Today’s business news highlights major developments in various sectors, including finance, technology, and retail. Tata Consultancy Services (TCS) is set to finalize deals worth $1 billion with British fashion retailer Marks & Spencer, while YouTube has announced changes in the way ads are displayed on videos. The Indian government has taken a significant step towards regulating cryptocurrency, and the India AI program, an artificial intelligence platform featuring one of the largest publicly assembled datasets in the world, is set to launch soon. These developments demonstrate the dynamic nature of the business world and the need for companies to stay agile and adaptable in the face of changing market conditions.
- The Indian government has taken a significant step towards regulating cryptocurrency by including virtual digital asset (VDA) transactions, including cryptocurrencies, under the ambit of the Prevention of Money Laundering Act (PMLA) 2002. This move is aimed at tightening oversight of cryptocurrency in India and preventing money laundering through digital assets.
- Tata Consultancy Services (TCS), one of India’s largest IT companies, is reportedly finalizing deals worth $1 billion with British fashion retailer Marks & Spencer. This deal is expected to bolster TCS’s position in the UK retail sector and strengthen its presence in the global market.
- Fintech unicorn Slice has acquired a 5% equity stake in North East Small Finance Bank for $3.42 million. This acquisition is expected to enhance Slice’s position in the banking sector and enable it to provide better services to its customers.
- India’s government is set to launch the India AI program, an artificial intelligence platform featuring one of the largest publicly assembled datasets in the world, by early April. This platform is expected to accelerate the development and adoption of AI technology in India and drive innovation in various sectors.
- YouTube has announced that it will be changing the way ads are displayed on videos, starting April 6, with the removal of overlay ads. This move is aimed at improving user experience and increasing engagement with ads.
- Salesforce-owned enterprise chat application Slack has introduced a new AI-powered app called ChatGPT that delivers instant conversation summaries, research tools, and writing assistance. This app is expected to enhance productivity and streamline communication for Slack users.
