India's poverty level has fallen below 5%: NITI Aayog CEO

New Delhi (IANS) The latest household consumer expenditure survey indicates that India's poverty level has fallen below 5 per cent and people are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO B.V.R. Subrahmanyam said…

Aadhaar, Jan Dhan giving big push to digital India ecosystem: Instamojo's CEO

New Delhi (IANS) As the government rapidly adopts and moves forward in its digital journey, D2C (direct-to-consumer) tech company Instamojo's co-founder and CEO Sampad Swain on Sunday said that Aadhaar and Jan Dhan Yojana have given a big push…

Log9, Trinity Cleantech partner to build EV charging network in India

New Delhi (IANS) EV charging provider Log9 and EV company Trinity Cleantech on Saturday joined forces to establish a seamless interoperable charging network in the country.

Trinity will provide 2,000 public charging stations that will be deployed…

Democratisation of commerce-driven technology in India stands out, says global investment firm KKR

New Delhi (IANS) India’s e-commerce industry will look quite different, and more democratised, than what has unfolded in both the United States and China, said Henry H. McVey, Head of Global Macro & Asset Allocation, CIO, KKR.

This is suggested,…

Over 100 countries to participate in Bharat Tex 2024 in Delhi

New Delhi (IANS) Bharat Tex 2024, to be inaugurated by Prime Minister Narendra Modi on February 26, is set to be India’s largest global textile event with the participation of buyers from 100 countries and over 100 international speakers.

The…

Key Byju's shareholders vote to oust CEO, company calls resolutions 'invalid'

New Delhi (IANS) Key shareholders in Byju's like Prosus NV and Peak XV Partners on Friday voted to oust Byju Raveendran as CEO at the extraordinary general meeting (EGM), saying that the stakeholders "unanimously passed all resolutions put forward…

India's biz activity surges to 7-month high in Feb

New Delhi (IANS) The growth rate in India’s business activity accelerated to a 7-month high in February driven by a strong demand for both manufacturing and services, according to a private economic survey released on Thursday.

HSBC's flash…

PM Modi 3.0 to further bolster $300 bn electronics manufacturing goal: Industry body

New Delhi (IANS) The industry and the government are working to scale electronics manufacturing in India towards meeting the $300 billion goal in the next few years and Prime Minister Narendra Modi 3.0 will cement this vision in the next five years,…

Byju's rights issue to raise $200 mn fully subscribed

New Delhi (IANS) Edtech firm Byju's rights issue to raise $200 million at a 99 per cent valuation cut has been fully subscribed.

In a shareholders' letter accessed by IANS, founder and CEO Byju Raveendran said that this $200 million…

Amazon plans to launch low-priced fashion vertical 'Bazaar' in India

New Delhi (IANS) E-commerce giant Amazon is set to launch a low-priced fashion and lifestyle vertical called 'Bazaar' in India.

According to a communication the company has sent to its partners, the new vertical Bazaar is a special…