Category: India LIVE

ACWA Power has signed a power purchase agreement worth SAR 8.6 billion with the Egyptian Electricity Transmission Company to develop a 2-gigawatt wind power plant in South Hurghada, Egypt. The 25-year agreement was formalized on February 18, 2025, marking a significant milestone in Egypt's renewable energy expansion.

The project encompasses the development, financing, construction, ownership, and operation of the wind energy

Solitario Lab Grown Diamonds, an emerging player in the sustainable jewellery sector, has raised USD 3.6 million in pre-IPO funding. This investment will enable the company to bolster its retail presence, expand into new markets, and enhance its manufacturing capabilities. The round was led by a mix of institutional and private investors, highlighting the growing interest in the eco-friendly diamond industry.

Founded by Vivek Oberoi, Solitario has quickly gained

Prointek, a prominent player in the interactive technology and unified communication sectors, has officially opened its latest manufacturing facility in Greater Noida, marking a significant step towards bolstering India’s self-reliance in high-tech production. This new facility, strategically located in the National Capital Region, is expected to not only increase the company’s production capacity but also enhance its contribution to the rapidly expanding sector.

The 250,000-square-foot plant, which has been

Nigeria is set to implement new regulations taxing cryptocurrency transactions and digital activities, aiming to boost fiscal revenue and integrate compliant exchanges into the formal tax system. The Securities and Exchange Commission is developing rules to ensure eligible transactions on regulated exchanges are taxed appropriately.

A bill proposing a 7.5% value-added tax on cryptocurrency service fees has been submitted to lawmakers and is expected to pass this quarter. This initiative

r/developersIndia is hosting its inaugural online hackathon, offering participants the opportunity to earn ₹1,50,000 in prizes while contributing to the open-source community. The event, which is a collaboration with DeepSource, aims to strengthen code security and enhance developers' contributions to improving software ecosystems.

The hackathon, dubbed "Globstar," invites developers of all levels to participate and demonstrate their coding prowess. Participants will be tasked with solving challenges that specifically focus

Privacy advocates continue to challenge the widespread perception that personal data protection is futile in today’s digital age. A growing narrative posits that privacy is dead, suggesting there is little point in striving for data security amid the growing dominance of surveillance and data exploitation. However, this line of thinking has been fiercely contested by experts who argue that not only is privacy very much alive, but it

Tesla Inc. has made a significant move towards entering the Indian market, as evidenced by a surge in job openings across key locations like Mumbai and Delhi. The company is currently seeking to fill 13 roles, spanning customer-facing and back-end positions, marking a clear commitment to establishing a foothold in India’s growing electric vehicle sector.

The announcement comes after Elon Musk’s high-profile meeting with

Red Covenant aims to redefine the mobile RPG experience, combining traditional RPG elements with the power of blockchain to offer players

Ethereum saw a notable price increase of 3.37% amid growing tensions surrounding Solana’s memecoin, LIBRA. The controversy has drawn significant attention within the cryptocurrency community, contributing to Ethereum's market surge. Traders and analysts are closely monitoring the unfolding drama, with many speculating that Ethereum's performance is benefiting from the uncertainty that the LIBRA debacle has generated.

LIBRA, a memecoin that operates on the Solana blockchain,

A staggering 500 ETH, valued at around $1.3 million, has been sent to Ethereum’s zero address in what has become one of the most cryptic blockchain events in recent memory. The transaction, which has captured the attention of the cryptocurrency community, was accompanied by an enigmatic message referencing a Chinese-grade brain-computer interface, claiming its mass implantation in the military and workforce. The unusual act has sparked widespread speculation

Coldware has rapidly emerged as a formidable contender in the blockchain arena, introducing a mobile-first decentralized Layer-1 network that is redefining industry standards. This innovative approach has intensified competition with established platforms like Solana , which is concurrently enhancing its Web3 infrastructure to maintain its leading position.

In early 2025, Coldware unveiled its mobile-first blockchain network, aiming to seamlessly integrate decentralized finance and decentralized applications directly

The Fort

The decision to contribute to the wildfire relief effort comes

Standard Chartered Bank Limited , Animoca Brands, and HKT have announced a joint venture to issue a stablecoin pegged to the Hong Kong dollar . The consortium plans to apply for a license from the Hong Kong Monetary Authority under the region's new regulatory framework for stablecoins.

This strategic partnership aims to leverage the unique strengths of each participant. SCBHK will provide its robust banking infrastructure and

Concerns over the rise of liver problems linked to supplement consumption are growing, with healthcare professionals urging caution. The boom in the global supplement industry, valued at billions of dollars, has seen a corresponding increase in the number of reports regarding adverse health effects, particularly liver damage. While many view supplements as an easy solution for health and wellness, experts are warning about the long-term risks they may pose when not

Waha Capital PJSC, an Abu Dhabi-listed investment management firm, has reported a net profit of AED 381 million for the fiscal year 2024, reflecting a return on average equity of 10%. This performance is attributed to increased fee income and gains on portfolio assets. The company's total income stood at AED 1.176 billion, slightly down from AED 1.222 billion in 2023.

A significant contributor to this achievement is the

Reikon Games, the independent Polish studio renowned for the 2017 cyberpunk shooter 'Ruiner', has announced their latest project, 'Metal Eden'. This first-person shooter is scheduled for release on May 6, 2025, and will be available on PlayStation 5, Xbox Series X|S, and PC platforms.

'Metal Eden' immerses players in a dystopian cyberpunk universe, reminiscent of the studio's previous work. The game was unveiled during the State of Play event

Koei Tecmo Holdings has unveiled a significant leadership restructuring, appointing Hisashi Koinuma as the new President and Chief Executive Officer, effective April 1, 2025. This transition marks a pivotal moment for the Japanese video game developer and publisher, renowned for franchises such as "Dynasty Warriors" and "Ninja Gaiden."

Koinuma, who currently serves as Representative Director and Executive Vice President, will ascend to the roles of President and CEO. His

Vedanta Aluminium, India's leading aluminium producer, has introduced an AI-powered drone system to bolster safety measures at its Jamkhani coal mine in Odisha. This initiative, developed in collaboration with Vedanta's Spark program, aims to enhance operational efficiency and safety protocols within the mining sector.

The AI-driven drones are equipped with advanced software capable of real-time aerial surveillance, automatically detecting and tracking human, animal, and vehicle movements within a 500-meter

smart, the automotive brand renowned for compact urban vehicles, has unveiled a series of compelling offers to promote electric vehicle adoption in the United Arab Emirates . These initiatives, introduced in collaboration with the AW Rostamani Group, aim to make sustainable transportation more accessible to consumers.

The incentives encompass flexible financing options and comprehensive warranties covering both vehicles and batteries. This strategic move is designed to facilitate a

Slotomania, the leading free-to-play slots game developed by Playtika, has been actively enhancing its player experience through strategic partnerships and in-game events. In October 2024, the company extended its collaboration with the popular game show "Let's Make a Deal," sponsoring the Big Deal of the Day segment from October 1 to October 24. This initiative offered contestants the opportunity to win substantial prizes, mirroring the excitement of hitting

The artificial intelligence sector is currently navigating a period of volatility, with stock performances reflecting a mix of investor optimism and emerging challenges. Major tech companies, including Microsoft, Alphabet, and Nvidia, have seen fluctuations in their stock prices, influenced by both advancements in AI technology and competitive pressures from global players.

Microsoft Corporation's stock is trading at $408.43, experiencing a slight decrease of 0.53% from the previous close. Alphabet Inc.

The New York Stock Exchange's electronic trading platform, NYSE Arca, has formally requested approval from the U.S. Securities and Exchange Commission to permit Ethereum staking within Grayscale's Ethereum exchange-traded funds . This proposal, submitted on February 14, 2025, aims to amend the operational framework of the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF, enabling these funds to participate in

Sony Group Corporation has reported a significant surge in PlayStation 5 sales during the holiday quarter, contributing to a notable increase in the company's overall financial performance. Between October and December 2024, Sony shipped 9.5 million PS5 units, surpassing the 8.2 million units sold in the same period the previous year. This achievement brings the total PS5 shipments to over 75 million units since its launch.

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