NADAR
Not as $trong, but $till $ignificant
Recent reports suggest that Saudi Arabia has shifted away from the US dollar in its oil trade agreements, deviating from the petrodollar system. Though these reports lack concrete evidence, they stir speculation in the global financial system. BRICS nations have also signaled intentions to reduce their dependence on the dollar, advocating the use of local currencies in cross-border transactions among member states.
Ludhiana: Punjab Shiv Sena leader Sandeep Thapar brutally attacked with swords by Nihangs
Punjab Shiv Sena leader Sandeep Thapar, descendant of martyr Sukhdev Thapar, was attacked by Nihangs with swords outside Ludhiana Civil Hospital despite police protection. Rajiv Tandon, Shiv Sena Punjab President, reported Thapar was assaulted after attending a memorial function. Perpetrators fled; Thapar was hospitalized. Shiv Sena leaders protested at both hospitals, criticizing police response.
EV push in Budget to give fillip to warehousing & logistics sectors
The government's emphasis on electric vehicles (EVs) in the recent budget is expected to have a transformative impact on the country's industrial landscape. The push for EV manufacturing, charging infrastructure, and incentives aligns with the 'Make In India' program and aims to create a robust EV industry. This move is expected to not only reshape the automobile industry but also fuel demand for new storage, distribution, and logistics facilities. The intricate logistics involved in the EV supply chain will drive the need for strategically located and advanced warehouses to support the growing EV market.
Predictions for 2024: A $4 trillion economy, creative philanthropy and boost in capital expenditure
ET asked a galaxy of experts to make one prediction each for 2024, the early part of which will be dominated by the general elections. But it’s also a year when the Indian economy is set to cross the $4 trillion mark. Not too surprisingly, in our 24 Predictions For 2024, the most dominant theme was the impact of Artificial Intelligence on businesses and lives, but India’s economic potential figured as strongly.
AI can help turn a new chapter in philanthropy: Roshni Nadar Malhotra, Shiv Nadar Foundation
A significant focus needs to be on addressing climate-linked challenges faced by the underprivileged and affected communities across the world. On the one hand, philanthropists will need to work with multiple stakeholders including affected communities themselves to help co-create new economic and social opportunities that can help abate climate inequality.
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Every city deserves a university
A campus can be the placenta between cutting-edge technology and hi-tech startups. A swift survey of what universities can do for a town would be instructive. Even traditionally, just the presence of one or more universities in the vicinity could create vital business for a town. This is as true for Bologna in Italy as it is for Aligarh and Manipal in India.
HCLTech founder Shiv Nadar tops Hurun Philanthropy List 2023; donates over Rs 2,000 crore in FY23
Wipro founding chairman Azim Premji (78) and family came second with a donation of Rs 1,774 crore and the third spot was retained by Reliance Industries chairman Mukesh Ambani and family with a donation of Rs 376 crore.
Giving away Rs 5.6 cr a day, Shiv Nadar top donor in 2023 philanthropy rankings; total contributions surge 56%
Shiv Nadar, founder of HCL Tech, remains India's top philanthropist, donating Rs 2,042 crore in 2023. Azim Premji of Wipro follows with Rs 1,774 crore. Indian philanthropy surges, with 119 donors contributing Rs 8,445 crore, showing a 60% increase from last year. Education, art, culture, heritage, and healthcare were the preferred causes.
ET Startup Awards 2023: Jury will look for cash flow-generating businesses with a worldview
Building business models that generate cash flows and profitability, and create not for Bharat alone but also the world, are what the jury expects from the nominees.
Digital will enable cross-border collaboration on tech innovation and R&D: Roshni Nadar Malhotra
Speaking at a B20 panel on technology, innovation and R&D, she said, “One of the issues with global technology and skilling is that innovation is very specific to countries,” adding that the challenge is taking solutions to scale.
Office gross leasing to close at 40-45 mn sq ft in 2023; sturdy domestic economy weighs in: Colliers
India office sector is expected to close stronger at 40-45 million sq feet of gross leasing across the top 6 markets in 2023, perceptibly higher than predicted in Mar2023 driven by strong domestic demand, according to Colliers’ latest report “India office market – Changing winds.
Investor confidence remains high in India’s office market
India remains a preferred market for global investors for office investments driven by growth opportunities in tier 1 & tier 2 cities, attractive & stable yields and strong demand in established markets, Colliers said in its latest report.
ETtech interview | We need to own more product IPs, build distribution chops: Shiv Nadar
In an interview with ET’s Romita Majumdar & Surabhi Agarwal, Shiv Nadar spoke about what the Indian technology industry must do to strengthen its product capabilities, create a sustainable culture for startups and his philanthropic vision.
Bangalore's office space rental expected to increase with full operation of metro project: Report
The office space rental in the micro market of Whitefield, Bangalore, is expected to see an upward trend of 8-10% over the next two years, with the Baiyappanahalli-Whitefield metro project likely to be fully operational by mid-year, said Colliers.
Investment inflows in Indian realty rise 37%YoY in Q1 2023; Office continues to lead the rally
The office sector continued to drive the investment inflows accounting for 55% of the total inflows during the quarter, followed by the residential sector at 22% share. Investment inflows in the office sector rose by 41% YoY at $0.9 billion, led by select large deals.
Indian crypto investors cheer as prices climb up
Bitcoin's year-to-date gains in the January-April 4 period were 68.56%,at 5pm on Tuesday on Coinmarketcap. After commencing the year at around $16,000, it is currently trading at $28,280, marking its best quarterly performance in two years.
Mukesh Ambani regains Asia's richest person spot: Forbes
Despite declining demand for Covid-19 vaccines, India's vaccine king Cyrus Poonawalla -- whose portfolio includes listed financial services firm Poonawalla Fincorp as well as privately held vaccine giant Serum Institute of India -- held onto his spot as the country's fourth richest person, though his net worth fell 7 per cent from a year ago to USD 22.6 billion.
Deepak Tijori files complaint against 'Tipppsy' co-producer for cheating him of Rs 2.6 cr
The cops have started an investigation into the matter.
ET Lifetime Achievement Award: Shiv Nadar - Just doing IT is a way of life, as is starting up a new code of giving
As per the Hurun India Philanthropy List for 2022, billionaire Nadar’s annual donations stood at Rs 1,161 crore or roughly Rs 3 crore per day. With a net worth of $28 billion, he was positioned at 46 in the Hurun global rich list and fourth among Indian peers.
Ten aquapreneurs get 1.75 mn Swiss francs to tackle freshwater crisis
Access to water plays a critical role in food production, education, job creation, health and well-being and the preservation of the natural world and is vital to achieving the UN's 2030 sustainability agenda.
Institutional investments in Indian real estate's alternate asset classes hits new high of $0.9 billion
Investments into alternate assets, which saw a hike of 92% YoY in investments during 2022, has jumped more than 4-fold since 2019. Inflows have seen a sharp jump in 2022 as investors pumped in money into some of India’s emerging sectors like data centers, life sciences, etc.
Construction costs up 28% since pre-pandemic levels
The costs of key construction materials have jumped 32% in a span of three years, affecting margins and operational schedule of construction companies. The government’s efforts such as reducing exports and cutting import duties have kept raw material costs in check over the last few months.
Gautam Adani among 3 Indian billionaires on Forbes Asia Heroes of Philanthropy list
Adani's Rs 60,000 cr pledge when he turned 60 in June this year makes him one of India's most generous philanthropists, the press release said. The money will address healthcare, education, and skill development and will be channelled through the family's Adani Foundation, which was founded in 1996.
RBI authorises Tamilnad Mercantile Bank to undertake government business
TMB is one of the oldest private sector banks with a history of over 100 years, having been established in 1921 as Nadar Bank. The bank offers a wide range of services primarily to micro, small and medium enterprises, agricultural and retail customers.
Shraddha Walkar murder: Delhi cops record statements of two men who helped Shraddha after Aaftab's 2020 assault
As per the police official, Walkar had sought their assistance in 2020 after she was beaten up by Poonawala near Vasai, and the duo had helped her at the time. Giving details of these two witnesses, the official said one of them is a rickshaw driver and the other is currently unemployed. The four-member Delhi police team, which landed in Mumbai on Friday, had earlier recorded the statement of Shraddha's friend Laxman Nadar, the official said.
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