BUSINESS
Government announces $2 billion investment in Mohali's Semiconductor Laboratory
Govt to establish India Semiconductor Research Institute that will serve as a centre of excellence, which will work with institutes like IIT Delhi, IIT Chennai and others in a hub-and-spoke model
BUSINESS
PM Modi has given Rs 1,200 crore to invest in Indian semiconductor startups: Rajeev Chandrasekhar
Ahead of the third SemiconIndia roadshow in IIT-Delhi, Union Minister says 27 semiconductor start-ups have made the cut to get funding under the design-linked incentive scheme
BUSINESS
Foreign firms like Google have to invest in Indian AI start-ups for access to country's data sets: Rajeev Chandrasekhar
Union minister says that the government's focus is to support intellectual property creation by domestic deeptech startups in areas like artificial intelligence and semiconductors
BUSINESS
BharatPe is a $3 billion write-off, value destroyed by Rajnish Kumar: Ashneer Grover
Ashneer Grover alleged that it couldn't be a coincidence that the EOW filed an FIR against him at 6 PM yesterday, a couple of hours after a judge reserved his order on another case.
BUSINESS
Indian Govt to send notice to WhatsApp on spam calls: Minister Rajeev Chandrasekhar
"It is a part of the normal scope of activity of MeitY. We ask questions proactively and they will respond... Platforms are responsible to ensure safety and trust," Rajeev Chandrasekhar said
BUSINESS
ONDC discounts, incentives not funded by govt money: CEO T Koshy
ONDC's own funds essentially comprise the Rs 180 crore that was raised from 19 banks and financial institutions
BUSINESS
Economic Offences Wing files FIR against BharatPe co-founder Ashneer Grover and family
If convicted, Grover and Madhuri and others can face upto anything between 10 years till life imprisonment. EOW now has the power to arrest all the accused
BUSINESS
Cisco to make in Tamil Nadu, targets $1 billion in domestic production and exports
The Tamil Nadu facility will create 1,200 jobs, says Cisco CEO Chuck Robbins
BUSINESS
ONDC looks cheaper than Zomato and Swiggy: Decoding the discount war
T Koshy, the ONDC chief, conceded that these incentives are only for the short term to jump start transactions on the network
BUSINESS
ONDC will be driven by competition and fair practices, not unhealthy discounting: CEO T Koshy
Discounts for buyers and seller incentives propelled ONDC’s daily retail order volume to over 25,000 last weekend.
BUSINESS
Zomato pilots B2B logistics service as it searches for revenue growth
Zomato takes a leaf out of US counterpart Doordash's playbook to launch a white-label logistics service that will compete with the likes of Shadowfax, Loadshare and Dunzo
BUSINESS
IAMAI showdown: Start-ups explore other lobby groups to fight Big Tech dominance
IAMAI member companies are also contemplating whether to seek a revamp of the lobby group's functioning and force out tech giants from the association in its forthcoming elections, say sources
BUSINESS
BharatPe acquires NBFC Trillion Loans
BharatPe, which acquired a 51% stake in the Mumbai-based NBFC, said it has also infused a substantial amount of investment into Trillion Loans to enable its loan book to grow
BUSINESS
ONDC food and grocery orders double in a week to shoot past 10,000 a day
The total merchant base on ONDC has shot up to over 93,000 currently — from around 800 in December — after it launched an incentive scheme for seller-side apps to enroll merchants
BUSINESS
Digital Competition Law: IAMAI under fire from Indian startups for 'parroting Big Tech views'
A few companies and personalities from the Indian startup ecosystem disagree with IAMAI's position, claiming that they support such a law and that Big Tech companies influenced the industry body's opposition.
BUSINESS
ONDC grows 25 times in 2 months to cross 5,000 food, grocery orders a day
The total merchant base on ONDC has shot up to 85,000 currently — from around 800 in December — after it launched an incentive scheme for seller-side apps to enroll merchants
BUSINESS
PhonePe's ONDC app Pincode records 100% growth on a daily basis
Specific app for ONDC important to create a clear narrative in consumer's mind, says PhonePe executive
BUSINESS
Govt wants main platforms to come to ONDC, not new e-comm apps for joining
Commerce and Industry Minister Piyush Goyal said that ONDC should remove those who do not bring their main platform onto the network.
BUSINESS
Apple's Tim Cook meets PM Modi, affirms investment commitments for India
Apple CEO also met IT minister Ashwini Vaishnaw and sought support for building the component ecosystem in the country to further boost manufacturing of its devices
BUSINESS
Apple previews its Delhi retail store ‘Apple Saket’. Here’s a sneak peek
Apple Saket will have more than 70 team members who come from a combined 18 states across India and collectively speak more than 15 languages. The store also runs on 100 percent renewable energy and is carbon neutral.
BUSINESS
India's per capita income lowest among countries with Apple Stores
The smartphone market’s growth is sputtering in India as fewer feature phone users are upgrading, but Apple’s hopes lie with aspirational youngsters for whom the iPhone is social capital
BUSINESS
Blinkit mess: Quick-commerce rivals feast on as sales surge, marketing costs drop
New users are unlikely to remain on the platforms as consumers tend to shift back to their go-to app whenever things get back to normal, said some executives, unless Blinkit fails to resolve the issue this week
BUSINESS
Blinkit permanently shuts down some dark stores amid delivery workers' strike
'Since this store is being shuttered permanently, we are disabling all of your IDs. For any issue, you can raise a ticket on support,' Blinkit tells some protesting delivery workers
BUSINESS
Blinkit strike: BJP leader writes to deputy labour commissioner on pay cut of delivery workers
Around 2,500 delivery workers of Zomato-owned quick commerce company Blinkit are on strike in Gurugram. More are protesting in Delhi and Noida
