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Posted in Economy

India’s June services growth slips to 17-month low as demand, hiring cool, PMI shows

India’s dominant services sector expanded at its slowest pace in 17 months in June as domestic demand weakened sharply and overall new business grew at…

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HCL Technologies (Representational Photo/REUTERS)
Posted in Business

HCLTech signs massive $1.14 billion deal with Europe-based Fortune Global 50 firm to develop AI model

Indian tech firm HCLTech has signed a major deal with a Europe-based Fortune Global 50 firm to establish an artificial intelligence model for the latter….

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India's economy remains on a strong growth path based on macroeconomic fundamentals, as per government officials (Representational/ Unsplash)
Posted in Business

India’s economy on sustained growth path: Government officials on financial resilience

India’s economy remains on a sustained growth path supported by strong macroeconomic fundamentals, government officials said. Ebbing external pressures from the West Asia conflict have…

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Cred’s angels, institutional investors score big in Meta deal
Posted in Startups

Cred’s angels, institutional investors score big in Meta deal

Meta’s purchase of shares worth nearly $400 million from Cred’s existing shareholders has delivered 7-20x returns to the fintech’s angel investors, and 3-16x gains to…

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STEM pool helps Amaravati host India's first IBM quantum system
Posted in Startups

STEM pool helps Amaravati host India’s first IBM quantum system

Amaravati will host one of the first two IBM quantum computers to be installed in India, with the system expected to be commissioned by September,…

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Skyroot lines up more rockets as Vikram-1 gets a launch window
Posted in Startups

Skyroot lines up more rockets as Vikram-1 gets a launch window

Even before the maiden flight of Vikram-1, Skyroot Aerospace is planning a second orbital launch later this year, as the spacetech unicorn looks to accelerate…

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Posted in Economy

India-UK trade pact sparks rush of export orders ahead of July 15 rollout

New Delhi: Indian exporters are seeing a sharp surge in orders from the United Kingdom ahead of the India-UK Comprehensive Economic and Trade Agreement (CETA)…

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RBI on Cryto
Posted in Economy

RBI backs crypto containment and keeps ban on table, officials tell house panel

New Delhi: Top officials of Reserve Bank of India (RBI), in a submission to a parliamentary panel, backed a containment strategy leaning towards prohibition, recommending…

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Posted in Economy

India-EU FTA legal scrub to end in 10-12 days, deal by Dec 31: Piyush Goyal

New Delhi: The legal scrubbing of India-EU free trade agreement (FTA) will be completed in the next 10-12 days, and the deal would be inked…

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Posted in Economy

Buffer stocks, imports to keep pulse prices steady

Prices of pulses are expected to remain stable until December despite concerns over below-normal rainfall and delays in kharif sowing, with ample government buffer stocks…

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