Indian tech startup ecosystem secures $7.6 bn in funding in 9 months, 6 new unicorns

India’s tech startup ecosystem secured $7.6 billion funding in the nine months this year, along with witnessing six new unicorns, a massive 500 per cent increase compared to just one unicorn in 2023, a report showed on Tuesday.  The initial public offering (IPO) numbers have surged, with 29 tech companies going public in 2024 (year … Read more

PM Narendra Modi`s vision around AI, chips to propel India towards Viksit Bharat: IBM`s Sandip Patel

The vision of Prime Minister Narendra Modi around frontier technologies like artificial intelligence (AI), semiconductors and quantum will propel the country towards becoming Viksit Bharat by 2047, Sandip Patel, MD, IBM India and South Asia, said on Tuesday. Speaking to IANS on the sidelines of the tech company’s event in the financial capital, Patel said … Read more

India`s biopharma sector key driver of bioeconomy

 The biopharma sector has emerged as a critical component of the country's bioeconomy, contributing to 49 per cent of India's biotechnology output, according to a report on Tuesday.   The report offers a comprehensive analysis of India's biopharma sector, showcasing its exponential growth and emergence as a major global player in bioeconomy. "India's biopharma sector … Read more

Indian economy projected to grow at 7.1 pc in FY25: Moody`s Analytics

The Indian economy is projected to grow faster at 7.1 per cent this fiscal (FY25), Moody’s Analytics said on Tuesday, as the country continues to remain resilient amid global uncertainties.  In its new Asia Pacific outlook, the global credit ratings kept the country’s growth forecast unchanged at 6.5 per cent for 2025 while projecting faster … Read more

Sensex may touch magical 1 lakh mark this year itself: Economists

With the Sensex surpassing 85,000 for the first time, economists said on Tuesday that the Indian Indices can even reach the historic 1-lakh mark this year itself, given the robust bull run, strong investors' sentiment and sound fundamentals.  Domestic equities crossed another milestone with Sensex crossing above 85,000 and Nifty crossing 26,000, reflecting robust buying … Read more

Gautam Adani, Bombardier CEO discuss `transformative partnerships` in aviation sector

Gautam Adani, Chairman of the Adani Group, has held a high-level meeting with Eric Martel, CEO of Bombardier, and deliberated on “transformative partnerships” in the aviation sector.   In a post on social media platform X, on Wednesday, Gautam Adani informed that they will aim to harness synergies for a stronger, self-reliant India. “Powering India's … Read more

India poised to be among fastest-growing economies till 2030: Goldman Sachs

 Driven by strong GDP growth and positive investor sentiment, India is poised to remain among the world's fastest growing economies until 2030, global brokerage Goldman Sachs has said.  The country’s earnings have started to stablise over the past few years, with “mid-teen profit growth momentum that might sustain until 2030,” Goldman Sachs said in a … Read more