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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

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

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

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

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX-thumnail

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX

CarTrade Tech Ltd. witnessed a commendable increase in its stock price when it successfully acquired Sobek Auto India Pvt. Ltd., a prominent automotive digital platform from OLX India.

Automotive

Jul 11, 2023


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