Gaming startup WinZO plans to invest USD 50 million (about Rs 410 crore), in the global gaming ecosystem as part of its flagship Game Developer Fund, the company said on Monday. The company expects to invest at least USD 10 million of the fund in US-based startups as part of the programme. “Indian gaming startup … Read more
India has an opportunity to integrate more deeply into the global supply chains as more foreign investment is being redirected to it amid tensions between the United States and China, Asian Development Bank (ADB) president Masatsugu Asakawa told ET in an interview. He lauded the government for rightly placing emphasis on infrastructure investments and economic … Read more
Bengaluru: The global economic outlook has improved in recent months, but uncertainties still remain, RBI Governor Shaktikanta Das said on Friday as he called upon G20 nations to resolutely address the challenges, including debt distress and threats to financial stability, confronting world economies. Addressing the inaugural session of the meeting of G20 finance ministers and … Read more
Emerging markets would require over $53 trillion for infrastructure financing, but countries need to develop a new long-term financing model, said Auguste Tano Kouame, country director, World Bank. Kouame said that the Indian government had done well, and reforms such as the National Infrastructure Pipeline and Production-Linked Incentive schemes are steps in the right direction. … Read more
Prime Minister Narendra Modi on Saturday inaugurated the ‘Global Millets (Shri Anna) Conference’ and said millets can help tackle challenges of food security as well as food habits and asked farm scientists to work towards increasing the share of nutri-cereals in the national food basket. Addressing the gathering after inaugurating, the prime minister said it … Read more
The sale of the remaining 29.54 per cent government stake in Hindustan Zinc is likely only after a finality reached on Vedanta’s planned sale of global zinc assets to the erstwhile PSU, according to an official. With the government’s offer for sale plans in Hindustan Zinc in limbo, it is unlikely that the disinvestment would … Read more
The Indian markets shall mainly be influenced by multiple factors including macroeconomic data, Indian and US inflation data, and global cues among others in the coming week, according to analysts. They also believe that triggers like foreign investors flow, Indian rupee (INR) versus the US dollar (USD) movement and crude oil trends may also impact … Read more