Author: News Desk

Musk-Twitter deal poses a headache for Wall Street banks. After the legal drama, Musk agreed to buy Twitter for $54.20 per share. Now, it is time for Morgan Stanley’s Wall Street Banks to step up. However, Wall Street banks have a tough time meeting it. They are already struggling to offload billion of dollars in buyout debt. They committed debt financing for the Musk-Twitter deal in April. The intention was to sell most of that to institutional investors. Bankers may struggle to sell it as credit markets begin to crack. They will have to offer the debt at a steep…

The first coach of next-generation Vande Bharat trains will be out within 16 months. The maximum speed of these trains will be 200 kmph. Currently, the maximum speed is 180 kmph. About 1,600 coaches for the upgraded version will be manufactured. The Marathwada Rail Coach Factory at Latur will manufacture them. Each of them will cost Rs 8 crore to Rs 9 crore.

Bollywood diva Madhuri Dixit-Nene spent Rs 48 crore on a beautiful apartment with a sea view. The society is located in Mumbai’s posh Worli neighbourhood. In the agreements, the unit is valued at about Rs 90,000 per square foot. On the 53rd story is Madhuri Dixit’s apartment. The aforementioned home was bought by Madhuri at Indiabulls Blu, Lower Parel. Large swimming pools, a football field, a gym, a spa, a club, and numerous more facilities can be found in the society. The apartment has a total area of 5,384 square feet and seven parking spaces.

Under the PM Gati Shakti national master plan for multi-modal connectivity, the government of Andhra Pradesh proposed nine projects to the Government of India (GoI) for financial support totaling 782 crore. For FY 2022–2023, there will be an allocation of 5,000 crore for all India schemes. A.P. Industrial Infrastructure Corporation and other relevant departments have provided basic geographic data on them, which has then been sent to Bhaskaracharya National Institute for Space Applications and Geoinformatics (of the Ministry of Electronics and Information Technology) for the creation of a geospatial database. Various steps of project approval are currently underway. The two…

Tiger Global Management is aiming to raise $6 billion for its upcoming venture fund, despite having to write off the value of its private portfolio due to institutional investors’ retreat from the asset class. According to people familiar with the situation who asked to remain anonymous because they were discussing private communications, that figure is lower than the $8 billion some clients had initially been told the firm would probably target because markets have changed and because Tiger Global now places more emphasis on early-stage venture bets. Additionally, the amount is just slightly larger than the previous vintage. According to…

Gujarat Chief minister Bhupendra Patel rolled out a scheme of attracting investment of Rs 12.50 trillion. And employment generation for at least 15 lakh people in the next five years. Under Atma Nirbhar Gujarat Schemes for Assistance to Industries. It is aimed at encouraging budding entrepreneurs to fulfil their entrepreneurship ambitions. To enable them to become part of the global supply chains. As per the schemes, MSMEs would get Net SGST reimbursement up to 75% of fixed capital investment over 10 years. And capital subsidy up to Rs 35 lakh for micro industries.

Indian Navy to induct India’s first human-carrying drone ‘Varuna’. Pune-based startup Sagar Defence Engineering Private Limited designed and manufactured the drone. Varuna can move human beings and goods like liquids and equipment, claims the startup. The passenger drone can be remotely-controlled. It can carry payloads up to 130 kg It can cover 25 kilometres in 30 minutes. Varuna can be used as an air ambulance in remote villages and air taxi in metro cities. It is a good option for disaster relief and casualty evacuation.

The demand for Indian engineers is rising as software technology defines the automobile more and more as the automotive industry moves toward electrification. That is also seen in Magna International, a Canadian Tier 1 major. The business intends to invest more than $120 million (more than INR 980 crore) to build a new engineering facility in Bengaluru’s Brigade Tech Garden. The software defined vehicle and vehicle electrification will be the centre of the technological development centre’s attention. By the end of 2023, it’s anticipated that 1,000 engineers and technical specialists will have been hired, with room to add up to…

India is one of the largest smartphone markets in the world. Rising income, cheaper and faster internet, and the desire to stay connected have contributed to this growth. If you are a smartphone enthusiast, October is going to be an interesting month for you as a set of smartphones is getting ready for India release. Here is a list for you.  Google comes with two models. It is all set to launch Google Pixel 7 and Google Pixel 7 Pro. Both will hit the Indian market on October 6. Google Pixel 7 and Google Pixel 7 Pro come with the Tensor G2 chipset. The latter is a premium smartphone. iQOO 10…

Payment service company PhonePe completely moves its domicile from Singapore to India. The three-step process took one year to complete. Now, all subsidiaries have been shifted from Singapore to India. PhonePe also migrated Employee Stock Ownership Plans (ESOPs) from PhonePe Singapore to PhonePe. India Besides, IndusOS owned by PhonePe also shifted operations to PhonePe India. PhonePe acquired IndusOS, an Indian smartphone application and content discovery platform, last year Currently, PhonePe has more than 350 million registered users.