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As India’s democracy nears the end of the world’s largest electoral exercise, it is evident that digital technologies have changed the whole landscape of Indian policymaking, reshaping governance, citizen engagement, political campaigning and elections. This transformation has not only streamlined bureaucratic processes, but also brought services closer to the people, fostering financial inclusion and digital empowerment. Ministries and government departments have embraced digital tools to raise transparency, efficiency and accountability.

₹201.4 on 10 May. The recent fall notwithstanding, a major reason for the rise lies in the very fast growth of the company’s quick commerce business, which delivers vegetables, groceries and other products—from lipsticks and pen drives to floral bouquets and branded kurtas—in a matter of minutes. In 2023-24, the adjusted revenue of the company’s quick commerce business grew by 186% to ₹2,302 crore.

A major Chinese bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets further CBDC adoption.

Siemens Energy AG has said it plans to sell the India wind turbine unit of its subsidiary, while Shell Energy, which acquired Sprng Energy in August 2022 is looking for investors. EQT and Temasek are planning to sell the 4GW O2 power platform, while Macquarie has explored the sale of its solar power project Stride platform and C&I platform Vibrant Energy.

banking tech startup Gravity has raised $1 million in a funding round led by early-stage venture fund Kettleborough VC. The funds will be employed to enhance “our engineering strength to build the product and take it to the next version, offering the best in product engineering we can,” cofounder and chief executive Satish Krishnaswamy told ET.

Online fashion retailer Myntra has gained market share over the past 12-18 months, chief executive Nandita Sinha told ET, even as the platform is facing rising competition from rivals like Reliance Ajio and Nykaa. Sinha, a Flikpart veteran and the fashion etailer’s CEO for nearly two-and-a-half years, said international brands and direct-to-consumer (D2C) brands have emerged as a top focus area for the firm, as they drive a significant part of high-value retail for the firm. Myntra is also accelerating diversification into fashion peripheral sectors like beauty and home decor, she said in an interview.

Zomato and Swiggy working towards making existing customers order more frequently to drive growth. In fiscal 2024, Zomato’s average monthly transacting user base grew 8% year-on-year to 18.4 million. The pace of growth was 16% in the previous fiscal year.

China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth. The third phase of National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from the central government and various state-owned banks and enterprises, including Industrial & Commercial Bank of China Ltd, according to Tianyancha, an online platform that aggregates official company registration information. The fund was incorporated on May 24.

private equity firm ChrysCapital is looking to acquire domestic companies in the formulation business in the range of $200 million-$500 million. Along with partners, deal sizes can potentially reach $1.5 billion, said a senior executive. «We're looking at buyouts. These can be companies in the top 30-75 in their category. We will look at the $200 million to $500 million range,» Kshitij Sheth, MD of ChrysCapital told ET in an interview. Sheth said the aim is to grow these companies to "$1.5-$2 billion valuations and take them public eventually. While we could consider a strategic sale, the goal will be to take these platforms public". ChrysCapital is focused on deals within top 20 to 50 ranked Indian companies in formulation business. The PE firm has focused on acquiring non-controlling interests in pharma companies. ChrysCapital could partner either another large fund, a strategic or a sovereign fund for bigger acquisitions.

Why this Swedish PE firm is willing to bet $5 billion in India this yearThe Mid-Market Growth strategy—which focuses on the technology, services, and healthcare sectors across Asia, will make investments in South East Asia, Japan and Australia, in addition to India, the firm said. EQT said this strategy “is a natural extension" of its established large-cap buyout platform in Asia.

Haut Monde Mrs India Worldwide, a prestigious beauty pageant honoring the strength, grace, and beauty of married women, recently concluded its highly anticipated Season 13. The magnificent grand finale took place on May 9th, 2024, at the esteemed Ajman Hotel, UAE. The event showcased the remarkable talent, grace, and empowerment of women worldwide.

teaser video showcases the phone’s sleek design, featuring a hole punch display and a flat frame with smoothly rounded edges. The rear of the device sports a circular camera module that houses a dual camera system, enhanced by AI, with a 50MP primary sensor.

The Arbitrum community is showing strong support for a governance proposal that aims to allocate 200 million ARB tokens towards the development of web3 games on the Ethereum Layer 2.

online trading scam that started on the instant messaging platform WhatsApp. The victims were lured to significant profits via online trading. One of the victims is a resident of Charholi Budruk and according to the FIR filed by him, the cybercriminals added the complainant to a WhatsApp group and told him that he could earn huge profits through online share trading. Later, they added his brother to the same WhatsApp group, a Times of India (ToI) report said.

Also Read: Avaada Energy secures 1,050 MWp solar power project from NTPCHere’s a small example of how solar investing works if you are investing in solar assets through a Limited Liability Partnership (LLP).Initiation by an Organization: An organisation or housing society wants to set up cost-effective solar power for their consumption and have another source of energy. They don’t want to do it on their own as they are not sure about the initial investments.Role of the Leasing Platform: Now, a leasing platform steps in, instals, and maintains the solar panels.

Free, ad-supported streaming television, or FAST channels as they are known, is slowly gaining popularity among Indian viewers who are looking for programming that is free of cost and caters to specific language or genre segments as the penetration of large connected TV (CTV) sets grows. The channels, targeted at niche audiences, are ad-supported like linear TV channels, but allow content owners with specialized libraries including music, news or regional content, to build their own audience independent of traditional networks.

Apple Inc faced a significant challenge recently: declining iPhone sales. This trend, a stark contrast to the company’s record of rapid growth and dominance in the global smartphone market, raises critical questions about the future of one of the most iconic products in consumer electronics. A recent Bloomberg article highlights Apple’s woes, listing 10 reasons why it is in trouble (bloom.bg/3wKhj1z).

₹366. The BLS E-Services share price made an impressive start on February 6, 2024 where it opened at ₹305 on the NSE, 125.93% more than the ₹135 issue price.

Reliance Industries Ltd (RIL) owned Viacom18 and Walt Disney’s Star India have filed a combination notice with the Competition Commission of India (CCI) seeking approval for their merger deal, following the National Company Law Tribunal (NCLT) admitting their merger application. In the May 24 notice, the parties assured CCI that the proposed transaction will not significantly impact competition in India and urged that precise market definitions be kept open. “The proposed transaction will not cause any appreciable adverse effect on competition in India,” said the notice. “Accordingly, the exact relevant market definitions for evaluating the proposed transaction may be left open.”

Hindustan Aeronautics (HAL) revenues are linked to service income to past product sales and recurring. Product business should rise faster as the government is encouraging domestic aircraft manufacturing. GE's tie-up shows the potential of moving up in the OEM status among global defence companies.

BEIJING — Soccer star David Beckham will promote Alibaba's international e-commerce platform, AliExpress, in its biggest global brand ambassador partnership to date, the business unit announced Monday.