Category: General

●        Aim to clock in a revenue of INR 150 CR by FY25 ●        ‘Concept-to-delivery within a year’, makes this the fastest turnaround on product development by a hardware startup Consumer hardware startup, Up has launched its Smart Cooking Assistant, delishUp. The product aims to level up young Indians who are looking to cook more often at home. The 8 inch touchscreen displays a wide selection of recipes with simple instructions and the smart cooking jar automates the tedious processes … Continue reading “
Consumer Hardware startup Up democratises cooking with delishUp“

Over the last two years, the Indian business landscape has seen a prominent shift towards becoming more responsible, with CSR becoming a leading indicator and an integral strategic priority for businesses. Today, corporates have realized that a business cannot succeed in isolation and that direct engagement in social development and social progress is necessary for sustainable growth, employee retention, and shareholder satisfaction. There is an urgent need to look beyond our silos to make a positive social impact through collective … Continue reading ““CSR progress towards Embassy Group’s vision this year”“

Initiates the first transaction in partnership with Volo Fin Pte. Ltd. (VoloFin) Vayana TradeXchange is aiming to do over USD 100 million worth of transactions in the first quarter of operation Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the supervision of the International Financial Services Centre Authority (IFSCA), GIFT City, announced the completion and disbursement of its first set of export financing transactions. Vayana TradeXchange (VTX) is built and operated by Vayana (IFSC) Pvt … Continue reading “Vayana Network begins operations of its ITFS platform, Vayana TradeXchange (VTX)”

Simpl and Blue Tokai Coffee Roasters’ alliance to provide customers with a hassle-free deferred payment option.Simpl, India’s favourite checkout partner – said it has tied up with Blue Tokai Coffee Roasters, India’s largest and fastest-growing specialty coffee brand, to offer seamless checkout solutions. With this strategic partnership, both companies take a significant step in empowering consumers across the country with complete payment solutions and enhancing their coffee experience.  Simpl’s Pay-in-3 option with its interest-free payment period is available to Blue Tokai customers … Continue reading “Simpl partners with Blue Tokai Coffee Roasters to elevate online customer experience through Pay-in-3 and seamless checkout”

          ~ A Non- Linked, Non-Participating Individual Savings Life Insurance Plan that gives you FD beating returns~ Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), announces the launch of a new-age savings solution ABSLI Fixed Maturity Plan (UIN 109N135V01), a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on maturity. This plan is designed to offer policyholders short & long-term financial security by integrating FD beating returns and protection. ABSLI Fixed … Continue reading “Aditya Birla Sun Life Insurance launches ABSLI Fixed Maturity Plan”

Funding in early-stage deals in Q2 CY22 continued to be stable at around USD 800 million and is likely to remain stable or even grow in the next few quarters. After three consecutive quarters of raising more than USD 10 billion, the total funding in the Indian start-up ecosystem fell by 40% during Q2 CY22 to reach USD 6.8 billion.  The decline can be attributed to a global slowdown, decrease in tech stock valuations, inflation and geopolitical instability, as per the … Continue reading “Funding for Indian start-ups dips by 40% from Q1 CY22 to USD 6.8 billion in Q2 CY22: PwC India Report”

●             Rating upgraded 3 notches in the last 3 years ●             Registered 25% growth in FY21-22 ●             Profitability increased by 45% ●             NPA reduced to 0.52% ●             Plan to reach 1000 Branches by the end of 2023 ●             Aim to reach an AUM of INR 4,000 crores in this fiscal year Muthoottu Mini Financiers Ltd., one of the leading NBFCs in India, today announced its ratings upgrade to A- (Stable) from BBB+ (Stable) by CARE Ratings. The company has registered … Continue reading “CARE upgrades Muthoottu Mini Financiers rating to ‘A- Stable’”

The creative community, Film Companion and Netflix India have come together to support the next generation of India’s storytellers. The ten finalists of ‘TakeTen,’ underwent an intensive week-long workshop facilitated by over twenty of India’s finest creative leaders covering a wide variety of aspects in the filmmaking process. All 10 finalists will now create fully-funded short films that will be presented on Netflix India’s YouTube channel. The ‘TakeTen’ workshop included sessions on editing, production design, screenplay development, music, cinematography, lighting, and laying the groundwork for … Continue reading “Netflix India and Film Companion spotlight the next generation of filmmakers with ‘TakeTen’”

~ To build 50 start-ups in the next three years; with cumulative revenues of over Rs. 500 Crore ~ India’s first start-up studio catering exclusively to aspiring entrepreneurs over 40 years, called GenXVentures, has been launched in Mumbai today. Start-up studios are entities that create start-up ventures at scale. Unlike incubators or accelerators, Start-up studios co-found ventures and build them from ground up. Their goal is to develop start-ups within their studio and spin-out these ventures when they’re ready. Some of … Continue reading “GenX Ventures launched: India’s first Start-up Studio for Aspiring Entrepreneurs above 40 Years”

Will Negatively Impact Ease-of-Doing-Business, Finds Report More than 85% percent of intermediaries, surveyed during a recent study, feel that compliance mandates envisaged in Part II of the Information Technology (Intermediary Guidelines & Digital Media Ethics Code) Rules, 2021, introduced by the Ministry of Electronics and Information Technology (MeitY) in February last year, would lead to overwhelming economic repercussions and negatively impact their ease-of-doing-business. This is one of the key findings of a report titled IT Rules, 2021: A Regulatory Impact Assessment Study, prepared … Continue reading “Compliance Mandates in IT Rules, 2021”

Key Highlights In search of India’s Gazelles and Cheetahs India will have 122 new Unicorns in the next 2 to 4 years India is currently home to 84 Unicorns, 51 Gazelles and 71 Cheetahs, as against 51 Unicorns, 32 Gazelles and 54 Cheetahs in the 2021 index. India’s future Unicorns are currently worth US$ 49bn, with an increase of 36% as compared to last year. 17 Gazelles and 7 Cheetahs, from last year’s index, hit Unicorn valuation this year. Double … Continue reading “Hurun Research Institute today released the ASK Private Wealth Hurun India Future Unicorn Index 2022”