AdaniConneX: $213M for Noida & Chennai Data Centers
AdaniConneX, a joint venture between Adani Enterprises (AEL) and EdgeConneX (ECX), has secured a senior debt facility of $213 million from international banks to expedite its plans for delivering essential digital infrastructure and constructing local data centres. The funds will be utilised to finance the ongoing development of AdaniConneX’s data centre portfolio, which amounts to…
Yash Sharma
RIL Receives RBI Approval to Retain Extra $2 Billion from Lenders
Reliance Industries Limited, India’s largest conglomerate, has been granted approval by the RBI to retain an additional $2 billion from its lenders. This move by the RBI comes as a significant boost to RIL’s financial flexibility and underscores the company’s strong position in the Indian market. The approval allows RIL to retain the surplus funds…
India’s Digital Revolution: RBI Aims For 1M CBDC Users
In a bold move towards advancing India’s digital transformation, the Reserve Bank of India (RBI) is setting its sights on reaching one million Central Bank Digital Currency (CBDC) users by the end of this month. The Deputy Governor of RBI, alongside other key officials, announced this ambitious target as part of their commitment to fostering…
Shipra Prajapati
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…
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…
Taking the Human Error Out of Supply Chain Planning
The supply chain is the backbone of every business operation. With the advent of time, the supply chain is becoming vigorous and more time-consuming. Since the supply chain is highly susceptible to risks, a small error in the manufacturing process becomes fatal for the entire process. In spite of all the vital planning, procedure, contingencies,…
Air India To Hire New Staff To Expand Its Operations
After placing an order for the largest-ever aircraft, Air India plans to hire new staff to expand its national and international operations. On Thursday, a report conveys that Air India is hiring more than 1000 pilots, including captains and trainers and 4,200 cabin crew trainees this year. Currently, Tata-owned Air India has more than 1,800…
Seetu kumar
India Expected To Witness GDP Growth By Virtue Of AI
According to a report titled “AI Adoption Index” by The National Association of Software and Services Companies (NASSCOM), the Indian economy may witness an addition of $500 Billion By 2025 to its GDP. This addition to the GDP is a result of the adoption of including artificial intelligence in economic functioning. “The pandemic has made…
Sunak Hails Air India’s Pact With Airbus & Rolls-Royce
British Prime Minister Rishi Sunak appreciated and recognised the landmark deal among Air India, Airbus and Rolls-Royce. This landmark deal will be a defining moment in the Indian aerospace sector, with Air India buying 250 jets per the agreement’s terms. The five-day Aero India 2023 witnessed this landmark deal between the three companies on 14…
John David
Microsoft Steps Up The AI Game: Revamps Bing And Edge
In the race to take a step ahead of the other competitors, Microsoft has planned on incorporating its major search engine, Bing and Edge, with new and improved AI technology. This step by the company may reap significant benefits and make it a cut above the rest in this growing field of artificial intelligence. Microsoft…
