Technology

The India data center market size is projected to reach US$1.5 billion by 2022 from US$1.0 billion in 2018, growing CAGR of 11.4% during the forecast period (2018-2022).

Global payment company, Mastercard, plans to invest additional US$1 billion in the Indian market, nearly a third of which will be for a payments processing node that would be linked to its global network.

Ratan Tata, Chairman Emeritus of Tata Sons, has invested in Ola Electric Mobility Pvt Ltd’s Series A round of funding, said the electric car company on 6 May 2019.

The Furniture Market in India would grow to US$61.09 billion by 2023, with 14.30% growth year-on-year growth, according to ResearchAndMarkets latest report.

Intellectual property (IP) will certainly help secure the economic value of sports activities in India as IP and sports walk hand in hand, said Justice Pratibha M. Singh, Judge, Delhi High Court.

Artificial Intelligence (A.I.) and other Frontier Technologies bridges the gap and reduces the accessibility issues that are present in the country, said Gopalakrishnan S, Joint Secretary, Ministry of Electronics and IT.

New technologies are needed to maintain the quality of water, said U.P. Singh, Secretary, Ministry of Water Resources, River Development and Ganga Rejuvenation.

L&T Construction’s Metallurgical & Material handling Business has won a contract to set up Mansourah Massarrah Gold project in Saudi Arabia.

The Government is setting up a Centre of Excellence for Waste to Wealth Technologies for implementation of sustainable, scientific and technological solutions for waste management, through validation and deployment of available technologies for transformation of waste to wealth.

Swiggy, with about US$1.45 billion raised in 2018, has expanded to 60 Indian cities with a network of 55,000 restaurant partners and a fleet of over 120,000 delivery drivers.