India

Entrepreneurs of Startup TN Secure Funding from the Government

6May

By News DeskNo Comments

Business, India

Entrepreneurs of Startup TN Secure Funding from the Government

In a noteworthy turn of events, the Tamil Nadu Startup and Innovation Mission (Startup TN), which administers the Tamil Nadu SC/ST Startup Fund, has awarded money to three firms that are managed by entrepreneurs who are members of the Scheduled Tribes. This is the first time that money has been given to tribal firms, marking a significant step towards the goal of inclusive mass entrepreneurship. M.K. Stalin, the Chief Minister of Tamil Nadu, recently handed over sanction orders for investments totaling 9.75 crores in eight new businesses. These new businesses include three businesses owned by tribal people. Because of this investment, the government now holds a stake in each of these businesses as a shareholder. The TAMS Tribal Green Fuel Pvt Ltd firm is committed to green fuel and e...

The Intern Case of Ad Copywriter Bodhisatwa Dasgupta

16Nov

By Linda AshokNo Comments

India, People

The Intern Case of Ad Copywriter Bodhisatwa Dasgupta

An American-British Internet personality and former professional kickboxer, Andrew Tate runs the Hustle University that offers copywriting as one of the high-paying side hustles for anyone interested in earning online. Not only Tate, the Internet today is full of gurus and influencers offering to train young people to opt for copywriting as one of the most lucrative hustles. Young people with a flair for the English language have found copywriting the most aesthetic of all hustles that can make easy money. In this pursuit, award-winning Creative Director Bodhisatwa Dasgupta from India denies the presence of the content and copywriting industry altogether. He says, "I don't think there's a content and copywriting industry, honestly. Content and copywriting support other industries - ...

Jio True 5G Beta Trial to Reposition India as a True Tech Power

6Oct

By Linda AshokNo Comments

India, Technology

Jio True 5G Beta Trial to Reposition India as a True Tech Power

Reliance Jio announced the commencement of the True-5G Beta trial for Jio customers in four cities: Mumbai, Delhi, Kolkata, and Varanasi. With this roll-out, Jio is trying to help India overcome obstacles caused by legacy technologies such as 2G. As Jio's True-5G network prepares to launch in certain cities, Jio's Welcome Offer will enable invited customers to test True-5G services and provide feedback on the quality of service and user experience. Jio, a customer-obsessed company, believes in providing the greatest customer experience possible, enhanced by user feedback. Jio's objective with 5G is to accelerate India's development towards a Digital society. Jio has over 425 million users. This connectedness and technology will benefit humanity by enhancing lives and increasing t...

ED Freezes Funds in Chinese Loan Apps; Raids PayTm & Others

17Sep

By Linda AshokNo Comments

Business, India

ED Freezes Funds in Chinese Loan Apps; Raids PayTm & Others

The Enforcement Directorate freezes cash totaling INR 46.67 crore stored in payment gateways like Paytm, Easebuzz, Razorpay, and Cashfree as part of a crackdown on loan apps and investment tokens controlled by the Chinese government. The Enforcement Directorate (ED) conducted searches against Chinese-controlled loan apps and investment tokens on September 14 in Delhi, Mumbai, Ghaziabad, Lucknow, and Gaya, all under the Prevention of Money Laundering Act (PMLA). The Indian federal investigative agency also raided 16 premises of banks and payment gateways in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru in search of HPZ app-based token as per a money laundering case reported from an October 2021 FIR filed by the cybercrime unit of Kohima Police in...

Category-I Banks to Follow Cross-Border Bill Payments per RBI

16Sep

By Linda AshokNo Comments

Business, India

Category-I Banks to Follow Cross-Border Bill Payments per RBI

On September 15, 2022, The Reserve Bank of India (RBI) instructed all Category-I authorized banks to implement the new Bharat Bill Payment System (BBPS) for cross-border bill payments. On August 31, 2016, RBI began piloting the BBPS service, and on October 17, 2017, the service went live for the general public. Transactions initiated through the Bharat Bill Payment System (BBPS) are cleared and settled by the National Payments Corporation of India (NPCI), the legally designated body for the Bharat Bill Payment Central Unit (BBPCU). Data from the NPCI shows that in August 2022, BBPS handled 87.46 million transactions worth roughly Rs 16,000 crore. When BBPS opened its doors in August 2021, it could handle 58.88M transactions worth roughly Rs 10,000 crore. Customers who use the ...

MeitY Startup Hub and Meta launches Grant for XR Tech Startups

15Sep

By Linda AshokNo Comments

Business, India

MeitY Startup Hub and Meta launches Grant for XR Tech Startups

MeitY Startup Hub (MSH) of the Ministry of Electronics and Information Technology in India and Meta (NASDAQ: META) have announced a new grant! This grant is the introduction of an accelerator programme to help and accelerate XR technology entrepreneurs in India. The XR startup programme will focus on training and developing technological capabilities for the Metaverse and will assist form the ecosystem for these emerging technologies, such as Augmented Reality (AR) and Virtual Reality (VR), in the country. The Minister of State for Electronics & Information Technology, Rajeev Chandrasekhar, stated that a significant milestone in realizing the Prime Minister's objective of making the next ten years of India's Techade a time of great opportunity for young Indians. The minist...

Nykaa Closes 100% Acquisition of Little Black Book (LBB)

11Sep

By Linda AshokNo Comments

Business, India

Nykaa Closes 100% Acquisition of Little Black Book (LBB)

In a press release on September 10, 2010, Nykaa stated that all required procedures had been fulfilled, including purchasing all of the equity shares in Iluminar Media Private Limited (Little Black Book). The lifestyle discovery content platform focusing on millennials has been around for ten years and is now acquired in a lucrative deal by Nykaa. Company officials claim that the purchase is consistent with Nykaa's policy of emphasizing content when communicating with its dedicated customer base. As a content powerhouse, LBB stands out due to its vast, discriminating user base, content generation capability, curating approach, and relationship with growing businesses. Nykaa's fashion, home, and beauty strengths align well with these focus areas. The CEO of NykaaMan, Nihir ...

In India, Chinese Loan Apps Rob INR 500 Cr, Trigger Deaths

30Aug

By Linda AshokNo Comments

Business, India

In India, Chinese Loan Apps Rob INR 500 Cr, Trigger Deaths

The Indian Congress party has claimed that Chinese loan apps are responsible for the theft of INR 500 Cr from Indian loan borrowers and the subsequent abandonment of these individuals. According to a PTI report, Congress criticized the Central administration led by PM Modi for lacking a strategy to combat these fake loan applications. The comment was made after the anti-money laundering agency Enforcement Directorate (ED) disclosed that 365 loan applications and associated NBFCs stole over 800 Cr from native applicants. During the investigation, the ED discovered that fintech loan apps disbursed over INR 4 trillion in credit. Meanwhile, loan applications generated nearly INR 700 billion in processing costs and INR 85 billion in interest and penalties. The Institute of Chartered A...

Quiet Quitting, a Turf or Trial? Industry Professionals Weigh in!

27Aug

By Linda AshokNo Comments

India, Marketing

Quiet Quitting, a Turf or Trial? Industry Professionals Weigh in!

There are just as many ways to define "quiet quitting" as there are experts, analysts, and opinion leaders who have written about it. But to understand this old trouble in a new label means an employee is no longer willing to put in the extra effort their employer has come to anticipate from them. With that in mind, we need clarity on the root causes than a precise definition. What causes someone to finally reach their breaking point and establish firm limits on the level of commitment they previously felt driven to give? There is no single correct response; there are many possible ones. According to the AVP of Brand Partnership at Qube Cinema Technology, Mayank Sehgal, the idea of quiet firing and quiet quitting is very old. He says, "In India, quiet firing and quitting have existe...

NASSCOM Reviews India’s Technology Sector 2021-2022

23Aug

By Linda AshokNo Comments

Business, India

NASSCOM Reviews India’s Technology Sector 2021-2022

NASSCOM issues the annual strategic review of India's technology sector, which experienced a massive boom in the last 10 years. The executive summary of progress titled "Think Digital, Think India, From Resilience to Resurgence" has a constructive foreword from the President of NASSCOM, Debjani Ghosh, highlighting the performance of India's technology sector in 2021 and 2022 with predictions for 2023. In FY2022, the technology industry in India reached $227 Billion in total revenue, exceeding the pre-pandemic FY2019 revenue level by more than double. Importantly, the sector added its most recent $100 billion in ten years, but the first $100 billion took thirty! The industry added a record-breaking 445,000 net new jobs in FY2021, surpassing the 5 million mark in total employment. The...