In a press conference, Finance Minister Nirmala Sitaraman announced to the media that the infamous Angel Tax would no longer be applicable for startups that were registered with the DPIIT. This comes as a momentous relief for startups in the country as it is widely believed to be an unfair…
As India focuses on integrating AI, Blockchain, Cloud Computing, and Data Analytics into daily business, it becomes more and more important to train personnel beyond young students and coders so they can fully embrace these emerging technologies. In order to tackle this, tech giants have taken on the task of…
The country’s leading digital payment platform, Paytm, has announced its expansion into the online content space. It is gearing up to launch a platform that will provide news, short videos, live television, and other content by September this year. Their target is to double their monthly active user base to…
Artificial Intelligence (AI) can now solve the Rubik’s cube in less than a second. The world record for solving a Rubik’s cube the fastest is held by Yusheng Du at 3.47 seconds. This development is especially significant because solving the Rubik’s cube requires more than just random moves – it requires skill,…
Indian startups have attracted a record amount of funding in the third quarter of this year. Despite the economic slowdown, funding has been higher than ever at a whopping $ 2.5 billion. While the number of deals has dropped, the value has increased. More and more new investors are keen…
In a roundtable conference in New York, Prime Minister Narendra Modi urged global business leaders and top executives across 20 sectors to leverage the Startup India platforms to create solutions to world problems. The top problems discussed were nutrition and waste management. Modi also emphasized on continued political stability in…
HungerBox Founders – Sandipan Mitra and Uttam Kumar The country’s leading digital payments platform is leading a hefty funding round for HungerBox, a Bengaluru-based food catering startup focussed on corporate. Paytm’s parent company One97 Communications is investing approximately Rs 47.12 crore ($6.59 million) in EatGood Technologies Pvt. Ltd., the parent company of the corporate food…
Over a thousand restaurants have de-listed themselves from food delivery and dine-in aggregators like Zomato, Swiggy, EazyDiner, stating that the deep discounts being offered by the aggregators were hurting their business models. The campaign, called #Logout, is being led by the NRAI (National Restaurants Authority of India) and is centred…
At Reliance’s 42nd Annual General Meeting (AGM), it announced that its optical fibre-based fixed-line broadband service, JioFiber, will be launching on September 5. A much talked about feature of Jiofibre which will be available to premium customers is access to a brand new OTT platform by Jio, called ‘Jio First Day…
Bank of Baroda, India’s 2nd largest public sector bank, has launched a new plan that caters specifically to startups. The objective of this is to become a preferred banking partner for start-ups and establish connect with at least 1000 start-ups over the next two years. Under this plan, Bank of…