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Ten big stadiums to be built in Ahmedabad for India to host 2036 Olympics: Amit Shah
Union Minister Amit Shah laid the foundation stone for a Rs 316.82 crore 'Para High Performance Centre' in Gandhinagar, emphasizing India's goal to host the 2036 Olympics. The facility will aid para athletes with world-class training. Shah highlighted increased sports budget and Gujarat's significant investment in sports infrastructure.

SolitAir to invest $25 million in Indian market this year: CEO Hamdi Osman
SolitAir Holding, a UAE-based cargo operator, plans to invest USD 25 million in India's market in its first year of operations. With a strategy to connect and service 50 cities, the company emphasizes India's critical role in global trade and aims to expand its network and services frequency.

Bangladeshi firms join hands with US telecom giant Starlink
Several Bangladeshi firms have signed contracts with Elon Musk's Starlink to establish ground earth stations in Bangladesh. The collaboration will aid in providing reliable and high-speed internet across cities and remote areas, with ongoing discussions on location and implementation details.

5G’s cosmic ring: Unlocking global connectivity with non-terrestrial networks
Satcom is answering the call for enhanced connectivity, but are India’s 5G non-terrestrial networks ready to take off? The integration of 5G NTN could revolutionise connectivity, enabling remote services and opening new revenue streams for telecom players, though challenges remain in scaling and profitability.

Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.

Mind the gender gap! Fixing inequities holds key to lower women attrition
Companies addressing pay parity and providing equitable benefits have seen lower female attrition rates, even though women remain underrepresented in leadership roles. Industries like GCCs and technology consulting show better representation but face significant drop-offs at higher levels due to systemic issues. Inclusive benefits like hybrid working and flexible hours for mothers contribute to retaining women employees.
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Prince of Wales opens up about feeling terrified while volunteering at mental health helpline during Covid
Shout is a mental health support service in the UK that operates round the clock, providing help to individuals facing mental health challenges. It is accessible through text messaging. The service was launched in 2019 with the backing of Prince William and Kate Middleton's Royal Foundation.
Women participation in India's semiconductor sector to rise to 35% by 2030: Report
Despite men dominating key roles, women's participation in India's semiconductor sector is projected to increase to 35% by 2030 from the current 25%, driven by gender-neutral policies, upskilling programs, and inclusive benefits, according to NLB Services. Collaborative efforts between the government and private sector are essential.
Tech Mahindra strengthens US presence with new Americas headquarters in Texas
The new facility will house a diverse range of operational functions, including consulting, delivery, and customer support services.
Quess Corp shares rally 6% as NCLT clears demerger; new entities to list in two months
Quess Corp shares surge by 6% after receiving NCLT approval to list its newly demerged entities, Bluspring Enterprises and Digitide Solutions. The demerger aims to enhance operational efficiency and unlock shareholder value, as Quess Corp prepares for independent growth strategies for the new firms.
Payments firm AGS Transact defaults on dues worth 386 million rupees
The companies and another unit, India Transact Services, also delayed paying certain statutory dues including tax liabilities worth 173.6 million rupees due to delays in collecting payments from customers and invoicing certain unbilled amounts. AGS Transact provides digital and cash-based solutions to banks and corporate clients, including ATM services.
Shariah Index: It throws light on the Indian economy and offers many investing lessons, more than the name suggests
Did you know that there are three Shariah law-compliant indices in India? Not surprisingly, these indices do not have companies which have interest as an element of income. Also, they do not have companies from certain sectors. Liquor, for instance. What is not commonly known is that, even if a company's core business is Shariah-compliant, its financial structure must also comply with Shariah rules. And what is surprising is that one of the ratios which Shariah law asks you to look at is the debt-to-asset ratio. But is religion-based investing better than secular investing? Let’s find out.
India Inc's attrition rates in 2024 hit lowest point since 2020 amid subdued hiring environment, market uncertainties
Attrition levels in India Inc dropped to 17.4% in 2024, the lowest since 2020, due to reduced hiring, layoffs, and economic uncertainty. The IT/ITeS sector saw the most significant drop, with employee turnover falling sharply. However, companies anticipate increased hiring, which may lead to a rise in attrition in the coming quarters.
With NCLT nod in place, business services provider Quess to list new firms on exchanges in two months
Quess Corp will list Bluspring Enterprises and Digitide Solutions in two months. The demerger aims to enhance efficiency, unlock value, and support independent growth. Shareholders will get one additional share in each new entity.
DOGE’s federal spends slash unlikely to bleed Indian IT companies
Elon Musk-led DOGE’s federal contract cuts may impact US consulting firms, but Indian IT remains largely insulated due to minimal federal exposure. The US federal government spends an estimated $60 billion a year in consulting fees, data from US-based technology-focused research and advisory firm HFS Research shows.
MapMycrop raises Rs 15.7 crore in seed funding for agritech expansion
The New York-headquartered company plans to use the investment to expand operations, fulfill pilot orders, strengthen its sales and operations teams, and advance its platform technology, it said in a statement.
Wipro shares in focus after launch of AI-first platform TelcoAI360 to help telecom sector cut costs
Developed in collaboration with Wipro’s AI partner ecosystem and leveraging ServiceNow’s telecommunications industry solutions suite, TelcoAI360 is designed to streamline operations, improve network performance, and strengthen security for telecom providers.
Stocks in news: Wipro, IRFC, TCS, Zydus Life, LIC Housing
LIC Housing Finance said its board has given a nod to borrow Rs 1.23 lakh crore through loans, issue of bonds, and other instruments, in the next financial year.
Recovery time? Be selective, stay diversified and use this ratio for better decisions. 5 stocks with the right ratio and sales growth
How do you value a stock? Which has a high valuation, which is cheap? It depends on the ratio you use to ascertain value. And relying entirely on price-to-earnings (PE) ratio could lead to wrong investment decisions. Consider: Six months back, a stock was trading at a P/E ratio of, let’s say, 30, on a trailing 12-month (TTM) basis. Seemed reasonable, as much of the market was trading at much higher valuations. The Q3 numbers of the company turned out to be poor. And the TTM base PE ratio has moved to 40. How to determine whether the stock should be bought or sold? Or, a stock quoting at a PE of 70, has a good quarter, and the PE is down to 40. Is it a good stock to buy? So, PE alone cannot determine which is a good or bad stock.
Reliance Jio, Airtel seek ‘fair competition’ as govt weighs Starlink’s satcom licence
Reliance Jio and Airtel have asked the Indian government to ensure fair competition in the satellite communications sector as it reviews Elon Musk’s Starlink licence. They demand comparable spectrum pricing for satellite and terrestrial services to avoid market distortion. They acknowledge lower prices for non-commercial uses like disaster recovery but insist commercial satellite operators should not get preferential pricing.
Coforge signs $1.56 billion deal with US travel firm Sabre
Coforge signed a $1.56 billion, 13-year deal with Sabre to enhance AI-driven travel tech solutions. The partnership boosts Coforge’s large deal wins, reflecting rising demand. Coforge’s Q3 revenue rose 42.8%, though shares declined 2%.
Uber teams up with Waymo to start selling driverless rides in Austin, Texas
Waymo's robotaxis will be hitting the streets of Austin ahead of Tesla CEO Elon Musk's goal of launching a fleet of electric self-driving cars later this year.
Chip is the new oil! Jefferies expects India to quadruple electronics production to Rs 500 billion by 2030—Key stocks to watch
Jefferies highlighted that "chip is the new oil," emphasizing its strategic importance. The firm believes India has strong potential to replicate its automotive sector success in semiconductors as the ecosystem grows.
Energy sector: A slower, but stable and structural change; 12 stocks from energy ecosystem which can give return of over 22%
When it comes to the energy sector, retail investors need to keep a few things in mind. The transformation here is more basic in nature, requires a lot more capex, and will take time. So, don’t expect the street to react as it did to the EV transformation in the auto sector. But, the change here would be more sustainable, on much bigger balance sheets, and with a long runway of growth. So having them on a watchlist is a good idea. But patience is key once you have them in your portfolio.
Nukleus Office Solutions shares list at 20% discount on BSE SME platform
Nukleus Office Solutions launched its IPO last week with a lukewarm market response. The funds raised will be used for expansion, technology development, and brand visibility. The company provides flexible workspaces and managed offices, with substantial revenue growth recently.
Jio, Nokia, AMD & Cisco launch AI platform
Jio Platforms, along with Nokia, AMD, and Cisco, announced an open AI platform aimed at enhancing telecommunications efficiency, security, and capabilities. The platform will integrate AI and automation across network operations, offering real-world AI-driven solutions to optimize telecom services and introduce new revenue opportunities.
PwC India launches programme to mentor 15 startups in blockchain, AI, other areas
Announcing the launch of 'Emerging Tech Startup Challenge', PwC India said the programme is open to all India-based startups working across the areas of artificial intelligence (AI), data analytics, blockchain/Web 3.0, space tech, Industry 4.0, and spatial reality, among others.
IT services firms see proactive deal renewals by clients on AI upsurge
This is likely to see a decline of longer-tenured contracts upwards of 5-10 years with a greater number of shorter period and smaller sized deals going forward. It is also in line with top executives calling for the outsourcing model ripe for disruption with a focus on outcome-based projects than just people-led model, experts say.
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