Wipro Scores Big With New Deal To Design Intel Chips
In a historic deal, India’s IT services firm, Wipro has been outsourced to design and manufacture Intel chips. In this deal, Wipro engineers will work on the latest offering by Intel, the 18A chip node, which will then be used in bleeding-edge consumer electronic devices from next year. Although the size of the deal is…
Vipin
Risks Unchecked, Paytm Stumbles
In a significant move against Paytm Payments Bank (PPBL), the Reserve Bank of India (RBI) has instructed the bank to cease accepting deposits or top-ups in any customer accounts, wallets, FASTags, and other instruments after March 15. On January 31, 2024, the RBI directed Paytm to halt the acceptance of deposits or top-ups in any…
Himanshu
Indian Diesel Exports Are Diverted From Europe To Asia
Shipments of Indian diesel to Europe have decreased significantly and now are at the lowest in the last 2 years. The presence of Houthi pirates in the Red Sea is disrupting international trade and the turmoil has forced ships to take new and longer routes, which drives the freight costs higher. According to data given…
Shipra Prajapati
Kotak Mahindra Bank Reshuffle: New CFO, COO And More
One of India’s leading banks, Kotak Mahindra Bank, has announced that they will be making some big changes in their senior management starting from April 1st. The announcement was made by the current MD and CEO of Kotak Mahindra Bank, Ashok Vaswani. The long-time director and a veteran in the bank, KVS Manian will leave…
The Zeal to Grab the DealÂ
Amidst the nation’s startup revolution, Shark Tank India Season 3 is currently airing, embodying the essence of ‘Make In India’ by spotlighting young entrepreneurs from diverse backgrounds. This season pledges to showcase various entrepreneurs committed to advancing and revolutionising Made in India products, aiming to project India’s identity on the global stage. The show captures…
ABHYUDAYA MITTAL
Indian Rupee: Best Performing Currency In Asia in 2024
The Indian rupee has made history after being named the best-performing currency in Asia so far in 2024. After an extremely safe and stable 2023, the Indian rupee has started 2024 on a promising note. The Indian rupee appreciated by 0.1% in the first month of 2024. This comes as a surprise as most of…
Abdullah Ansari
Reliance Tops India’s Most Valuable Firms List Again
According to reports compiled by Axis Bank’s private banking unit Burgundy Private and Hurun India, Mukesh Ambani-led Reliance Industries has become the most valuable company in India with a Mcap(Market Cap) of Rs. 15.64 Trillion. The annual edition of Burgundy Private and Hurun 500 is curated based on the data from October 2022 and October…
Israeli Semiconductor Company To Produce Chips In India
In an attempt to capitalise on the $10 billion dollar incentives offered by the Indian government, Israeli semiconductor manufacturing company Tower Semiconductors has pledged to invest around $8 billion in India to build a chip-manufacturing facility. Semiconductor manufacturing and assembly has been the key area of focus in business for the Modi government and for…
Microsoft’s AI Initiative To Train 2 Million Indians
In this day and age, where AI is becoming more relevant, learning basic AI skills is a must. A big announcement was made by Microsoft where it pledges to train 2 million Indians in AI skills under its ADVANTAG(I)GE INDIA initiative. The programme intends to push AI transformation in India and empower the workforce with…
Will Paytm Be Able To Survive The Recent Crisis?
Paytm has been going through a tough time after RBI instructed Fintech to seize its Paytm payment bank services indefinitely. Paytm’s market value has dropped a whopping $2.5 billion in the last few days. Now, there are talks that the Central Bank of India might cancel the licence of Paytm Payment Bank after the March…
Aman Goyal