Investing in generative artificial intelligence (Gen-AI) has emerged as the top priority for CEOs around the world, according to the recently released KPMG CEO Outlook 2023 survey. Despite the concerns regarding geopolitical and environmental challenges, CEOs across the world, including those in India, remain optimistic about their growth prospects. They see opportunities in mergers and acquisitions (M&A) as a means to enhance their market presence and capabilities.

This was driven by an 18% rise in subscription revenues due to an increasing share of large 3DEXPERIENCE contracts and a broad-based adoption of a subscription model, the company said.

On August 3, India imposed import restrictions on a wide range of IT hardware products, including laptops, personal computers (including tablet computers), microcomputers, large or mainframe computers, and certain data processing machines. The primary objective of these measures is to boost domestic manufacturing and reduce reliance on imports from China. Under the revised system, importers will be required to obtain import authorisations. This authorisation can be acquired by furnishing comprehensive information about the value and quantity of their imports.

India Mobile Congress: PM Modi expressed confidence that India would lead the world in 6G technology. He pointed out the social and economic implications of improved internet connectivity and speed, such as better education access, telehealth for patients, and advanced farming techniques for farmers.