US Fed rate cut to boost investment and business sentiment, all eyes on India

The softening of US Fed rate by 0.5 percentage point (50 bps) is a welcome step, given the strengthening US economy with stable inflation, industry analysts said on Thursday, as the focus turns to India which is the fastest-growing economy in the world.  After the rate cut decision, the US dollar turned higher, putting pressure … Read more

IIT Madras, Jodhpur, Infosys join global AI Alliance community

Reinforcing India's growing contribution to the global AI landscape, seven leading Indian organisations on Wednesday joined the AI Alliance — a global community dedicated to advancing safe and responsible AI through open innovation.  The seven organisations include AI4Bharat (IIT Madras), IIT Jodhpur, Infosys, KissanAI, People+AI, Sarvam AI, and Wadhwani AI. The companies are joined by … Read more

RE-Invest 2024: MoUs worth Rs 59,000 signed for 94,460 MW hydro projects

The"RE-Invest 2024" summit, organised by the Ministry of New and Renewable Energy, concluded here on Wednesday. The event, in which over 200 companies participated, witnessed the signing of MoUs worth Rs 59,000 crore for 94,460 MW pumped hydropower projects.  The summit focused on the crucial role of renewable energy in combating global warming and climate … Read more

Nazara raises Rs 900 crore, ups stake in Absolute Sports to 91 pc

Homegrown gaming and sports media company Nazara Technologies on Wednesday said it has raised Rs 900 crore as preferential equity issue to boost its growth trajectory.  The capital infusion will fuel strategic acquisitions, fund business expansion, and enhance the company’s ability to seize new growth opportunities, it said in a statement. Nazara also acquired an … Read more