Nandan Nilekani, co-founder and chairman of Infosys and the founding chairman of UIDAI, has donated Rs 315 crore to the Indian Institute of Technology (IIT) Bombay.
Posts tagged Rediff
Can Maruti Jimny Compete With The Thar? (20-06-2023)
Jimny will be priced between Rs 12.7 lakh and Rs 15.05 lakh.
How India Plans To Become A Semiconductor Giant (20-06-2023)
Micron plans an assembly testing, marking and packaging project of $1 billion, and talks are on to set up a memory chip plant for captive requirements.
Will Dream Run For Banks Continue? (20-06-2023)
It won’t be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay.
Will Dream Run For Banks Continue? (20-06-2023)
It won’t be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay.
IndiGo places firm order for 500 planes with Airbus (19-06-2023)
No-frills airline IndiGo on Monday announced placing a firm order for 500 A320 family planes with European aviation major Airbus at the Paris Air Show. This is the largest ever aircraft order placed by any airline with Airbus, IndiGo said in a statement. Financial details of the order were not disclosed.
IndiGo places firm order for 500 planes with Airbus (19-06-2023)
No-frills airline IndiGo on Monday announced placing a firm order for 500 A320 family planes with European aviation major Airbus at the Paris Air Show. This is the largest ever aircraft order placed by any airline with Airbus, IndiGo said in a statement. Financial details of the order were not disclosed.
PE/VCs investment in India falls 44% to $3.5 bn (19-06-2023)
Private equity and venture capital funds’ investment in the country continued to fall in May, with the overall values declining by nearly 44 per cent to $3.5 billion, a report said on Monday. The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively, as per the report by industry lobby IVCA and consultancy firm EY. “Despite a recovery of sorts being seen in tech sector indices and some of the large global tech names, sentiment in India for tech sector investments has been lacklustre, and fundraising by Indian startups has been sluggish,” the firm’s partner Vivek Soni said.
PE/VCs investment in India falls 44% to $3.5 bn (19-06-2023)
Private equity and venture capital funds’ investment in the country continued to fall in May, with the overall values declining by nearly 44 per cent to $3.5 billion, a report said on Monday. The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively, as per the report by industry lobby IVCA and consultancy firm EY. “Despite a recovery of sorts being seen in tech sector indices and some of the large global tech names, sentiment in India for tech sector investments has been lacklustre, and fundraising by Indian startups has been sluggish,” the firm’s partner Vivek Soni said.
How Rs 2,000 note withdrawal can boost Indian economy (19-06-2023)
The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday. The real GDP growth for the first quarter of FY24 will come at 8.1 per cent with an upward bias and the Reserve Bank of India’s 6.5 per cent estimate can also be exceeded, economists at the country’s largest lender SBI said. “We expect Q1 FY24 GDP growth at 8.1 per cent with an upward bias due to the impact of Rs 2000 note withdrawal event…this reinforces our projection that FY24 GDP could be higher than 6.5 per cent, basis the RBI estimate,” a note said.