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Tag: Business
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

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

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

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

Netweb Technologies IPO to open up for public subscription on 17th July-thumnail

Netweb Technologies IPO to open up for public subscription on 17th July

Netweb Technologies India Ltd, a renowned provider of computing solutions is scheduled to launch its IPO on July 17. The IPO comprises a fresh issue along with an offer for sale by its existing promoters. Netweb has established itself as a reliable source for a diverse range of computing solutions and has consistently exhibited impressive financial performance. Additionally. Their eligibility for government schemes in India further strengthens their position in the market.

Business

Jul 11, 2023

Meet Sagar and Binod, St. Xavier’s alumni and the minds of Wow Momo: Here’s how they grew their business from Rs 30000 to a multi-billion-dollar enterprise-thumnail

Meet Sagar and Binod, St. Xavier’s alumni and the minds of Wow Momo: Here’s how they grew their business from Rs 30000 to a multi-billion-dollar enterprise

Today, we’ll tell you about the people who contributed to Wow!’s success. Momos- the momo wallas who entirely destroyed the momo-selling market-Sagar and Binod’s entrepreneurial adventure serves as an inspiration to dream big and turn passions into reality.

Business

Jul 10, 2023


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