Flipkart and DPIIT Collaborate to Boost India’s Startup Ecosystem Introduction: A Strategic Collaboration to Foster Growth In a significant move to support India’s growing startup ecosystem, Flipkart, a leading e-commerce giant, has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to promote and empower startups across the country. This collaboration is…
MUDRA Loan Limit Doubled to ₹20 Lakh: A Boost for Entrepreneurs The Government of India has announced a significant increase in the MUDRA (Micro Units Development and Refinance Agency) loan limit, doubling it from ₹10 lakh to ₹20 lakh. This decision aims to bolster the micro, small, and medium enterprises (MSME) sector, providing entrepreneurs with…
Chiratae Ventures Honors Narayana Murthy with Patrick J. McGovern Awards Introduction to the Event Chiratae Ventures recently honored Narayana Murthy, the co-founder of Infosys, with the prestigious Patrick J. McGovern Awards for his extraordinary contributions to the technology and entrepreneurial ecosystem. This recognition is a testament to Murthy’s impactful leadership and vision that have significantly…
Gautam Adani Reclaims the Title of Asia’s Richest Person Surge in Wealth and Market Capitalization Gautam Adani, the chairman of the Adani Group, has reclaimed his position as Asia’s richest person, surpassing Mukesh Ambani of Reliance Industries. According to the Bloomberg Billionaires Index, Adani’s net worth now stands at $111 billion, placing him 11th globally….
GetVantage Secures NBFC License from RBI: Pioneering RBF Start-up Introduction: In a significant development, GetVantage, a pioneering Revenue-Based Financing (RBF) start-up, has successfully secured a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI). This milestone marks a pivotal moment in the realm of alternative financing in India, opening new avenues for…
SBI Life Launches IdeationX: Pioneering Life Insurance Innovation SBI Life Insurance, one of India’s leading life insurance companies, has recently introduced IdeationX, a pioneering initiative aimed at driving innovation in the life insurance sector. This strategic move marks a significant milestone in the realm of insurance services, leveraging technology and innovation to enhance customer experience…
SINE, IIT Bombay, and Canara Bank Forge Partnership for Startup Financing In a significant stride towards fostering entrepreneurship and innovation, SINE (Society for Innovation and Entrepreneurship), the business incubator of IIT Bombay, has joined hands with Canara Bank to facilitate startup financing. This strategic partnership aims to provide crucial financial support to budding entrepreneurs, thereby…
Mumbai Surpasses Beijing as Asia’s Billionaire Capital In a significant shift of economic power, Mumbai has overtaken Beijing to claim the title of Asia’s billionaire capital, as per the latest report by the Hurun Research Institute. This report marks a milestone in the economic landscape of Asia, highlighting the rapid growth and emergence of India…
4th Shanghai Cooperation Organisation Startup Forum Held in New Delhi The 4th Shanghai Cooperation Organisation (SCO) Startup Forum was recently convened in New Delhi, marking a significant stride towards fostering entrepreneurial collaboration among member nations. The event, hosted by India, served as a platform for dialogue and cooperation in the startup ecosystem within the SCO…
DBS Bank India Announces $250 Million Lending Support for Start-ups, New Economy Companies In a significant move aimed at bolstering the entrepreneurial ecosystem, DBS Bank India has declared a groundbreaking initiative by earmarking $250 million to extend lending support to start-ups and companies operating within the new economy domain. This strategic allocation underscores DBS Bank’s…
