Page 27 - Surajeet Das Gupta

Checking out of 24Seven: Godfrey sees exit valuation of Rs 700-1,000 cr

Low margins and escalating real estate prices are primary drivers for exiting the 24Seven business

Ola in talks with Mysuru-based Kaynes Semicon to make chips for its EVs

Kaynes would manufacture the chips based on Ola's design

Stakeholders seek more time for feedback on Digi Competition Bill

Industry associations say that consultations on the contentious bill should not be pushed through during the elections

Weizmann to move court against Western Union on trademark, logo issue

The company has used the brand for promoting, marketing, advertising its products and services under the trademark and has earned goodwill, especially in the financial sector

India leads Asia-Pacific region's M&A deals in Q1 2024: S&P Global

The number of deals closed in Q1 of 2024 is one more than the previous year

Domestic private equity funds share in total up 2.5 times in 4 years

Even average deal sizes of key domestic PE players like Kedara and CrysCapital doubled to $100 million in 2023 from $50 million in 2019

Europe, US companies back India for derisking from China: Survey

The other key emerging markets, the survey said, are southeast Asia, where 60 per cent of the respondents were willing to put in 50 per cent more investment in the next three years

HP India in talks with Dixon Technologies, VVDN for laptop assembly

VVDN has already partnered with Hewlett Packard Enterprise (HPE) to assemble servers for the US company at its Manesar plant in Haryana

American spirits company Sazerac may hike John Distilleries stake to 60%

John Distilleries is the fourth largest liquor company in the country by volumes

PLI for electronics parts: Meity seeks info on production competitiveness

Meity has held numerous consultations with industry players and is hoping to launch the scheme as part of its 100-day agenda after the new government is formed after the general elections

In red-hot AI space, funds for Indian startups cooling down: Traxcn

PE/VC funding down 71% in CY23; it has slowed further in this year

HMD plans to make India a key manufacturing hub for its phone exports

Nokia was the first mobile brand which was exported out of India from its own manufacturing plant in Tamil Nadu

Car mkt sees consolidation, top 6 brands corner 92.6% of domestic sales

The bottom six car makers managed to corner only 2.9 % market share

Month after EMPS rollout: Ola market share grows to 53%, registrations drop

Ola gained market share because its decline was much lower than the industry average

DoT to telecom operators: How much of legacy gear is non-trusted?

Considers US-like 'rip & replace' scheme to help telcos shift to 'trusted sources' to ensure national security

Why rise of hybrid cars is being seen as vital transition phase to electric

The global market for electric passenger vehicles is concentrated in three areas: China, the US, and Europe, which accounted for 95 per cent of global electric sales last year

In the works: Telecom Patent Fund to access costly tech, drive innovation

DoT plans fund to acquire critical licences from global firms for startups and SMEs, boost indigenous R&D

BSNL's 4G subscriber base reaches 800K, 5G rollout likely within 12 months

Though DoT officials were earlier eyeing a 5G launch by the end of the year, the plan has now been deferred to next year

Mobile makers can offer market for fabs if they make 10-14 nm chips

The total demand for semiconductors in the country varies from $22 billion to $24 billion, most of which is currently imported. The requirement from mobile devices is nearly half of this demand

Electric car Tesla may set up manufacturing plants in India, Mexico in 2025

Elon Musk pointed out in Tuesday's earnings call that Tesla expects a 50 per cent increase in production over 2023