BUSINESS
Centre looks beyond startups, chip design scheme to cover big enterprises too
Industry has come with the suggestion that the Future Design Linked Incentive Scheme be opened up for big Indian and foreign companies, says Union Minister Rajeev Chandrasekhar on the sidelines of the SemiconIndia 2023 conference
BUSINESS
Some semiconductor subsidy proposals worse than early-stage startup pitches: Neelkanth Mishra
Mishra, who recently joined as the chief economist of Axis Bank, also remarked that the balance sheet of the backers applying for the chip subsidy needs to be strong as the semiconductors industry is "viciously cyclical."
BUSINESS
Vedanta to launch first made-in-India chip in 2.5 years: Anil Agarwal
Vedanta chief reaffirms the progress of its plan to set up a semiconductor fab in India, hails Gujarat as the best place to create India's Silicon Valley
BUSINESS
India is laying out a red carpet for the semiconductor industry, says PM Modi
India will train more than 1 lakh semiconductor design engineers in next 5 years, says PM Modi at the Semicon India 2023 roadshow in Gandhinagar on July 28
BUSINESS
Semicon India 2023: AMD to invest $400 million over 5 years in Bengaluru, hire 3,000 engineers
The Semicon India roadshow comes at a time when India is trying to attract major semiconductor players to set up chip fabrication and assembling plants in the country with a $10 billion subsidy programme.
BUSINESS
ONDC is going global, eyes B2B exports to UAE, Singapore by year-end
From logistics and export documentation to credibility badges for verifying trustworthiness of small merchants, ONDC is firming up its offshore plans.
BUSINESS
Global Exclusive | Meta internal memo: 'Regulatory debate around AI will intensify in coming months'
Internal post by senior Meta executive calls safeguarding of young users a ‘hot button issue’ after US antitrust watchdog bars monetisation of minors’ data.
BUSINESS
Global Exclusive | Meta's Quest for Business targets 80,000 paid subscribers by year-end
This move comes at a time when Meta continues to stake its future on its ambitious but expensive metaverse bet while pursuing its ‘year of efficiency’
BUSINESS
Amazon Prime unveils reality show for Indian start-ups competing to raise unicorn funding
Since September 2022, the Fed's interest rate tightening regime has led to private start-up investments falling 80 percent in India.
BUSINESS
ONDC posts record 35,000 retail orders in a day, Delhi-NCR pips Bengaluru in volume
The next three cities in terms of order numbers were Mumbai, Hyderabad and Pune, logging order volumes in the range of 2,500-3,000 each
BUSINESS
Amazon readies for Prime Day blitz with 45,000 launches, faster deliveries in 25 cities
E-commerce major lines up deals and discounts of up to 40 percent on smartphones, 80 percent on beauty and fashion, 60 percent on groceries on July 15th and 16th
BUSINESS
Changes made in wording of ‘deemed consent’, few clauses in personal data protection bill: Chandrasekhar
Minister of State for Electronics and Information Technology (MeitY) Rajeev Chandrasekhar said that the "architecture of the bill" has not changed.
BUSINESS
Why Zomato continues to eat into Swiggy’s market share
Several moves, such as penetrating deeper into Tier 2 cities and beyond, first-mover advantage, and a more pan-India focus, have worked in favour of Zomato. When the pandemic brought to a standstill, Swiggy was hurt more than Zomato
BUSINESS
Dilute more shareholding and ask for ESOPs: SoftBank's Rajeev Misra tells startup founders
Misra also said that corporate governance lapses in Indian startups weren’t too many compared to the West and brick-and-mortar businesses
BUSINESS
MC Interview | Startups that had to go out of business already have: SoftBank's Rajeev Misra
Misra’s new fund One Investment Management has raised $7 billion in the first close and made an early investment in Shapoorji Pallonji through high-yielding debt
BUSINESS
A funding winter’s tale: Corporate governance failures hold many lessons for startups
VC funds are likely to ask for revenue recognition clarity and regular audit reports. And they will likely prod founders to hire independent directors.
TECHNOLOGY
IIT Roorkee scientists help discover humming of universe through gravitational waves
Such waves are expected to originate from a large number of dancing monster black hole pairs, crores of times heavier than our Sun
BUSINESS
Google announces accelerator programme for ONDC
Number of daily retail orders on Open Network for Digital Commerce hit a fresh high of 30,000 in the second week of June
BUSINESS
Mutual funds ramp up stakes in new-age companies by 2-3X as PE/VCs head out
Improvement in profitability and funding winter attract mutual funds to firms like Paytm, Zomato, Nykaa, PB Fintech, Delhivery. Experts say MFs might look to ramp up holdings further in these new-age stocks
BUSINESS
A dishonest founder will find his way around regulation, governance measures: Sanjeev Bikhchandani
Info Edge founder argues that auditors and independent directors are there to save founders from themselves
BUSINESS
ONDC will propel Indian e-commerce from 80 million monthly users to 500 million: Nandan Nilekani
Infosys Chairman says that while the internet has grown in the US on the back of the high advertising revenue of $862 per capita shifting online, India can’t take this approach as the number for the country is as low as $7 per capita.
BUSINESS
ESOP expenses of listed new-age companies drop amid profitability push, but Paytm bucks trend
Paytm’s ESOP cost jumps 80% in FY23, while other new-age peers see such expenses reduce in double-digit percentage figures
BUSINESS
New governing council of IAMAI meets for the first time since getting elected
According to sources, during the meeting which was held on June 14, governing council members held discussions on Big Tech, prioritising start-ups in Internet and Mobile Association's (IAMAI) charter and so on
BUSINESS
Zoho to take on OpenAI, Google with new AI model, Sridhar Vembu overseeing project
The project is being overseen by founder and CEO Sridhar Vembu, and is being worked on by the company's R&D team in India.
