Ericsson CEO discusses 5G adoption in India, use cases, and implications for investors and industries. Source and citation: Rathee, Kiran. “‘We see 5G Adoption Happening in India with New Use Cases’.” The Economic Times, 17 Apr. 2024. TLDR: Ericsson CEO Borje Ekholm says 5G demand slowdown in India was expected after rapid rollout New use […]
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Digiyatra app’s vendor accused of fraud; CEO denies data storage issues. Investor impact analysis included. Source and citation: Majumder, Arindam, and Suraksha P. “Digiyatra CEO Denies Storing Passenger Data.” The Economic Times, 17 Apr. 2024. TLDR: Digiyatra app aims to provide paperless airport check-in through facial recognition Vendor Dataevolve Solutions accused of defrauding Andhra Pradesh
India building domestic 250+ kmph bullet trains, plus industry & retail investor impact analysis. Source and citation: Mishra, Twesh. “Now, India Shooting for Home-Made Bullet Trains.” The Economic Times, 17 Apr. 2024. TLDR: India building home-made bullet trains exceeding 250 kmph Faster than current Indian trains, using Vande Bharat platform Designs being prepared at ICF
RBI drafts rules for PoS payment providers. Learn the impact on industries and investors. Source and citation: “RBI Moves to Regulate PoS Payment Players.” The Economic Times, 17 Apr. 2024. TLDR For This Article: RBI issued draft rules to regulate point-of-sale payment service providers (PA-P) Companies like Innoviti Payments, Pine Labs, and MSwipe will be
NIIF’s new $1B fund to support Indian PE and VC. Explore the impact on investors. Source and citation: Balakrishnan, Reghu. “NIIF Eyes $1b for 2nd Pvt Markets Fund.” The Economic Times, 17 Apr. 2024. TLDR For This Article: NIIF to raise $1 billion for its second Private Markets Fund (PMF-II) PMF-II will invest in India-focused
India may partner with Nvidia for AI growth. Explore the impact on industries and investors. Source and citation: Aryan, Aashish. “GPU Access: Govt may Chip in with Nvidia Deal.” The Economic Times, 17 Apr. 2024. TLDR For This Article: India may strike a deal with Nvidia to source GPUs at subsidized rates for AI development
IMF boosts India’s growth outlook. Learn the implications for investors, industries, and the economy. Source and citation: ET Bureau. “IMF Raises India Growth Forecast to 6.8% for FY25.” The Economic Times, 17 Apr. 2024. TLDR For This Article: IMF raised India’s growth forecast for FY25 to 6.8%, up from 6.5% India remains the world’s fastest
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IMF Raises India Growth Forecast to 6.8% for FY25 TLDR of the Article: The International Monetary Fund (IMF) has raised India’s growth forecast for the fiscal year 2024-25 (FY25) to 6.8%, up from the previous projection of 6.5% in January. This upward revision is based on the strength of India’s domestic economy. India remains the
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