Author: News Desk
In the next two months, Shillong will become home to the nation’s first centre of excellence for online gaming, which will encourage entrepreneurs and startups from the northeastern region to create the online gaming ecosystem of the future. Through the Software Technology Parks of India, Digital India Startup Hub will establish the centre. A state-of-the-art facility will be established under the National Institute of Electronics and IT (NIELIT) to provide training in cutting-edge digital skills in Shillong, according to Rajeev Chandrasekhar, the minister of state for electronics and information technology, skill development, and entrepreneurship, who was in Shillong.He continued by…
The Commerce and Industry Minister Piyush Goyal has launched the platform MAARG (Mentorship, Advisory, Assistance, Resilience, and Growth), a portal for mentorship for startups across sectors and geographies. The portal will go live on January 16. The matchmaking phase of the portal will let startups connect with mentors and discuss their needs. During the event, the minister will also award outstanding startups that have shown exceptional capabilities in terms of financial gains and measurable impact on society. The winners will receive a cash prize of Rs 5 lakh each. Rs 15 lakh will be awarded to one outstanding incubator and one accelerator each.
According to a recent report by the New York Times, the micro-blogging platform Twitter is considering selling usernames to generate new revenue. Ever since the $44 billion purchase, Twitter owner Elon Musk has been looking for new ways to generate more revenue. Since his takeover, many advertisers left the platform. The company has been reducing its internal revenue projections. The new tactics consider organising online auctions where people can bid for usernames. This has been in discussion since December. More details of the bid are not yet known. It is not clear whether the new move would affect all usernames or a few. In December 2022, Musk tweeted that Twitter would soon free up 1.5 billion usernames, hinting at deleting…
Startups with a DIPP Unique ID can petition for income tax exemption, according to Khushbu Verma, a spokesman of Startup India. Startups that have been established for less than ten years are eligible for this exemption. Startups would be excluded from paying income tax for up to three years in a row, according to Khushbu Verma’s statement to channeliam.com. Startups having a distinct ID registered in Startup India are exempt from Section 56’s requirement to pay angel tax. An early-stage startup cannot qualify for income tax advantages. Startups are only eligible to apply for the benefit two years following their…
Vayve Mobility, a Pune-based startup, introduced the prototype of a solar-powered electric vehicle called ‘Eva’ at the Auto Expo 2023. The startup claims Eva to be India’s first solar-powered EV. This climate-controlled compact car can accommodate two adults and a child and can easily navigate and park. Compatible with android auto/Apple car play, the two-seater car has a six-way adjustable driver seat and a panoramic sunroof. In addition to the battery pack, the smart car has solar panels on its roof. The car is built on Monocoque chassis and comes with an IP68-certified powertrain and safety features such as a…
In 2022, January 16 was designated as National Startup Day with the goal of highlighting and supporting up-and-coming companies in the nation. Prime Minister Narendra Modi declared the official adoption of this day, referring to startups as the foundation of the “new India.” Several events are being held this year as part of the Azadi Ka Amrit Mahotsav celebrations at more than 75 locations across the nation with the goal of fostering an entrepreneurial and innovative spirit by involving the startup community.These include workshops specifically targeted at women entrepreneurs, workshops for incubator training, mentorship workshops, stakeholder round tables, workshops for…
New layoffs and a redesign of a number of features marked the start of Twitter’s ongoing transformation. The “bookmark” button, image length crop, and other adjustments were verified by the new CEO Elon Musk on Friday. The businessman provided a specific timeline for some of the upgrades, but his comments on the microblogging website suggest that there are still more adjustments in the pipeline. He wrote in a post on Friday, “Bookmark button relocating to tweet details page, resolving image length crop, and other minor bug fixes next week.” Additionally, the new Twitter CEO announced that bookmarks would become “searchable.”…
It’s important to follow your passions in life. No MNC job or size of paycheck could be compared to the satisfaction you get from following your passion. Meet Nihas Salahudeen, a man who, through pure willpower and dedication, transformed his hobby into a lucrative job. Young people who are hesitant to follow their passions can get motivation from Nihas. Visualise a galaxy and a night sky with purple colours and sparkling stars painted on a helmet. What if the celestial beauty is combined with an unconnected design? Nihas Salahudeen, a native of Thiruvananthapuram, is engaged in producing such a dreamlike…
By the end of the current fiscal year, Ajanta Shoes, a 66-year-old footwear firm with headquarters in Kolkata, expects to boost its turnover by close to 32% to $500 billion from 380 billion in FY-22. ImpaktoThe company, which debuted its AI-inspired smart sneakers under the Impakto brand, anticipates strong demand from both domestic and international markets. Sagnik Banik, the managing director of Ajanta Shoes, claims that Impakto predominantly produces athletic and athleisure footwear, with that market contributing about 13% of the company’s overall revenue in the previous fiscal year. It anticipates that as the market for sports and athleisure expands,…
The United Arab Emirates (UAE) has revised the minimum age requirement to run a business. As per the amended law, the new age limit is 18 years. Earlier, the age limit was set at 21. The amendment, which is aligned with international regulations, will give more opportunities to youngsters. Guidelines related to the amendments were published in October 2022. It has now become a law. Earlier, those who were aged between 18 and 21 were supposed to register the business under a legal guardian as a ‘temporary owner.’ Shares could be transferred once the individual reached the legal age. This procedure is not needed now. According to industry experts, this would give…