Author: News Desk

IKEA plans to increase local sourcing to 50% in the coming years. Said Susanne Pulverer, Chief Executive Officer of IKEA India. IKEA started business in India in 2018. Its first store was in Hyderabad. Later, it launched stores in Mumbai and Bengaluru. It plans to open more stores in Bengaluru. Susanne said India is an important market for IKEA. So far, close to 100 mn Indians visited IKEA.

Anil Ambani is a popular name in the Indian business. Son of well-known entrepreneur Dhirubhai Ambani and brother of billionaire Mukesh Ambani, Anil’s entrepreneurial journey has been a roller coaster. Today, he is cited as an example of riches to rags. Let us have a look at his life and career. Born on June 4, 1959, to Kokilaben and Dhirubhai Ambani, he completed his graduation in Physics and Electrical Engineering at the Scottish Church College in Calcutta. He did his post-graduation at Stanford University. Back when after inheriting his wealth from his father, Anil Ambani was the sixth richest person…

Mamaearth to raise around $300 million in a planned IPO in the next 12-15 months. It is seeking a valuation of around $3 billion. The Sequoia Capital-backed Indian skincare startup was last valued at $1.2 billion in January 2022. It plans to file draft regulatory papers by the end of 2022. The firm is reportedly in talks with JP Morgan Chase, India’s JM Financial and Kotak Mahindra Capital to appoint them as bookrunners to the deal.

Telegram Premium is now available in India The premium subscription is priced at around ₹460 per month Access the premium feature by following these steps Step 1: Open the Telegram app on your smartphoneStep 2: Go to Telegram SettingsStep 3: Tap the ‘Telegram Premium’ optionStep 4: A screen with Premium features pops up. Click on ‘Subscribe for ₹460.00 per month’Step 5: After payment, you will be able to access Telegram Premium features

Initial Public Offering (IPO) has become a norm in the startup industry these days. Every startup founder tries to hit that milestone. However, N.R. Narayana Murthy, the founder of Infosys, thinks otherwise. According to him, startup founders must not see IPOs as alternative funding just because they face pressure from venture capitalists to succeed as early as possible. In his opinion, IPOs come with a huge responsibility. Investors always expect an increase in stock price. These days, entrepreneurs face pressure from venture capitalists and early supporters to maximise their returns. But having IPO is not fun, he cautions. He also…

Lately, the Indian government had said that 5G deployment will occur by the end of this year. However, it seems that the government’s ban on telecom gear made in China would sabotage the launch. Earlier, the National Security Council Secretariat (NSCS) had given a waiver that had allowed Orginal Equipment Manufacturers (OEM) to import network equipment from its Chinese factories. Telecom operators and non-Chinese network equipment vendors are in trouble now as the waiver expired on June 15. If the NSCS does not extend the waiver, the introduction of 5G will be hampered. In the current scenario, top European and…

SaveIN has partnered MyKare Health to expand its care now pay later offerings across India. SaveIN is a Buy now pay later platform for healthcare. MyKare Health is a tech-enabled, full-stack and asset-light healthcare chain comprising of small and medium size hospitals. Through this partnership, SaveIN would be able to extend its paperless instant checkout finance for standardized and elective healthcare procedures across the network hospitals of MyKareHealth. “We are happy to partner with SaveIN and leverage their class leading, embedded finance solution for our rapidly growing customer base.” Senu Sam, founder & CEO, MyKare Health said. Customers can visit…

Maruti Suzuki India has invested around Rs 2 crore in Sociograph Solutions Pvt Ltd (SSPL). Sociograph Solutions Pvt Ltd (SSPL) is a startup specialising in artificial intelligence. The investment is part of Maruti’s MAIL initiative to support startups with promising mobility solutions. It will use the visual artificial intelligence (AI) platform of SSPL called Dave.AI. With  an aim to enhance the digital sales experience of its customers. Dave.AI is the venture of Co-founder & CEO Sriram PH and Co-founder & CTO Ananth

NASA fueled its huge moon rocket for the first time. It went ahead with a critical countdown test despite a fuel line leak. This was NASA’s fourth crack at the all-important dress rehearsal. The last major milestone before the moon rocket’s long-awaited launch debut. The second SLS flight, planned for 2024, would send a crew around the moon and back. The third mission would have astronauts actually landing on the moon.

The Ministry of AYUSH hosts Startup Yoga Challenge Contest.The challenge takes place at the MyGov portal. In partnership with Startup India and Invest India. The contest aims to identify and support innovators in Yoga.It is open to those who develop yoga-related products.It will conclude on June 30, 2022.