In the month of September alone, the big IT players signed a total of 26 deals which also includes deals by domestic tech firms such as Infosys, Cognizant and Accenture.
AI startups are leveraging local talent, cost efficiency and regional diversity to drive innovation. ET decodes the how and why of this mushrooming trend. The e-learning segment is among the early adopters of GenAI and Kochi-based Mohammed Hisam understands that very well. The founder and CEO of Entri, a vernacular-language platform for job seekers, aims to bridge the skill gap among the regional workforce and AI assistance can unlock new opportunities, Hisam said.
Angel investors such as founders of Urban Company Abhiraj Bhal and Varun Khaitan, former Swiggy Instamart head Karthik Gurumurthy and others participated in the round. The funds will be used to expand operations and scale its delivery across Bengaluru, and later to other tier-1 cities.
Golden Sparrow Ventures, Lalit Keshre, CEO of Groww, and Abhishek Goyal, founder and CEO of Tracxn, also participated. The funds will be used to set up an ISO-certified manufacturing unit to commercialise nanorobotics-based medical devices for dental care applications and file new international patents.
Llama is a foundational technology of intelligence. You want to make sure it’s the most efficient, responsible, safe and high-performance. You can only do so much as one company and must do it together with everyone. The best way to do it is to be an open ecosystem.
Lenskart secured $200 million from Fidelity and Temasek at a $5 billion valuation in its previous secondary fundraise. Even during the funding drought of 2022-23, Lenskart had bagged investment from the likes of KKR and Abu Dhabi Investment Authority (ADIA), with a slew of big-ticket deals.
The slump has exposed pain points for multiple new-age beauty brands. Mamaearth posted a loss in its second quarter, even as its stock hit a 52-week low on Monday reacting to the weak results. The Gurugram-based brand, which is undergoing a restructuring of its offline supply chain, said it was clocking slower-than-expected growth and that it needed to recalibrate the strategy for its flagship brand to grow.
Issued under Regulation-S, the bonds will be listed on the Singapore Stock Exchange and the India International Exchange at GIFT City, with settlement scheduled for November 25, the lender said in a regulatory filing on Monday.
These entities include AI Growth and Texterity - owner and operator of altGraaf, Purple Petal Invest, which owns Tap Invest, and Berkelium Technologies, which operates Stable Investments.
"It is disheartening to see the nature of some of the complaints and the observations in our inspection reports," Das said. "There are instances where complaints are misclassified as customer queries. We also come across instances of rejected grievances not being escalated to the internal ombudsman of banks. I would like to urge the boards and their customer service committees to closely look into these aspects to ensure that banks have a genuine commitment to customer centricity."
Negotiations between Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India for a 50:50 joint venture have stalled due to disagreements on key issues. The companies had previously signed non-binding MoUs but are now unable to finalize crucial agreements. M&M, which has strengthened its position in the Indian market, may be reluctant to proceed if it must compromise on development costs and sourcing.
Currently, Singtel directly owns 9.5% in Bharti Airtel through its affiliate, Pastel Ltd, while the Sunil Mittal-led promoter family holds a 3.31% direct stake through Indian Continent Investment Ltd (ICIL), a promoter group entity. Industry executives said the exercise is part of Singtel’s plans to boost shareholder returns and increase returns on invested capital.
Of the last 10 IPOs, eight saw limited to little participation from high-net-worth individuals (HNIs). While the HNI portions were undersubscribed for Swiggy, Hyundai India, Niva Bupa Health and Godavari Biorefineries, another four barely managed single-digit subscriptions. This is a stark contrast to an average of 116 times HNI subscriptions in the preceding 10 IPOs.
RFK Jr. is considered one of the most popularly health conscious politicians in the United States. Latest pictures the dropped out presidential candidate was seen with Donald Trump, as they shared McDonald's and Coca Cola.
As the correction continues unabated, a divergence is emerging in what is happening to the Nifty and Sensex and what is happening in the entire large-cap space. There are pockets where a certain amount of relative outperformance is visible. While Reliance Industries might be under pressure, stocks like HDFC Bank – which too has high FPI holding – is able to keep its head above the water even on strongly bearish days. So, probably the broad-brush selling is over. Still, despite the recent correction, valuations are on the higher side. Читать дальше...
Uno Minda Ltd, an aerospace industry player, shows potential for a price surge. Experts suggest a buying opportunity for high-risk traders if the stock closes above Rs 1,050. This could lead to a target price of Rs 1,175-1,255 within the next four to six weeks. The stock, forming a Rounding Accumulation pattern, indicates a potential upward trend reversal.
Select stocks gain momentum even in volatile markets.
Elon Musk is now the center of discussion across the world, and Brazil's first lady has joined in the latest ranting phase against the Tesla CEO. Musk was although, quick to response to Janja Lula da Silva's comments, which is now making headlines across the world.