Photo: India Frontline
Govt To Reject Funding Application Of Vedanta-Foxconn
The Indian government is likely to reject crucial funding for Anil Agarwal's chip venture, said sources. Notably, the government authorities will likely inform the joint venture between Taiwan's Foxconn and Vedanta that it will not be receiving incentives for the production of 28-nanometer chips. The announcement will be a blow to Anil Agarwal's dream of establishing India's version of Silicon Valley. The venture failed to meet government's… read-more
Tags: Foxconn, Vedanta, Venture, Funding Application, Business News
Courtesy: The Free Press Journal
Photo: Facebook
Faridabad Based Company Produces Paddy Stubble Into Packaging Material
In view of sustainable growth demand, Anand Bodh and Arpit Dhupar founded Dharaksha Ecosolutions in 2020. The Faridabad-based B2B startup converts paddy straw stubble into biodegradable packaging material. Getting into details about this start-up, Dhupar said, "We want to eliminate the sources of pollution and replace them with sustainable alternatives." The company owned by Arpit and Anand, is a venture aiming to contribute towards a… read-more
Tags: Faridabad, Startup, Sustainable Produce, Paddy, Packaging Material
Courtesy: Your Story
Photo: Speciale Invest
Bengaluru Based Startup Provides Safe Drinking Water Using Air
With an aim of clean water from air, this start-up company in Bengaluru is making headlines. Uravu Labs, a Bangalore-based startup, has been harvesting renewable water from inexhaustible atmospheric moisture. Started in 2019, the company is owned by Pardeep Garg, Swapnil Shrivastav, Venkatesh R, and Govinda Balaji, in partnership. The company is getting known for providing drinking water, withe the use of renewable energy, air.
Tags: start-up business, Uravu Labs, Bengaluru Company, AIR, Clean Water
Courtesy: India Times
Photo: The Indian Express
Ashneer Grover Tweets His New Cricket App
Ashneer Grover's new venture Third Unicorn has launched a fantasy sports app called CrickPe, ahead of the Indian Premier League (IPL) 2023 that begins from March 31. As per sources, the new app aims to take on Dream11 and Mobile Premier League (MPL). In a tweet, Grover wrote, "Biggest revolution in Cricket since IPL - only fantasy game paying cricketers for performance. Where you win, cricketer wins, cricket wins."
Tags: Ashneer Grover, Twitter, Sports App, Cricket, New Venture
Courtesy: The Free Press Journal
Photo: Business Standard
Ritesh Agarwal Seeks Blessing Of SoftBank Founder Son
OYO founder and CEO Ritesh Agarwal tied the knot on March 7. He invited celebrities, political leaders and Soft Bank's son for his wedding reception, in New Delhi. Highlighting the event, Billionaire investor and SoftBank Group Founder Masayoshi Son, blessed the newlywed. Notably, in the start-up world, SoftBank has been a prominent and prolific investor. Besides Masayoshi Son, many big names of the startup world attended the event.
Tags: Oyo Founder, ritesh agarwal, Newlywed, Softbank CEO, Wedding Reception
Courtesy: Hindustan Times
Photo: The Indian Express
YS Jagan Mohan Reddy Inaugurates Global Investors' Summit, Welcomes Ambani
Andhra Pradesh CM YS Jagan Mohan Reddy inaugurated the two-day Global Investors' Summit 2023, in Visakhapatnam. On the first day of the summit, YS Jagan welcomed Business Tycoon Mukesh Ambani, to attend the two days summit, highlighting the benefits of investing in Andhra Pradesh's 14 industries, including IT, agriculture, health, pharmaceuticals, tourism, MSME, and startups. Mukesh Ambani came in a special convoy and received a warm welcome… read-more
Tags: Investors Summit, AP CM, YS Jagan Mohan Reddy, Mukesh Ambani, Vizag Event
Courtesy: AP 7 AM
Photo: Instagram
MBA Chaiwala Hits News Headlines With His Mercedes Worth Rs 90 Lakhs
Prafull Billore, famously known as MBA Chai Wala, shared a video of his new Mercedes worth Rs 90 lakhs, on his Instagram handle. They were seen cutting cake and celebrating the new car. MBA aspirants, who drop out of IIM Ahmedabad, started his 'chai' journey in 2007 with a small stall narrating his dropout tale. He rose to fame and has more than 100 franchises of MBA Chaiwala across India.
Tags: MBA Chaiwala, Mercedes, Instagram(137) Startup Business, Indian Businessman
Courtesy: Hindustan Times
Photo: The Indian Express
Under Credit Guarantee Scheme For Startup, Rs 10 Crore Loans Allowed
With the announcement of the Indian government's credit guarantee scheme for startups (CGSS) many companies will get. The CGSS scheme will provide credit guarantees of up to Rs 10 Cr against startup loans that lending institutions issue. Under this scheme, the government aims to offer the said credit guarantee (for startups) to lending institutions including banks, financial institutions, NBFCs and alternative investment funds (AIFs).
Tags: Start-up, Indian government, Credit Scheme, business, Loan Scheme
Courtesy: INC 42
Photo: The Indian Express
Union Govt Launches Credit Guarantee Schemes For Startups In India
In order to extend support to start-ups in India, the BJP-led Central Government announced "Credit Guarantee Scheme". On October 7, the Commerce Union Minister Piyush Goyal said, "Government enables eligible companies to borrow collateral-free money up to Rs 10 crore making sure they reach their true potential,." The move will help micro businesses and start-up establishments to not only take risks but, provide guaranteed loan schemes.
Tags: Credit Guarantee Scheme, Piyush Goyal, Startups, Indian Business, innovation
Courtesy: The Free Press Journal
Photo: The Indian Express
US DFC To Invest $37.5 Million In Indian Businesses To Support Economy
The US International Development Finance Corporation (DFC) recently announced to invest $37.5 million (Rs 299 crorea) to support key sectors in India. The investment is expected to fuel the growth of businesses working in sectors like financial services, agriculture, healthcare, and climate. The company announced the investment in their current FY Quarter, as a form of political risk insurance product and financial instrument for various… read-more
Tags: Indian Startups, Investment, us company, DFC, Indian Economy
Courtesy: First Post
