Varun Pasricha: Charting Excitel’s Path in India’s Entertainment Landscape

February 16, 2024/

In the realm of entertainment, content reigns supreme, empowered by the Internet as its facilitator, enabling users to access and enjoy diverse content seamlessly. With the recent rollout of 5G technology, India aims to position itself as a global player in connectivity and technology. However, despite these strides, Internet penetration remains modest at 48.7%, with fixed broadband subscriptions per 100 inhabitants standing at 2.4 as of 2022, according to Statista. In this...

BLOG, FINANCIAL NEWS, GLOBAL COMMERCE

Sony’s Strategic Moves and Strong Profits: A Glimpse into the Tech Giant’s Evolution

February 15, 2024/

Sony, the iconic inventor of the Walkman, continues to make waves in the technology and entertainment industries with its strategic maneuvers and impressive financial performance. In recent announcements, the company revealed plans for a partial spin-off of its financial business and outlined its intention to list Sony Financial Group in October 2025. The Japanese conglomerate reported a staggering profit of 463.3 billion yen ($3.08 billion) for the period spanning October to December,...

BLOG, BUSINESS, FINANCIAL NEWS, LOCAL NEWS

The Surge of Deep Science Tech Investments in India: A Promising Future Unfolds

February 15, 2024/

In a dynamic landscape where innovation intersects with technology, India has witnessed a remarkable surge in deep science tech investments over the past decade. According to the latest report by VC firm Ankur Capital titled ‘The India Deep Science Tech Report,’ investments in this sector have more than doubled in the last three years, surpassing $1 billion during the 2021-2023 period. This exponential growth trajectory is projected to escalate further, potentially exceeding...

BLOG, FINANCIAL NEWS

KPI Green Energy Ltd Reports Impressive Q3 Performance with 47% Rise in Net Profit

February 15, 2024/

KPI Green Energy Ltd, the solar and hybrid vertical of KP Group, has reported a stellar performance in the December quarter, posting a remarkable 47% rise in consolidated net profit to Rs 50.60 crore. The company’s robust financial results reflect its steadfast commitment to excellence and innovation in the renewable energy sector. Key Financial Highlights: Driving Force Behind Performance: KPI Green Energy Ltd’s impressive financial performance can be attributed to its unwavering...

BLOG, FINANCIAL NEWS, LOCAL NEWS

Ayekart Secures $6.5 Million in Series A Funding to Revolutionize Agrifood Fintech

February 15, 2024/

Ayekart, a pioneering agrifood fintech platform, has made waves in the industry by raising $6.5 million (₹53 crore) in a Series A funding round led by Omnivore, Siana Capital, and Unleash Capital. This substantial capital infusion signals a new chapter of growth and expansion for Ayekart, as it seeks to revolutionize the agrifood value chain and empower stakeholders across the ecosystem. Driving Nationwide Expansion: With the influx of capital, Ayekart is poised...

BLOG, FINANCIAL NEWS, LOCAL NEWS

NMDC Reports Impressive Growth in Q3 FY 2023-24: Consolidated Net Profit Surges 62%

February 14, 2024/

The National Mineral Development Corporation (NMDC), a key player in India’s mining sector and under the Ministry of Steel, recently announced its financial results for the third quarter of the fiscal year 2023-24, showcasing a remarkable performance. Key Highlights: 1. Significant Rise in Consolidated Net Profit: NMDC reported a substantial 62% increase in consolidated net profit, reaching ₹1,469.73 crore in the December quarter compared to ₹903.89 crore in the corresponding period last...

BLOG, FINANCIAL NEWS, LOCAL NEWS

India’s Rising Weight in MSCI’s Global Standard Index Signals Shift in Emerging Markets

February 13, 2024/

In the realm of emerging market stocks, a significant recalibration is underway as India steadily narrows the gap with China in MSCI’s Global Standard index. With the latest revision, India’s weightage in the index has surged to an all-time high of 18.2%, marking a remarkable milestone for the country’s equity market. This uptick in India’s representation comes at the expense of China, whose weight in the index has dipped to 25.4%, down...

BLOG, FINANCIAL NEWS, NEWS

RBI Governor Stands Firm on Paytm Payments Bank Decision: No Room for Review

February 13, 2024/

In a resolute stance, Reserve Bank of India (RBI) Governor Shaktikanta Das has reiterated the central bank’s decision against Paytm Payments Bank, emphasizing that there is “hardly any room for review.” The directive, issued on January 31, mandated Paytm Payments Bank Ltd (PPBL) to cease accepting deposits or top-ups in any customer accounts, wallets, FASTags, and other instruments after February 29. The RBI’s action against PPBL stemmed from persistent non-compliances and ongoing...

BLOG, FINANCIAL NEWS

Bitcoin Surges Past $50,000 Mark, Driven by ETFs and Institutional Interest

February 13, 2024/

The price of bitcoin soared above $50,000 on Monday, marking a significant milestone for the cryptocurrency and highlighting a notable shift in investor sentiment since the introduction of mainstream bitcoin investment funds earlier this year. Bitcoin, the leading cryptocurrency in the industry, has witnessed a nearly 15 percent increase in value since the beginning of the year, largely fueled by the US Securities and Exchange Commission’s decision to approve several spot bitcoin...

BLOG, FINANCIAL NEWS

Driving Innovation: How Generative AI is Transforming Indian IT

February 12, 2024/

In the bustling landscape of Indian IT firms, generative AI emerges as a beacon of promise, propelling innovation and efficiency across various sectors. With the top 10 IT companies in India actively delving into approximately 450 generative AI projects and Proof of Concepts (PoCs), it’s evident that the industry is embracing this transformative technology wholeheartedly. In a recent conversation with AIM, Partha DeSarkar, Group CEO at Hinduja Global Solutions (HGS), shed light...

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