Author: News Desk

Reliance Strategic Business Ventures (RSBVL) invested $5 million in Indiawin Sports Middle East, says RBI data. Incorporated in UAE, Indiawin Sports Middle East Limited owns the MI Emirates .RSBVL is a subsidiary of Reliance Industries. The ILT20 has been established by Emirates Cricket Board. Three out of five teams in the ILT20 are owned by IPL franchises. RSBVL has also invested $6.246 million in Indian Mumbai Indians.India Mumbai Indians Pvt Ltd owns the Cape Town franchise in SA20.

What kind of impact will the Funding Winter have on Indian startups? What advice would you give Entrepreneurs seeking funding? What to watch out for when investing in a business? The managing partner of the investment firm Brij Singh,General Partner,Rebright Partners, speaks with Channeliam.com. When choosing a business for investment, the team is given more importance than the company. Their background, the understanding of the products, unique ability either in terms of the idea or execution of the product, distribution and sales. We want to find the X factor on how they can get to the next stage. Funding winter…

According to reports, the Center is planning to expand the production-linked incentive (PLI) scheme’s budget from Rs 7,350 crore to Rs 20,000 crore in an effort to promote the manufacture of MacBooks and iPads in India. The IT ministry has already sent the finance ministry and other ministries the proposal to increase the outlay. India’s main ministry for the production of hardware is the IT ministry. The Center offers the company incentive support at 1-4% over four years under the current PLI programme. This may increase to 5% after the adjustments. Additionally, there are no import duties on laptops. The…

What kind of impact will the Funding Winter have on Indian startups? What advice would you give Entrepreneurs seeking funding? What to watch out for when investing in a business The Managing Partner of the Investment firm ‘Seafund’, Manoj Kumar Agarwal, speaks with Channeliam.com. When choosing a business for investment, founders are frequently given more weight than business. Founders are more significant than the industry, despite its importance. What decisions has the founder made, and how does he see the company? What area of expertise does the founder possess? It will be examined how committed he is and whether he…

The Indian space sector is on a growth trajectory. The Indian Space Research Organisation (ISRO) is planning to conduct new experiments this year. A recent report says that the Mexican space agency Agencia Espacial Mexicana (AEM) has approached the ISRO to help build and launch a remote sensing satellite for Mexico. Dr Salvador Landeros Ayala, Director General of AEM, and S. Somanath, Chairman of ISRO, have discussed the same. ISRO will take up the Mexican space agency’s proposal with the Ministry of External Affairs (MEA). The Mexican space agency was established in 2010. The agency is still in its early…

India would launch its first Atmanirbhar human flight ‘Gaganyaan’ in 2024, said Union Minister for Science and Technology Dr Jitendra Singh. The launch was supposed to take place in 2022. However, it was delayed due to the Covid-19 pandemic. India will conduct two preliminary launches in 2024. The first one will be unmanned; it will mark the routes. The second experiment will carry a robot to measure the situation further. Humans will be sent to space in the third mission. In his opinion, the launch would increase the confidence of the nation. The mission will let an Indian origin set…

The co-founder and Chief Technology Officer (CTO) of food delivery service Zomato, Gunjan Patidar, announced his resignation on January 2, 2023, the latest in a string of high-level departures. One of Zomato’s original few workers, Patidar created the company’s primary technical infrastructure. He also developed a tech leadership team during the past 10 or more years, according to Zomato in a stock exchange filing.Zomato stated that Patidar was not a key managerial employee in a stock exchange filing (KMP). Patidar, who has worked for Zomato for 14 years, was one of the company’s first workers, according to his LinkedIn profile.…

The year 2023 will be a golden year for gold metal, experts say. According to a recent report by ICICI Direct, gold prices are likely to soar mostly because of the weakness in the dollar. The US Fed is likely to halt rate hikes next year and may even cut rates in Q4 2023. The prediction is that in 2023, gold prices may touch their all-time high mark of Rs 62,000. The last year saw the global gold prices declining constantly except for the all-time high point of above $2,000 an ounce in March. The decline happened in spite of inflation and geopolitical crisis. US Fed’s aggressive interest rate hikes and…

Cristiano Ronaldo has joined the Saudi Arabian Club Al-Nassr. Ronaldo will be paid 172 million pounds per year by Al-Nassr. Of that, 62 million will be Ronaldo’s salary. The rest will be met through image rights and commercial deals. The club is yet to confirm how long Ronaldo would play for it. Speculations say that the deal is two-and-a-half years. Ronaldo is part of Saudi Arabia’s bid for the 2030 World Cup. Ronaldo’s agreement with Manchester United was terminated last month by mutual consent .An interview with Pierce Morgan where he criticised the club owners triggered the termination. Manchester paid…

The Indian Space Research Organisation (ISRO) is all set to indulge in new experiments in 2023. ISRO’s plans would begin early next year with the first runway landing experiment (RLV-LEX) of the reusable launch vehicle from the Aeronautical Test Range in Karnataka’s Chitradurga. Besides Aditya and Chandrayaan-3, the year will also see a series of experiments on India’s maiden human space flight – the Gaganyaan project. The first uncrewed mission with the aim of validating the performance of the human-rated launch vehicle, orbital module propulsion system, and recovery operations is expected to take place in the last quarter of 2023. …