Latest news with #SAYANCHAKRABORTY
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
India OKs Elon Musk's Starlink service
Starlink satellites are launched into orbit from Cape Canaveral, Florida, on June 10: A constellation of 4,408 Starlink satellites now has the green light to offer communications services in India. © Reuters SAYAN CHAKRABORTY BENGALURU -- India has cleared Elon Musk's Starlink to launch satellite communication services in the country, its space regulatory body said in a statement on Thursday. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) said that Starlink Gen1, a constellation of 4,408 satellites operating at altitudes between 540 kilometers and 570 km, has been given the green light to offer services in India for five years.
Nikkei Asia
07-07-2025
- Business
- Nikkei Asia
Capgemini buys India-based WNS for $3bn to boost AI capabilities
WNS is considered strong in agentic AI solutions -- systems that can make decisions autonomously and execute on them. (Source photos by Reuters and screenshot from WNS's website) SAYAN CHAKRABORTY BENGALURU -- Capegemini, a French technology company, said on Monday that it will pay $3.3 billion in cash to buy WNS, a Mumbai-headquartered business process management company, to bolster its artificial intelligence capabilities. WNS, which also has headquarters in London and New York, straddles about eight sectors including banking, insurance and packaged goods, and counts United Airlines, Aviva and McCain Foods among its clients. It posted profits of $170 million in the fiscal year ending in March 2025 on revenues of $1.3 billion.
Nikkei Asia
01-07-2025
- Business
- Nikkei Asia
Vedanta eyes 'strategic' Indian rare-earth production within 5 years
Hindustan Zinc, among the world's largest producers of zinc, silver and lead, wants to mine and process neodymium, a rare earth used in permanent magnets. (Hindustan Zinc) SAYAN CHAKRABORTY BENGALURU -- India's Hindustan Zinc is eyeing rare earth minerals but kick-starting production could take up to five years, a top executive told Nikkei Asia, highlighting the difficulties in building a domestic supply chain to counter China's dominance of the sector. Chief Executive Arun Misra said that Hindustan Zinc, a subsidiary of Indian natural resources conglomerate Vedanta, wants to mine and process neodymium, a rare earth used in permanent magnets. The company is among the world's largest producers of zinc, silver and lead.
Nikkei Asia
01-07-2025
- Business
- Nikkei Asia
Vedanta unit eyes rare earth production in India within 5 years
Hindustan Zinc, among the world's largest producers of zinc, silver and lead, wants to mine and process neodymium, a rare earth used in permanent magnets. (Hindustan Zinc) SAYAN CHAKRABORTY BENGALURU -- India's Hindustan Zinc is eyeing rare earth minerals but kickstarting production could take up to five years, a top executive told Nikkei Asia, highlighting the difficulties in building a domestic supply chain to counter China's dominance of the sector. Chief Executive Arun Misra said that Hindustan Zinc, a subsidiary of Indian natural resources conglomerate Vedanta, wants to mine and process neodymium, a rare earth used in permanent magnets. The company is among the world's largest producers of zinc, silver and lead.
Nikkei Asia
26-06-2025
- Business
- Nikkei Asia
Drone maker Raphe raises $100m in India's largest defense startup deal
Indian drone maker Raphe mPhibr makes drones that can be used for surveillance or logistics, with Indian military and paramilitary forces as customers. (Photo by Raphe mPhibr) SAYAN CHAKRABORTY BENGALURU -- Indian drone maker Raphe mPhibr said Thursday that it had secured $100 million from global investors to expand manufacturing, marking the largest venture funding round for a defense startup in the country. U.S.-based venture capital firm General Catalyst, which has backed defense startups like Andruil in its home market and Helsing in Europe, led the funding with participation from existing investors, including Think Investments, a Silicon Valley VC.
