VC firm Accel to invest up to $1 million in pre-seed startups in AI, Bharat

Bengaluru (IANS) Leading global venture capital firm Accel on Thursday announced the launch of Accel Atoms 4.0, the fourth edition of its pre-seed scaling programme. Selected startups will receive up to $1 million in funding through equity or convertible…

Sensex, Nifty close at all-time high, led by metal and auto shares

Mumbai (IANS) Indian equity indices closed in the green on Thursday led by metal, auto and banking stocks. 

Sensex closed at 1,439 points or 1.77 per cent higher at 82,962 and Nifty closed 470 points or 1.89 per cent higher at 25,388.

Intraday,…

Apple reaches $5 billion in iPhone exports from India in April-August period

New Delhi (IANS) Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal. 

According to industry data, this is a growth of over 50 per cent…

SEMICON India 2024: Top semiconductor CEOs laud PM Modi's vision

Greater Noida (IANS) Leading figures from the global semiconductor industry praised Prime Minister Narendra Modi's leadership and vision for advancing India's semiconductor sector during their addresses at SEMICON India 2024, held here at…

EVs can drive Indian automotive industry reach Rs 134 lakh crore by 2047

New Delhi (IANS) The domestic automotive industry has crossed Rs 20 lakh crore mark in FY24 and has the potential to be worth $1.6 trillion (about Rs 134 lakh crore) by 2047, driven by electric vehicles (EVs), according to industry leaders. 

The…

Maruti Suzuki India gears up to launch its first EV with 500-km range in Jan

New Delhi (IANS) Maruti Suzuki India on Tuesday said the automaker is geared up to launch its first electric vehicle (EV) with a range of 500 km per charge in January next year. 

The leading automaker announced this on the sidelines of the…

India’s defence export projected to grow at 18 pc by 2030: Report

New Delhi (IANS) India's defence export is estimated to grow at 18 per cent CAGR (compound annual growth rate) from FY24-FY30, driven by the 'Make in India' initiative and thrust on local manufacturing. 

According to global investment…

LIC’s new business premium up 35 pc to Rs 19,309 crore in Aug

Mumbai (IANS) Life Insurance Corporation (LIC) of India saw a 35.1 per cent surge in its new business premium for the month of August to Rs 19,309.10 crore, from Rs 14,292.53 crore in the same month last year, showed data by the Life Insurance Council…

Indian edtech sector sees 96 pc growth in funding, long-term outlook strong

New Delhi (IANS) The Indian edtech sector witnessed $164 million in funding in the January-June period this year, a 96 per cent increase compared to the $81.9 million raised in the same period last year. 

The ecosystem, with approximately 11,000…

Second Byju’s auditor exits in a year, embattled edtech firm responds

New Delhi (IANS) Grappling with several issues, Byju’s has found itself in new controversy as its auditor BDO resigned with immediate effect, highlighting multiple issues with the embattled edtech firm, including significant delays in financial reporting…