Author: Irene Vyas

New Delhi: India has regained its position as the world’s fifth-largest stock market with a valuation of $3.31 trillion. After briefly being overtaken by France in January, India’s positive stock market performance propelled it back to the fifth spot. The Indian equity markets have been on a rally since March 28, driven by continued buying from foreign investors and improved macroeconomic conditions in the country. Both the Sensex and the Nifty have experienced significant gains of nearly 10%, while the BSE MidCap and SmallCap indices climbed around 15%. The BSE Bankex also saw an increase of almost 13%. Foreign investors have…

New Delhi: Zypp Electric, a startup electric mobility services provider, has ambitious plans for expansion, as stated by its CEO and Co-founder, Akash Gupta. The company aims to deploy 200,000 vehicles in its fleet over the next three years and estimates that it will need up to USD 300 million to support its growth. In addition to its current presence in Delhi-NCR and Bengaluru, Zypp Electric intends to extend its operations to other major cities such as Mumbai, Pune, and Hyderabad. By expanding into these cities, the company hopes to achieve a significant revenue increase from INR 125 crore last…

New Delhi: Bitcoin’s price surged to its highest level in over two weeks as investor sentiment received a boost from a deal on raising the US debt limit. The leading cryptocurrency saw a 3.2% increase on Monday, reaching $28,182 and hovering around its 50-day moving average. Other cryptocurrencies like Ether and Binance Coin also experienced gains. The debt-ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy contributed to improved risk appetite in global markets. However, the deal still needs to be swiftly approved by Congress to avoid a US default. Potential headwinds include the recent rise in Treasury…

New Delhi: Following the Indian government’s rejection of Tesla’s demand for import duty cuts, the renowned electric vehicle (EV) manufacturer, led by Elon Musk, had initially put its plans to enter the Indian market on hold in mid-2022. However, recent developments suggest a change in Tesla’s approach. Although specific details remain undisclosed, it is evident that Tesla has shifted its stance. The company has dropped its demand for an upfront reduction in import duties as a precondition to considering manufacturing in India. A team from Tesla, including supply chain executives from the United States, has visited India and held meetings…

Pune: Gera Developments, pioneers of the real estate business and the award-winning creators of premium residential and commercial projects in Pune, Goa, Bengaluru and California, has announced the appointment of Mr Gulzar Malhotra as its Chief Executive Officer. Gera Developments has hired a non-family CEO to successfully drive the company’s operations with a continued focus on customer centricity and to build on the other core values of trust, innovation and quality. This is a big move considering that the company is at an inflection point of witnessing exponential growth in the Pune realty market and transformational changes within the organisation.…

Jaipur: Startups Chaupal® is a comprehensive platform that offers integrated support for startups, guiding them from ideation to execution and funding. Over the past three years, they have collaborated with over 200 startups and hosted numerous events and workshops across India. With a robust network of global mentors and investors, they have been instrumental in fostering growth and success for early-stage founders. Expanding its reach beyond India, Startups Chaupal is now ready to venture into the South Asian market, aiming to establish a strong ecosystem for budding entrepreneurs. Mr Krishnamani Kannan, a seasoned serial entrepreneur and angel investor from Singapore,…

New Delhi: Skyflow, a data-privacy startup, has recently expanded its reach by offering data residency support in additional markets. The company aims to assist businesses in keeping specific data within defined borders, catering to the increasing need for compliance with regional data regulations. With the ever-growing importance of data privacy, companies must ensure that sensitive information, such as EU customer data, remains within the geographical boundaries it originated from. Initially, Skyflow emerged as a tool designed to help companies securely store personally identifying information (PII). Its robust API allows businesses to effectively handle privacy, encryption, and data-related challenges associated with…

New Delhi: Gautam Solar, ranked among India’s Top 10 Solar Panel manufacturers, signed a deal to add a 500 MW high-efficiency automatic solar module production line, now taking its total solar module manufacturing capacity to 1 GW. The leading player in the solar sector signed the deal with Jinchen, one of the world’s leaders in the field of high-efficiency solar cell and high-efficiency solar module manufacturing equipment. With this deal, the annual solar module production capacity of Gautam Solar will exponentially increase to 1 GW from its present production capacity of 500 MW. The deal was signed at SNEC, 16th…

New Delhi: PrepInsta, India’s number one and most visited website for placement preparation and a rising Ed-tech brand has announced a strategic partnership with 300+ colleges to offer its sought-after placement and upskilling courses. PrepInsta’s collaborative endeavours have attracted prominent academic institutions, with the top five colleges, namely GITAM, GTBIT, SNS, KL University, and KRGI. These esteemed colleges have recognized the value of PrepInsta’s courses in providing their students with a competitive edge in the job market. PrepInsta has established a prominent presence in several major cities, such as Bangalore, Coimbatore, Vishakhapatnam, Trichy, Mangalagiri (AP), and Indore, through its collaborative…

New Delhi: Adani Wilmar, an FMCG firm, has recently announced its entry into the whole wheat category through its brand, Fortune. This move positions Adani Wilmar as the sole national player in this category, offering premium wheat varieties to consumers in India. The company plans to provide a range of wheat options, including Sharbati, Poorna 1544, Lokwan, and MP Grade 1, which will initially be available in Delhi, Maharashtra, Madhya Pradesh, Gujarat, and Rajasthan. To ensure the highest quality, Fortune will source its wheat from specific locations renowned for producing superior wheat varieties. For example, Sehore in Madhya Pradesh is…