Author: News Desk
Training for high-qualified engineersThe Ministry of Electronics and Information (MeitY) has sought applications from 100 academia, R&D organisations, start-ups and MSMEs under its Chips to Startup (C2S) Programme. The C2S programme aims to train 85,000 number of high-quality and qualified engineers in the area of Very large-scale integration (VLSI) and embedded system design as well as result in development of 175 ASICs (Application Specific Integrated Circuits), working prototypes of 20 System on Chips (SoC) and IP Core repository over a period of 5 years.C-DAC (Centre for Development of Advanced Computing), a scientific society operating under MeitY, will serve as the…
Animal Husbandry Startup Grand Challenge 2.0 The Department of Animal Husbandry and Dairying, in partnership with Startup India has launched the ‘Animal Husbandry Startup Grand Challenge’, to scout for innovative and commercially viable solutions to address the problems faced by the animal husbandry and dairy sector. The challenge was launched by Prime Minister on 11th September 2019 at a national animal disease control programme in Mathura. The challenge was open for application to startups from 11th September 2019 to 30th October 2019, on the Startup India portal – www.startupindia.gov.in. 157 applications were received in total for the six problem statements…
Bengaluru, India’s startup hub Bengaluru retained its title of India’s startup hub with 14 companies being recognised at the National Startup Awards 2021. In all, 46 startups from across the country were chosen, and 14 firms from Karnataka made up for 30 per cent of all the awards given this year. India is home to 80 plus unicorns, and a majority of them including Byju’s, Zerodha, Cred, Big Basket and Ola Electric are from Bengaluru. The 14 startups focus on agriculture, animal husbandry, education and skill development, enterprise systems, fintech, health and wellness, industry 4.0, transport and travel. The startups…
https://youtu.be/l0-H2W_Aztc Third unicorn in 2022Lead School has raised $100 million from investors GSV Ventures and WestBridge Capital. The financing round makes Lead School the third startup to enter India’s unicorn club in 2022. Presence in 500 citiesIt is also the sixth Indian edtech company to reach unicorn status. “Lead adopts an outcome orientation for schools. Students’ learning outcomes have improved by 20-25% ” Sumeet Mehta, cofounder of Lead School, said. Lead School works with 5,000 schools across 500 cities. It has hit an annual contract value of $80 million in 2021-22.
https://youtu.be/7DpK4epoze0 Startup India Innovation WeekFuel-at-doorstep venture Repos receives the National Startup Award 2021. It was presented on National Startup Day as part of the prestigious 6-day Startup India Innovation Week. Repos was one among the 150 startups that presented their recommendations Ratan Tata backed firmRepos is backed by former chairman of Tata Sons, Ratan Tata. It was recognised by the Ministry of Petroleum and Natural Gas for its initiation of door-to-door delivery of fuel.The founders of Repos are Aditi Bhosale Walunj and Chetan Walunj.
Exports surgePassenger vehicle exports from India increased 46 per cent in the first nine months of the current fiscal year. Maruti Suzuki India leads the segment with dispatches of around 1.68 lakh units, as per the latest data by Society of Indian Automobile Manufacturers (SIAM). The total passenger vehicle (PV) exports stood at 4,24,037 units in April-December 2021-22 as compared with 2,91,170 units in the same period a year ago.Passenger car shipments saw 45 per cent growth at 2,75,728 units while utility vehicle exports rose 47 per cent at 1,46,688 units during the period under review, the SIAM data said. …
https://en.channeliam.com/wp-admin/post.php?post=52814&action=edit Vedanta Group is willing to spend $12 billion to acquire Bharat Petroleum Corp. Vedanta chairman Anil Agarwal expects India to open the bids for BPCL in March. More participantsBesides Vedanta Group, Apollo Global Management and I Squared Capital have shown interest. “The market cap of the company is about $11 billion to $12 billion, so this is the amount of investment we’re looking at.”Anil Agarwal said. The country is expecting global oil majors to team up with investment funds to participate in the sale. Bidders are finding it difficult to invest due to global sustainability rules.
https://youtu.be/3PpkbiPHpY0 Viral through birthday videoRatan Tata’s birthday video is still viral on social media. There’s a young man who went viral through that clip. Shantanu Naidu holding the hand of Ratan Tata, the business tycoon in India. People are still searching the internet to find more about Shantanu. This young man is the Deputy General Manager of the Tata Trust. Who is Shantanu Naidu?Shantanu Naidu was born in 1993 in Pune, Maharashtra. Shantanu has a long list of titles, including engineer, junior assistant, DGM, social media influencer, writer and entrepreneur. An MBA graduate from Cornell University, Shantanu Naidu is a fifth-generation…
https://youtu.be/fwW55LD6Jmw Federal Bank has launched federalinstaloans.com to facilitate quick and hassle-free credit approvals. Micro, Small & Medium enterprises (MSMEs) across India can avail up to Rs 50 lakh.Loans available in less timeThe platform enables borrowers to avail loans in less than 30 minutes. It also uses algorithms to read and analyse data points. Loan will be made available after the documentation process gets completed. The MSME borrowers have the liberty to choose their Federal Bank branch for the loan approval.
https://youtu.be/Lj0kXUX3bwE Changpeng Zhao, who runs the crypto exchange Binance, has become Asia’s richest person. He has an estimated net worth of at least $96.5 billion. Richest via Binance Zhao’s fortune is just below that of Larry Ellison and above that of Mukesh Ambani. The ascent of Zhao is emblematic of the rapid creation of wealth and that too in the fast-moving world of digital currencies. Zhao launched Binance in 2017, making it into one of the world’s largest crypto exchanges.