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Adani-EdgeConneX JV raises $213 million for two data centers-thumnail

Adani-EdgeConneX JV raises $213 million for two data centers

On Friday, the largest data centre financing deal in India was announced by AdaniConneX, a data centre provider and 50:50 joint venture (JV) between Adani Enterprises and EdgeConneX. In a

News

Jun 23, 2023

Focused on gaming and media Lumikai makes its second offering with a $50 million corpus goal-thumnail

Focused on gaming and media Lumikai makes its second offering with a $50 million corpus goal

The second fund from Indian gaming and interactive media firm Lumikai has been launched with a target corpus of $50 million from international investors.

Entertainment

Jun 23, 2023

Deloitte and Key Board members resign from the ed-tech firm Byju’s-thumnail

Deloitte and Key Board members resign from the ed-tech firm Byju’s

Ed-tech firm Byju’s, despite being a major beneficiary of the pandemic-induced surge in online learning, unexpectedly witnessed a decline in revenue for FY21.

Business

Jun 23, 2023

Economic Crisis in Pakistan Fuels Surge in Irregular Migration to Europe-thumnail

Economic Crisis in Pakistan Fuels Surge in Irregular Migration to Europe

The ongoing economic crisis in Pakistan has spurred a dramatic increase in irregular migration toward Europe, as individuals in dire circumstances seek enhanced prospects and financial stability overseas. Pakistan’s economy is grappling with severe challenges, characterized by soaring inflation and a contracting industrial sector, which has led to widespread unemployment and financial hardship. Against this backdrop, an escalating number of Pakistanis are resorting to illicit means to migrate to Europe, even at the peril of their lives.

Economy

Jun 23, 2023

Nivruti Rai, the head of Intel India, leaves her position after 29 years-thumnail

Nivruti Rai, the head of Intel India, leaves her position after 29 years

In 2022, Rai received the Nari Shakti Puraskar in recognition of her outstanding efforts to advance women’s rights. Nivruti Rai, the head of Intel India, has left the organisation after

Industry

Jun 23, 2023

Adani Group is under regulatory review in the US as a result of a study by Hindenburg Research-thumnail

Adani Group is under regulatory review in the US as a result of a study by Hindenburg Research

In a thorough denial, Adani Group said that Hindenburg’s report was “nothing short of a calculated securities fraud.”

Business

Jun 23, 2023

Rosneft and BPCL in talks to purchase oil priced on Dubai Benchmark: Report-thumnail

Rosneft and BPCL in talks to purchase oil priced on Dubai Benchmark: Report

Approximately 6 million metric tonnes (43.8 million barrels) of discounted Russian crude would be purchased by Indian state-run refiner BPCL from Rosneft at a price based on the benchmark set

Industry

Jun 23, 2023

Shark Tank Featured And Demanded A Valuation Of Rs 600 Crore Hood App, However, Disappeared-thumnail

Shark Tank Featured And Demanded A Valuation Of Rs 600 Crore Hood App, However, Disappeared

A social media celebrity and the app’s co-founder, Abhishek Asthana, discusses the company’s goals and his time on Shark Tank India. The Hood app is a platform that offers a forum for debates that are more democratic.

Business

Jun 22, 2023

India’s Current Fiscal Year GDP Prediction Is Increased By Fitch To 6.3% From 6%-thumnail

India’s Current Fiscal Year GDP Prediction Is Increased By Fitch To 6.3% From 6%

The growth projection is in comparison to the 7.2% GDP growth in FY23. The economy had expanded by 9.1% in the preceding fiscal year (FY22). On June 22, Fitch Ratings increased its prediction for India’s economic growth to 6.3% for the current fiscal year 2023–2024 from its earlier projection of 6%.

Economy

Jun 22, 2023

WFH Culture Compels IT Firms Like Infosys, TCS, And Accenture To Relocate To Tier ii And Tier iii Locations-thumnail

WFH Culture Compels IT Firms Like Infosys, TCS, And Accenture To Relocate To Tier ii And Tier iii Locations

The use of remote working has been encouraged by major IT Firms. Employees at Tata Consultancy Services (TCS) and Infosys have just received emails announcing the commencement of office hours. A hybrid working paradigm has also been encouraged by other Indian IT firms like HCL Tech and Wipro.

IT Farms

Jun 22, 2023

Economic Ramifications of Brexit on Trade and Investment Between the UK and Germany-thumnail

Economic Ramifications of Brexit on Trade and Investment Between the UK and Germany

Ever since the United Kingdom cast its historic vote to exit the European Union on June 23, 2016, followed by its departure from the EU’s single market at the onset

Investment & Funding

Jun 22, 2023

How Poland landed a multi-billion dollar investment from Intel-thumnail

How Poland landed a multi-billion dollar investment from Intel

In order to lessen its reliance on Asia in the face of an unprecedented semiconductor scarcity, Europe is providing billions of euros in subsidies. In exchange, Intel is making significant financial commitments, and Poland chose to join the celebration since Germany had already secured a 30 billion euro investment.

Investment & Funding

Jun 22, 2023


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