TCS's $1 Billion JLR Coup🚗, Foxconn Joins the EV Ride🔌
RBI's Fintech Challenge, Ather's ₹900 Crore Boost, Sundar Pichai's Bold Prediction on AI's Dominance, Funding Deals and more.
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🚀 TCS Revs Up With $1 Billion JLR Deal! 💰
Tata Consultancy Services (TCS) has shifted into high gear with a £800 million ($1 billion) strategic partnership with JLR's Digital unit. Over the next five years, TCS will streamline and manage the digital landscape, driving innovation for the iconic carmaker. 💼
🔌 Foxconn Plugs into India's EV Ambitions! 🚗🇮🇳
Foxconn, the Taiwanese tech manufacturing giant, is eyeing India's electric vehicle (EV) market, with Tamil Nadu in its sights. Talks with the state government revolve around potential EV production. As India charges towards an electric future, Foxconn aims to play a significant role. ⚡
🤝 RBI Governor's Call to Fintechs: Self-Regulate and Soar Responsibly! 🏦
RBI Governor Shaktikanta Das urged Indian fintech startups to build responsibly, safeguarding customer interests. His suggestion is to form a self-regulatory organization (SRO) to guide this burgeoning sector towards a secure and prosperous future. It's a call for innovation with responsibility! 💼📊
🛵 Ather Powers Up with ₹900 Crores from Hero MotoCorp and GIC🔌
Electric scooter innovator Ather Energy is charging ahead with a significant investment. They've secured ₹900 crores through a rights issue from their existing backers Hero MotoCorp and GIC. This comes on top of the ₹550 crores pledged by Hero MotoCorp earlier. It's electrifying times for Ather Energy! 🔋
🤖 Sundar Pichai: AI is the Next Big Thing, Even Bigger than the Internet 🌐
Google CEO Sundar Pichai has made a bold prediction: Artificial Intelligence will eclipse the internet in terms of technological impact. In a memo penned ahead of Google's 25th anniversary, Pichai highlighted AI as the most significant shift in our lifetimes. Prepare for a future where AI reshapes our world! 🤯
Electric scooter manufacturer Ather Energy has raised Rs 900 crore from existing investors Hero MotoCorp and GIC through right issue.
Early-stage B2B SaaS-focused venture capital firm Pentathlon Ventures has announced the launch of its second fund, Fund II, with a target corpus of Rs 450 crore.
Mumbai-based Unicorn India Ventures (UIV), an early-stage fund house with a pan India presence, has announced the first close of its Rs 1,000 crore Fund III. The first close has already reached Rs 225 crore and final close is expected by March 2024.
Alternative investment firm Anicut Capital has secured an investment of Rs 50 crore from the Small Industries Development Bank of India (SIDBI) for the Anicut Equity Fund.
Silicon Valley-based artificial intelligence chip startup d-Matrix has raised $110 million from investors, including Microsoft Corp, at a time when many chip companies are struggling to raise cash.
Tweet of the day🐥
“Opportunities don’t happen, you create them.”
🚀 That's a wrap for today's tech rollercoaster! Hope your day's charged up!
Catch those dreams and meet us back here tomorrow for the Weekly Review edition.
Until then, stay geeky, stay curious, and remember, the future's just a click away! 🌟