Swiggy’s largest investor Prosus could realise more than $500 million from the food and grocery delivery firm’s upcoming IPO as it plans to offload 5% stake during the listing. The amount is calculated based on Swiggy’s estimated listing valuation at $11-12 billion. It may change depending on the final issue price. Besides Prosus, other investors […]
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Government initiatives like ‘Make in India’ and the PLI scheme are driving strong hiring in India’s manufacturing sector. Industries such as automotive, electronics, chemicals, and pharmaceuticals are expanding, creating demand for both blue- and white-collar roles. Companies are focusing on technology and sustainability, leading to new job opportunities. Programs like ‘Make in India’ that completed […]
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China Cos.: The Centre is looking to immediately operationalize its order that will likely weed out Chinese vendors from the supply chains of all forms of surveillance equipment in the aftermath of the recent coordinated pager explosions in Lebanon, multiple sources aware of the development told ET. The move is set to benefit local companies. […]
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Sunil Gupta, Chief Executive of Yotta Data Services, which has placed a purchase order of 16,000 H100 GPUs from Nvidia and went live with 4,000 H100 GPUs a few months ago, concurred. The Government has halved the revenue threshold for companies seeking to bid for the Rs 10,000 crores graphics processing units (GPUs) tender, conceding […]
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