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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102675) | |
21861. RBI Restricts Investment in NBFCs from FATF Non-Compliant Jurisdictions
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
LEXOLOGY
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- The Reserve Bank of India (RBI) issued a circular on 12 February 2021 (Circular) to impose restrictions on investments in non-banking finance companies (NBFC) by investors from Financial Action Task Force (FATF) non-compliant jurisdictions.
- New investors from or through FATF non-compliant Jurisdictions will be prohibited from directly or indirectly acquiring ‘significant influence’ in the existing investee NBFC as well as companies seeking Certification of Registration. The term ‘significant influence’ is defined as having more than 20% of the actual and potential voting power. This consequentially prohibits new investors from FATF non-compliant jurisdictions from acquiring more than 20% of the voting rights in NBFCs.
- The jurisdictions on the FATF blacklist include Iran and North Korea, and the ones on the grey list include Albania, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Myanmar, Nicaragua, Pakistan, Panama, Syria, Uganda, Yemen, and Zimbabwe.
21862. Apple aims to make iPhone 12 in India, shift up to 10% manufacturing capacity out of China: Report
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- iPhone-maker Apple is planning to commence iPhone 12 manufacturing in India and in the process, shift 7-10% of the manufacturing capacity of the device in India, according to a Business Standard report.
- It should be noted that Apple already manufactures the iPhone SE, iPhone XR, and iPhone 11 in India through its contract partners and the latest move could potentially lower the cost of the iPhone 12 which retails at a starting price of Rs 69,990 for the base model in India.
- ET had first reported that Apple is working on deepening its manufacturing capabilities in India by increasing local sourcing of components for iPhones besides bringing its partners to kick off local production of iPads, Airpods,MacBooks.
21863. Nearly 6,000 compliance norms identified at state, central level: DPIIT Secy
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Your Story
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- As many as 6,000 compliance norms have been identified so far at state and central level and the work is going on to reduce these barriers to further promote ease of doing business for the industry.
- The exercise is divided into two phases - March 31 and August 15, 2021. In phase 1, work is underway for reducing regulatory burden across six areas including renewal of licences; inspections to be assigned randomly; returns/filings to be standardised and digitisation and simplification of all manual records or procedures.
- Mohapatra said that as per data, maximum compliance burdens are in five ministries - commerce and industry; finance; health; corporate affairs; and mines. Of the 6,000 burdens, 1,500-2,000 are at central level and the remaining at state level.
21864. Chinese phone maker Vivo to open 100 exclusive stores in India this year
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
China
Business Standard
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- Chinese smartphone brand Vivo said it is all set to open nearly 100 exclusive stores across India this year.
- Currently, the smartphone maker has 550 retails stores across the country and by the end of this year, it aims to cross the 650-mark, according to Nipun Marya, Director Brand Strategy, Vivo India.
- "Apart from new products, we are focusing on marketing investment. We are back as title sponsor of the Indian Premier League (IPL)," he noted.
21865. Return of ZebPay: how the crypto trading startup is making the most of India’s bitcoin boom
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- ZebPay claims that two-thirds of crypto owners in India bought their first Bitcoin on its platform. We couldn’t independently verify the claim, but there’s no denying that ZebPay is among India’s oldest crypto trading platforms and a popular name in the world of digital currencies.
- “Bitcoin was born during the 2008 economic crisis so people could store wealth in a decentralised manner. Similarly, investors today want to keep their money safe from inflation, and make it easily accessible. All these factors have led to the boom in crypto trading post COVID-19.”
- Rahul says, “ZebPay has been fully compliant on KYC and other laws. We are as legitimate as any other financial service provider. We didn’t want to fight unfriendly regulators. So, we were the first crypto exchange to shut down operations [in 2018, after the RBI ban]. Early in 2020, we decided to restart because we believe in India, and believe in Bitcoin.”
21866. Pivot and persist: How Nanoclean went from battling air pollution to taking the fight to COVID-19
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- Launched in 2017, Delhi-based startup Nanoclean began its journey by manufacturing nasal filters to tackle air pollution. Pivoting to face masks seemed a natural progression amidst COVID-19 and the startup has now garnered a government grant of Rs 1.3 crore.
- In 2017, it won the Startup National Award conferred by the President of India. The startup also has multiple grants on its name from the Government of India, including the Department of Science and Technology, and a joint grant with IIT-Delhi from the Ministry of Human Resource Development.
- The startup sold more than five lakh face masks, called nano masks, across the world only in February and there has been no looking back. The company, which gained attention for its nose filters, gradually started supplying masks to hospitals and frontline workers and started working with the government directly.
21867. 75 वर्षीया नानी के हुनर को नातिन ने दी पहचान, शुरू किया स्टार्टअप
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
Hindi
India
The Better India
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- दिल्ली में रहने वाली कृतिका सोंधी ने भी अपनी नानी के बनाए गर्म कपड़े पहने हैं। यहाँ तक कि अपनी पढ़ाई पूरी करने के बाद जब वह अपनी नानी के साथ कुछ दिन रहीं तो उन्होंने देखा कि उनकी नानी 72 वर्ष की उम्र में भी घंटों तक बुनाई करतीं हैं। कृतिका ने द बेटर इंडिया को बताया कि वह अपने नाना-नानी से बहुत ही लगाव और स्नेह रखतीं हैं।
- उन्होंने नानी को अपना प्लान बताया, लेकिन उनकी नानी, आशा पुरी को यह आइडिया जमा नहीं। नानी को भी यही लगा कि अब इस उम्र में वह क्या करेंगी यह सब करके। लेकिन कृतिका, आशा के पीछे पड़ी रही और आखिरकार अपनी कृतिका की जिद के आगे आशा हार गईं। इस तरह से लगभग तीन साल पहले कृतिका ने अपनी नानी के हाथ से बनाए गर्म कपड़ों को एक पहचान देने के लिए ‘विद लव, फ्रॉम ग्रैनी’ के नाम से पहल शुरू की।
- कृतिका की माँ, नीरू ने भी उनका साथ दिया और उन्होंने इसे फुल-टाइम चलाने की ठानी। शुरू में एक-दो ऑर्डर्स से शुरू हुई उनकी कहानी आज महीने में 100 से भी ज्यादा ऑर्डर्स तक पहुँच चुकी है। सबसे अच्छी बात यह है कि उनके इस स्टार्टअप से और 14 लोग जुड़ चुके हैं। ये सभी 14 लोग दिल्ली के रहने वाले हैं। कोई अपने घर में आर्थिक मदद के लिए उनके साथ जुड़ा है तो कोई अपने शौक को आगे ले जाने के लिए।
21868. [Tech30 Special Mention] This startup is helping professionals earn money online
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- It is estimated that office productivity loss due to employee time spent on administrative tasks (that can be easily automated) costs nearly $5 trillion annually, and roughly 69 workdays are spent doing such tasks. For gig economy workers and independent professionals who earn money based on the time they spend producing results-oriented work, this loss in productivity translates directly into decreased incomes.
- “We combine nearly eight to nine tools that professionals would have required to offer their services, into one, and save them a lot of precious time which they can spend on billable tasks,” says Gaurav, in an interview with YourStory.
- The platform, in addition to backend automation and analytics, allows professionals to create their own professional page that highlights their expertise and services - starting with a video message that it asks its users to shoot and upload. It gives businesses wanting to get in touch with professionals listed on Superpro several contact points within the platform, without ever revealing their personal information such as emails or phone numbers.
21869. [Tech30 Special Mention] With clients like Facebook, Jio, and IPL, Superfan Studio is riding the AR filter trend in India
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- Founded in 2017 by Snehal Dhruve, Superfan Studio is a browser-based no-code tool to personalise and create augmented reality (AR) filters for social media platforms.
- Besides these, Superfan Studio also serves clients, including Puma, Fossil, University of Southern California, Reliance Jio, Sony, Fox, Samsung, Star Sports, World Cup, and Asian Games, among others. The startup has completed over 250 AR projects since its inception.
- In six months, the startup transformed the product from a niche AR marketplace to a template’s marketplace in order to create a fully automated solution to build AR experiences for existing AR-powered social media platforms.
21870. [Tech30 Special Mention] How Gurugram startup Shippigo is digitising logistics for online SME sellers
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- One of Saurabh Jaitly’s friend — a platinum seller on Amazon India — confided in him the challenges he had to encounter while shipping his products. While the local logistic companies helped ship the orders, with no simple tracking mechanism, Saurabh’s friend had to process every order manually. In fact, he had to do the same for the orders he received on Shopify.
- “At a click, orders can be synced and processed with a carrier of their choice. We offer a host of delivery monitoring and customer engagement tools, which enables a two-way interaction between the shipper and the customer,” Nitish says.
- “Customers can reschedule deliveries, cancel shipments, rate delivery experience, and product satisfaction level, etc. Companies can also send their inventory to the fulfilment centre, and we keep it safe for them. Once an order is received, we pack it, process it, and dispatch it. Users can book inbound and outbound requests, and also keep track on their inventory levels at all points via the Shippigo dashboard,” says Nitish.