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Home > Articles
KPMG will invest $2 Billion in AI and Cloud Services-thumnail

KPMG will invest $2 Billion in AI and Cloud Services

Through expanded cooperation with Microsoft, KPMG aims to invest $2 billion in artificial intelligence and cloud services across its business lines internationally over the next five years, the latest effort by a Big Four accounting firm to double down on the technologies.

Artificial Intelligence

Jul 12, 2023

Oritain secures $57 million in funding for their forensic, big-data scientific approach to tracking the origin of commodities-thumnail

Oritain secures $57 million in funding for their forensic, big-data scientific approach to tracking the origin of commodities

Global supply chains have shrunk the world by allowing us to get almost everything we want at the touch of a button. However, when it comes to things like authenticating

Business

Jul 12, 2023

Utkarsh small finance bank raises 223 crores from anchor investors; IPO opens for Public-thumnail

Utkarsh small finance bank raises 223 crores from anchor investors; IPO opens for Public

Utkarsh Small Finance Bank has successfully raised Rs 223 crore from anchor investors prior to its initial share sale.

Investment & Funding

Jul 12, 2023

Research firms predict Huawei will overcome US ban with return of 5G phones-thumnail

Research firms predict Huawei will overcome US ban with return of 5G phones

A U.S. ban on equipment sales crushed China’s Huawei Technologies’ consumer electronics sector, but the company is planning a comeback by the end of the year by entering the 5G

News

Jul 12, 2023

Zepto to become 1st unicorn of 2023 after a $150 million Series E round-thumnail

Zepto to become 1st unicorn of 2023 after a $150 million Series E round

Zepto is an Indian startup is on track to become the first unicorn of 2023 in the country. Thanks to an expected $150 million Series E funding round. Led by StepStone Group and supported by Nexus Venture Partners. This funding will elevate Zepto’s valuation to $1.3 billion. The swift commerce delivery startup has garnered recognition for its commitment to delivering groceries within 10 minutes.

Investment & Funding

Jul 12, 2023

Wipro launches AI-ecosystem ai360; to invest $1 billion over the next 3 years in AI solutions-thumnail

Wipro launches AI-ecosystem ai360; to invest $1 billion over the next 3 years in AI solutions

Wipro ai360 represents Wipro’s commitment to an AI-centric ecosystem that seamlessly incorporates AI technology in all its platforms and client solutions. To achieve this Wipro has earmarked a significant $1

Business

Jul 12, 2023

Ashneer Grover; Ex Bharatpe MD lashes out at the government over 28% GST on online gaming companies-thumnail

Ashneer Grover; Ex Bharatpe MD lashes out at the government over 28% GST on online gaming companies

Ashneer Grover, the former founder of BharatPe. This has raised concerns regarding the Indian government’s recent decision to impose a 28% tax on funds accumulated by online gaming companies. In

Business

Jul 12, 2023

A Journey Through India’s Radio Industry: Big FM and Radio Mirchi’s Market Leadership-thumnail

A Journey Through India’s Radio Industry: Big FM and Radio Mirchi’s Market Leadership

We all remember our grandparents and perhaps our parents listening to the radio. Before television became prevalent in homes, the sole source of information and entertainment was radio. Even now, most of us enjoy listening to the radio while driving since it introduces us to new and occasionally forgotten tunes. Today, while traditional television is competing with OTT and other services, radio remains important. So, let us take a look at the radio industry’s history and current state.

Business

Jul 11, 2023

China’s Geely Signs Powertrain Deal with Renault-thumnail

China’s Geely Signs Powertrain Deal with Renault

In a new, equally held joint venture to create gasoline engines and hybrid technology for autos, Geely and Renault will invest up to 7 billion euros ($7.71 billion) each, according

News

Jul 11, 2023

Bain Capital and Carlyle Group bids for Adani capital-thumnail

Bain Capital and Carlyle Group bids for Adani capital

Sources indicate that Bain Capital and Carlyle Group Inc., both reputed firms, find themselves among potential acquirers eyeing a controlling interest in Gautam Adani’s shadow bank, commonly referred to as Adani Capital. Motivated by a desire to minimize liabilities while increasing focus on existing enterprises, this vital move has been triggered after scrapping their initial public offering plans following detrimental allegations made by short sellers resulting in considerable erosion of market value.

Business

Jul 11, 2023

Godrej Aerospace is in talks with Airbus and Boeing to make and supply parts-thumnail

Godrej Aerospace is in talks with Airbus and Boeing to make and supply parts

Godrej Aerospace is in talks with suppliers to Airbus and Boeing to manufacture aircraft parts amidst the surge in plane orders. The Indian company aims to meet the growing demand

Industry

Jul 11, 2023

Wadia Group is in talks with investors to form a joint bid for Go First-thumnail

Wadia Group is in talks with investors to form a joint bid for Go First

Amidst ongoing challenges faced by Go First Airlines in resuming their operations, there is a focused effort by the Wadia Group towards finding suitable partners who can assist them in reclaiming ownership. These partnerships may come through joint bids involving financial investors who are presently engaging in discussions with the group after assessing Go First’s airworthiness status thoroughly. Furthermore, it should be acknowledged that former promoters Nusli Wadia and his family retain eligibility for participation in any forthcoming bidding processes related to this venture. Importantly, one must remember that engine issues were the primary reason behind Go First filing for bankruptcy.

Business

Jul 11, 2023


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