Author: News Desk
https://youtu.be/OBhPBILXu90 Smallest wearable air purifierNanoclean Global has launched the “world’s smallest” wearable air purifier Naso95. Nanoclean Global, an IIT Delhi start-up, claims it is as effective as an N95 face mask. Naso95 sticks to the user’s nasal orifice and prevents bacteria, viral infection and pollen and air pollution. It comes in four different sizes, gives better protection than a generic facemask or a loosely fitted face mask.According to Nanoclean Global, Naso95 is an N95-grade nasal filter. The product has been tested and certified by national and international labs for its safety and efficiency.
https://youtu.be/abFUuwiIy8A Limited women foundersThe Indian startup ecosystem touched its prime in 2021 with a record level of funding. Although many startups entered the unicorn club, the contribution of women founders have been very limited.Nykaa founder Falguni Nayar says there is a misconception that women have a lot of personal commitments when they start their careers.More flexibility neededThis, even though completely incorrect, becomes an issue for entrepreneurs as they anticipate a change in priority for the woman. “With my own experience I have felt that. Maybe, women need some flexibility during a particular period in their lives,” she said.“I think you can…
https://youtu.be/RCLZceb2-v4 Aiming for more exposure to the startups in the state, Kerala Startup Mission (KSUM) is expanding its wings by associating with national and global partners. KSUM has signed MoUs with eight partners, including the national and international ones. This will provide an exposure for startups in the state.KSUM has partnered with Open FinTech Accelerator and will launch an OPEN Innovation Hub. The programme will be coordinated and implemented by OPEN through KSUM and their other partners in the FINTECH space. This partnership focuses on supporting the FINTECH enterprises with a goal to mitigate the risk that startups face by providing…
Omicron, a factorFor the first time in several months, air passenger traffic in India declined sharply in January due to the spread of the Omicron variant of coronavirus, a latest report by the Airports Authority of India (AAI) says.Compared to 25.12 million in December, Indian airports catered to 15.27 million domestic passengers in January. In November, there were 23.23 million passengers, up from 19.64 million passengers in October. In September it was 15.44 million and 14.26 million in August.Airports in New Delhi, Mumbai, Bengaluru, Hyderabad and Kolkata recorded the highest domestic air passenger traffic during January. Airports at New Delhi,…
Managed by private fund managers The government will create a new equity fund for start-ups with a 20 per cent limited stake to provide additional capital support to the entrepreneurs, and the corpus will be managed by private fund managers, Minister of State for Electronics and IT Rajeev Chandrasekhar had said. The announcement in this regard has already been made by Finance Minister Nirmala Sitharaman, he said. “The finance minister has announced that there will be such a fund where the government will be a 20 per cent limited partner and it will be managed by private fund managers. “There…
https://youtu.be/l5h58VuU0Dw New venturesOla Electric plans to build a battery cell manufacturing plant in India with a capacity of up to 50 GWh. The initial plan is to set up 1Gwh of battery capacity by 2023. Ola will need 40Gwh of battery capacity to meet its annual targetThis will produce 10 million electric scooters and the rest for electric cars. Ola currently produces about 1,000 scooters a day.It has a target of two million in the first phase. Ola Electric is backed by Softbank Group.
https://youtu.be/UnN4DO6XZRY Deal overCrompton Greaves Consumer Electricals Ltd will acquire Butterfly Gandhimathi Appliances Ltd for a total consideration of Rs 2,076.63 crores. It has signed definitive agreements with certain members of the promoter group of Butterfly. It will acquire up to 55 % stake at Rs 1,403 per equity share aggregating up to Rs 1,379.68 crores.Extend product portfolioButterfly is a leading kitchen and small domestic appliances brand. Crompton has, in its long-term strategic plan, laid out the roadmap to “Extend the Core Product Portfolio, a senior official said.This acquisition provides concrete support to Crompton for becoming a leading pan-India kitchen appliances player.…
Star ratingsConsumers will soon be able to quickly spot how healthy, or unhealthy, and nutritious their food packet is. Packaged food items will soon bear a ‘health star’ as part of the new system under the directions from the Food Safety and Standards Authority of India (FSSAI). The system will be akin to the one used by the Bureau of Energy Efficiency for measuring the energy efficiency of electrical appliances, The Economic Times reported.Packaged foods will display the number of stars, which will indicate how healthy or unhealthy the item is. The rating will be based on the amount of…
https://youtu.be/pufYygEpldQ Renewable energy investmentsIndia could be a global green energy superpower with exports of clean energy rising to $500 bn in 20 years, says Reliance Industries Chairman Mukesh Ambani. India should have a strategy to end dependence on fossil fuels in the next two to three decades, he said.India is an attractive destination for renewable energy investments, the Reliance Industries Chairman said. Ambani has announced plans to invest $75 bn in renewables infrastructure like generation plants, solar panels and electrolyzers.Green hydrogen policyThe government has unveiled a green hydrogen policy under which it seeks to manufacture five million tonnes of green hydrogen…
https://youtu.be/bZkMqu9JzVM Big plansSwiggy is eyeing $800 million IPO early next year, a report said. The IPO hopes to raise the funds to expand its market share amid tough rivalry with Zomato. The company plans to position itself as a logistics company, not just a food delivery firmDecacornSwiggy recently turned decacorn by raising $700 million in a funding round led by Invesco. The funding round valued the food delivery startup at $10.7 billionDecacorns are privately-held firms that have a valuation of $10 billion or more. Swiggy reported a 27% decline in its 2020-21 (FY21) operating revenue amid covid-induced lockdowns.