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Tag: India

BRICS Group Expands with Five New Members
News

BRICS Group Expands with Five New Members

2nd Jan, 2024, Moscow: The BRICS group, renowned as a pivotal platform for emerging markets and developing countries, has recently welcomed five new members. The inclusion of Egypt, Iran, Saudi Arabia, the United Arab Emirates, and Ethiopia strengthens the bloc's influence and marks a significant milestone. Originally established by Brazil, Russia, India, China, and South Africa, the BRICS group now encompasses a wider range of nations, reflecting its growing importance in the global landscape. The acceptance of these new members into the BRICS group comes after numerous membership requests in recent years, underscoring the increasing significance and influence of the bloc. The Johannesburg Summit in August 2023 extended a formal invitation to the five nations, recognizing their econom...
India Launched its 1st Green Hydrogen Bus
INDIA

India Launched its 1st Green Hydrogen Bus

New Delhi, 25th Sept 2023: In a significant step towards green mobility, India launched its 1st Hydrogen bus at Kartavya Path in Delhi. Running on Green Hydrogen fuel cell, produced using renewable energy, has the potential to play a key role in such low-carbon and self-reliant economic pathways. Green Hydrogen can enable utilization of domestically abundant renewable energy resources across regions, seasons, and sectors, feeding multiple usage streams, either as a fuel or as an industrial feedstock. It can directly replace fossil fuel derived feedstocks in petroleum refining, fertilizer production, steel manufacturing etc. Innovating Mobility: The Power of Fuel Cells Fuel cell technology is emerging as one of the important spokes in the e-mobility paradigm. Hydrogen can be ...
Funexch – Best Online Casino Platform in India to Earn Money
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Funexch – Best Online Casino Platform in India to Earn Money

Online casino have become increasingly popular in India over the years and there are some most popular casino websites for playing these games. Over the years in Funexch.com Best Online Casino Platform in India to Earn Real Money that can be played and earn money without the need for downloads or distractions. Their games are available on desktop, tablet, and mobile devices, making them accessible to players wherever they are. While the Bollywood superstar Arjun Rampal become the brand ambassador of Funexch Games, on the other hand they offer a curated selection of games that are sure to provide hours of entertainment. With their extensive selection of games and easy-to-use interfaces, these websites are perfect for players who want Play and Earn Money as well. Funexch The platfo...
India found 5.9 million tones of Lithium, Crucial for future growth
INDIA

India found 5.9 million tones of Lithium, Crucial for future growth

The Geological survey of India team found 5.9 million tones of lithium reserves in Jammu and Kashmir region of India, the total quantity of lithium found surpasses China. Lithium is a non-ferrous metal and is one of the key components for electric vehicle, mobile, laptop batteries etc. Lithium falls in the critical resource category which was not earlier available in India and were dependent for its 100 percent import. The G3 (advanced) study of the GSI shows the presence of best quality lithium in abundant quantity in the foothills of Mata Vaishno Devi shrine at Salal village (Reasi). The normal grade of lithium is 220 parts per million (PPM), the lithium found in J&K is of 500 ppm-plus grading, and with a stockpile of 5.9 million tons, India will surpass China in its availa...
India Can Beat Global Recession
INDIA

India Can Beat Global Recession

Even though the US and the Euro zone are headed to recession, 1.5 billion people country India is unlikely to face the impact given the "not so coupled" nature of its economy with the global economy. "Indian economy is a lot decoupled from the global economy than we normally think of, given its large domestic demand, even though you (India) are a net importer of energy. But you have enough forex reserves on one hand and your companies have managed to maintain healthy balance sheets," Paul F Gruenwald, S&P global chief economist and managing director said. In fact, India was never coupled fully with the global economy and so is relatively independent of global markets, he said, adding that a lot depends on how global fund flows behave if there is a recession in the US and Europe....
India needs 2 Million Cloud Engineers by 2025
INDIA

India needs 2 Million Cloud Engineers by 2025

India has the potential to become the world's second-largest cloud talent hub with the combined effort of government bodies, education and skilling organizations, and technology providers, IT industry body Nasscom said on Monday. Nasscom, in association with Draup, said in a report that India currently ranks third globally with an installed talent pool of 608,000 (FY2021) cloud professionals. "By 2025, India would have an estimated 1.4-1.5 million cloud professionals (baseline growth). However, with an estimated demand for over 2 million professionals by 2025, India could reach 1.7-1.8 million cloud talent pool with a fairly aggressive skilling roadmap," the report titled 'Cloud Skills: Powering India's Digital DNA' said. Tata Consultancy Services (TCS) and Accenture were strateg...
India beats Pandemic, created 53 Unicorns in 2021
INDIA

India beats Pandemic, created 53 Unicorns in 2021

Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said. During the second quarter, 160 funding deals were closed up 2% from the January-March period. "Q2 2021 has been impeccable for the start-up growth story. From being the most funded quarter, it has also added the most number of unicorns. Standing tall during the pandemic second wave headwinds, the Indian start-up ecosystem has shown strong resilience in this quarter," the report said. Funding raised in the June quarter was at $6.5 billion, up by 71% quarter-on-quarter. The biggest deal during the quarter was the $ 800 million fundraisings by food delivery platform Swiggy, followed by ShareChat ($502 million)...
Adani Green Energy to acquire SoftBank Energy India 5 GW Plant for USD 3.5 billion
ACQUISITION

Adani Green Energy to acquire SoftBank Energy India 5 GW Plant for USD 3.5 billion

AHMEDABAD, India, May 19, 2021-- Adani Green Energy Limited (AGEL) led by Gautam Adani has acquired 100% stakes in SB Energy India from Soft bank group (80%) and Bharti Group (20%). SB Energy India has a total renewable portfolio of 4,954 MW spread across four states in India. The transaction marks the largest acquisition in the renewable energy sector in India. The total deal valuation is approx USD 3.5 billion. The target portfolio consists large scale utility assets with 84% solar capacity (4,180 MW), 9% wind-solar hybrid capacity (450 MW) and 7% wind capacity (324 MW). The portfolio comprises of 1,400 MW operational solar power capacity and a further 3,554 MW is under construction. All projects have 25 year PPAs with sovereign rated counterparties such as Solar Energy Corporation o...
Zomato Files for $1.1 Billion IPO, Info Edge will gain $100 million
Market

Zomato Files for $1.1 Billion IPO, Info Edge will gain $100 million

Bengaluru, 04/28/2021: India-based food delivery company Zomato files for a $1.1 billion IPO, and through this IPO its initial investor Info Edge will earn $100 million (Rs 750 crore) in the initial public offering. In a regulatory filing, Zomato is proposing IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge (India) Ltd. On a fully converted and diluted basis, Info Edge's effective stake in Zomato stands at 18.4 per cent. "The Board of Directors of the Company today considered and have given their approval to the company to participate in the said Offer for Sale of up to a such number of shares of Zomato Ltd as would aggregate up to $1.1 billion (around 7500 crores)," it added. The terms and conditions of these...
Indian Fintech Companies Raises $2.7 billion in 2020
INDIA

Indian Fintech Companies Raises $2.7 billion in 2020

Mumbai, Feb 27th, 2020: Despite the pandemic-induced disruptions, venture capital funds pumped USD 2.7 billion into domestic fintech companies in 2020, the second-highest fund infusion into the sector since 2019 when it had peaked at USD 3.5 billion, according to a report. The biggest investments were into Bengaluru-based payments firm Navi Technologies at USD 397.9 million from angel funds, Noida-based Pine Labs attracted USD 300 million from private equity players, and Razorpay received USD 100 million from GIC of Singapore, Sequoia and others, making it a unicorn. As against this, global fintech investments stood at a whopping USD 105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India. Despite pandemic challenges...
How Does the Casino Industry in India Compare to Other Places on the Planet?
INDIA

How Does the Casino Industry in India Compare to Other Places on the Planet?

Gambling is becoming one of the fastest growing industries on the planet. It seems that every year more countries are climbing on board in legalizing the activity. This has resulted either out of a desire to curb illegal activity or to provide additional sources of revenue for the government. In some instances, it is a mixture of both. India has slowly warmed to the idea of gambling. While not legal across the entire country, there are regions within the nation where it is legal to gamble, either at a land-based facility or online. But how does that compare to other countries across the world? Online Growing Rapidly Like most countries who offer licenses for online casinos, India is seeing a rapid increase in the number of players signing up and playing at these sites. The ac...