In a significant push to popularise cricket in the US, a $120 million funding has been secured from prominent Indian-American business leaders, including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, to launch the first professional T20 league in the US. Major League Cricket (MLC), the first professional Twenty20 Cricket League in the US, announced Thursday that it has completed an initial close of a $44 million Series A and A1 Fundraising Round led by a group of America's leading business leaders. It said that with an additional commitment of $76 million in further fundraising over the next 12 months in place, MLC plans to deploy more than $120 million to launch the country's first-ever professional T20 league.
Anandan, also an investor in multiple start-ups, is slated to join venture fund Sequoia Capital.
Reliance Jio, together with partners, has tested its 5G solutions in India, successfully demonstrating speeds of over 1 GBPS, and its 'Made in India' solution is "globally competitive", RIL chairman Mukesh Ambani said on Thursday. Ambani also exuded confidence that the company will be the first to launch full-fledged 5G services in the country. Jio is not just working to make India '2G-mukt' (free from 2G) but also '5G-yukt' (5G empowered), he added. Jio's engineers have developed a 100 per cent home-grown and comprehensive 5G solution that is fully cloud native, software defined, and digitally managed.
Later, he joined Ericsson India where he handled corporate affairs and communication.
E-commerce is awash in money, raising concerns about whether this is just another unsustainable internet trend headed for a bust.
The IPL franchises are now expanding their bouquet of teams across leagues in the West Indies, UAE, South Africa and now the US is another untapped market that wasn't explored despite the Asian diaspora craving for some cricket.
Hiranandnani's new venture is well-timed, but it will face heavy competition from both international majors and domestic peers like Adani Group.
The idea that technology and startups with newer business models will not disrupt traditional businesses has been thrown out the window.
National artificial intelligence unit stuck for lack of anchor department
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
Starting a new business is always exciting.
172 firms participated in the final placement process.
India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.
Their startup investments number 13 so far, compared to 17 deals in 2020.
With Awfis, a quirky co-working venture, and other offbeat ideas, Radha Kapoor, the daughter of the Yes Bank CEO, is taking the creative route to entrepreneurship.
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.
Amazon, Google, Apple and Facebook are both a boon and a bane for angel investors, VCs as well as start-ups. If the Big Tech companies get broken up and their powers to acquire get significantly curbed therefore, the whole ecosystem will need to change, says Prosenjit Datta.
Nearly 150 companies visited the campus this year.
Fadnavis had a series of very productive meetings with American CEOs
A dip in 'dream job' applications could also mean that students are bagging their desired offers in the first go itself.
Most Indian IT firms work as system integrators for Huawei and though the exposure is very less as of now, the potential is more due to 5G roll out. As pressure to keep the Chinese firm out of the 5G network grows, other global firms, including Japan's NEC, South Korea's Samsung, Finland's Nokia and Sweden's Ericssion are increasing their investments to grab more market share in the telecom sector.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Tata Consultancy Services, India's largest software exporter, will embark on a massive brand building exercise, starting early next fiscal and said it expects its joint venture subsidiary with Microsoft in China to be operational by June this year.
For the traditionalists, wars on Twitter and Facebook smack of immaturity.
NITI Aayog had been asking for Rs 7,500 crore for three years to set up an AI framework.
Nasscom's current president Som Mittal's term expires in January. However, Chandrasekhar, expecting to get the necessary approvals from the government soon, will start work from next month to get familiar with the organisation.
'People are more interested in India now than ever before.'
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
Few top honchos of India Inc did very well in 2014.
Apple CEO landed in Kanpur for IPL match as jet to Vizag was late; he also got to see Lucknow
A number of Xooglers are employing lessons and practices learnt during their stint at Google to branch out into innovative ventures.
America Inc tells Aziz Haniffa that Microsoft's new CEO validates what business leaders have long known - 'We need more Satyas travelling to the US'.
Foxconn is the world's largest contract manufacturer for electronic goods and makes iPhones for Apple and smartphones for its Chinese rival Xiaomi.
Reliance has significant investments in telecom, consumer retail and media businesses in India.
There will be a huge market for healthcare professionals, data and security experts and digital marketers, says Navneet Singh, founder, Avsar HR Services.
Five Indian-Americans have been named among the 400 richest people in the US by Forbes, a list topped by Microsoft co-founder Bill Gates for the 21st year in a row with a net worth of $81 billion.
Like the other platforms, the Clubhouse will have more users in India than anywhere else because of the interest we have in knowing what others are doing and in letting others know about our activities, predicts T P Sreenivasan.
.jpg)
Some experts believe that building new cities may not be the answer to India's swelling urban population.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances