Technology

First renewable energy IPP to issue Green Bond Vena Energy, one of Asia-Pacific’s leading independent power producers (IPP) and pure renewable energy company with interest in India, has announced the successful issuance of a benchmark US$325 million, 5-year 3.133% fixed...

Banks showcase tech-enabled services Nirmala Sitharaman has unveiled EASE 3.0 (Enhanced Access and Service Excellence) as the Public Sector Bank (PSB) Reforms Agenda 2020-21 for smart, tech-enabled banking, and the PSB EASE Reforms Annual Report 2019-20 in Delhi on 26...

Supported by Heavyweight and Angel funds Hasura, the San Francisco and Bangalore-based company providing data access and data flow tools and services via GraphQL APIs, has raised US$9.9 million in Series A funding led by Vertex Ventures US. The round...

Maritime sector is rapidly changing, says Sinha International ship classification society IRClass’ Managing Director Suresh Sinha asserted that classification societies are looking beyond their traditional roles as regulators and exploring ways in which they can leverage their technical expertise to...

ISRO-NASA joint mission in 2022 The Nuclear Power Corporation of India Limited and Westinghouse Electric Company are to finalize the techno-commercial offer for the construction of six nuclear reactors in India at the earliest date. This is part of the...

India to get most advanced helicopters President Donald Trump has signed US$3 billion worth of defence deals with India during state visit 24-25 Feb 2020, taking the two countries ties to a comprehensive global partnership level. India will buy 30...

Dometic-LTTS partnership progresses L&T Technology Services Limited (LTTS) has opened a dedicated Global Engineering Center (GEC) in Chennai to complement Dometic’s product engineering roadmap supporting a multi-year engineering services engagement it has secured from the Stockholm-based global group. The GEC...

Technologies can help detecting frauds One of the challenges for policy makers, especially in countries like India, is to ensure that new innovations in banking sector serve the customer by reducing the cost of financial services and enhancing the range...

Focus on healthcare apps The healthcare apps market in India is projected to post a CAGR of ~31.61% during the 2019-2024 period, reaching Rs.138.00 billion by 2024, according to a ResearchAndMarkets report. It was valued at Rs.27.01 billion in 2018,...

Public cloud share at 66% The cloud infrastructure market in India is estimated to expand at a compound annual growth rate CAGR of ~23.61% during 2019-2024, reaching a value of Rs.196.46 billion by the end of forecast period, said a...