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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102633) | |
22011. How this Chennai-based startup is making crypto trading simple and trustworthy
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 by IIM Calcutta alumni Vikram Subburaj and Arjun Vijay, Giottus Inc. in 2017, Chennai-based crypto trading startup Giottus is leveraging customer support, security, and trust to drive digital currency adoption in India.
- The idea was “to build an exchange that could deliver this complex tech in a simple and trustable format”, he says.
- The two-year-old platform at present allows customers to trade in more than 100 digital currency pairs in three ways: open order book spot exchange, peer-to-peer (P2P) exchange, and simple buy and sell.
22012. ADB pledges $100 million to NIIF’s Fund of Funds
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Mint
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- The National Investment and Infrastructure Fund Ltd (NIIF), on Monday said it has received a commitment of about $100 million from the Asian Development Bank (ADB) into the NIIF Fund of Funds (FoF).
- With ADB’s investment into the NIIF platform, the total commitments towards the FoF stand at $700 million, which includes investment pledges from the government and Asian Infrastructure Investment Bank (AIIB), NIIF said in a press statement.
- With ADB’s investment into the NIIF platform, the total commitments towards the FoF stand at $700 millionIn June 2018, AIIB had approved an equity investment of $100 million as part of FoF’s initial closing
22013. Facebook buys 9.99% stake in Reliance Jio for Rs 43,574 crore
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
The Economic Times
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- Facebook will invest Rs 43,574 crore, largest FDI in India's technology sector
- Facebook will invest Rs 43,574 crore in Jio Platforms, a unit of Reliance IndustriesNSE 0.54 % Ltd (RIL), for a 9.99% stake, an allcash deal that will help the oil-toretail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.
- RIL’s shares closed 10.3% higher at Rs 1,363.35 on the BSE Wednesday, having surged more than 12% in intraday trade. The transaction will value Jio Platforms at Rs 4.62 lakh crore. Jio
22014. Bira 91 owner B9 Beverages raises $20 million in bridge financing from Sequoia Capital, Sofina
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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- Bira competes with the likes of global beverages giants Anheuser-Busch InBev, Carlsberg and United Breweries, among others. Additionally, the round has also seen participation from Korean private equity fund Neoplux and multiple family offices, whose names have not been disclosed.
- B9 Beverages, which owns and sells craft beer brand Bira 91, has raised $20 million (about Rs 153 crore) in bridge financing from two of its existing investors - Sequoia Capital India and Belgium’s Sofina.
- The latest capital raise is part of B9 Beverages’ larger $30 million pre-Series C equity financing round, the proceeds of which are earmarked for business expansion in India with a focus on increasing market share in the premium beer segment, said Ankur Jain, chief executive of New Delhi-headquartered B9 Beverages.
22015. Amid turmoil at SoftBank, its Vision Fund scouts for secondary deals in India
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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- Rajeev Misra, who oversees the Vision Fund as its CEO, said the firm has $13 billion in unspent capital which they are in talks to deploy in India, and globally, amid doubts about the group’s ability to plough new funds in companies.
- Even as the spluttering $100 billion SoftBank (SVF) grapples with a severe crisis across its portfolio companies globally, compounded further by the outbreak, the technology investor is on a lookout to snag new deals in India, a top executive at the Japanese firm told ET.
- Rajeev Misra, who oversees the Vision Fund as its CEO, said the firm has $13 billion in unspent capital which they are in talks to deploy in India, and globally, amid doubts about the group’s ability to plough new funds into companies.
22016. Amazon India to use more rail routes for faster deliveries amid lockdown
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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- Amazon India will transport consignments via rail across the country and is leveraging the 'COVID-19 Parcel Special Trains' introduced by the Indian Railways to ramp up its operations to 55 lanes during the lockdown period, according to a statement.
- Amazon India said it will use 55 railway routes to transport goods between cities as the e-commerce major works on ways to ensure faster deliveries to customers amid the nationwide lockdown.Strengthening its partnership with the Indian Railways, the company would now be utilising 55 railway lanes.
- Last year, Amazon India had partnered with Indian Railways for inter-city transportation of e-commerce packages on 13 lanes. It had also set up pickup kiosks for customers in Kolkata and Mumbai.
22017. ISRO demonstrates hack-proof quantum communication:
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Innovations in Bharat
English
India
India Today
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- In a major step forward towards satellite-based quantum communication, scientists from Ahmedabad-based Space Applications Centre and Physical Research Laboratory successfully demonstrated quantum entanglement. Using real-time Quantum Key Distribution (QKD), they conducted hack-proof communication between two places separated by 300 meters.
- Quantum communication is one of the safest ways of connecting two places with high levels of code and quantum cryptography that cannot be decrypted or broken by an external entity.
- If a hacker tries to crack the message in quantum communication, it changes its form in such a manner that would alert the sender and would cause the message to be altered or deleted. Typical encryption relies on traditional mathematics and while for now it is more or less adequate and safe from hacking, the development of quantum computing threatens that.
22018. Kisan Rail was launched to help small and marginal farmers: All you need to know
Make in India / Atmanirbhar
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‘Make in India’ – Indian Railway
English
India
News Nine
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- Kisan Rail was launched on August 7, 2020.It has enabled farmers to sell their produce at distant markets.Farmers are given a 50 per cent subsidy by MoFPI.
- The train had a total of 23 coaches on which 453 tonnes of bananas were transported. According to the Ministry of Railways, so far, 3.45 lakh tonnes of farm produce has been transported in 1,000 Kisan Rail trips from the Central Railway zone.
- Kisan Rail was launched so that perishable commodities like fruits and vegetables can be transported to distant markets at a reasonable cost to get a better price.
22019. Mumbai: Railways Ministry to design, manufacture, procure 25 sets of Freight EMU, first time in history of Indian Railways
Make in India / Atmanirbhar
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‘Make in India’ – Indian Railway
English
India
Free Press Journal
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- for the first time in 169 year history of Indian Railways, Freight EMUs is being conceptualized. In this Budget, they have sanctioned Rs 1500 crore for developing this freight EMU.
- the government has set aside a budget of Rs 200 crore as Capital and another Rs 1300 crore as Extra Budgetary Resources (EBR), which has been mentioned in the Pink Book of Indian Railways. This project is directly being monitored by the Railway Board in Delhi. However they have provided only Rs 1000 - as token amount - as outlay proposed for 2022-23.
- As per plans, the Railway Ministry is looking at designing, manufacturing and procuring 25 sets of Freight EMU at a cost of Rs 60 crore per set. "Each set shall comprise of 16-car (coaches). This will be usually longer than than regular EMUs that we see in Mumbai where trains are usually 12-car or 15-car each," said an official from Railway Board.
22020. Mumbai-Nagpur Expressway to Get Korean Intelligent Transportation Tech for Safe Travel
Make in India / Atmanirbhar
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‘Make in India’ – Indian Railway
English
Maharashtra
News18
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- Republic of Korea will be sharing its technology with India to monitor and manage the upcoming Mumbai-Nagpur Expressway.
- The 701-km Expressway is going to be the longest in India and the first time where India is going to implement the Intelligent Transportation System for the safety of motorists and to prevent accidents.
- The journey from Mumbai to Nagpur is all set to become smooth with the construction of 701-long Samruddhi Expressway, touted as the ‘fastest’ expressway in India.