NVIDIA CEO Jensen Huang and Reliance Industries Chairman Mukesh Ambani today announced a strategic partnership to build state-of-the-art AI infrastructure in India at the NVIDIA Summit in Mumbai “It is important that we design and build infrastructure so that to use AI our customers don’t have to change their phones or computers but they can … Read more
Billionaire Prem Watsa said India would be able to achieve the double-digit growth that it needs to transform itself into a developed nation with much of the groundwork having been done. “Ten per cent economic growth gets India ahead… (South) Korea did it for three decades, Japan, China also did it. There are a lot … Read more
Amid expectations of easing curbs on investment from China, finance minister Nirmala Sitharaman on Wednesday said government will maintain checks on FDI in the “national interest,” given the sensitivity in the region. “We want business, we want investments, but we also need some safeguards because India is located in a neighbourhood, which is very, very … Read more
Silver prices are somehow becoming a catalyst in giving US banks a massive scare of losses, that can mount to billions in terms of figures. The price surge, driven by a $1.84 per ounce jump, has put a few short positions in a major point of concern. Sources close to the matter estimate that the … Read more
Despite rising diplomatic tensions between India and Canada, Canadian pension funds have so far remained committed to investing in India. The primary sectors attracting Canadian pension funds include infrastructure, renewable energy, technology, and financial services. According to the National Investment Promotion & Facilitation Agency (Invest India), Canada ranks as the 18th-largest foreign investor in India, … Read more
Beauty and personal care conglomerate Good Glamm Group has completed the acquisition of Sirona Hygiene for Rs 450 crore (approximately $60 million) in an all-cash deal, marking one of the largest cash exits for a direct-to-consumer (D2C) startup in India, especially in the FemTech space. Co-founders Deep Bajaj and Mohit Bajaj had stepped down from … Read more
Under Ratan Tata’s leadership, the Tata Group transformed into a global powerhouse. (Image source: Tata.com) Ratan Naval Tata, a titan of industry who never sought the spotlight, passed away on Wednesday night at a Mumbai hospital at the age of 86. Despite his immense influence and control over more than 30 companies operating in … Read more
India will witness the steepest rise in living standards of the common man on the back of the government’s initiatives and the efforts towards doubling per capita income in few years, Finance Minister Nirmala Sitharaman said on Friday. Addressing the 3rd edition of the Kautilya Economic Conclave, the minister stressed that inequality in India has … Read more
Chinese scientists claimed to have cured a chronic type-1 diabetes patient using cell transplants in what was stated to be the first such case in the world. The patient, a 25-year-old woman who had the chronic condition for over a decade, was able to naturally regulate her blood sugar some two and half months after … Read more