Amsterdam-listed Prosus NV, the investment arm of South Africa's multinational Naspers, terminated the $4.7 billion acquisition of online payments gateway company BillDesk, based in Mumbai, India. In a note published on Prosus’ website, Eoin Ryan, head of investor relations, said, "Certain conditions precedent were not fulfilled by the September 30,...
6 Cities of India in Top Tech Hubs List across APAC
According to a report by Chicago, IL headquartered real estate services Cushman and Wakefield, globally, 46 top tech markets were identified from more than 115 tech cities in total. While Beijing leads the list, six of the 14 cities in the Asia Pacific region, based on the key evaluation metrics...
Microsoft Launches Program to Support AI Startups in India
In its effort to support the startup ecosystem in India, Microsoft has launched a program for nurturing and scaling startups that leverage Artificial Intelligence (AI). Microsoft AI Innovate is a 10-week initiative that will help startups in India that work on AI technologies, to scale operations, drive innovation, and build...
India’s Welspun in Major Supply Deal with Target Stores
Mumbai based Welspun India signed an agreement to foster a strong, transparent, and sustainable business relationship with Minneapolis, MN headquartered retailer Target Corporation. The Indian company stock price jumped 9% following the announcement Retailer Target Corporation has over 1,900 stores in the U.S., while Welspun India is one of the...
India Nutraceuticals Grow at Double Digit Rates
The nutraceuticals market in India is expected to grow to $18 billion by the end of 2025, according to a report in the Times of India, the largest circulating English language newspaper in the country. Currently, the Indian market imports $ 2.7 billion worth of nutraceuticals. The dietary supplements segment...
Indian Scientists Develop New Tool to Detect Cancer
Indian scientists at the Singapore-based molecular diagnostic Tzar Labs and the Mumbai-based Epigeneres Biotechnology have developed a new method to detect cancer. The test, known as HrC, can categorize solid tumors, hematological malignancies, and sarcomas at the stage they're at. Both labs are led by nanotech scientist Vinay Kumar Tripathi...