INDIA STACK
India's Rudram-1 Missile: How does it stack up against global competitors?
Rudram 1 Missile: India has successfully tested its first indigenous anti-radiation missile, the Rudram-1, developed by DRDO for the Indian Air Force. Integrated with Sukhoi-30MKI jets, it targets radiation sources with INS-GPS navigation and a Passive Homing Head, crucial for Suppression of Enemy Air Defence (SEAD). Compared globally, Rudram-1 enhances India's SEAD capabilities against adversaries like the US (AGM-88 HARM), Russia (Kh-58), UK (ALARM), China (FT-2000), Iran (Hormoz-2), and Brazil (MAR-1). This milestone strengthens India's defense against regional threats, showcasing its technological prowess and commitment to indigenous defense innovation.
Heat, humidity or hale: 'majboori' makes gig workers brave the elements
The weather extremities this summer can, of course, impact any and all. But for those whose daily bread depends on their job, there aren't many options. While companies like Swiggy, Zomato and others made some efforts to relieve their delivery partners of the heat to some extent by offering them refreshments, and resting areas according to the gig workers they weren't very helpful.
India needs to build its own EV paradigm, products, and core technology in the EV stack: Bhavish Aggarwal, Ola
This is the start of the EV penetration. India is the world's largest two-wheeler market. 20 million two-wheelers are sold a year. Over time, EV penetration will grow to a much larger percentage in the overall industry and there is no single company that can achieve that full transition, says Bhavish Aggarwal,
Zomato launches platform to offer hiring, regulatory services to restaurants
Zomato's move comes a week after rival Swiggy launched a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative.
‘With Beckn-ONIX, users can build an open network in minutes’
A new open-source stack called Beckn-ONIX (Open Network in a Box) makes it possible to deploy and configure Beckn-enabled networks in just minutes. This virtual appliance simplifies deployment and configuration, accelerating the creation of open networks across various industries, from agriculture and energy to healthcare and ecommerce.
Genesys International set to launch its AI-powered maps
Genesys International is set to launch AI-powered navigation maps for the mobility markets, featuring a navigable road network in India covering 8.3 million kilometers and over 30 million points of interest.
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Abneesh Roy's top four stock picks for strong returns over next year
It is a coalition government and in the past we have seen that whenever that happens spends on the rural do increase. Please note that in the coming months, there are three-four key state elections also. So, we do expect that farm subsidy, farm support programmes will see a higher outlay rather than just a pure play capex, infra spends.
Ola is shifting its IT ops to Krutrim from AWS cloud
This comes two weeks after Ola founder Bhavish Aggarwal snapped ties with Microsoft Azure after LinkedIn deleted his post related to "pronoun illness" of western AI models. Experts, however, say that losing Ola as a customer for AWS and Microsoft is only a needle in the haystack.
India big market for Canva; looking to build local team there: CEO Melanie Perkins
India is the fifth largest market for Canva, which is bullish on the country's burgeoning creator economy, having doubled its growth between 2023 and 2022. Canva’s latest offering can help businesses create company-wide design templates for their brands, keep their intellectual property (IP) safe, and provide greater control over their visual products.
New PoS deployment grows at slowest pace since demonetisation: RBI data
Industry insiders told us that while new PoS terminals are still being deployed, it’s mostly in organised and large format retail, which offer all payment forms. However, grocery shops, smaller stores and eateries are tilting towards QR code-based UPI transactions.
Go Digit Insurance IPO: Retail portion fully booked even as overall demand remains steady on Day 1
Virat Kohli bought 2.66 lakh shares of the company for Rs 2 crore in 2020, while Anushka Sharma invested 50 lakh through a private placement. Currently, Go Digit IPO GMP is Rs 45, slightly lower than the previous week.
Go Digit IPO sails through on Day 3. Check GMP and other details
Go Digit General Insurance IPO saw oversubscription and strong retail investor interest. Backed by celebrity investors, the company plans to enhance capital with the IPO proceeds, focusing on growth and empowering distribution partners.
Go Digit Insurance IPO subscribed 79% on Day 2, retail portion booked 254%. Check GMP, other details
Go Digit Insurance's IPO was subscribed 79% on the second day of the bidding process. The retail portion was fully subscribed at 2.54 times, while the non-institutional investors' portion reached 0.73 times. Qualified institutional buyers' quota was subscribed 0.24 times.
Pine Labs ties up with largest bank in Dubai, set to offer payment solution
Emirates NBD will offer Pine Labs' newly launched credit issuing platform to deliver merchant acquiring solutions for its corporate and institutional clients, initially in the United Arab Emirates, then across the Kingdom of Saudi Arabia and Egypt.
UPI growth 2.0: Efforts on to crack DBT code
UPI user base has been hovering around 300 million for some time; RBI, banks are trying to push up this number.
Digit Insurance IPO's retail portion fully subscribed; key highlights of the offering
The retail portion of Digit Insurance's IPO was fully subscribed at 1.45pm. The company had reserved 9.6 million shares for retail investors in the issue that opened on Wednesday. The Rs 2,615-crore IPO comprises a fresh issue of Rs 1,125 crore and an offer for sale component of up to 54.7 million shares.
Virat Kohli-backed Go Digit IPO opens for subscription. Should you bid?
Go Digit Insurance IPO opens today and closes on May 17. The IPO includes a fresh equity issue of Rs 1,125 crore and an offer for sale of up to 5.47 crore shares. Virat Kohli and Anushka Sharma will retain their investments.
Go Digit Insurance IPO: GMP, price band among 10 things to know before subscribing to the issue
Go Digit Insurance IPO consists of fresh equity issue of Rs 1,125 crore and an OFS of up to 5.47 crore shares. While promoter Go Digit Infoworks will offload stakes, Virat Kohli and Anushka Sharma will continue to be investors. Its price band has been fixed Rs 258-278 apiece.
Fintech regulations to help those who follow rules: QED’s Nigel Morris
Nigel Morris, cofounder and managing partner at QED Investors, spoke to ET about the recent clampdown by India's central bank across various segments of new-age financial services, the funding environment, valuation of fintechs and more in an exclusive chat.
Zeta launches new stack for banks to power credit transactions on UPI
Zeta, led by Bhavin Turakhia, aims for $1 trillion UPI credit disbursals by 2030. The fintech startup launches a new tech stack for UPI transactions, targeting global break-even and strategic partnerships.
Developers spending more time firefighting issues than delivering innovation: Cisco survey
The pressure on developers to rapidly deliver new features is compounded by the constant need to assist SREs and IT operations in ensuring application performance and availability.
Brazilian payment company Ebanx set to start India operations with Yes Bank
Ebanx helps nearly 300 brands process payments in multiple countries across Latin America and Africa. It now wants to enter India, which will be its first market in Asia. It will offer payments infrastructure for global brands looking to sell to Indian consumers, who can use Ebanx to pay through the local currency and by using local payment methods.
Goa Lok Sabha election: Battle lines drawn; numbers stacked in favour of BJP
On the face of it, BJP seems to be comfortably placed in South Goa seat. After engineering the defection of eight of the 11 Congress MLAs soon after the 2022 assembly elections, BJP had effectively brought 15 of the 20 assembly segments under its sway. But beneath the veneer of high-decibel optimism, the party managers are concerned about the undercurrents of insecurity among “turncoat” MLAs, particularly those representing Christian dominated constituencies.
Tribe Capital’s new India investment vehicle to pump another $75 million in Shiprocket
Will back, build and buy out companies in India; focus is on investing in a small cohort of startups and own large stakes in them, says Arjun Sethi, cofounder, Tribe Capital. The Silicon Valley-based firm's umbrella entity in India will be co-owned by Sethi, Shiprocket cofounder Vishesh Khurana and Raj Snehil Juneja, who has been investing in Indian startups.
PayU's Wibmo building full-stack payment gateway solutions
PayU-owned Wibmo is emerging as a key offering for Naspers-backed PayU which is looking to venture deeper into business payments and enter newer markets.
Siemens very bullish on India, says global CEO Roland Busch
Siemens global CEO Roland Busch said that the Indian government is ‘doing the right things’ and improving infrastructure in areas like logistics and communication.
India Stack will be transformative for Indian credit ecosystem: William Lansing, Global CEO, Fico
"In India, due to the government's management of infrastructure, we'll quickly understand consumer behaviours that took other countries decades to grasp. This positions us to rapidly grow the consumer credit segment of the Indian economy."
Davos 2024: experts hail India's digital public infrastructure for reducing inequality
The panel comprised Sanjeev Sanyal (economic advisor to prime minister Narendra Modi), Phillip Weights (Swiss banking leader), Efi Pylarinou (Swiss fintech influencer) and Ashok Ranadive (Ex-Indian Navy, Ex-Google, entrepreneur and investor).
How can Indian companies go global with India Stack: digital public infrastructure experts weigh in
The Beckn protocol can be implemented by platforms, organisations and governments to create integrated digital networks across diverse sectors of e-commerce, mobility, energy, and manufacturing. It enables the creation of peer-to-peer decentralised networks for pan-sector economic transactions.
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