Accel Atoms 4.0 applications now open, targets $500 bn `Bharat` consumer market, AI-focused pre-seed startups

Accel Atoms 4.0, the fourth cohort of the pre-seed scaling programme by Accel, is now open for applications till November 17, the global VC firm announced on Monday.  The current edition of the sector-themed programme focuses on two categories of pre-seed startups — those building for ‘Bharat’, and those building in or with Artificial Intelligence … Read more

Infosys to boost LIC`s digital transformation journey

 IT services major Infosys on Monday announced a collaboration with the Life Insurance Corporation (LIC) of India to further enhance its digital transformation.  As part of the collaboration, Infosys will spearhead LIC’s digital transformation initiative called DIVE (Digital Innovation and Value Enhancement), enabling the creation of the ‘NextGen Digital Platform’, which will focus on delivering … Read more

Rupee strengthens against US dollar on Monday

Indian rupee strengthened against the US dollar on Monday supported by weakening of the American currency in the overseas market and significant foreign fund inflows. Market participants are eagerly awaiting cues from the US Fed policy on September 18, with a rate cut all but certain. Foreign Portfolio Investors (FPIs) continued their bullish stance on … Read more

India sees healthy 8 pc increase in overall rainfall, positive for inflation outlook

India saw a healthy 8 per cent increase in overall rainfall above the long-term average (till September 13) as average retail prices of vegetables and milk cooled down, a report showed on Monday.  Cumulative weekly rainfall was 14 per cent above the long-term average (as of September 11). With overall sowing nearly completed, the focus … Read more

Jindal Steel doubles down on green hydrogen production in India

Jindal Steel and Power Ltd and Jindal Renewables on Monday announced a collaboration to implement India’s biggest investment in green hydrogen by a domestic steelmaker.  The companies signed an MoU towards decarbonisation and green energy leadership in the country’s steel industry. It outlines Jindal Steel’s plan to integrate green hydrogen into its direct reduced iron … Read more