New Delhi, Aug 7 (IANS) India’s gifting startups raised $115.9 million in the last decade, showing steady but modest growth, a report said on Thursday.Gifting startups globally raised $1.7 billion from 2015 to date. Funding activity in gifting business for 2025 remains muted worldwide and in India, the report from data intelligence firm Tracxn Technologies said.In 2025, Indigifts was the sole Indian firm to secure funding, and raised $57,600 in an angel round. Indian gifting firms raised $1.3 …

New Delhi, Aug 7 (IANS) In a market where consumers are seeking real value, it is no longer enough for smartphone brands to launch devices with lengthy spec sheets and heavier marketing gimmicks.What makes a difference today is a deep understanding of user priorities and the ability to design products that genuinely enhance how people live and engage with technology.This is especially true in online shopping, where young buyers in India often face tough choices. They want style, performance, and…

New Delhi, Aug 7 (IANS) Integrated building materials company Prism Johnson Ltd reported a net profit of Rs 8.33 crore in Q1 FY26, down 93 per cent sequentially, according to its exchange filing on Thursday.The company had posted a net profit of Rs 133.02 crore in the preceding quarter (Q4 FY25), while in the same quarter a year ago (Q1 FY25), the firm had posted a loss of Rs 47 lakh.Revenue for Q1 FY26 stood at Rs 1,781.13 crore — down from Rs 1,951.82 crore in the previous quarter, showing a …

Tokyo, Aug 7 (IANS) A fresh round of US tariffs under President Donald Trump’s administration took effect on Thursday, but differences have emerged between Washington and Tokyo over the interpretation of their bilateral trade agreement, particularly regarding the treatment of Japanese imports, the Japanese media reported. While Japanese officials maintain that the two sides have reached a shared understanding on the new tariff structure, a senior White House official has stated otherwise. Spea…

New Delhi, Aug 7 (IANS) India’s installed electricity generation capacity is 485 GW as of June 2025, and the government plans to increase it to about 870 GW in 2031-32 to meet the growing demand for power in the country, the Parliament was informed on Thursday.There has been an increase in electricity demand in the country due to rapid economic growth, expanded household electrification, increasing urbanisation, rising living standards, and the growing use of energy-intensive technologies like…

New Delhi, Aug 7 (IANS) Leading foreign policy and national security expert Lisa Curtis, who served as former Deputy Assistant during US President Donald Trump’s first term, on Thursday called the decision by Trump to impose additional tariffs on India “shocking,” while highlighting India’s rapidly growing economy as a major strength in the strategic partnership between the two nations.Speaking exclusively to IANS, Curtis expressed surprise at the 25 per cent tariff announced by Presiden…

New Delhi, Aug 7 (IANS) India’s AI technology spending is projected to grow at an annualised rate of 38 per cent from 2023 to reach $10.4 billion in 2028, a report said on Thursday.Around 40 per cent of organisations in India have already implemented agentic AI, and close to 50 per cent are planning to use the technology within the next 12 months, IDC InfoBrief and UiPath said in a joint report.In 2025, AI investments are focused on building the foundational infrastructure required to power tr…

New Delhi, Aug 7 (IANS) Billionaire investor Mark Mobius said on Thursday that upcoming 50 per cent tariffs on India, imposed by US President Donald Trump, will have less impact on the country as it has a massive domestic market to cushion itself, and does not fully depend on exports like China.Speaking to IANS, the global investor who runs the Mobius EM Opportunities Fund for emerging markets (EMs), said India is in a good position to navigate these tariffs than other nations.“India has a hug…

New Delhi, Aug 7 (IANS) The average organisational cost of a data breach in India reached a new high of Rs 220 million (Rs 20 crore) in 2025 — up 13 per cent (year-on-year), according to a report released on Thursday.The time to identify and contain a breach in India decreased to 263 days, a reduction of 15 days from 2024, as more organisations improved their speed to identify a breach, the report from US-based consulting company IBM said.In India, only 37 per cent of organisations reported hav…

New Delhi, Aug 7 (IANS) US President Donald Trump announced plans to impose a 100 per cent tariff on all imported semiconductors and chips in order to strengthen domestic production.“A 100 per cent tariff (will be imposed) on all chips and semiconductors coming into the US. But if you’ve made a commitment to build (in the US), or if you’re in the process of building (in the US), as many are, there is no tariff,” the President said during a meeting in the Oval Office with Apple CEO Tim Cook…