PLI schemes have brought in Rs 95,000 cr investments: Centre
New Delhi, Dec 26 - The central government’s production linked incentive (PLI) schemes has led to investments of over Rs 95,000 crore till September, resulting in the production of goods worth Rs 7.80 lakh crore, according to a Commerce Industry statement released on
From mirrorless lens to AI video analytics: Decoding the growth of India’s imaging industry
New Delhi, Dec 26 - The imaging industry has revolutionized the way the world around us is captured and documented. Visual storytelling has never been more convenient owing to developments in technology such as mirrorless lenses, high-resolution sensors, and advanced image processors that
FDI flows jump to 21-month high in Oct
Mumbai, Dec 26 - The net Foreign Direct Investment (FDI) flowing into India reached a 21-month high in October reflecting the strengthening fundamentals of the economy, according to data compiled by the RBI.
PSU stock indices outperform in trade
New Delhi, Dec 26 - PSU stocks are the top gainers in trade on Tuesday notching up gains of up to 11 per cent.
BharatPe logs 182% growth in revenue in FY23, EBITDA loss cut by Rs 158 cr
New Delhi, Dec 26 - Fintech major BharatPe on Tuesday said it has recorded 182 per cent growth in revenue in FY23 while EBITDA loss reduced by Rs 158 crore.
Over 4.25 lakh tech employees lose jobs in last 2 yrs, 24 workers per hour
New Delhi, Dec 26 - As generative AI threatens millions of jobs, tech companies globally are now sacking employees even in the holiday season (they had spared workers in 2021 and 2022 festive seasons amid the global meltdown and started layoffs only in
SCOPE launches $45 mn VC fund for fintech, gaming startups
New Delhi, Dec 26 - SCOPE, the invite-only startup networking platform, on Tuesday launched a venture capital fund worth $45 million, focused on fintech and gaming sectors.
itel forays into open-earbuds category, launches Roar 75 with Titanium Body for Gen-Z at Rs 1,099
New Delhi, Dec 26 - itel Mobile India has announced its entry into the open-earbuds category by launching 'ROAR 75' with Titanium Body at Rs 1,099.
Bulls are likely to wait for the New Year for further action
New Delhi, Dec 26 - The global rally in December led by the US market has lifted most markets significantly, and India was fortunate to have the lift from the state election results too, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial
SoftBank likely sells $310 mn worth shares in IPO-bound FirstCry
New Delhi, Dec 26 - Japanese investment giant SoftBank has likely sold its stock worth $310 million in a second round sale in mother and child care e-commerce platform FirstCry, which is likely to file a draft paper for IPO this week.
Biryani is the most-ordered dish on Zomato in 2023: Report
New Delhi, Dec 25 - Zomato users ordered biryani the most in 2023, the online food platform said on Monday.
Bose invests $10 mn in Noise, takes Indian brand’s valuation past $400 mn
New Delhi, Dec 25 - Bose, a global pioneer in consumer electronics and audio, has invested $10 million in homegrown consumer electronics brand Noise, taking its valuation to nearly $426 million.
Govt launches scheme to boost Medtech startups
New Delhi, Dec 25 - The government launched the MedTech Mitra platform on Monday as part of a strategic initiative to empower India’s MedTech innovators and reduce the country’s dependence on imported medical devices.
Adani Green Energy Ltd completes PPA with SECI for 8000-MW solar power
Mumbai, Dec 25 - The Adani Green Energy Ltd (AGEL) has executed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) 1,799-MW solar power for a period of 25 years, an official said on Monday.
InCred raises $60 mn, becomes India’s 2nd unicorn of 2023
New Delhi, Dec 25 - Ending the drought, fintech lender InCred has become India’s second unicorn this year after raising $60 million from new and existing investors, the media reported on Monday.
Govt throws open e-Jagriti portal, video access to NCDRC to give consumers more clout
New Delhi, Dec 25 - The government has thrown open the e-Jagriti portal and video conferencing (VC) facility for the National Consumer Dispute Redressal Commission and state consumer commissions as part of the focus on leveraging technology for consumer protection and grievance redressal.
Paytm lays off employees as it implements AI-powered automation
New Delhi, Dec 25 - Fintech leader Paytm has laid off several hundred employees from its operations, sales and engineering team, according to reports.
US clean tech unicorn Palmetto lays off employees in multiple job cuts
San Francisco, Dec 25 - US-based clean-tech unicorn Palmetto has reportedly done multiple rounds of layoffs amid the market slowdown.
2023 may have been cryptocurrencies best year ever
New York, Dec 25 - Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling. It still may have been the industry’s best year ever, CNN reported.
Bitcoin miners see transaction revenue grow a massive 400% in 2023
New Delhi, Dec 25 - The revenue collected by Bitcoin miners as transaction fees averaged about $2 million per day in 2023, registering a whopping 400 per cent increase year-on-year.