Seoul/New Delhi, April 21 (IANS) Internet giant Naver said on Tuesday it has created a 700 billion-won ($476.4 million) investment fund with Krafton and Mirae Asset Group to foster companies in the artificial intelligence (AI), fintech and content sectors in India.The companies co-hosted an event in New Delhi to introduce the Unicorn Growth Fund (UGF) to Indian companies and venture capital firms, attended by Industry Minister Kim Jung-kwan, Naver Chief Executive Officer (CEO) Choi Soo-yeon, Kra…
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Washington, April 16 (IANS) India’s deep pool of technology talent is emerging as a critical factor in the global race to build digital asset infrastructure, participants at a policy discussion have said.The discussion, held under Chatham House Rules on Wednesday (local time), highlighted India’s growing importance in the crypto ecosystem, driven by its large base of software developers and expanding digital capabilities.Participants said the shift towards digital assets — including stablec…
New Delhi, April 11 (IANS) As India’s Unified Payments Interface marks its 10th anniversary on Saturday, the government informed that the country now accounts for 49 per cent of global real‑time payment transactions.The instant payments system processed 21.70 billion transactions in January 2026 alone, with Rs 28.33 lakh crore in value. UPI accounted for 81 per cent of all retail digital transactions in India.The International Monetary Fund has called UPI the world’s largest real‑time pa…
Mumbai, April 7 (IANS) In a major step towards achieving the ‘Viksit Maharashtra’ objective within the ‘Viskit India 2047’ vision, the Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis on Tuesday gave approval for the establishment of a new independent department for Electronics, Information Technology, and Artificial Intelligence.The Directorate of Information Technology will be transformed into the Directorate of Electronics, IT, and AI. A new IT Cadre, comprising permanent posi…
New Delhi, April 6 (IANS) Global capability centres (GCCs) leasing in India reached a record 9.1 million square feet in the January-March period this year — the highest quarterly GCC absorption on record, a report showed on Monday.This comes against the backdrop of the country’s overall office sector registering a gross absorption of 20.7 million sq ft — the highest level recorded for any quarter, according to the report by CBRE South Asia Pvt Ltd.As compared to 19.7 million sq ft in Q1 2025…
New Delhi, April 1 (IANS) India’s venture capital ecosystem raised roughly $16 billion in 2025 and saw deal activity grow about 18 per cent year‑on‑year, with transactions exceeding 1,300 across stages, a report said on Wednesday.The report from Bain & Company said growth was broad‑based, driven by strong activity in sub‑$50 million deals while the upper end also gained momentum with scaled transactions above $250 million doubling to eight.Fintech deal value rebounded about 2.2 times…
New Delhi, March 25 (IANS) India’s e-commerce and healthcare sectors lead hiring activity in the first half of FY 2026–27, even as digital skills continue to see strong demand across industries, according to a report released on Wednesday.The report by TeamLease Services highlighted that sector-wise, hiring demand is led by e-commerce and tech startups with a net employment change (NEC) of 8.9 per cent, followed by healthcare and pharmaceuticals at seven per cent, and manufacturing, engineerin…
New Delhi, March 23 (IANS) The World Gold Council’s ‘Gold as a Service’ platform announced on Monday to create a new market infrastructure to link physical custody of yellow metal with digital systems will improve access to digital gold products.The report from Boston Consulting Group India said Gold as a Service would act as an open platform, connecting the physical custody of gold with the “digital systems used to issue and manage gold-backed products.”By standardising custody coordination, …
New Delhi, March 21 (IANS) India can become a prosperous and wealthy nation by 2047,if the economy continues to grow at a strong pace and maintains a rate of 7 per cent over the long term, according to a new report.The Washington Examiner’s report noted that the country’s growth record has been impressive, with the economy expanding at an average annual rate of around 7 per cent.”If the country can maintain that growth rate for the next 20 years, India will reach the threshold of a high-income…
New Delhi, March 3 (IANS) The domestic compensation landscape is evolving towards a more selective, skills-aligned wage cycle, according to a report released on Tuesday, adding that professionals expect salary increments of 6–10 per cent.High-demand domains such as AI, digital technology, electric vehicles (EV), and specialised technical roles see expectations above 10 per cent, the Adecco India ‘2026 Salary Guide’ stated.It highlighted talent shortages in niche areas, rising labour costs,…