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global macro conditions rebound over time. However, India will continue to benefit from outsized capital allocation and is expected to reach $80-100 billion in annual deployment over the next five years, Bain & Company partner Prabhav Kashyap told ET. This estimate compares to about $39 billion in 2023, as per a report by Bain & Company called India Private Equity Report 2024. Deal activity had reduced about 35% from $62 billion in 2022.

Paytm Payments Bank (PPBL) has migrated its bill payment business to Euronet Services India, said two people in the know. This comes after the shifting of PPBL’s retail point of sales business to RBL Bank and the settlement business for merchant payments to Axis Bank. Euronet is an American payment technology company handling backend settlement systems for several digital payment modes in India.

election? Now, a slew of offshore apps and websites — albeit operating illicitly in India — are offering a chance to wager on the outcome of the world’s largest electoral process. Bets that can run into lakhs of rupees are being made across a dozen apps and websites over the results, margins of victory and party showing, an analysis by ET showed.

government is planning a dedicated research and development (R&D) wing under the proposed India Semiconductor Research Centre (ISRC) that will focus on semiconductor research which can «quickly go into industrial production», sources told ET. «There is a need for both the private and public sector, especially in the semiconductor space to have full-time R&D personnel. The idea is to create an intellectual property right (IPR) driven manufacturing ecosystem. We might look at creating a structure where some of the R&D can be co-funded or in PPP mode,» a senior government official said.

Uber is strengthening its hyperlocal deliveries from neighbourhood stores, people aware of the matter said, amid a growing demand for quick commerce in India. The company has launched this service in nine Indian cities through two-wheelers and the customer orders are picked up from local stores.

Indian outsourcing leaders will likely have to wait longer, perhaps until the start of FY26, for a revival in business as the US Federal Reserve could keep interest rates elevated in the world’s largest economy to ensure a lasting victory over politically uncomfortable inflation. High real rates could elevate hurdle rates for companies, potentially crimping growth in discretionary technology spends. “The Fed's hawkish approach is a double-edged sword. Higher interest rates could lead US clients to curtail discretionary IT spending, impacting revenue growth for Indian firms,” said Hansa Iyengar, senior lead analyst for UK-based IT research firm Omdia.

India's data centre capacity is set to double to reach 2,000 MW by 2026, as the country transitions towards a developed market economy amid a rise in 'green energy' solutions, a report showed on Wednesday. The growth plans have also created substantial investment prospects, with a likely capex of ₹50,000 crore in this space over the next three years till 2026, according to the report by CareEdge Ratings.

No, Katy Perry and Rihanna didn’t attend the Met Gala this year

Athletic departments across the country are trying to figure out the best way to manage the name, image and likeness landscape when it comes to athletes earning endorsement money

Hulu has unveiled the trailer for the upcoming fifth season of the popular reality series, The Kardashians, set to premiere on May 23. The teaser offers a glimpse into the dramatic lives of Kim Kardashian, Khloé Kardashian, Kourtney Kardashian, Kendall Jenner, Kylie Jenner and Kris Jenner. Kim Kardashian's New Chapter

Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, signaling weakness in its ride-share and food delivery services. The company's profitability push, however, is yielding result as core profit for the first quarter and its forecast exceeded Wall Street expectations.

IIT-M) on Wednesday said it has raised Rs 513 crore in funding—more than double what was raised last year—from its alumni, industry and individual donors during 2023-24. The alumni did most of the heavy lifting, contributing Rs 368.19 crore, followed by the CSR segment contributing Rs 95.53 crore, with the rest coming from other sources. Additionally, the institute has attracted total new pledges worth Rs. 717.8 crore from alumni and corporate partners during FY24. The alumni have pledged Rs 455.6 crore whereas the CSR segment has pledged Rs 262.2 crore.

MBOSE Meghalaya 12th Result 2024: In a sigh of relief for several students, the Meghalaya Board of School Education (MBOSE) on Wednesday declared the results of the Higher Secondary School Leaving Certificate (HSSLC) examinations. The board declared the results for Science and Commerce streams, along with vocational courses. The Science stream recorded 85.24% pass percentage.

Swaminathan Aiyar, Consulting Editor, ET Now, says “BJP may have many jewels, but Mr Modi is Koh-i-Noor. The biggest thing the BJP has going for it is Mr Modi. And at the end of it all, you can have 25 different analyses of different issues. But if the stark choice is, do you want Mr Narendra Modi or do you want Mr Rahul Gandhi? I have no doubt that people will opt for Mr Modi, whatever their other reservations are. Whether he gets an increased majority or a reduced majority is another matter. But even if the BJP loses 100 seats, they will get more parties with them and so surely Mr Modi will be back.” On inflation the prime minister has cited the Korean War during the Nehru regime and he has spoken about how inflation was the highest during Indira Gandhi's time. Up front, what do you make of this historical context that the prime minister is referencing on inflation and the impact of the war in Ukraine, which he says affects food, fertiliser and fuel prices directly? Swaminathan Aiyar: He recalls inflation back in the early 50s. It is a fact that the Korean War resulted in a shortage of all kinds of commodities, which were being used for the war effort on both sides. Because of that very steep rise in all commodity prices, there was an increase in price in India too. While it is true that there were a certain number of restrictions on imports, actually imports were pretty free in the early 50s. Therefore, there was an impact.

retail sector in India registered a growth of 27 per cent on an annual basis in April, driven by stable fuel prices and new model launches even as Lok Sabha elections dampened consumer sentiment, FADA said in a press release on Wedensday. Retails of two-wheelers increased by 33 per cent while three-wheelers, passenger vehicles, commercial vehicles and tractors grew by 9 per cent, 16 per cent, 2 per cent each, the auto body said. The tractor segment grew by 1 per cent in April. Auto retails in April were buoyed by a favourable market sentiment which was driven by stable fuel prices, a positive monsoon outlook, festive demand and the marriage season.

Dr Pawan Goyal, ED and Chief Business Officer, Naukri.com, says “the salary growth is expected to remain in single digits. This has moderated from the time period of 22 when the great resignation wave was underway. So, 6% to 7%, somewhere in that range is where we expect the salary growth.” We were in fact quite surprised to see the consumer side starting to witness high demand. Talk to us about that to start with from that side. Dr Pawan Goyal: If you look at the overall JobSpeak index, it has been flattish. It is minus three on a year-on-year basis and minus one on month-on-month basis. From a statistical standpoint, I would consider that flattish. Over the consumer sectors that are doing very well, is oil and gas; FMCG; travel, tourism, and hospitality; as well as auto. They have been consistently growing for several months at a time and April numbers are in line with that.

FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S. bankruptcy court. FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims.

SSLC Kerala Board 10th Result 2024 LIVE Updates: The Kerala Board of Public Examinations (KBPE) will declare class 10th results in a press conference today, May 8, at 3 pm. Students can download their scorecard for SSLC Exams 2024 Kerala on its official websites — keralaresults.nic.in, results.kite.kerala.gov.in and pareekshabhavan.kerala.gov.in.

University of Chicago on Tuesday after administrators who had initially adopted a permissive approach said the protest had crossed a line and caused growing concerns about safety. University President Paul Alivisatos acknowledged the school's role as a protector of freedom of speech after officers in riot gear blocked access to the school's Quad but also took an enough-is-enough stance. «The university remains a place where dissenting voices have many avenues to express themselves, but we cannot enable an environment where the expression of some dominates and disrupts the healthy functioning of the community for the rest,» Alivisatos wrote in a message to the university community.

Katy Perry and Rihanna didn't attend the Met Gala this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night. Deepfake images depicting a handful of big names at the Metropolitan Museum of Art's annual fundraiser quickly spread online Monday and early Tuesday.

private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial intelligence (AI) boom fuels demand for digital infrastructure. The intense pace of deals in the world's most populous region comes as countries and companies respond to booming demand for AI, calling for more data capacity, industry executives said.