BUSINESS
India Inc sees only 89 deals worth $1.8bn in Feb; down 54% from last year
"US economic data has been pointing towards a slowdown; however, the recession is not confirmed yet. China has seen an accelerated reopening, and that has provided a boost to the commodity market," said Shanthi Vijetha, Partner-Growth at Grant Thornton Bharat.
Noida airport's 1 runway, terminal likely to be operational by 2024
Delivering the look and feel of a haveli, a courtyard will allow fresh air and sunlight into the terminal building. Inspired by the important rivers of the region, a white, translucent, wavy roof will give the effect of a flowing river. The passenger terminal will feature intricate ornamental lattice screens, inspired by Indian architecture. Noida International Airport will showcase a grand entry to the state of Uttar Pradesh.
TheGreenBillions eyeing Australia for its first overseas expansion in green hydrogen & sustainable energy solutions
The company has announced its collaboration with the India Australia Strategic Alliance (IASA), an Industry body for the Australian and Indian Business communities, which will provide TheGreenBillions with the platform, resources and guidelines to effectively and efficiently conduct trade.
General Motors may bring ChatGPT-like digital assistant for cars
According to Semafor, citing sources, the voice-activated chatbot will be powered by Microsoft's Azure cloud service, which owns the OpenAI tech that powers ChatGPT. In addition, Scott Miller, GM's vice president of software-defined vehicle and operating system, confirmed that the company is developing an artificial intelligence assistant in order to go beyond current voice commands.
Asian markets fall amid SVB fallout fears
Japan's Nikkei 225 tumbled 2.19 per cent to post its third straight day of declines. Hong Kong's Hang Seng briefly dropped 2.5 per cent, before trimming losses in the afternoon. Korea's Kospi lost almost 3 per cent. China's Shanghai Composite shed 0.65 per cent, CNN reported. Banks were the hardest hit sector across the region, CNN reported.
Indian Web3 industry to reach $1.1 bn by 2032: Report
In India, the market size of metaverse is $2.4 billion and it is expected to record a CAGR of 39.2 per cent from 2022-2030 to reach $33.9 billion by 2030, according to a white paper released at the 'Entrepreneur Web3 Summit' in Bengaluru. In India, the market size of Blockchain is expected to record a CAGR of 47.3 per cent, increasing from $0.28 billion in 2019 to reach $4.3 billion by 2025.
Life Mission case: Not worried if my name is discussed, says billionaire bizman Yusuff Ali
"It's quite common that when someone does something for the poor and weaker sections of the society, their names will be discussed and I am not going to be worried because of that," said Ali. His name came to the fore after the chat messages between Swapna Suresh and M.Sivasankar, the now jailed former principal secretary to Kerala Chief Minister Pinarayi Vijayan, got out.
'PM Modi govt laser focused to help you', Rajeev Chandrasekhar assures startups
Chandrasekhar discussed key issues related to the collapse of the Silicon Valley Bank (SVB) with startups and shared how the PM Modi government is "laser focused on ensuring that every startup navigates through this storm". "The Indian banking system is trusted and robust and startups must start using it," Chandrasekhar told them.
Govt focussed on semi conductor industry, says Ashwini Vaishnaw
"We are talking to all stakeholders in semi conductor industry. It's a new industry and an uphill task, but we are committed to do what is needed," he said. Addressing the scope for growth in the semiconductor industry, Vaishnaw said that a lot of interest has been shown by stakeholders in the sector, "We should see a vibrant semi-conductor industry in the next three to four years".
Two US bank failures not to impact banks in India, APAC: Moody's
Moody's said the impact of the two US banks going down will be limited in India and other financial institutions in the APAC region due to structural factors. Also, most APAC institutions are not exposed to the failed US banks, and only a handful of institutions has immaterial exposures. Finally, most institutions are not as susceptible to large losses from debt security holdings as Silicon Valley Bank was.
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