Author: News Desk

https://youtu.be/pUFSBe9ETWA Indian media veteran Tarun Katial is on a mission to make social media safer for women. Katial has been working on the concept of ‘Eve World’ after his wife was trolled on WhatsApp.Birth of Eve WorldEve World became a reality in June 2021 as a first-of-its-kind women-only platform. It aims to empower women to express their opinion, create content, form communities without worrying about the consequences.Katial plans to launch the platform in the US, UK, where female participation in the digital arena is higher. It will be introduced in India, the Middle East and Indonesia initially.Women-only platformEve World is built…

https://youtu.be/PBnQuvla0Wk It was an inspiring moment for entrepreneurs when a wheel-chair bound 91-year-old lady received the prestigious Padma Shri award from the President of India. Jaswantiben Jamnadas Popat was felicitated by the President for her distinguished work in the Trade and Industry category. She is one of the founders of Shri Mahila Griha Udyog Lijjat Papad, a women’s cooperative. She is the only living founder member now. Lijjat or Tasty papadsJaswantiben and her six friends started their new venture using a sum of Rs 80. In 1959, they convened a meeting on a terrace in Girgaum, Maharashtra, and started making papads with…

https://youtu.be/yLvshx9v3uo Largest office spaceThis is one of the first new offices to be opened after Facebook changed its name to Meta. This new Gururgram office is also one of Meta’s “largest office spaces”, the company said. Meta has been working on many India-first products and initiatives like Reels, Live-Rooms, Payments on WhatsApp, and C-FINE.Artificial intelligenceMeta has been working on many India-first products and initiatives like Reels, Live-Rooms, Payments on WhatsApp, and C-FINE. The company said C-FINE will “showcase the impact of new technologies” and have a dedicated area for “demonstrating AR and VR.

https://youtu.be/lm8rtxHfOEY CloudSEK, an artificial Intelligence digital risk management and cybersecurity platform provider, has raised $7 million ( Rs 50 crores). It was led by MassMutual Ventures. Strong investors The latest round takes the total amount raised by the platform to $10 million (72 crore). The round saw participation from Omidyar Network India, 100X Entrepreneur, individual investors Firoz Meeran and Navas Meeran. Existing investors Exfinity Venture Partners, IDFC Parampara, and StartupXseed Ventures also participated. Expansion plans The startup will use the funding to accelerate its sales and marketing efforts across Asia-Pacific, the Middle East, North America. CloudSEK will also ramp up…

https://youtu.be/bzpnD8PNHGg Hyundai Motors is planning to invest Rs 4,000 crore to develop electric vehicle technologies and infrastructure. It will invest the money for its EV line-up’s R&D expansion till 2028.Eyeing EV marketHyundai Motor India MD & CEO S S Kim was quoted as saying by PTI that the company is gearing up to expand its presence in the EV space in the country in a big way with the first of the six new products being expected to debut next year.The company will also introduce its dedicated ‘electric global modular platform’ (E-GMP).”As we continue to redefine the mobility space, today we…

https://youtu.be/4-8xqzGECBQ The food processing ministry has approved 60 applications of investment proposals by packaged food companies, including Amul, ITC, HUL, Britannia Industries, Parle Agro, Tata Consumer Products and Nestle India seeking benefits under the production-linked incentive (PLI) scheme.Boost for industryIn March this year, the Union Cabinet approved a PLI scheme for the food processing sector, entailing an outlay of Rs 10,900 crore. The scheme will help create 2.5 lakh jobs, boost exports and ensure availability of a wider range of value-added products for consumers.The ministry had invited expressions of interest (EOI)/ proposals for availing incentives under the PLI scheme for food…

https://youtu.be/oZxhyNQLrfQ Byju’s, the world’s most valuable tech company, has acquired Austria-headquartered GeoGebra. The Austrian company has a dynamic, interactive and collaborative mathematics learning tool.Major acquisitionThe value of the transaction is about $100 million, according to reports. This marks Byju’s 9th major buy this year. This acquisition complements Byju’s overall product strategy. It integrates GeoGebra’s capabilities to enable the creation of new product offerings and learning formats to its existing portfolio. GeoGebra will continue to operate as an independent unit within the Byju’s group under  its Founder Markus Hohenwarter. 

https://youtu.be/Qs2EIc4FUwM Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India may be severe. Arrest warrantThose who infringe the law are subject to arrest without a warrant and being held without bail, a media report said.The government has previously flagged that it plans to ban most cryptocurrencies“The government is planning a “general prohibition on all activities by any individual on mining, generating, selling, dealing” in digital currencies as a “medium of exchange, store of value and a unit of account”, the report said. Strict regulationsFlouting any of these rules would also be “cognizable” which means an arrest…

https://youtu.be/gJXT9pTwy0Q Kerala Startup Mission is organising Women Startup Summit 3.0 to inspire and motivate women in entrepreneurship. The Women Startup Summit 3.0 started on December 9th and will end on December 16 Rise To Equal – Post Pandemic ERA is the theme of this year’s summit. The summit will be held in three categories: Innovation Challenge, Investor Cafe and Hackathon. Grant offered The winners of the Innovation Challenge will get a grant of Rs 5 lakh. In addition to the grant, successful entrepreneurs are eligible for soft loans and seed funds of up to `15 lakh (6% interest). Investor Cafe…

https://youtu.be/9GPir0rvUjw Sterlite Power Transmission and ESDS Software Solution have received Sebi’s go-ahead to float IPO’s. The two companies had filed their preliminary IPO with the Sebi during August and September.Sebi NodSterlite Power Transmission and ESDS Software Solution have obtained an observation letter from Sebi. Sterlite Power Transmission is looking to raise Rs 1,250 crore through an initial share-sale. It  is promoted by Anil Agarwal and Twin Star Overseas.