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World Economic Forum: Karnataka signs MoUs worth Rs 22,000 crore with seven firms
Economic Times
·
1y ago
Medial
The World Economic Forum (WEF) and the government of Karnataka have signed multiple memorandums of understanding (MoUs) worth Rs 22,000 crore ($3 billion) with various companies including Microsoft, Hitachi, and others. These collaborations aim to promote the state's economic development by leveraging technologies such as artificial intelligence (AI), cloud computing, and smart manufacturing. The MoUs were announced during the Global Investors Meet organized by the Karnataka government.
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Related News
Karnataka government signs MoUs with two Korean firms
YourStory
·
1y ago
Medial
The Karnataka government has signed two MoUs worth Rs 1,040 crore with DN Solutions and EMNI Company Limited in Seoul, South Korea. The strategic partnerships will boost manufacturing, research and development, and battery technology sectors in the state. DN Solutions will invest Rs 1,000 crore in establishing machine manufacturing facilities, a research center, and a technical support center. EMNI Co. Ltd will invest Rs 40 crore in battery technology advancements, particularly focusing on the storage, testing, and recycling of LG Energy Solution's battery cells in Karnataka.
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Investment MOUs worth Rs 16 lakh crore signed in Davos: Fadnavis
YourStory
·
6m ago
Medial
Maharashtra signed MoUs worth Rs 16 lakh crore at the World Economic Forum in Davos, aiming to boost its GDP to $1 trillion by 2030, as part of India's $5 trillion economy target. Chief Minister Devendra Fadnavis attributed this to investor confidence in policy continuity and Prime Minister Narendra Modi. Agreements span various sectors, with the state committed to ensuring these translate into real investments. Indian leaders emphasized collective growth for national progress.
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CtrlS signs pact with Telangana govt for setting up Rs 10,000 crore AI data centre cluster
Economic Times
·
6m ago
Medial
CtrlS Data Centres Limited has signed a Memorandum of Understanding with the Telangana government to establish a state-of-the-art AI data centre cluster, investing Rs 10,000 crore. Finalized at the World Economic Forum in Davos, the project will feature a 400 MW capacity. It promises to generate 3,600 jobs and boost the state’s economy through increased tax revenues. This initiative aims to position Telangana as a global leader in digital infrastructure and technology, enhancing IT capabilities and fostering inclusive growth.
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IN-SPACe signs two MoUs with Karnataka for manufacturing park, CoE
Economic Times
·
3m ago
Medial
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) and Karnataka’s IT-BT department have signed two MoUs to boost commercial space infrastructure in Karnataka. One aims to establish a Centre of Excellence for Space Technologies in Bengaluru, while the other focuses on developing a public-private space manufacturing park. This collaboration is expected to enhance Karnataka's position as a space industry hub and support India's growth in the global space sector.
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RBI selects McKinsey, Accenture to develop AI & ML based system for supervision on banks and NBFCs
IndianStartupNews
·
1y ago
Medial
The RBI has chosen McKinsey and Accenture to develop AI and ML systems for supervisory tasks, following an EoI invitation last year. These firms were selected from a shortlist of seven, with a contract worth Rs 91 crore. The project aims to optimize data attributes for better supervision inputs, enhancing financial stability across various institutions under RBI's purview.
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Tamil Nadu pitches for more R&D and advanced manufacturing in the state
Economic Times
·
6m ago
Medial
At the World Economic Forum 2025 in Davos, Tamil Nadu's government discussed expanding R&D and advanced manufacturing with major automotive and electronics firms. State Industries Minister TRB Rajaa and his team promoted Tamil Nadu as a hub for innovation and digital infrastructure, showcasing new opportunities in electronics, data centers, FMCG, superfoods, finance, and pharmaceuticals. They emphasized nurturing an AI-ready workforce and socio-cultural development. Interest from global firms affirmed Tamil Nadu’s potential for industry expansions and collaborations.
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Bihar to be next industrial and tourism destination: Deputy CM Samrat Choudhary
Economic Times
·
1m ago
Medial
Bihar Deputy Chief Minister Samrat Choudhary announced infrastructure improvements and VAT reduction on air turbine fuel to attract tourists and investments. The state plans to develop the Bihta International Airport and five new airports. Additionally, Bihar is creating a 6,000-acre land bank and developing ponds for private investment in recreational activities. MoUs worth ₹1.8 lakh crore have been signed for industrial units, including ethanol plants, emphasizing the state's readiness for economic development.
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Nazara allots ₹100-crore shares to Zerodha's Kamath brothers
Inshorts
·
1y ago
Medial
Nazara Technologies, in a regulatory filing, announced its board has approved the allotment of shares worth around ₹250 crore to seven investors. Two firms associated with Zerodha founders Nithin and Nikhil Kamath have been allotted shares worth ₹100 crore, the filing showed. Plutus Wealth Management and three ICICI Prudential-related funds are among the other investors.
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DIEZ Unveils AED 500 Million Venture Capital Fund To Support Tech Start-Ups
OutlookIndia
·
1y ago
Medial
Dubai Integrated Economic Zones Authority (DIEZ) has announced the launch of a venture capital fund worth AED500 million (approximately Rs 11,332 cr) to provide financial assistance to technology start-ups. The fund, established by Oraseya Capital, the venture capital subsidiary of DIEZ, aims to support the growth of small and medium-sized enterprises in various emerging sectors. The announcement was made during the Dubai Business Forum, with the objective of aligning with the Dubai Economic Agenda's goals for economic development.
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Mistral AI plans IPO | TechCrunch
TechCrunch
·
6m ago
Medial
French AI lab Mistral, founded in 2023, plans an IPO and expansion into Asia-Pacific. Co-founder Arthur Mensch announced at the World Economic Forum that Mistral aims to grow in Europe and the U.S., with additional offices in Singapore. Mistral, valued at around $6 billion, has raised $1.14 billion from investors like Andreessen Horowitz and competes with firms like OpenAI. It offers AI models, including a ChatGPT-like service named Le Chat.
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