Indian IT Braces for Slowing Growth and Challenging Hiring Prospects
In a recent report, domestic rating agency Icra has projected a further deceleration in the revenue growth of Indian IT companies, which are already grappling with headwinds in the industry. The nearly USD 250 billion sector is expected to witness a slowdown to mid-single digits, placing significant pressure on the sector’s stability and prospects. The…
Yash Sharma
Telcos’ 25% Hike in SMS Tariffs: A Short-Sighted Move Hurting Global Firms
In a surprising move, telecommunications companies have recently announced a 25% increase in SMS tariffs for global giants like Amazon and Meta. This decision has sent shockwaves through the business community, raising concerns about the long-term implications for both the telecom industry and these multinational corporations. While telcos argue that the tariff hike is necessary…
Atomberg Raises $86M to Transform Indian Appliance Market
In a significant development for the Indian appliance market, Atomberg Technologies, a leading smart and energy-efficient fan manufacturer, has announced a successful Series C funding round. The funding, amounting to $86 million, was led by prominent investment firms Temasek and Steadview Capital. This significant injection of capital marks a turning point for Atomberg Technologies, setting…
Biden Strikes Debt Ceiling Deal, Easing Concerns of Catastrophic Default
In a significant development, U.S. President Joe Biden and House Speaker Kevin McCarthy have come to a mutual understanding on a budget agreement that entails the suspension of the $31.4 trillion debt ceiling until January 1, 2025. Biden expressed his satisfaction with the deal, emphasising that it safeguards the American people, removes the threat of…
Government Approves Elon Musk’s Neuralink Brain Chip
In a paradigm-shifting development, renowned entrepreneur and tech visionary Elon Musk has been granted official approval to proceed with the implementation of a cutting-edge computer chip in human brains. This groundbreaking project, known as Neuralink, aims to revolutionise the field of neuroscience and potentially reshape the future of human-computer interactions. Neuralink, a venture established by…
Impending Catastrophe: Impact of US Debt Default on Citizens
Nation Holds its Breath as Financial Chaos, Economic Turmoil, and Social Programs Hang in the Balance With the United States teetering on the edge of a potential debt default, the consequences for American citizens could be devastating. Experts are sounding the alarm, emphasising the dire implications that could reverberate across the nation as a result….
Government To Release Digital India Bill In June
The full-fledged draft of the Digital India Bill is expected to be released in the first week of June, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said in Mumbai on May 23. The legislation will regulate a wide gamut of digital services, including social media platforms, as the Central Government is planning…
Adani Group Stocks Rise By 19% After SC Panel’s Clean Chit
On Monday, Adani Group Share price surged after getting a clean chit from the SC panel in the stock manipulation alleged by the Hindenburg. It was the best session for the Adani Group when all its listed firms added around $10 billion to their market valuation. Four months after the Hindenburg report, it is the…
Withdrawal Of Highest Currency Note: Know The Impacts
The Reserve Bank of India (RBI) on Friday, May 19, declared that the ₹2000 note will be withdrawn from circulation but will continue to be legal tender. However, this is not a demonetisation exercise; instead, it will remain legal tender, and the people can deposit or exchange their ₹2000 notes until September 30, 2023. It…
Paytm Joined Hands With Credit Card Issuer SBI And NPCI
One97 Communication Limited, the parent of one of the most successful fintech Paytm, collaborated with two other companies, SBI Card and National Payments Corporation of India (NCPI), on Thursday to bring a new credit card to the market. The conglomerate calls it an initiative for the growth of inclusive digital-first financial services in India. During…
