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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

Google and other IT firms charge Microsoft with unfair Cloud business practices-thumnail

Google and other IT firms charge Microsoft with unfair Cloud business practices

According to a Reuters story, Alphabet’s Google and technology trade associations have complained to the Federal Trade Commission about what they claim are unfair business practices in the cloud, including those by Microsoft, the sector’s second-largest vendor by market share. 

News

Jun 22, 2023

Vedanta planning to sell Tamil Nadu Copper Plant at a Rs. 4,500 crore valuation-thumnail

Vedanta planning to sell Tamil Nadu Copper Plant at a Rs. 4,500 crore valuation

As of March 2023, VRL possesses $1.7 billion in short-term investments, encompassing various bank deposits, quoted bonds, and mutual funds. Experts at CreditSites speculate that these investments could be liquidated

Finance

Jun 22, 2023

Prodapt wants to strengthen its presence in the Big Tech sector: Harsha Kumar, CEO-thumnail

Prodapt wants to strengthen its presence in the Big Tech sector: Harsha Kumar, CEO

The recently appointed CEO of the Chennai-based company, Harsha Kumar, told ETtech that Prodapt is intensifying its focus on connected platforms and software (CPS), more widely known as Big Tech.

News

Jun 22, 2023

Biden Administration to ease Visa norms for skilled worker as PM visits US-thumnail

Biden Administration to ease Visa norms for skilled worker as PM visits US

Recognizing the need for comprehensive immigration policy reform, the Biden administration has been diligently working to improve visa accessibility for Indians. President Joe Biden aims to forge a stronger bond

COVID 19

Jun 22, 2023

China’s Stance on Debt Restructuring and the Common Framework-thumnail

China’s Stance on Debt Restructuring and the Common Framework

The upcoming summit in Paris, where Premier Li Qiang of China and global leaders will convene, endeavors to tackle the predicament of debt burdens faced by economically disadvantaged nations and explore avenues for climate financing.

Business

Jun 22, 2023

Carlyle, an investment firm to offload its 2.53% enturestake in Delhivery-thumnail

Carlyle, an investment firm to offload its 2.53% enturestake in Delhivery

Delhivery went public with its initial public offering (IPO) in May of the previous year. However, the stock has experienced a relatively subdued performance, declining by approximately 28%. In the

Industry

Jun 22, 2023

The first opportunity fund raised by Blume Ventures closes at $25 million-thumnail

The first opportunity fund raised by Blume Ventures closes at $25 million

The new opportunity fund of early-stage venture capital company Blume Ventures has made its first closing at Rs 200 crore (about $25 million), or almost half of the total amount it aims to raise by the end of August.

Investment & Funding

Jun 22, 2023

In FY24, LTIMindtree plans to invest $40-50 million in AI capabilities-thumnail

In FY24, LTIMindtree plans to invest $40-50 million in AI capabilities

According to a senior corporate official, LTIMindtree intends to invest $40–50 million in artificial intelligence (AI) capabilities and services during the current fiscal year in order to establish a consistent revenue stream from the rapidly developing technology.

Business

Jun 22, 2023

40% of Indians see a loss in their finances as a result of inflation-thumnail

40% of Indians see a loss in their finances as a result of inflation

According to a YouGov study, during the last year, high inflation reduced the disposable income of over 40% of urban Indians, yet the country had one of the smallest declines in comparison to other foreign markets.

Finance

Jun 21, 2023

Reliance is the most valued private sector company according to the Hurun Report 2022, followed by TCS and HDFC Bank-thumnail

Reliance is the most valued private sector company according to the Hurun Report 2022, followed by TCS and HDFC Bank

Reliance Industries Ltd., owned by Mukesh Ambani, is ranked first on Hurun India’s 2022 Burgundy Private Hurun India 500 list, which was published on Tuesday.  According to market capitalization and

Finance

Jun 21, 2023

Mastercard Launches Global Card Recycling Project to Reduce Plastic Waste-thumnail

Mastercard Launches Global Card Recycling Project to Reduce Plastic Waste

In a significant move to address the mounting plastic waste problem, Mastercard has introduced a worldwide initiative aimed at recycling credit and debit cards. The company’s project intends to divert

Finance

Jun 21, 2023


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