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Startup booster: Wipro commits $200 mn to VC arm Wipro Ventures

Feb 26, 2025

Bengaluru, Feb 26 (IANS) IT major Wipro on Wednesday announced to commit $200 million to its venture arm, Wipro Ventures, in its latest round of funding.This is the fourth round of funding raised by Wipro Ventures since its inception 10 years ago, and is aimed at accelerating the company’s investments in early- to mid-stage startups.“Wipro Ventures…

Australia sets up $16 million fund to boost trade, investment ties with India

Feb 26, 2025

Canberra, Feb 26 (IANS) Australia on Wednesday launched a roadmap to strengthen and diversify its trade and investment ties with India, kicking off the exercise with an investment of $16 million in the Australia-India Trade and Investment…

Business

Committed to accelerate our ‘Make in India’ initiatives: Nothing’s Akis Evangelidis

Feb 26, 2025

New Delhi, Feb 26 (IANS) Highlighting the importance of India in its overall strategy, London-based technology company Nothing on Wednesday said they are committed to accelerate its ‘Make in India’ initiatives, as it announced the…

Business

NSE, Assam govt join hands to skill youth in BFSI sector

Feb 26, 2025

Mumbai, Feb 26 (IANS) The National Stock Exchange (NSE) and the Assam government on Wednesday signed a memorandum of understanding (MoU) to launch a student skilling programme in the banking, financial services and insurance (BFSI)…

Business

Choi expresses gratitude to Moroccan King over Hyundai Rotem’s $1.5 bn train deal

Feb 26, 2025

Seoul, Feb 26 (IANS) Acting President Choi Sang-mok has sent a letter to King Mohammed VI of Morocco, expressing gratitude after a South Korean company secured a major contract to supply advanced trains to the North African nation, Choi's…

Business

SpiceJet’s revenue nosedives 36 pc in Q3, losses deepen to Rs 441 crore in Q2

Feb 26, 2025

New Delhi, Feb 26 (IANS) Low-cost airline SpiceJet has reported a sharp decline (on-year) in its revenue in the October-December quarter (Q3 FY25) to Rs 1,178.7 crore from Rs 1,850.4 crore in a year-ago period (Q3 FY24).This decline came…

Business

Seoul shares end 2-day drop ahead of Nvidia earnings release

Feb 26, 2025

Seoul, Feb 26 (IANS) South Korean stocks snapped a two-session fall on Wednesday, driven by gains from bio and information technology (IT) stocks, ahead of a fourth-quarter earnings release from Nvidia this week. The local currency fell…

Business

Govt keen to promote shipbuilding in India: Piyush Goyal

Feb 26, 2025

New Delhi, Feb 26 (IANS) India offers a huge opportunity for the shipbuilding industry and the Government is looking at ways to promote the sector, Union Minister of Commerce and Industry Piyush Goyal said. "India has the advantage to…

Business

South Korea to highlight shipbuilding, energy cooperation in tariff negotiations with US

Feb 26, 2025

Seoul, Feb 26 (IANS) South Korea will stress the importance of bilateral cooperation in various industries, such as energy and shipbuilding, in negotiations with the United States on its new tariff plans, industry minister said on…

Business

Samsung, Hyundai team up to use private 5G network in car manufacturing

Feb 26, 2025

Seoul, Feb 26 (IANS) Samsung Electronics said on Wednesday it has joined hands with Hyundai Motor to integrate its fifth-generation (5G) private network solutions with the carmaker's advanced vehicle manufacturing facilities.The two…

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