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British International Investment (BII) plans to invest about $1 billion in Indian climate-related projects by 2026, a top official said, drawn to the country's expanding renewable energy capacity. «We are evaluating exciting businesses in sectors such as bio-fuels, circular economy… as part of the vision for the 2030 roadmap agreed between India and the UK,» Nick O'Donohoe, CEO of BII told Reuters on Tuesday. In India, BII invested over $300 million in climate finance last year in sectors such as renewable energy, electric mobility and sustainable agriculture. Its' current portfolio in India is valued at $2.2 billion with investment in over 290 businesses. Last year, BII agreed to invest up to $250 million in automaker Mahindra and Mahindra Ltd's new electric vehicle unit. «India has produced the best returns of any geography we have invested in,» said O'Donohoe, citing buoyant stock markets and a stable political environment in the country. The company has about 8.2 billion pounds ($9.98 billion) worth of assets through its investments in around 1,500 businesses in emerging economies across 65 countries. On total portfolio investment, the company got 5% in annual return over a rolling 7-year period, he said, declining to give detail on returns on Indian investments.

streaming platform, is stepping up its game in the podcasting arena with a groundbreaking AI-powered tool, which allows creators to translate their episodes into different languages. On Monday, Daniel Ek, Spotify's founder and CEO, announced this new feature with a post on his official LinkedIn handle, along with a video that showed the workings of this new feature. He wrote, «We’re testing something new at Spotify! Starting today — a pilot group of podcasters can now automatically translate their podcast episodes into alternate languages — all while keeping it in their own voice. It’s called Voice Translation and uses AI to translate pods into Spanish, French and German. It’s pretty insane to hear. More languages and more podcasts to come soon! Let me know what you think.»

IBSFINtech, India's leading TreasuryTech Solution provider announces a significant addition to the company’s advisory board -- Mr Manoj Kohli. Mr.

OTTplay Premium users. "DistroTV's mission has always been to bring diverse, global voices to audiences around the world.

Arista Networks CEO Jayshree Ullal reveals which of the cloud networking companies products support A.I. on The Claman Countdown.

copyright row between the popular photoblog Humans Of New York and its Indian replica Humans Of Bombay seems to have escalated further. Brandon Stanton, the founder of Humans Of New York, recently took a dig at the desi version. Taking to X (formerly Twitter), the writer-photographer made an oblique reference to an “ongoing court case involving my work, but which thankfully doesn't involve me,” referring to the copyright infringement row, and then went on to call out Humans Of Bombay for commercialising the art of storytelling. “For the last thirteen years I haven't received a penny for a single story told on Humans of New York, despite many millions offered. All my income has come from books of my work, speeches I have given, and Patreon,” he tweeted. He then pointed out that when art becomes solely for profit, it becomes a product. “Beautiful art can make money, there is nothing wrong with that. But when art begins with a profit motive, it ceases to become art. And becomes a product,” he wrote. Many X users came out in support of the author and also heavily censured Humans Of Bombay CEO Karishma Mehta. “The difference between @humansofny & @HumansOfBombay is comically dystopian. Brandon could have easily been a billionaire by now. He only «monetizes» his HoNY fame to raise funds for others. Karishma is aggressively & arrogantly entitled about wanting to make a lot of money,” wrote an X user. Meanwhile, the X handle of the Mumbai-based photoblog has reached out to Stanton. In a post, it claimed that the suit was related to IP (Intellectual Property) and not storytelling.

After years of sales troubles in China, Ford Motor saw a chance to ride the tide of electrification to arrest its demise. From around 2020, the automaker followed Tesla’s formula of bypassing dealers to sell its cars directly to consumers. It introduced the Mustang Mach-E—an electric SUV with the iconic galloping horse logo, which Ford’s executives saw as a strong competitor to Tesla’s EVs.

JPMorgan Chase & Co. CEO Jamie Dimon says geopolitics after Russia's invasion in Ukraine is the biggest risk, larger than high inflation or a U.S. recession.

«The rally may continue due to more flows and less companies to invest in,» Kalpen Parekh, managing director and CEO of Mumbai-based mutual fund DSP, told the Reuters Trading India forum. Mid- and small-cap indexes have significantly outperformed their larger peer in 2023. The Nifty small-cap 100 index has risen nearly 33% this year, while the Nifty midcap 50 index is up around 29%, versus an 8.7% rise in the benchmark Nifty 50.

Pieter Elbers, CEO, IndiGo, tells ET Now about the airline's plans going forward. Edited excerpts:ET Now: Give us an idea of the airline's expansion strategy...Pieter Elbers: Over the past five-six weeks we have added new flights from Mumbai, we have started operations from Mumbai to Nairobi. We have started Mumbai to Jakarta and as recently as this weekend we have launched flights from Delhi to Tashkent and Almaty. So we have expanded from a little over 20 destinations to 32 now.

education, showing the growing appetite for upskilling to suit industry demands, finds a new survey. The survey of professionals from a diverse set of sectors in the country found that one in every two Indians are ready to fund further education for themselves, their children or their family within the upcoming 12 months. The Emeritus Global Workplace Skills Study 2023 from professional education Emeritus firm shows that education ranks high among Indians’ priorities even as the survey found two in three respondents admitting to spending their money cautiously focusing on essentials such as healthcare, medicine, groceries, etc., amid job layoffs and salary cuts globally. The trend of Indians spending on further education out of pocket stood out from most other parts of the world, where upskilling is being funded largely by organisations. The main motivations for Indian professionals to pursue further education included increased job security, a rise in self-confidence, developing leadership skills, and staying up-to-date with industry knowledge. The emphasis on continued learning in Indian society was also visible from the number of hours that professionals are investing into upskilling.

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By Tim Hepher

MotoGP Bharat has put wind in the sails of efforts that have quietly begun to bring back the supercars. As per a TOI report, senior officials at the Yamuna Expressway Industrial Development Authority (YEIDA) revealed talks were on to reintroduce the F1 at the Buddh International Circuit (BIC) in 2025. Formula One, which has legions of fans in India, held its first Indian Grand Prix at the BIC in 2011, but made an abrupt exit after the 2013 race once the UP government decided to withdraw the exemption it had given the organizer on entertainment tax.

OpenAI, the company behind the popular generative AI assistant ChatGPT, is expanding its capabilities by introducing voice and image-based search features to the chatbot. This development marks a significant evolution in the generative AI landscape, making ChatGPT a more interactive and versatile tool for users. OpenAI CEO Sam Altman shared this new update with a tweet that read, «voice mode and vision for chatgpt! really worth a try.»

The Circle: Founders Club (The Circle FC) unveiled the onboarding of ten high-potential Korean startups into the Korea Startup Center (KSC) India 2023 program. The Circle FC, a business accelerator for growth-stage startups, partnered with KISED to run this program for the second year in a row. This program is run across 8 countries including India, USA, Israel, France, Singapore, Vietnam, Finland and Sweden.

economic cooperation – in 2023 with Russia for the first time getting into the three top trade partners of India due to contribution of International North South Transport Corridor (INSTC), CEO of RZD Logistics (top Russian logistics company that operates INSTC) Dmitry Murev told ET. The export from Russia to India in the 2022-2023 financial year increased by 4.7 times and activation of INSTC is one of the most important factors that contributed to this, according to Murev. “Our company managed to build strong partnership with the leading participants of transport and logistics industry of India, Iran, Turkmenistan and Kazakhstan, which, in particular, allowed to cut the net cost of the end-to-end transportation service along the Eastern route of INSTC by 50% since August of 2022,” Murev informed. All three branches of INSTC – Western, Trans-Caspian and Eastern – are working. Each of these routes has its own infrastructure characteristics and perspectives, uniting certain groups of member countries of INSTC, with India and Russia being actively involved in the work of the corridor on all three routes, RZD CEO pointed out. The Western route of INSTC connects Russia, Azerbaijan and Iran by rail and auto transport for connecting to India and Persian Gulf countries.

IndiGo CEO Pieter Elbers to ET Now after the Aviation Working Group (AWG) for the second time cut India's compliance rating with international leasing laws and kept the country on a watchlist with a negative outlook amid a dispute between local airline Go First and its aircraft lessors. The move by AWG, a UK-based entity that monitors leasing and financing laws, came as bankrupt budget carrier Go First is locked in a legal tussle with aircraft lessors seeking to repossess jets. The IndiGo CEO called India as one of the most competitive aviation markets in the world and said there is also a lot of competition in the market. Elbers was speaking at the conference of the All India Management Association (AIMA) in the national capital. IndiGo is the country's largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations. The airline connects 32 international and 81 domestic destinations. Elbers said India is an incredible and one of the most competitive aviation markets in the world. IndiGo is going through a «maturing phase», he said and stressed on the need for having aviation hubs in India, which is under-served.

«I think big picture wise, my whole hypothesis is that if you look at the whole base of financial savings, it is in the order of magnitude about Rs 250-300 lakh crores and bulk of it has gotten created in the last 25 years,» says Ashish Kehair, MD & CEO, Nuvama Wealth.So for any entrepreneur, for any professional, the minute you get listed, it is a big day. But I always tell people who come on the show that then you have to be prepared for more media interviews, more scrutiny and more questions by television anchors. Is it really worth it? Think about it? Absolutely.

Air India is contemplating a change in the uniforms of its female cabin crew. For the last 60 years, flight attendants have donned sarees, a traditional Indian outfit. However, the national carrier may soon opt for modern attire, abandoning the saree, a source within the airline has revealed to the Hindustan Times.

Suncorp banking chief Clive van Horen is leaving amid a contested $4.9 billion sale of the bank arm to ANZ, but he said the move had nothing to do with the prospects of the deal proceeding.