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Future Enterprises receives bids from Reliance Retail Ventures, Jindal Group, and GBTL Ltd-thumnail

Future Enterprises receives bids from Reliance Retail Ventures, Jindal Group, and GBTL Ltd

Amidst its corporate insolvency predicament, Future Enterprises has received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures, and GBTL Ltd. It is worth noting that the burden of verified

Business

Jul 12, 2023

Gautam Adani to enter the bidding process for Anil Ambani’s coal power plant-thumnail

Gautam Adani to enter the bidding process for Anil Ambani’s coal power plant

Gautam Adani to enter the bidding process for Anil Ambani’s coal power plant

Business

Jul 12, 2023

Nazara Technologies; a leading online gaming company sees the minimal impact of a 28% GST decision-thumnail

Nazara Technologies; a leading online gaming company sees the minimal impact of a 28% GST decision

With regards to the latest ruling by the GST Council mandating a taxation rate of 28% on online gaming services, Nazara Technologies—a distinguished entity renowned for its expertise in both gaming and esports—confidently states that it foresees minimal impact.

Business

Jul 12, 2023

Foxconn Is In Discussions To Build 4-5 Semiconductor Manufacturing Facilities In India: Report-thumnail

Foxconn Is In Discussions To Build 4-5 Semiconductor Manufacturing Facilities In India: Report

The government has been notified that Taiwanese technology firm Foxconn plans to establish at least four to five semiconductor manufacturing facilities in India, according to individuals with knowledge of the issue.

Business

Jul 12, 2023

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

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

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

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

Tata Group becomes the first Indian iPhone manufacturing company; deal signup in August-thumnail

Tata Group becomes the first Indian iPhone manufacturing company; deal signup in August

The continuous progress made by Tata Group seems poised for further consolidation with reports suggesting their imminent acquisition of a factory presently administered by Wistron Corp., an esteemed Apple supplier. Pertinently this factory represents a critical component in the intricate assembly procedures associated with iPhones and boasts an impressive valuation exceeding $600 million. Should this arrangement reach fruition Tata would secure their entry into the competitive realm of iPhone production thereby contributing significantly to India’s manufacturing sector. Furthermore. It would serve as a commendable feat for Apple. Allowing them to effectively diversify their supply chain in order to alleviate dependence on China.

Business

Jul 11, 2023


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