India
McKinsey's Global Chief: India Poised to Become a Unifying Force on the World Stage
McKinsey's Global Managing Partner, Bob Sternfels, asserts India is poised to be a global unifying force. He highlights its youthful population, advanced digital infrastructure, and neutral diplomatic stance as key differentiators. This unique combination positions India to foster international cooperation, contribute immense human capital, and drive innovation on a massive scale.
Why India's Central Bank is Proactively Stimulating the Economy
Why is the RBI cutting rates when the economy looks good? It's a strategic move to address hidden household debt, boost private investment, and secure sustained, inclusive growth amidst global uncertainties. With inflation benign, the central bank is proactively injecting liquidity to alleviate financial stress and ensure India's economic resilience.
Sahi, Fintech Startup by Former Swiggy CTO, Secures $10.5 Million Led by Accel and Elevation Capital
Sahi, founded by ex-Swiggy CTO Dale Vaz, secured $10.5M from Accel & Elevation Capital. The fintech startup offers AI-driven, automated stock trading tools for retail investors, planning new no-code strategy builders. This funding supports product innovation and expansion, leveraging India's evolving retail trading market and new SEBI algo-trading rules.
Darwinbox Fuels Employee Wealth Creation with Substantial ₹86 Crore ESOP Buyback
Darwinbox, an AI-powered HR tech unicorn, has completed its third ESOP buyback, worth ₹86 crore ($10 million), benefiting over 350 employees globally. This reflects their commitment to wealth creation for team members who help build value. The buyback follows a $140 million funding round and highlights Darwinbox's focus on AI innovation and global growth.
GoKwik Secures $13 Million to Propel AI-First Ecommerce and Global Ambitions
GoKwik, an AI-first e-commerce enabler, has secured $13 million in growth funding led by RTP Global, bringing total funding to $68 million. The capital will fuel international expansion and AI R&D for its commerce stack, which helps over 10,000 brands tackle cart abandonment and RTO. GoKwik's solutions aim to optimize the entire e-commerce journey for brands globally.
SoftBank Shifts India Strategy: Eyes Buyout Deals to Fuel AI-Led IT & BPO Transformation
SoftBank is pivoting in India, aiming to acquire IT and BPO firms to inject them with AI. This marks a shift from its typical investment strategy, seeking direct control to drive AI integration and efficiency. This move aligns with Masayoshi Son's global AI vision, leveraging India's service sector to scale AI-powered solutions, despite the country's developing foundational AI model capabilities.
Powering Growth: How Increased R&D Spending Fuels the Small Business Engine
This news report details how increased R&D investment by small businesses is vital for economic prosperity in New Delhi and beyond. It highlights benefits like competitive advantage, attracting talent & investment, and broader economic growth, urging more focus on innovation for a thriving SME sector.
Ixigo Sees Major Stake Shift: Elevation Capital Exits with Stellar Returns, Schroder Steps In
Elevation Capital has made a profitable exit from Ixigo, selling shares worth ₹97.4 crore with a massive 25x return! Global investor Schroder International Selection Fund has simultaneously acquired a significant stake. This major transaction highlights strong investor confidence in the travel tech firm.
Innovation, Energy & Tech: PM Modi's Focus in Talks with Cypriot Business Leaders
PM Modi met Cypriot CEOs, emphasizing immense potential for India-Cyprus collaboration in innovation, energy, and technology. He highlighted India's growth and startup ecosystem, inviting Cypriot investment. The focus on these key sectors aims to deepen bilateral ties and unlock new avenues for mutual prosperity.
Databricks Intensifies Focus on India with $250 Million Investment for AI Innovation
Databricks is supercharging its India play with a $250M investment! This massive push will boost R&D, expand operations, and train 500,000 data & AI pros. Get ready for a huge surge in AI innovation from India, cementing its role as a global tech leader.
Fidelity Boosts Lenskart's Valuation to $6.1 Billion, Signaling Strong Pre-IPO Momentum
Fidelity has boosted Lenskart's valuation to a staggering $6.1 billion, a 21% jump! This significant mark-up signals strong investor confidence as the eyewear giant eyes a potential $1 billion IPO at a $10 billion valuation. Lenskart's financial performance is soaring, paving the way for a landmark public debut.
Uttar Pradesh Unveils Landmark GCC Policy: Aims to Become Global Office Hub, Generate Over 2 Lakh Jobs
Uttar Pradesh is set to become a global office powerhouse! The new GCC Policy offers massive incentives to attract multinational corporations, aiming to create 2 lakh+ jobs. Get ready for a monumental economic shift in UP, leveraging its talent and infrastructure to become a top destination for global capability centers.