 "Cognizant reveals plans for a major tech hub in GIFT City, promising 2,000 jobs and boosting India’s financial technology landscape.")
Cognizant, a leading global technology firm, is set to open a new techfin centre in Gujarat International Finance Tec-City (GIFT City) in February 2025. This strategic hub will initially support 500 associates, with plans to increase its workforce to 2,000 within three years. The centre will focus on delivering advanced technology solutions for clients in ...
Union Home Minister Amit Shah criticized Congress president Mallikarjun Kharge’s recent comments about Prime Minister Narendra Modi, calling them “distasteful and disgraceful.” Kharge made these remarks during an election rally in Jammu and Kashmir, where he expressed his intention to outlive Modi politically, even after suffering a health scare. Shah condemned Kharge’s comment as a ...
 "India’s wealthiest surpasses trillion; household assets soar, driven by equity investments, revealing a shifting financial landscape.")
The wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion, as reported by Fortune India. Additionally, a report from Motilal Oswal reveals that household financial wealth has hit a record high of 115.9% of India’s GDP in the first quarter of FY25. Households have seen their gross financial assets rise ...
According to a recent report from the Reserve Bank of India’s September bulletin, non-banking financial companies (NBFCs) in the middle layer have the highest percentage of unsecured loans, holding 27.3% as of December 2023. This is closely followed by upper-layer NBFCs at 24.3%. Both categories saw a decrease in their respective shares from December 2022, ...
 "Tata Electronics partners with Taiwan’s PSMC to launch India’s first semiconductor Fab, transforming the nation’s tech landscape and job market.")
Tata Electronics, a subsidiary of Tata Sons, has announced a significant partnership with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) to establish India’s first semiconductor facility in Dholera, Gujarat. This venture will involve a massive investment of up to Rs 91,000 crore and aims to generate over 20,000 direct and indirect jobs. The facility is set ...
 "M2P Fintech secures Rs 850 crore funding, eyes expansion in Africa’s growing fintech landscape and strengthening operations in Asia.")
M2P Fintech, a banking infrastructure company, recently announced it has raised Rs 850 crore in its series D funding round, with a valuation exceeding Rs 6,550 crore. The round was led by Helios Investment Partners and included existing investor Flourish Ventures. The funds will support M2P’s operations in India and aid its expansion into Africa, ...
 "PhysicsWallah secures 0M funding, soaring to a .8 billion valuation, igniting hope in India’s struggling edtech landscape.")
PhysicsWallah, the renowned edtech unicorn founded by Alakh Pandey, has successfully raised $210 million in a recent funding round led by Hornbill Capital. This investment boosts the company’s valuation to an impressive $2.8 billion, a 2.5 times increase from its previous valuation of $1.1 billion. The latest funding comes at a challenging time for the ...
 "Physics Wallah secures 0 million in funding, skyrocketing its value to .8 billion, while aiming to transform India’s educational landscape.")
Physics Wallah, an EdTech company founded by Alakh Pandey and Prateek Mishra, has successfully raised $210 million in its Series B funding round, increasing its valuation to $2.8 billion. This funding, led by Hornbill Capital and supported by investors like Lightspeed Venture Partners, reflects confidence in Physics Wallah’s vision to democratize education in India. The ...
 "Morgan Stanley’s record 1.1 million square feet lease in Mumbai signifies a major shift in India’s commercial real estate landscape.")
Morgan Stanley has made a significant move in the Indian commercial real estate Market by leasing 1.1 million square feet of office space in Goregaon, Mumbai. This nearly 10-year lease, valued at over Rs 2,122 crore, is one of the largest office deals in India for 2024. The bank has rented 16 floors of the ...
A recent working paper by the Economic Advisory Council to the Prime Minister highlights the impact of economic liberalization since the 1990s on various Indian states. Gujarat, Haryana, Karnataka, Tamil Nadu, and Delhi have seen significant increases in their share of the national GDP from 1990-91 to 2023-24. In contrast, Maharashtra’s GDP share declined from ...
