With new USD 650 mn war chest for India, Accel eyes AI, consumer, fintech, manufacturing startups

New Delhi: Global venture capital firm Accel on Monday announced that it has raised a USD 650 million early-stage fund to fuel the next generation of category-defining startups in the focus sectors of artificial intelligence (AI), consumer, fintech and manufacturing. Accel is the first institutional investor in 80 per cent of its portfolio companies. Its…

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India’s economy projected to grow 6.6% in 2025, supported by strong private consumption, investment: UN

United Nations: The Indian economy is projected to expand by 6.6 percent in 2025, primarily supported by robust private consumption and investment, according to a United Nations report that said economic growth in South Asia is expected to remain robust this year mainly driven by the “strong performance” in India. The UN World Economic Situation…

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Trump’s Threat to Annex Canada

In a shocking twist on international diplomacy, U.S. President-elect Donald Trump has reportedly threatened to make Canada the 51st state of the United States. This startling proposition, accompanied by an unprecedented warning of potential use of force, has rattled the political landscape on both sides of the border. While this assertion has raised more eyebrows…

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US Congressman challenges Biden Administration’s decision to investigate Adani

Washington: Challenging the decision of the Biden Administration to investigate the activities of Indian billionaire Gautam Adani and his companies, an influential Republican lawmaker on Tuesday said such selective actions risk damaging critical alliance partners. In a strongly worded letter to US Attorney General Merrick B Garland, Congressman Lance Gooden, member of the House Judiciary…

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