Representational Image

Photo: The Indian Express

Micro & Small Firms To Create 10.3M Jobs In Next Five Years, Says Report

A recent study by Azim Premji University, TISS and FICCI extrapolated that Micro and Small Enterprises can create 10.3 Million jobs in five years. The study suggested to create an Udyog Sahayak Enterprises Network (USENET) that will connect MSEs facilitating ease of doing business. Digitization, formalisation, availing of government loans and subsidies to be done through USENET, the joint proposal expects adding over 2-lakh crore in five… read-more

Sun, 24 Jan 2021 - 12:07 PM / by Nikita Thakur

Tags: INFORMAL JOBS, Economy, business, MSEs, USENET, FICCI, Employment

Mukesh Ambani

Photo: The Economic Times

Jio Starts Advanced Testing To Develop Wireless 5G Services In 2021

Mukesh Ambani's Reliance Jio has started the advanced testing of its 5G infrastructure to fulfill the wireless 5G network commitment in 2021. The fidelity was claimed following Jio registering record 15.5% increase in profit for the last quarter compared to its preceding quarter. Moreover, eying to tap about 300 million 2G users in India, Ambani said Jio will make the 5G affordable and available everywhere. However, airwaves for 5G are yet to… read-more

Sat, 23 Jan 2021 - 10:02 AM / by Nikita Thakur

Tags: Reliance, Jio Platforms, Reliance Jio, Mukesh Ambani

Courtesy: LiveMint

Stock Market

Photo: Money Control

Sensex Hits Historic 50,000-mark; Nifty Trades Above 14,700

Indian stock market spiraled in the opening trades of January 21 as the benchmark Sensex crossed the historic 50,000-point for the first time. Jumping 230.69 points from its last close, the Dalal Street almost doubled its value from March 2020 (25,638). Nifty also witnessed a bullish trend while trading above 14,700 points. The steeped rise has been caused by optimism linked to US President Joe Biden's economic resolutions and strong FII… read-more

Thu, 21 Jan 2021 - 10:15 AM / by Nikita Thakur

Tags: Sensex, Nifty, Indian Stock Market, Stocks, Joe BIden

Courtesy: LiveMint

Representational Image of Start Up

Photo: Tax Scan

Govt Names Byju Raveendran, Bhavish Aggarwal For Startup Council

Centre has appointed edu-tech platform Byju’s founder Byju Raveendran, Snapdeal co-founder Kunal Bahl and Ola’s Bhavish Agarwal and others as non-official members of National Startup Advisory Council. The NSAC will recommend steps to encourage innovation in various sectors among citizens across the country. Besides, it will assist in quick start, operation and exit for the startups. The NSAC's non-official panel will have stakeholders,… read-more

Wed, 20 Jan 2021 - 05:15 PM / by Nikita Thakur

Tags: business, Startups, Indian Startups, Byju Raveendran, Ola

Courtesy: The News Minute

Dunzo, The Local Commerce Platform Raises USD 40 Million Dollars From Funds

Photo: Medium

Dunzo Gets Funding From Google, Others; Raises $40 Mn

Commerce platform Dunzo has informed that it raised around 40 million dollars from companies like Google, Lightbox, LGT Lightstone Aspada, and Evolvence among others. Besides, Dunzo affirmed that it became a $100 million gross merchandise value (GMV) business. Dunzo digital CEO Kabeer Biswas said, "We truly believe we are writing a playbook for how hyperlocal businesses can be built with sustainable unit economics". Currently, Dunzo operates… read-more

Wed, 20 Jan 2021 - 02:09 PM / by Archita chakraborty

Tags: Dunzo, Google, E-commerce

Courtesy: LiveMint

Netflix

Photo: Variety

Netflix Adds 8.5 Mn Subscribers In Last Qtr; Total Subscribers Over 200 Mn

Popular OTT platform Netflix on January 19 surpassed the projected subscriber base gaining 8.5 million subscribers in the last quarter. Making it to 203 million subscribers globally, Netflix’s CFO Spencer Neumann cited COVID-19 pandemic as an important factor behind the increase in subscriber base. Reportedly, the platform had added 37 million paid members last year. It has also planned to buy back its shares as it no longer needs to borrow… read-more

Wed, 20 Jan 2021 - 11:09 AM / by Nikita Thakur

Tags: Netflix India, Netflix, Subscribers, Video-Streaming

Courtesy: Gadgets 360

Representational photo: Cigarette butts.

Photo: Euro News

Tobacco Industry Likely To Suffer Loss Due To Newly Proposed Rules

Following government's new and stricter rules regarding tobacco sale in India, companies such as ITC and Godfrey Phillips are expected to face severe blows. According to Reuters report, entities contributing to the $12 billion tobacco industry have started opposing the new rules. Reportedly, ITC generated a whopping $6 billion from cigarettes alone in FY2020. The Federation of Retailers Association of India has claimed that the changes have… read-more

Tue, 19 Jan 2021 - 12:49 PM / by Harsh Vardhan

Tags: Tobacco Products, ITC, Godfrey Phillips, business

Courtesy: Business Insider

Ajay Parimal

Photo: Deccan Herald

DHFL Creditors Approve Resolution Plan Submitted By Piramal Capital

The resolution plan submitted by Parimal Capital and Housing Finance Limited under the Insolvency and Bankruptcy Code has been approved by the creditors of the Dewan Housing Finance Corporation Limited (DHFL). Reportedly, Parimal's bid received 94% votes, leaving behind the other bidder Oaktree Capital that could manage only 45% votes. While shares of DHFL went bullish after the announcement, the stocks of Piramal Capital witnessed a fall. … read-more

Mon, 18 Jan 2021 - 12:57 PM / by Nikita Thakur

Tags: DHFL, Ajay Parimal, business, Insolvency

Courtesy: News18

JNPT to attract 72.6 Grand Jobs Post Huge Investment

Photo: Wikipedia

JNPT To Invest 4,000 Cr In SEZ Development, Eyes To Create 72,000 Jobs

India’s number one container handling port Jawaharlal Nehru Port Trust (JNPT) is planning to invest Rs 4,000 crore in its Special Economic Zone to create around 72,600 direct jobs. Eyeing to generate around 1,50,000 total jobs, the JNPT SEZ is being built under the Shipping Ministry’s Sagarmala initiative. While the project will be wholly funded by the JNPT, the housing requirement created by SEZ development will be completed by JNPT and… read-more

Mon, 18 Jan 2021 - 08:41 AM / by Archita chakraborty

Tags: JNPT, business, Navi Mumbai, jobs unemployment

Courtesy: LiveMint

Prime Minister Launches Rs 1000 crore Fund For Startup In Parambh

Photo: The Indian Express

Prime Minister Launches Rs 1000 crore Fund For Startup In Prarambh

To encourage startups, Prime Minister Narendra Modi has announced a Rs 1000 crore fund at Startup India International Summit: Prarambh.  Addressing India as one of the biggest startup ecosystems in the world, the PM said, startup systems should follow the mantra "of the youth, by the youth, for the youth". Besides, he lauded them for being self-reliant during the COVID-19 period when industry leaders suffered to tackle the pandemic.

Sat, 16 Jan 2021 - 07:48 PM / by Archita chakraborty

Tags: Prime Minister, Narendra Modi, Startups, Prarambh

Courtesy: Livemint