Fintech firm MobiKwik on Monday filed a draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). According to its DRHP, the company plans to raise Rs 1,900 crore, which includes a fresh issue of Rs 1,500 crore and an offer for sale of Rs 400 crore. The selling shareholders include American Express Travel, Bajaj Finance, Cisco Systems and Sequoia Capital India, besides founder Bipin Preet Singh. MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday.
Lenovo announced on Thursday the launch of its first innovation centre in India in partnership with global giants like Intel, Microsoft, IBM and Cisco, which would focus on the development of new PC solutions.
One of Apple's suppliers, Salcomp, will invest Rs 2,000 crore over the next five years to make components at a Nokia plant in Chennai. The facility, which has been closed for nearly 10 years, will be revived and made operational from March 2020.
Pence, in response to a question from Chambers, who is also the USISPF chairman, said that he truly believes that the relationship between the US and India, because much of the work that the corporate sector have done, and the work of President Donald Trump and Prime Minister Narendra Modi, has never been stronger.
Industry estimates peg the turnovers of MNCs like Dell, Intel, Microsoft and IBM at well over the half-billion dollar mark. Firms, like Cisco, are said to have crossed the billion-dollar mark in domestic sales in 2006-07, and for a player like HP India, it is estimated in excess of $2.5 billion.
OnePlus announces plans to make in India
Twitter has been in talks with India-born Padmasree Warrior among others.
Govt likely to make security clearance mandatory for telcos irrespective of equity holding before giving licences; DoT members to meet today.
According to a customer experience study by networking solutions provider Cisco, 88 per cent of the Indians surveyed are comfortable with interacting with their doctors virtually instead of meeting them in person.
'I told myself, I will be 23 next year. Why can't I be a billionaire too?'
Almost 90 per cent of companies that started their captive operations (set up to provide internal services and in some cases sell them to clients) in India in the last 18 months are operating with less than 300 people each.
Across the world, there are around 150 trials on 5G currently going on and India has lagged behind. The government has now formed a committee which will look exclusively at developing a model for conducting 5G field trials, reports Kiran Rathee.
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
'We have taken technology to the mandal and booth level.'
Cisco Chairman and CEO John Chambers -- giving presentation to Andhra pradesh Chief Minister Dr YS Rajashakher Reddy at Cisco headquaters in California on May 9.
'People are more interested in India now than ever before.'
Bharti Airtel chairman Sunil Mittal has expressed hope that the government and regulators will step in to ensure the sector remains a viable place for continued investments and asserted that the industry requires "long overdue" support to maintain its current 3+1 structure. In the latest annual report of Airtel, Mittal said as the sector's role in the economy becomes more pervasive, its challenges loom larger. Issues such as unsustainable pricing and low returns in a highly capital-intensive environment, coupled with legacy legal issues, "have extracted their toll", Mittal observed.
How many of these have you appeared for?
By 2010, there will be shortage of half a million professionals in India.
Of the 1,145 offers made this year, consulting firms made up 34 per cent, followed by banking, financial services and insurance, pharma/healthcare, IT/ITeS and FMCG/retail.
Modi government has pledged to lay 700,000 kms of broadband cable.
IIT Roorkee has so far seen the highest domestic salary rise Rs 80 lakh, up by a third from Rs 60 lakh last year.
"In a year dominated by political chaos and bluster, it was a rare brand of steady -- even quiet -- leadership that won the day in the business world. And no one epitomises that brand of obsessively results-driven, team-based leadership more than our new No. 1 Businessperson of the Year," Fortune said.
Data localisation, an overarching theme across recent government policy proposals, has been a thorny issue with industry
Vishnu Viswanath, 29, and Meenakshi Moorthy, 30, fell to their deaths from Taft Point in Yosemite National Park. They were identified on Monday as a married couple from India living in the United States.
Modi has accelerated efforts to make India the next driver in innovation, Sunder Pichai said.
Unique benefits, work-life balance, and fair share of profits were the top three areas where MNCs fared better over Indian companies
John Chambers, executive chairman of Cisco, can talk about new age technology, artificial intelligence and crickets - insects being used as super food - all in the same breath.
The prime minister said that a larger Indian economy has multiple benefits for the world
The secretary defence production wants to make India (currently the largest importer of weaponry) one of the world's top five defence manufacturers and a global leader in artificial intelligence and cyberspace.
As many as 14,000 runners from across 15 countries will be lining up to take part in a nearly month-long initiative to raise funds for coaches and support staff in various sports amid the COVID-19 pandemic, the organisers said on Thursday. Championed by celebrated national badminton coach Pullela Gopichand, and Arjuna Awardees Ashwini Nachappa and Malathi Holla, 'Run to the Moon' will conclude on July 21 to coincide with the 51st anniversary of man's first landing on the moon.
In the not too distant future, you could see 5G technology being used for functions such as remotely-performed robotic surgeries, mine equipment operated remotely or cars driven by someone sitting hundreds of miles away. While these ideas will certainly find application globally, the urgent need for them in India could spur swifter adoption here than elsewhere.
The presence of top American companies like Microsoft, Cisco and McKinsey in Bengaluru seem to be motivating terror groups to repeatedly target the IT city as it gives them instant publicity globally and acts to thwart foreign investment there.
'Mumbai turned me into a fighter, always hustling to keep up with the world.' 'Now, I hustle for the poor and the ones who don't have a voice because I feel they are poor for no fault of their own.'
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
All directors, key officials, and shareholder speakers will be visible and audible and thousands of shareholders, including those from the US, UK, Canada UAE, Japan, HongKong, Singapore, Malaysia, and Australia, will be able to post their questions and eVote on resolutions.
A good salary is important for the youngsters, but many of them would prefer a job that allows mobile connectivity to the workplace and provides social media freedom, a study has found.
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