A Tech Hub Rises: Booking Holdings Invests $250 Million in Bengaluru Centre of Excellence
This new center represents a $250 million investment over five years and aims to create 1,000 jobs in Bengaluru by the end of 2026. The CoE in Bengaluru will serve as a hub for specialized and highly skilled technology talent, supporting the company’s growth and its vision for the future of travel.
India’s Retail Boom: Shopping Malls to Grow by 35%
The sector is expected to attract investments upwards of Rs 20,000 crore in the coming years. This capital influx is primarily driven by the resumption of previously stalled projects and the robust operating performance of existing malls.
Charging Up India: Tesla and Fisker’s Big Bet on the Indian EV Market
The entry of Tesla and Fisker into the Indian electric vehicle (EV) market is a significant development, highlighting the growing global interest in India’s burgeoning EV industry.
Balancing Act: The 16th Finance Commission and India’s Tax Devolution
The terms of reference (ToR) for the 16th Finance Commission have been approved by the Union Cabinet, chaired by Prime Minister Narendra Modi. The Commission will review the devolution of taxes between the Centre and states for the five-year period from April 1, 2026, to March 31, 2031. Its report is expected to be submitted by October 31, 2025.
Navigating the Future: Mobikwik’s Path to an $84 Million IPO
The Gurugram-based company, known for its mobile wallet and buy now, pay later services, is targeting to raise approximately $84 million through this IPO, which is slated for 2024.
Prosus Downgrades Byju’s Valuation to Below $3 Billion Amid Challenges
The significant valuation markdown of Byju’s by Prosus NV, a leading tech investor, marks a notable shift in the edtech sector. Prosus has reduced the valuation of the Indian education firm to under $3 billion, a dramatic decrease from its peak valuation of $22 billion in the previous year
Navigating the Housing Crisis: RBI’s Plan for Stalled Real Estate Projects
The recent decision by the Reserve Bank of India (RBI) to allow additional housing loans for stalled real estate projects to be treated as standard credit is a significant move in the Indian real estate sector.
The Future is Electric: Karnataka’s Bold 2023 EV Policy Agenda
This ambitious policy is designed to attract an investment of approximately Rs 50,000 crore and generate job opportunities for one lakh individuals over the next five years
Digital Payments Surge in India: RBI’s Latest Data Reveals a Declining Trend in Cash Transactions
The recent data from the Reserve Bank of India (RBI) highlights a significant shift in the Indian financial landscape, with digital payments showing robust growth while cash transactions are on the decline.
E-commerce and Travel Industries Rejoice: A Closer Look at India’s GST Amendments
The Indian government has introduced several significant changes to the Goods and Services Tax (GST) regime, particularly focusing on simplifying processes for the e-commerce and travel industries