Author: News Desk
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…
Union Trade and Industry Minister Piyush Goyal urged startups to be incorporated and listed in India instead of moving to tax havens. He asked them to contact the government if they had any problems and assured them that they would try to solve the problem. Goyal was talking at the Confederation of Indian Industry (CII) Global Unicorn Summit about shaping 1,000 unicorns in New Delhi by 2030, according to a Commerce Department announcement. He also called for further strengthening of ethical and corporate governance norms in start-ups. The minister emphasized that tax evasion, data fraud and other illegal activities kill…
According to Deloitte’s ‘Women@Work 2022: A Global Outlook’ report, a significant number of female employees will resign within the next two years due to burnout and lack of flexible working hours. The report states that “massive resignation” appears to be continuing, especially among female workers. This report is based on the views of 5,000 women (including 500 in India) surveyed in 10 countries between November 2021 and February 2022. Burnout is a major factor in keeping women away from their employers, and about 40% cite burnout as the number one reason to actively seek new employers. More than half of…
Air India is planning to acquire a 100% stake in AirAsia IndiaIt has sought approval from the Competition Commission of India (CCI) for the sameAirAsia India is majority-owned by Tata Sons Pvt LtdTata Sons has a shareholding of 83.67 per centThe remaining stake is with AirAsia Investment LtdThe move must a part of the group’s efforts to consolidate its airline operationsTalace Pvt Ltd had lately acquired Air India and its low-cost subsidiary Air India ExpressTalace Pvt Ltd is a wholly-owned subsidiary of Tata Sons Pvt Ltd
Wipro will acquire SAP consulting firm Rizing Intermediate Holdings Inc for $540 millionThe all-cash deal marks Wipro’s second acquisition this monthThe transaction is expected to complete before the end of the quarterRizing’s industry expertise will support Wipro’s position as advisor for clients’ most complex SAP transformationsThe US-based Rizing has over 1,300 employeesIt has over 20 offices across North America, Europe, Asia, and AustraliaEarlier this month, Wipro had acquired US-based Convergence Acceleration Solutions (CAS) for $80 mnCAS is a consulting and programme management company
Hyundai’s globally-acclaimed Ioniq 5 will reach the Indian market in 2022The launch will mark Hyundai’s expansion plans for Battery Electric Vehicles (BEV) in IndiaHyundai had recently said it would introduce 6 BEVs by 2028In India, Hyundai launched the first electric SUV, KonaIoniq 5, its second electric vehicle, will reach within a few monthsIoniq 5 is built on Hyundai Motor Group’s Electric Global Modular Platform (E-GMP)It is an innovative system exclusively for next-gen BEVsIts interiors have eco-friendly materials at multiple touchpointsThe exteriors have a dynamic appealIt can achieve a top speed of 260 kmph
Efforts are being made to increase the limit of products that can be bought from startups to Rs 3 crore. Finance Minister KN Balagopal The government supports startups that come up with great ideas. However, the minister said that the trend of moving to other cities in the country and abroad after developing the facilities in the state is not desirable. The Finance Minister was inaugurating the Public Procurement Summit, the largest business-to-government summit organized by the Kerala Startup Mission. The Public Procurement Summit was organized with the aim of making the best products and services of startups available to…
Short video app Moj introduces a new plan for content creatorsIt would help creators earn more than Rs 3,500 cr over three yearsThere would be preliminary and advanced genre-based training coursesMentorship, spotlight programmes, and in-depth workshops on industry trends are also on the cardsThe Indian app aims to get about 1 million creators in three yearsCurrently, it has about 100,000 creatorsIt will build a robust monetisation model for creatorsThe model will continue to evolve with timeIt will also focus on engaging content for a long term
Auto-tech company CarDekho launches RupyyA specialised fintech platform, Rupyy offers financial aid to automobile customers and retailersIt makes the entire loan process easy and convenientIt also ensures a quick turnaround timeThe process follows QR-code based modeCustomers will receive necessary documents within a few minutesThey can also avail the process on rupyy.comCarDekho Financial Services will be merged with this new brand
Dubai’s Digital Infrastructure opens new avenues for global tech and business talents Dubai is becoming the new dream destination of techies and entrepreneurs. As Dubai is building its ‘Digital Infrastructure’ to evolve as a knowledge-based economy, tech-savvy youngsters are keen on everything that is happening there. The recent Golden Visa scheme has attracted a lot of youngsters who aspire to become entrepreneurs to Dubai. The intervention by the Dubai Chamber of Digital Economy to push digital business infrastructure is another step toward the concept of a Knowledge Economy. According to H.E. Omar Sultan Al Olama, the UAE Minister of State…