Nandan Nilekani News

Infosys co-founder and chairman Nandan Nilekani on Wednesday said startups powered by India's digital public infrastructure are valued at $100 billion. Speaking at the annual Global Fintech Fest here, Nilekani said the very idea while building an Aadhar or unified payments interface (UPI) was to build the rails that could be used by the private sector or entrepreneurs to come out with innovative offerings. «The estimate is that the market value of startups on top of India's DPI is about $100 billion,» he added. He also said the future of finance will be a concept he and some people call "Finternet".

AI startups in the United States received $27 billion in funding in the April-June quarter, accounting for nearly half of all startup funding in the country during that period. Funding for AI startups in India on the contrary stood at $8.2 million in the April-June quarter, declining about 91% sequentially and by 82% year on year. Even as year-to-date in 2024, Indian AI startupshave raised nearly $96 million, which is a 61% increase over the same period in 2023, there is a reset of sorts happening in the Indian AI space. The initial euphoria is settling down and investors are looking beyond large language models (LLMs) and are now trying to zero in on companies which could build applications and services on top of LLMs. The greatest value for Indian startups could perhaps accrue from building cost-effective applications and services since LLMs and GPU chips are highly capital-intensive, investors and executives told ET.

G20 task force on digital public infrastructure (DPI) has suggested that countries use plug-and-play models to deploy certain DPI while ensuring their sovereignty and data ownership, exhorting them to make their existing infrastructure universally applicable for common good. Releasing the task force's report on Monday, India's G20 sherpa Amitabh Kant said the country's fast-growing DPI has enabled it to achieve in nine years what would have taken it 50 years to realise without the DPI. India's push for interoperable DPI during its G20 presidency last year had faced resistance from developed countries, who feared it could undermine the growth of global private payments entities. The plug-and-play method mooted by the task force appears to be aimed at addressing this fear.

Zomato, its first full-year profit in pocket, turns focus on Blinkit When the conversation turned to legacy, the 37-year-old entrepreneur disclosed that he doesn't adhere to the conventional notion of leaving one behind. "I think we all feel that we are more important than we are... you are born and you die like every other animal on the planet and then you are gone and nobody remembers anybody," he added.

ProcMart, an online business-to-business (B2B) marketplace specialising in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Infosys cofounder Nandan Nilekani’s venture fund Fundamentum Partnership and Edelweiss Discovery Fund. The round also saw participation from South Korea’s Paramark Ventures. The funds will be used for exploring strategic acquisitions for backward integration, enhancing client offerings, investing in talent acquisition and technology, and expanding presence in new markets within India and globally.

Altamount Road, the SoBo Billionaires' Row that's home to Mukesh Ambani, appears to have company in India's other metro cities, such as Bengaluru and Delhi-NCR, for the uber-rich tech and startup czars to stay connected and network with one another — from the comfort of their drawing rooms or gyms and club houses for that matter. In Bengaluru, houses in the Billionaires' Street (Koramangala), Epsilon Villas or Adarsh Palm Retreat (APR) are owned by the likes of Sachin and Binny Bansal, Flipkart cofounders, and its CEO Kalyan Krishnamurthy along with a few Infosys co-founders and the Raveendrans. The owners of several new-age firms such as Unacademy's Gaurav Munjal, PhonePe's Sameer Nigam, Meesho's Vidit Aatrey, the Zetwerk founders dot the palm tree and Mercedes-lined APR. 'India's CTO' Nandan Nilekani, Wipro owners — the Premjis, and Rahul Dravid also own homes in Koramangala, where property rates have already built a formidable moat of exclusivity.

Anant Ambani pre-wedding: SRK delivers 'Mohabbatein' dialogue in Gujarati "As I reflect on the past week in India, one thing stands out: The incredible hospitality everyone showed Paula and me, especially from Mukesh and Nita at the beautiful celebration of their son Anant and his fiancée Radhika," Bill Gates wrote. A post shared by Bill Gates (@thisisbillgates) Previously, Bill Gates also shared a picture with Infosys co-founder Nandan Nilekani and his wife. He also shared how their pre-wedding festivities gave him a chance to catch up with old friends.

Khosrowshahi at the Davos, he did not think that the CEO will stay at Uber for long, or that the company would survive for long. Taking to the microblogging website, X (formerly Twitter), the Mahindra Group Chairman said that Uber today is profitable with a market capital of $170 billion and has a disciplined corporate culture. He wrote: “I first met @dkhos in Davos shortly after he had taken the helm at @Uber.

digital public good which will let customers locate an EV charging station, green energy sources, and used idle batteries across the country. Called the Unified Energy Interface (UEI), the initiative is powered by Beckn Protocol, and it will allow a user to search for EV charging stations nearby and settle payments across service providers. Beckn Protocol is an open-source initiative created by the Foundation for Interoperability in Digital Economy (FIDE).

Given IITs' role in building India's S&T muscle, a systematic approach to alumni contributions is necessary for expanding the fiscal space. Many IITs have done this successfully earlier.

Forbes Asia list acknowledges individuals who donate from personal funds, showcasing their commitment to various causes, and three Indians – DLF's KP Singh, Infosys' Nandan Nilekani, and Zerodha's Nikhil Kamat have made the list this year. KP Singh: The chairman emeritus of DLF, made headlines after selling his remaining direct stake in the Delhi-based property developer, raising $89 million. The proceeds will fund philanthropic causes, supporting the KP Singh Foundation established in 2020, as per Forbes.

₹2,042 crore during the fiscal year 2022-23, as per EdelGive Hurun India Philanthropy List 2023. The report notes that Shiv Nadar donated an average of ₹5.6 crore per day. The list includes the names of 119 Indians including Wipro's Azim Premji, Zerodha co-founder Nikhil Kamath, etc.

Infosys cofounder SD Shibulal's son Shreyas Shibulal and daughter-in-law Bhairavi Madhusudhan Shibulal have divested part of their shareholding worth a total of Rs 435 crore in the company on Thursday. Cumulatively, Shreyas and Bhairavi have sold 0.06% and 0.02% of their respective shareholding in Infosys, country’s second-largest software firm, cofounded by Shibulal along with six others including Narayan Murthy and current chairman Nandan Nilekani.

Rohini Nilekani Philanthropies, said here on Tuesday. “You cannot have societies where wealth is only used to benefit the wealthy. Otherwise, why would societies want to create that wealth?” she said, adding that Indian philanthropists must challenge old ideas and innovate.

Infosys and Nvidia today announced that they have expanded their strategic collaboration where Nvidia's AI tools will be available on Infosys AI suite of services Topaz. The expanded collaboration is aimed to drive productivity gains with generative AI applications and solutions. The alliance will bring the Nvidia AI Enterprise ecosystem of models, tools, runtimes and graphics processing units (GPU) systems to Infosys Topaz. Through the integration, Infosys will create offerings customers can adopt, to easily integrate generative AI into their businesses, according to a press release.

NPCI), which operates the Unified Payments Interface (UPI) network, has launched new products to ensure more digital inclusivity of the payment service, even as it aims to scale the infrastructure to 100 billion monthly transactions. The new offerings include a credit line on UPI, UPI Lite X for offline payments and a near field communication (NFC)-enabled Tap & Pay feature, conversational payments through Hello! UPI as well as conversational bill payments with BillPay Connect.

₹25 for unlimited trips/day or ₹3.50 per ride with no charges after 10 trips. According to a Moneycontrol report, officials say that the app has been offered free of cost since its launch but the subscription fees is needed to maintain the app, cover expenses and manage customer care centre.

Antler India on Wednesday announced a platform to support and fund founders working with the government-backed Open Network for Digital Commerce (ONDC). The platform, touted as the country’s first ONDC platform, was launched in partnership with ONDC, the Foundation for Interoperability in Digital Economy (FIDE), and Infosys chairman Nandan Nilekani.

Infosys’ blue logo, among the most recognized but understated motifs in India’s emergence as the undisputed global leader in technology outsourcing, is getting a ‘sonic’ makeover to help the software bellwether better engage with its younger staff and business stakeholders. The company recently celebrated its 40th anniversary.

Infosys cofounder and chairman Nandan Nilekani, who has spearheaded India's digital public infrastructure (DPI) revolution. India is moving from being an «offline, informal, low-productivity set of micro economies to a single online, formal, high-productivity, mega economy,» said Nilekani who was founder chairman of the Aadhaar project speaking at an event in New Delhi. «India's 'techade' is a different model of growth.

In recent times, the progress in developing physical and digital infrastructure in the country has been much written about and discussed.