India

Waves in FinTech: RBI Restricts Paytm Payments Bank
Business, India

Waves in FinTech: RBI Restricts Paytm Payments Bank

The Indian Fintech sector is in a state of shock as the Reserve Bank of India (RBI) restricts Paytm Payments Bank from further transactions. The RBI has just rolled out some serious restrictions on Paytm Payments Bank Ltd (PPBL), starting after February 29, 2024. This move is a big deal for Paytm,that has been one of the earliest enablers of India's digital payment system with great support from the current ruling party of India since demonetization. Paytm's Vijay Shekhar Sharma has some serious recovery to execute to withstand this damage. At StartuptoEnterprise.com, we knew this was coming. RBI Restricts Paytm Payments Bank So, Paytm, which stands for "Pay Through Mobile," is a part of One97 Communications Ltd. They've been a big name in revolutionizing how India handles money digita...
How you Invested in these Astrology Startups in India
Business, India

How you Invested in these Astrology Startups in India

Astrology startups in India are on a boom given the interest of the Indian people in astrology that dates back to the Indus Valley Civilization. Recent years have seen a revival of this time-honored practice, propelled by an influx of tech-savvy entrepreneurs. Aside from dimly illuminated back alleyways and hushed consultations, the astrology industry is exploding online, with chatbots dispensing cosmic advice and AI predicting futures through the analysis of natal charts. The market, which is projected to reach an enormous USD 3.2 billion, is propelled by a powerful confluence of factors. A growing middle class, increasing disposable incomes, and the availability of online platforms around the clock are all factors propelling the demand for astrological guidance. Although initial anxie...
A Room for Improvement for Women-led Startups
Business, India

A Room for Improvement for Women-led Startups

India's growing startup ecosystem is fuelled by innovation and entrepreneurial spirit, with Bengaluru taking the limelight with the highest number of women-led startups. Banglaore's policy framework and culture of risk-taking are the supposed accelerator to this vibrant startup community that records more than 61,400 across India. But is it all bright? Beneat this impressive growth is a challenge that speaks of gender divide in entrepreneurship. This divide despite recent initiatives and progress, remains a significant barrier. Bengaluru's Leadership in the Startup Ecosystem In India, Bengaluru, is the pampered child of technology; it is dubbed as the Silicon Valley of India for playing a pivotal role in accelerating India's startup promise. This startup landscape is not only ric...
Maharashtra Startup Revolutionizes Onion Farming
Business, India

Maharashtra Startup Revolutionizes Onion Farming

In Maharashtra, India, a series of droughts between 2013 and 2015 led to a significant shift in agricultural practices. Startup Entrepreneurs from Maharashtra, Saurabh Kadam and Prasad Deshmukh, found an opportunity in onion farming, a crop that could grow quickly and was economically viable, especially during the water-scarce periods. This marked the beginning of their journey towards revolutionizing onion farming through mechanization. Saurabh Kadam, who holds an MTech in Civil Engineering from the Sangli-based Rajarambapu Institute of Technology, decided to switch careers from his construction business to agriculture. Partnering with Prasad Deshmukh, they focused on developing machinery for onion farming. This decision was influenced by the intensive labor r...
Entrepreneurs of Startup TN Secure Funding from the Government
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
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
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
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
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
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...
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