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'Some icons are living textbooks, teaching us about leadership, success, and legacy. Extraordinary yet human and approachable, they inspire and guide us.' 'India has lost a true son and champion.'
Finally, some good news for the Indian startup ecosystem. After four consecutive half-year periods of declining funding since 2022, the first half (H1) of 2024 has shown an upward trend compared to the second half (H2) of 2023. According to the India Tech Semi-Annual Funding Report H1 2024 by Tracxn, Indian technology (tech) startups raised $4.1 billion in H1 2024, marking a 4 per cent increase from $3.96 billion in H2 2023.
Finnish phone manufacturer Human Mobile Devices (HMD Global), which acquired the Nokia brand name from Microsoft, is planning to make India a key manufacturing hub for its phone exports. The company only began exporting late last year with the Nokia 105 Classic. What started mainly with feature phones will now extend to smartphones - it announced the global launch of models under the HMD brand for the first time a few days ago and these will be available in India too.
Venture Capital giant Sequoia India & Southeast Asia has rebranded itself to Peak VX Partners. The VC firm will now manage its assets under management (AUM) in the region of over $9.2 billion across 13 funds independently. The rebranding exercise followed Sequoia Capital's break-up into three independent entities across the globe. Besides Sequoia India & Southeast Asia, Sequoia China business has adopted the name HongShan in English (it will
Several technology companies are seeking to step up hiring from Tier-II and Tier-III cities of India in 2024 to tap into a vast talent pool of skilled professionals churned out by educational institutions and training centres in these regions. Tier-II and Tier-III cities such as Thiruvananthapuram, Kochi, Coimbatore, Jaipur, Mohali, Vadodara, Chandigarh, and Indore contribute around 12-15 per cent of the country's tech talent, hinting towards the strong talent availability in these regions, according to Randstad India, a talent management firm.
The pilot project for central bank digital currency (CBDC) in the retail segment went live on Thursday with the Reserve Bank of India (RBI) issuing Rs 1.71 crore to four participating banks based on their indents. The central bank has identified four banks for the first phase of the pilot - State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank - in four cities, Mumbai, New Delhi, Bengaluru and Bhubaneswar. The highest indent was received from one private sector bank.
Planemakers have started pitching their latest aircraft to a privatised Air India which has been acquired by salt-to-steel conglomerate Tata Sons. European aerospace major Airbus on Monday said that it is in talks with the airline to sell its long haul aircraft Airbus A350-900. The wide-body aircraft is capable of flying non-stop between India and United States- one of the most popular and revenue generating routes.
After years of being sequestered by the pandemic, some intrepid travellers are planning to settle their score with the novel coronavirus. With fewer or no travel curbs, they are eager to get back on the road, again. Hotels and tour operators, too, are eager to shed excess Covid baggage. And this year's Diwali promises to add that extra layer sparkle with the introduction of new flights.
The President and the Prime Minister led the tributes for Mangeshkar who spent close to a month in the hospital before her demise.
India's largest carrier IndiGo will cut 20 per cent of its flights due to lower demand as a rapidly spreading coronavirus upends the recovery of air travel. The airline was operating around 1,200 flights as on Saturday. Other airlines are being forced to cancel flights as states tighten restrictions to combat the spread of the virus, and people are dropping last-minute travel plans. Airlines carried 2,518 passengers on 260,251 flights on Saturday, compared to 2,794 passengers on 358,856 flights the day before.
Business executives are finally dusting off their long-unused suitcases to resume travel, thanks to a good vaccination rate, a drop in fresh cases, and an easing of travel restrictions. It comes as a huge relief for the ravaged aviation, travel and hospitality sectors. "We are witnessing a 40 per cent recovery on pre-covid volumes from our business travellers, signalling the return of corporate confidence in air travel," said Indiver Rastogi, president & group head, Global Business Travel, Thomas Cook (India) & SOTC.
The apex court has settled the long-pending dispute between companies such as Samsung, IBM, HP & others and the tax department.
Indian industry snubbed Google Play's decision to cut by half its commission for developers when they make $1 million in annual revenue for in-app purchases, saying the US tech giant may continue its "abrasive & monopolistic abuse" as it owns the Android system. Google Play said Tuesday that beginning July 1 it would slash its 30 per cent billing fee to 15 per cent for developers globally when they make the first $1 million of their annual revenue.
Apple's online launch is a symbol of success for FDI in single-brand retail, though there's no indication of how much the Silicon Valley major would invest in the country.
With demand drying up, hotels are surviving on quarantine centres and isolation facilities.
Sundram Fasteners is planning to grow the Chinese venture further expanding on its product range covering fasteners, bearing housings, machined castings.
Former India opener Gautam Gambhir on Sunday hit back at his favourite target former Pakistan captain Shahid Afridi for his latest jibe against India PM Narendra Modi and the Indian armed forces.
As the second wave of the pandemic ebbs and the daily caseload falls, the struggles of the urban poor have come into focus. Many have suffered income and job losses after two successive waves. The second wave, in particular, has seen the poor being hit hard on account of lack of medical and financial help. For the fast-moving consumer goods (FMCG) companies this has meant that an important segment is under severe distress.
Goa, Kerala, Maldives and Dubai are among the popular destinations.
With consumers staying indoors and e-commerce firms extending their reach to a larger number of pin codes, these giants have snatched a larger share from the offline traders this season.
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
It is not easy for an FMCG brand to make a comeback if it has been out of consumer's reckoning for some time. Moreover, a protracted battle between the owners and then closure of a large number of outlets at one go might have sent some very negative signals to many, says Sneha Bhattacharjee.
But it may come with a downside risk of further rise in prices of several products.
Smuggled gold, which is selling sharply lower than the spot market price, is also responsible for discounts not ending. Some consumers are selling high amounts of gold.
In a statement, the MEA said, "The latest brutal killings of our security personnel by Pakistan-based entities and the recent release of a series of 20 postage stamps by Pakistan glorifying a terrorist and terrorism confirm that Pakistan will not mend its ways."
Later, President Pranab Mukherjee hosted an 'At Home' at the Rashtrapati Bhavan where French President Francois Hollande was the chief guest.
It is learnt that the defence ministry is refusing to let go of its 100 MHz spectrum, which was allotted earlier. In that case, the department of telecommunications (DoT) will be left with only 175 MW of 5G spectrum of the total 300 MHz.
Former India cricketer Virender Sehwag is surely having a ball on social media. His tweets and comments on other social networking sites have been widely followed and liked by fans from the country. On Tuesday, Sehwag gave a witty reply to a tweet of none other than his former opening partner and batting idol Sachin Tendulkar.
The joint radio address of PM Modi and Obama will be broadcast at 8 pm on Tuesday.
IBM started using Watson last year in India in two of its key divisions, services and infrastructure, for the bulk of its 150,000 employees as part of its "predictive retention" programme.
On his arrival, Modi was warmly received by Qatar's Prime Minister Abdullah bin Nasser bin Khalifa Al Thani at the airport.
Uber, Puma, Nissan, Britannia have already lined up for the upcoming parade of cricketing nations, looking to align with the game and its legion of fans
In a landmark judgment, after months of deliberations, the Supreme Court on Thursday struck down the Section 377 of the Indian Penal Code, which criminalised homosexuality. A five-judge Constitution bench, headed by Chief Justice of India Dipak Misra and comprising Justices D Y Chandrachud, Rohinton Fali Nariman, A M Khanwilkar and Indu Malhotra in its verdict said, "Criminalising gay sex is irrational and indefensible." Following this historic judgment, reactions poured in on Twitter, celebrating the verdict. Here are some of them.
The monthly 'Mann ki Baat' radio broadcast of Prime Minister Narendra Modi this time will be special as he will be joined by US President Barack Obama.
Somali pirates are "shifting their location" towards India, but the country is watchful to deal with such threats, Defence Minister Manohar Parrikar said.
He said that distortion of historic facts will not be tolerated at any cost, which was well communicated to the film maker five-six months back in Mumabi.
A look at the top tweets from your favourite Bollywood celebrities.
A look at the top tweets from your favourite Bollywood celebrities.
From anti-profiteering to affixing stickers on existing stocks, FMCG companies are bracing for new set of GST challenges
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