Investment

The Indian Lithium Ion Cell and Battery Market is expected to grow in the at a CAGR of 36.3% by 2023, driven by increased use of lithium ion battery in electric vehicles, said a ResearchAndMarkets report.

India is keen to offer solutions and support for Aviation Infrastructure, Connectivity & Capacity Building to its immediate Neighbourhood, said Hardeep Singh Puri, Minister of State for Civil Aviation.

Wipro Limited has launched three edge artificial intelligence (AI) starter solutions powered by Intel Xeon® Scalable processors to help enterprises in the Energy & Utilities and Healthcare markets jump start their AI adoption.

A US$10 million Pune factory is set to produce electric three-wheelers this month, first for the Indian market and then for exports to emerging economies globally.

Southfield's power management company Eaton has chosen global technology company KPIT of Pune to support the development of next-generation electrified mobility technologies for its eMobility business unit.

Uniphore, incubated in 2008 at IIT Madras, is gaining momentum and has raised US$51 million in Series C funding led by March Capital Partners for its “go-to-the-market” in North America.

Following the Budget 2019-20 announcement, the government has issued a partial credit guarantee for public sector banks to purchase pooled assets of financially sound NBFCs amounting to Rs.1 lakh crore.

DBS Bank India Limited and Social Alpha have announced a strategic partnership on 13 August 2019, aimed at bolstering the growth of social enterprises and supporting innovators through business mentoring and seed capital.

Russia’s Deputy Prime Minister, Yuri Trutnev and Commerce Minister Piyush Goyal have underlined the need to diversify and deepen trade links in priority sectors, in order to meet the trade target of US$30 billion by 2025.

A large number of bankers want the government to address agriculture distress as a top priority by undertaking reforms in the sector and strengthening the agricultural value chain.