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National Informatics Centre’s cloud services will be managed by Jio Platforms for Rs 350 crore-thumnail

National Informatics Centre’s cloud services will be managed by Jio Platforms for Rs 350 crore

In order to maintain and improve the cloud services provided by the government’s National Informatics Centre (NIC), Jio Platforms has won a contract worth Rs 350 crore, sources informed ET.

Business

Apr 10, 2023

A 56% increase in Godrej Properties pre-sales during FY23; one of the best performances ever-thumnail

A 56% increase in Godrej Properties pre-sales during FY23; one of the best performances ever

In comparison to its full-year forecast, Godrej Properties’ bookings for FY 2022–23 increased by 56% to INR 12,232 crore ($1.6 billion), or 22% more. Sales volumes increased by 19% sequentially

Business

Apr 10, 2023

Jamshyd Godrej notes the strength of Vietnam and other manufacturing centers, saying “India has not done that yet”-thumnail

Jamshyd Godrej notes the strength of Vietnam and other manufacturing centers, saying “India has not done that yet”

India should address some concerns first, according to Jamshyd Godrej, chairman of Godrej & Boyce, in order to resolve the difficulties in the manufacturing industry. It has been extensively debated

Business

Apr 8, 2023

US-based firms sack over 270,000 employees in Q1, up by nearly 400%-thumnail

US-based firms sack over 270,000 employees in Q1, up by nearly 400%

Large-scale layoffs in the Technology sector continue in 2023 amidst rate hikes and companies’ cost-cutting measures The technology sector, which is leading all industries, is witnessing a high number of

Business

Apr 7, 2023

Realty, auto firms expect demand to remain intact after RBI holds rate-thumnail

Realty, auto firms expect demand to remain intact after RBI holds rate

The Reserve Bank of India (RBI) announced on Thursday that it is holding its key repo rate steady, prompting CEOs from various industries to express their optimism about the business

Business

Apr 6, 2023

MPC Revises Inflation Forecast Downwards and Raises Growth Outlook Slightly for FY24-thumnail

MPC Revises Inflation Forecast Downwards and Raises Growth Outlook Slightly for FY24

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has revised its projections for retail price inflation and economic growth for the fiscal year 2023-24. In a

Business

Apr 6, 2023

Worried investors drive VC financing for startups down 55%-thumnail

Worried investors drive VC financing for startups down 55%

American companies garnered $37 billion from venture capitalists in the first quarter of this year,The lowest sum in 13 straight quarters, according to statistics from research company PitchBook and the

Business

Apr 6, 2023

Rents are shooting through the sky in Bengaluru as the battle for apartments increases-thumnail

Rents are shooting through the sky in Bengaluru as the battle for apartments increases

Residential rents in Bengaluru have undergone a considerable spike in the last year and corporate personnel are battling to acquire homes amidst the partial reopening of companies and schools and

Business

Apr 6, 2023

“India’s Cheap Russian Crude Oil Boosts Fuel Exports to Europe and US”-thumnail

“India’s Cheap Russian Crude Oil Boosts Fuel Exports to Europe and US”

The access to cheap Russian crude oil has significantly boosted the output and profits of Indian refineries, enabling them to export refined products competitively to Europe and take a bigger

Business

Apr 6, 2023

Video telematics company LightMetrics gets $8.5 million from Sequoia Capital India-thumnail

Video telematics company LightMetrics gets $8.5 million from Sequoia Capital India

The business provides software that analyses video feeds from cameras put in cars to better understand driver conduct, minimize accidents and increase safety. LightMetrics, a video telematics business targeting commercial

Business

Apr 5, 2023

Animal-free protein producer Zero Cow Factory raises $4 million-thumnail

Animal-free protein producer Zero Cow Factory raises $4 million

The cash will be utilized to advance the company’s research and development activities, scale up manufacturing capacity, and also secure regulatory licenses to become commercial. Zero Cow Factory, a biotechnology

Business

Apr 5, 2023

Commercial leasing grew by 9% Y-o-Y during Q4 FY23 -thumnail

Commercial leasing grew by 9% Y-o-Y during Q4 FY23 

Commercial (office) leasing climbed by 9% Y-o-Y and hit 12.6 million sq ft during the Jan-Mar 2023 period, according to CBRE. Bangalore, Delhi-NCR, and Chennai accounted for 62% of the

Business

Apr 5, 2023


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