MUMBAI HEADQUARTERS
IPL 2025 new rules: Impact players, two balls & saliva use, here's how Indian Premier League changes this year
As IPL 2025 approaches, the BCCI has introduced notable rule changes including the lifting of the saliva ban, the use of a second ball for night matches, the continuation of the Impact Player rule, and expanded DRS usage. These changes are set to enhance game dynamics starting this season, commencing on March 22.
ET MSME Awards 2024: Meet the nominees competing with their ‘innovative’ prowess
The Economictimes.com is back with ET MSME Awards 2024. The awards will honour the exceptional MSMEs in the country who are at the top of their game.
ET MSME Awards 2024: Meet the nominees vying for India’s Top Exporter of the Year Award
This category is aimed at recognising and honouring exporters in the manufacturing, services, and trading sectors.
Trump Organization forays into office properties development in India
The Trump Organization is entering the Indian office property market, partnering with Tribeca Developers for a commercial project in Pune. The Trump World Center Pune will include two 27-storey office towers and retail spaces, with a total investment of Rs 1,700 crore and revenue potential of Rs 2,500 crore.
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.
NSE plans to convert HQ into captive data center, secures land for new office
The National Stock Exchange (NSE) is converting its headquarters in Mumbai's Bandra-Kurla Complex (BKC) into a large data center. It will relocate to a newly allotted site in G Block. The new office, which will consolidate all operations, is expected to be completed in about three years.
China’s DeepSeek dive; RBI’s Scapia nod
China’s AI race has gotten the DeepSeek fillip, with its tech bigwigs now catching up. This and more in today’s ETtech Top 5.
TVS Motor-backed Ultraviolette Automotive to list in FY27
Ola Electric, which listed on the bourses in August last year, raised ?6,145 crore through its IPO. Hero MotoCorp-backed Ather Energy, which is scheduled to list next month, aims to raise $400 million (?3,474 crore) through the shares sale.
Why is the govt handing out $1 billion to content creators?
India's creator economy is booming, fueled by easier internet access. The government has introduced a $1 billion fund and Rs 391 crore for the Indian Institute of Creative Technology to boost the industry. The WAVES 2025 summit will further support content creators. This growth is vital for India's aspirations to be a prominent global content exporter.
Scoop: Uber in early discussions with EV ride-hailing startup BluSmart for a possible acquisition
Uber is in early talks to acquire BluSmart Mobility, boosting its electric cab presence in India. The move comes amid Gensol Engineering’s financial troubles, increasing competition and Uber’s strategic focus on the mobility sector. Uber has made significant investments locally, backing the likes of Mumbai-based Everest Fleet, which purchases vehicles and lists them on the Uber platform.
Companies go asset-light, put IT campuses on the block
India's companies are increasingly selling large IT campuses to optimize operational efficiency and embrace asset-light business models. Firms like Cognizant, Wipro, and DXC Technology have divested expansive properties, capitalizing on changing workforce trends and the rise of remote work, thus reducing real estate expenditures.
LTIMindtree creates new global AI services role for COO Nachiket Deshpande in new organisational structure
Nachiket Deshpande, also a whole-time director at LTIMindtree, will assume the role of president for global AI services, strategic deals, and partnerships at LTIMindtree, with immediate effect.
India’s data centre operational capacity to increase to 2,000-2,100 MW by March 2027
India's data centre capacity is projected to grow significantly, reaching 2,000-2,100 MW by March 2027, driven by increased internet usage, data localisation, and emerging technologies like AI. Major investments are expected, with Mumbai, Chennai, and Hyderabad being key locations. However, competition and pricing pressures may impact profitability, despite robust growth prospects and high demand.
Government unveils $1 billion fund for the creator economy ahead of WAVES 2025
The Indian government has initiated a $1 billion fund to support digital content creators, focusing on capital access, skill development, and global market integration. This initiative, announced at the WAVES 2025 summit, underscores India’s commitment to advancing its media and entertainment sector.
When Anand Mahindra swapped travel stories with Canada's new PM, Mark Carney, over lunch
Anand Mahindra reminisces about his 2017 meeting with Canada's Prime Minister-designate Mark Carney, known for his intelligence and pragmatism. As Carney transitions from central banking to politics, he faces challenges like strained US-Canada trade relations. Mahindra expresses confidence in Carney's leadership despite facing significant obstacles in today's complex global environment.
Ananta Capital Significant strategic investment in D2C sneaker brand, Bacca Bucci
Ananta Capital, backed by Mumbai's Taparia family, has invested in Bacca Bucci, a fast-growing Indian sneaker brand founded in 2013. This strategic investment aims to drive product innovation, expand digital and offline presence, and support global growth. The investment aligns with Bacca Bucci's vision of making high-quality, trendy sneakers accessible to a broader audience.
Bizongo elevates Prahlad Krishnamurthi as CEO; raises USD 4.5 mn in funding
Bizongo has promoted Prahlad Krishnamurthi as the new CEO and raised USD 4.5 million in funding. This investment will support the company's goals of scaling operations and achieving profitability by FY26. The firm focuses on raw material procurement and distribution, operating offices in Bangalore, Mumbai, and Delhi.
Uber ties up with Refex Green Mobility to deploy 1,000 EVs by 2026
Uber has partnered with Refex Green Mobility to deploy 1,000 electric vehicles by 2026 in key Indian cities, supporting its goal for 100% emission-free rides by 2040. The initiative will introduce electric four-wheelers in Chennai, Hyderabad, Bengaluru, and Mumbai. This step aims to reduce urban carbon emissions and contribute to India's sustainability objectives.
Lupin shares rise nearly 3% on launch of Rivaroxaban Tablets USP, in the US
Lupin's shares increased by 21.51% over the past year. However, year-to-date (YTD), the stock has decreased by 14.21%. Over the last six months, the price fell by 10.12%, while in the past three months, it dropped by 4.86%. In the last month, the price declined by 7.76%.
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