Investment firm KKR to acquire Indian medical devices company Healthium
New Delhi, May 6 - Leading global investment firm KKR on Monday announced the signing of definitive agreements under which funds managed by KKR will acquire Indian medical devices company Healthium Medtech from an affiliate of Funds advised by the global private equity
India, Ghana agree to operationalise UPI link within 6 months
New Delhi, May 6 - India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said on
HCLTech partners AWS to accelerate GenAI adoption
New Delhi, May 6 Global technology company HCLTech on Monday announced a strategic partnership agreement with Amazon Web Services (AWS) to accelerate generative artificial intelligence (GenAI)-led enterprise digital transformation.
Siguler Guff invest Rs 240 crore in Hyderabad-based microfinance lender Spandana Sphoorty
Mumbai, May 6 - Private markets investment firm Siguler Guff and Company on Monday announced it has invested Rs 240 crore for an approximate 3.5 per cent ownership stake in Spandana Sphoorty Financial Ltd, a Hyderabad-based microfinance Non-Banking Financial Corporation (NBFC).
Indian economy and equity markets outperformed China over past 3 years
New Delhi, May 6 - China’s equity markets have lagged Indian equity by a long stretch, as per a report by DSP Mutual Fund.
India’s services sector clocks robust growth in April, lifts business confidence to 3-month high
New Delhi, May 6 - India's services sector continued to register robust growth in April on the back of strong domestic and foreign demand, which lifted business confidence to a three-month high, according to an HSBC survey published on Monday.
BlackSoil invests $49 million in 11 new deals in Q4
New Delhi, May 6 - Alternative credit platform BlackSoil on Monday said that it invested $49 million (Rs 391 crore) across 11 new deals and exited four portfolio companies in the fourth quarter (Q4) of FY24.
Why billionaire investor Warren Buffett needs to relook at India under PM Modi
New Delhi, May 6 - Unaware of the possibilities India now provides for global investors and big conglomerates, Warren Buffett, Chairman and CEO of global investment major Berkshire Hathaway, needs to have a fresh look at a country which is set to become
Musk invites billionaire investor Warren Buffett to invest in Tesla
New Delhi, May 6 - Elon Musk, on Monday, invited billionaire investor Warren Buffett to come and invest in Tesla, which is facing tough times amid global slowdown in EV sales.
Financial regulator finds ‘illegal’ stock short selling at 5 more global banks
Seoul, May 6 - South Korea's financial regulator said on Monday that it has found suspected cases of naked stock short selling at five more global investment banks (IBs), bringing the total to nine out of the 14 largest global IBs in the
Indian startup Mindgrove unveils 1st indigenous high-performance chip
New Delhi, May 6 - As India begins its chip-making journey, fabless semiconductor startup Mindgrove Technologies, on Monday, said that it has launched the country's first commercial, high-performance SoC (system on chip).
Twitter founder Jack Dorsey quits Bluesky board, confirms company
New Delhi, May 6 - Jack Dorsey, who founded Twitter (now called X), has quit the board of Bluesky, a decentralised social media platform he also helped co-founded.
REC gets RBI’s nod to set up subsidiary in Gujarat’s GIFT City
New Delhi, May 5 - Leading government-owned financial company REC on Sunday said it has received a nod from the Reserve Bank of India (RBI) to set up a wholly-owned subsidiary in GIFT City in Gujarat.
Cipla, Glenmark recall drugs in US due to manufacturing issues
New Delhi, May 5 - Drug makers Cipla and Glenmark are recalling their products from the US market due to manufacturing issues.
CERT-In finds multiple bugs in Google Chrome, GitLab
New Delhi, May 5 - The Indian Computer Emergency Response Team (CERT-In), which comes under the Ministry of Electronics & Information Technology, has warned users of multiple vulnerabilities in Google Chrome and GitLab (an open-core company) which could allow an attacker to obtain
$100 billion worth chips needed for India’s $300 billion electronics production goal by FY26
New Delhi, May 5 - As India aims to reach $300 billion electronics production by FY26, it will trigger demand for semiconductors worth $90-$100 billion, largely driven by domestic mobile manufacturing -- an opportunity the country must tap.
Eco-friendly cars’ sales cross 100,000 in South Korea in Q1
Seoul, May 5 - Sales of eco-friendly cars surpassed 100,000 units in the first quarter in South Korea on booming demand for hybrid vehicles, industry data showed on Sunday.
Paytm announces leadership change to double down on payments & financial services offerings
New Delhi, May 4 - The One97 Communications Limited (OCL), which owns Paytm, on Saturday announced to expand its leadership team to build a large and profitable payment and financial services distribution business.
Can AI help tablets grow like PCs & smartphones this year?
New Delhi, May 4 - As artificial intelligence (AI) begins to transform personal computing and mobile experience for millions of users globally, can the new technology also drive the slow pace of growth for tablets?
IDBI Bank registers 44 per cent jump in net profit for Jan-March quarter
Mumbai, May 4 - The IDBI Bank on Saturday reported a 44 per cent jump in standalone net profit to Rs 1,628.5 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 1,133 crore for the same period of