Author: News Desk
The Cochin Shipyard to invest an initial corpus of Rs 50 cr in maritime startupsSaid Sarbananda Sonowal, Union Minister for Ports, Shipping, and Water WaysThe Minister was attending the Golden Jubilee celebrations of Cochin ShipyardHe also unveiled the startup engagement framework of Cochin ShipyardThis would help startups work on technical, regulatory, financial and marketing perspectivesThe platform to support young, talented entrepreneursEntrepreneurs can use it to develop products/services in the marine space
Explore the top 10 most expensive homes in the world in 2022England’s Buckingham Palace with an estimated value of $6.7 bn holds the first placeIt is the loyal residence and administrative headquarters of the monarch of the UKSecond, comes India’s Antilia with an estimated value of $2 billionLocated in Mumbai, Antilia is the residence of billionaire Mukesh AmbaniFrance’s Villa Leopolda valued at $750 million holds the third placeThe estate was once owned by King Leopold II of BelgiumThe One, situated in Bel Air, Los Angeles, California, comes in the fourth placeThis 21-bedroom, 41-bath hilltop estate is valued at $500 millionVilla…
Life Insurance Corporation of India (LIC), will launch its initial public offer (IPO) on May 4 The initial public offer (IPO) is the biggest in the history of the Indian capital market The offer will open for subscription on May 4 The last day to subscribe to the IPO is May 9 The price band for the offer has been fixed at Rs 902-949 per equity share of face value Rs 10 each The government of India is aiming to garner Rs 21,000 crore Investors can bid for a minimum lot size of 15 shares and in multiples thereof The…
Neobank OPEN becomes India’s 100th unicorn, total valuation hits $332.7bn India’s startup ecosystem comes bearing good news. The third-largest startup ecosystem in the world in terms of the number of unicorns, India is now home to 100 unicorns with a total valuation of $332.7 billion. Neobank Open became the 100th unicorn. Neobank startup achieved the coveted status by securing funding of $50 million from IIFL along with its existing investors. Neobank OPEN offers small and medium-sized businesses and enterprises almost all the features of the bank. According to the Ministry of Commerce & Industry, now, 1 out of every 10 unicorns globally…
Forbes Crypto Billionaire List Gets Seven New Additions This Year | Changpeng Zhao Cryptocurrencies shot into fame in the last two years. People around the world have been trying their luck in this new sphere with new coins and exchanges, since then. The latest news from the crypto world is that the Forbes crypto billionaires list has got seven new additions this year, marking a 58% increase. Cryptocurrency trading platform Binance’s CEO and founder Changpeng Zhao remains the undisputable richest man in the crypto industry with a net worth of $65 billion. This Canadian crypto billionaire is also the 19th…
Wipro GE Healthcare introduces ‘Revolution Aspire CT Scanner’ It is an advanced imaging solution designed and manufactured entirely in India It was done at Wipro’s new plant launched under the Production Linked Incentives (PLI) scheme The innovation is in tune with the Atmanirbhar Bharat initiative It aims to make quality diagnosis accessible across India The scanner has a 70 cm gantry bore aperture It can accommodate a diverse set of patients
The women’s healthcare market is booming drastically. According to reports, the global women’s healthcare market would hit $17.8 billion by 2024 from the current $9.6 billion. Startups in the industry are busy bringing about innovative solutions to women’s issues. Channel I Am introduces seven such startups. 1. PROACTIVE FOR HER: Started by Achitha Jacob in 2020, the startup ‘Proactive for Her’ offers both online and offline services to problems related to skincare, haircare, PCOS, menstrual health, and sexual health among others. It has a large team comprising therapists, nutritionists and doctors. The company claims that so far it has served…
Kerala Startup Mission (KSUM) to host Fintech summit on May 5 It will ensure that technological innovations in the state benefit rapidly from an ongoing rise in technical and financial knowhow amid economic betterment The event will be followed by a Draft Fintech Policy for Kerala for the next 10 years The Fintech Summit will feature experts-led panel discussions on eight subjects and startup pitching The event aims to build an inclusion in the fintech sector and lay the groundwork for creating an ecosystem to prepare a draft fintech policy It is in continuation with a roundtable KSUM had proposed…
Startups from Bengaluru have done it againThey won half of the overall funding in the first three months of 2022Top deals are Byju’s, Swiggy, Dunzo, Udaan, Glance, Ola Electric and LivSpaceThey raised a little over $6 billionTop deals from other cities are the followingGurugram’s top deals: Oyo, Zomato, and DelhiveryMumbai’s top deals: PharmEasy, Eruditus, Dream Sports
Mukesh Ambani is planning two mega IPOsIPOs would be Reliance Retail Ventures (RRVL) and Reliance Jio Platform (RJPL)Each company may raise Rs 50,000 – 75,000 in stake saleAmbani may announce it at the annual general meeting (AGM) of Reliance IndustriesRRVL IPO may get launched by around December 2022It will be followed by RJPLLooks like, Ambani also plans a global listing for both RRVL and RJPLReliance Jio may get listed in the US on the NasdaqNasdaq is the world’s largest marketplace for tech companies