GLOBAL NETWORK
Yashaa Global Capital, comprising of Shikhar Dhawan, Ravi Shastri, & AB de Villiers, Secures ADGM approval to launch $75 million Global Sports VC Fund
With a $75M target, the fund aims to drive global investments in SportsTech, Fitness & Wellness, and Esports, fostering innovation and growth.
Prologis plans to double investment in India to $1 billion over the next 5-7 years
Prologis plans to invest $1 billion in India's logistics market over the next five-seven years. Focusing on major cities like Delhi, Mumbai, Pune, Bengaluru, and Chennai, the company aims to develop a best-in-class logistics real estate portfolio, highlighting India's increasing appeal for global investors.
NTT Data sets up India hub; aims at least $100 million deals
NTT Data is establishing a large deals hub in India to secure more than $100 million contracts, with some reaching over $500 milion. The firm plans to expand its workforce, invest in AI-led cost reduction, and capitalize on growing tech spending.
Foreign insurers find life in India tough despite easier FDI norms
Foreign insurers are retreating from India, despite regulatory reforms easing ownership rules. Challenges in scaling without strong local partnerships and high operational complexity remain deterrents. Recent exits include Allianz Group, while Zurich Insurance has expanded its presence, highlighting mixed investor responses.
Wipro, Tech Mahindra, L&T Tech Services partner with Nvidia
Tech Mahindra has unveiled an autonomous pharmacovigilance (PV) solution powered by Nvidia AI software to enhance drug safety management.
Vodafone Idea shares rise 4% as telco rolls out 5G in Mumbai, eyes satcom partnerships
Vodafone Idea saw its stock rise 4.3% following the launch of 5G services in Mumbai, offering unlimited data at competitive prices. The company is also in talks with satellite communication players like Starlink and Amazon Kuiper to enhance connectivity, particularly in remote areas.
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‘Building the next generation of women leaders: Discover how Kent's India Women in Leadership scholarship is shaping the future’
The University of Kent offers the India Women in Leadership Scholarship, covering 50% of tuition fees for one year of Master's study. This initiative aims to increase the representation of women in senior leadership roles by supporting their education in top-ranked courses like Business, Law, and Computing.
TCS signs 5-year deal with Air New Zealand
IT services company Tata Consultancy Services (TCS) will enhance Air New Zealand's digital services, covering over 600 applications. By integrating AI automation and cloud technologies into critical airline functions, it will improve key areas such as cargo services, disruption management, retail, maintenance systems, and crew operations.
ET MSME Awards 2024: Here’s what’s on the agenda
The grand finale of the ET MSME Awards 2024 on March 20 will reveal 20 winners from a pool of 101 finalists. Also on the anvil is an evening of networking, engaging discussions, fireside chats, and a celebration of India’s resilient MSME sector.
IndiGo shares FY30 roadmap ahead of investor meet, stock surges by 2%
IndiGo shares surged 2.33% after the airline unveiled an ambitious FY30 growth roadmap. It plans to carry 118 million passengers in FY25, expand its fleet, and add 14 new destinations in FY26. The introduction of Airbus A321 XLR and aggressive international expansion strengthen its market position. IndiGo’s stock has gained nearly 52% over the past year.
Oracle to provide cloud computing, AI services to Singapore military
Under the deal, the US firm will provide Singapore's armed forces and defense ministry with an "air-gapped" isolated cloud computing infrastructure - meaning that it will be cut off from the internet and connected instead to classified networks via encrypted devices.
Vodafone Idea in talks with Starlink, Amazon Kuiper for satcom partnership amid 5G push
Vodafone Idea is in discussions with global satcom firms like Starlink and Amazon Kuiper for potential partnerships. The telco is prioritizing 5G rollouts in major cities to curb subscriber loss, with plans to invest ?50,000-55,000 crore over the next three years.
Global scam calls surge in India as fraudsters exploit cheap international routes
Scammers are exploiting India's low international termination charges (ITC) to flood the country with spam calls via overseas networks. Local telcos, including Jio, Airtel, and Vi, have urged the telecom regulator to increase ITC rates to deter fraud. They argue higher charges would reduce phishing attempts and spam while boosting government revenue.
AI 'reshaping' organised crime, warns Europol
Artificial intelligence is turbocharging organised crime, from creating child sexual abuse images to money laundering via cryptocurrency, Europol warned Tuesday, with advances like quantum computing only poised to make things worse.
Singapore, India exploring pact on green digital shipping corridor
The green digital shipping corridor (GDSC) will link the Indian maritime sector to the global network through the Singapore maritime ecosystem, which has been rated as one of the largest shipping and marine trade hubs in the world, according to industry observers.
Nutrition brand Plix partners with GoKwik to boost online presence and increase repaid Orders
GoKwik uses technology and data-driven tools like KwikCheckout to help eCommerce brands grow by simplifying the checkout process. This not only improves the shopping experience but also increases profitability.
India's remote corners need satellite internet, Scindia says in boost to Musk
India is emphasizing the need for satellite internet to achieve comprehensive connectivity, particularly in rural areas. Telecom Minister Jyotiraditya Scindia highlighted its importance for connecting remote regions and in disaster scenarios. Global firms like Starlink and Amazon’s Project Kuiper are showing interest, but must meet security conditions and navigate regulatory licensing.
Starlink readies road for India’s strong connectivity
The satellite communication company owned by Elon Musk intends to establish three gateways — in Mumbai, Pune, and Indore — along with a point of presence in Mumbai to serve the Indian market.
Seeking makeover, law firms let branding take its course
Indian law firms are increasingly focusing on brand positioning due to evolving markets and potential foreign competition. Firms like DSK Legal and Juris Corp have revamped their logos and web identities. Modern designs and clear taglines are crucial, and a focus on workplace culture is becoming more prevalent as firms prepare to compete globally.
Goafest 2025 to be held from 21st to 23rd May
The Advertising Agencies Association of India (AAAI) and The Advertising Club announced Goafest’s 18th edition, set for May 2025 in Goa. With the new 'Goafest Village' concept and the theme 'Ignite ____', industry leaders will discuss innovation and creativity. Featuring the ABBY Awards, the festival aims to elevate the advertising and media sector.
Noise outlines international expansion starting with GCC region
The GCC region is home to one of the world's youngest and most tech-savvy populations, with over 50% under the age of 25. "This strategic move aligns with the brand's vision of democratising meaningful technology and making India's best-in-class innovation accessible to consumers worldwide," the release said.
5% of population, yet over 50% of Indian billionaires: Stock company founder highlights India's most successful business community
108 out of 191 billionaires in India come from Gujarat. Gujarat contributes significantly to India's GDP and exports, driven by a strong entrepreneurial culture. Known for taking risks and valuing business over jobs, Gujaratis dominate various industries worldwide. Their success is attributed to generational wisdom, business acumen, and extensive networks.
Delhi Metro to carry cargo in last coach during non-peak hours
Delhi Metro will transport cargo packages across Delhi-NCR during non-peak hours. This will be in partnership with Blue Dart. The initiative aims to reduce road congestion and vehicular emissions. It utilises spare capacity in metro trains for faster, reliable delivery. DMRC will use its resources to create a sustainable urban freight network, enhancing supply chain efficiency.
Stocks in news: Dr Reddy’s, Shilpa Medicare, Voltas, TCS, Tata Motors
Domestic markets closed slightly lower last week amid mixed global cues. Shares of Dr Reddy’s, Shilpa Medicare, and Tata Motors will be in focus today due to major developments. GR Infraprojects emerged as the selected bidder for an NHAI project worth Rs 4,263 crore.
"No matter what the world does with AI, it'll remain incomplete without India": PM Modi on Lex Fridman podcast
Prime Minister Narendra Modi stated that AI development is essentially a collaborative process, where everyone involved supports each other through shared knowledge and experiences. He also stressed that India is not just focused on theoretical AI models but is actively developing AI applications for specificl use cases, while ensuring that GPU access is available to all.
Voice of America hit by Bloody Saturday purge as US-funded networks face massive job cuts; over 1000 employees affected
The Voice of America, designed to model independent journalism and share American values, now faces an uncertain future.
Starlink's satellite broadband poses limited threat to Indian telcos: Report
Starlink's satellite broadband services won't significantly challenge Indian telecom leaders Jio and Bharti Airtel due to their competitive pricing, higher speeds, and unlimited data offerings. Starlink's service is more suited to expanding internet access in remote regions. Collaboration with Indian telcos focuses on distribution, with Jio and Bharti aiming to reach underserved areas.
Unchanged global climate policies will cost India 19% and world 15% of GDP by 2050: Sabine Mauderer, Chair, NGFS
India stands to gain significantly from the global shift to net zero emissions, but if climate policies fall short, economic and financial risks will rise. Central banks are discussing the impact of climate change and its risks, emphasising the need for ongoing analysis and action.
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