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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102510) | |
22271. This Chennai startup is recycling about 250 kg of plastic waste per day entering the sea
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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- Chennai startup Samudhyoga Waste Chakra uses advanced technology to derive value out of plastic and liquid waste in a decentralised, digitised, and decarbonised fashion.
- Single-use plastics, plastic packaging, and multi-layer packaging have become a growing concern over the years. While technology has advanced, it is yet to create a sustainable impact
- Established in 2019, Samudhyoga Waste Chakra uses advanced technology, which derives value out of solid and liquid waste in a decentralised, digitised, and decarbonised fashion.
22272. [The Turning Point] How dropping out of college led this entrepreneur to launch edtech startup LearnApp
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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- The journey of Prateek Singh, Founder and CEO of Noida-based LearnApp
- Prateek then started LearnApp along with Ankush Oberoi, Swati Sharma, and Sohail Alam in 2018.
- The Noida-based edtech startup is a subscription-based platform that offers courses on investing, trading, and finance via recorded and live video sessions from industry leaders. Today, LearnApp has enabled more than two lakh people to learn how to grow money from money.
22273. Sterlite Power raises ₹200 crore in debt financing from Allianz Global Investors
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Business Insider
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- Power transmission player Sterlite Power announced that it has raised ₹200 crore in debt financing from Allianz Global Investors (Allianz GI) -- one of the world's leading investment managers with a focus on sustainable investments.
- This transaction is one of the first infrastructure sector financing deals for Allianz GI in India
- The ₹200 crore facility from Allianz GI has been raised as a non-convertible debenture with a three-year tenure and is part of the larger refinancing exercise undertaken by Sterlite Power to reduce its holding company borrowings.
22274. This startup founded by two ex-Flipkart colleagues is helping small retail stores to compete with ecommerce giants like Amazon
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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- Arzooo is empowering offline electronic stores by giving them access to competitive prices and their network of logistics, enabling them to drive up sales conversions in-store.
- Founded in 2018 with his ex-Flipkart colleague and IIT-Kharagpur alum Rishi Raj Rathore, Arzooo is empowering offline electronic stores by providing them with a larger selection of consumer products at par with online platforms, and gives them access to better prices, enabling them to drive up sales conversions in-store.
- Having worked on and built modern channels like ecommerce, we thought to take the best of ecommerce solutions to offline stores. That was the idea that seeded the concept of Arzooo,” recalls Khushnud Khan, Co-founder and CEO.
22275. Tata Consultancy Services to buy GE's stake In TCS Saudi Arabia
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Times Now
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- IT major Tata Consultancy Services(TCS) today said it will acquire GE's stake in Tata Consultancy Services Saudi Arabia for a cash consideration of $12,471.
- In a regulator filing TCS said, "On completion of required governance and business changes to effect this transition, TCS will assume full responsibility of the Women’s Center, securing its viability in the longer term and allowing it to continue to serve as a source of opportunity and skills development for women in the country"..
- TCS reported 16.4% rise in consolidated net profit to Rs 8,701 crore on a 4.7% increase in revenue to Rs 42,015 crore in Q3 December 2020 (Q3 FY21) over Q2 September 2020 (Q2 FY20). The company announced its Q3 results on Friday, 8 January 2021.
22276. Adani Group to invest in Colombo Port terminal, says Gotabaya
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Hindu
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- Memorandum of Cooperation (MoC) with India and Japan for the project. The three countries agreed that the Sri Lanka Ports Authority (SLPA) would retain 100% ownership, while a jointly-owned Terminal Operations Company — 51% stake with Sri Lanka, and 49% with India and Japan — would run the terminal.
- the statement from President Rajapaksa’s office said he “pointed out” to the unions that after his government negotiated with India, it was possible to reach an agreement for SLPA to “retain 51% of the ownership and the control”.
- President Gotabaya Rajapaksa said 49% of the investment will come from the “Adani Group and other stakeholders”.
22277. Japanese firm Daicel to invest ₹230 crore to set up manufacturing plant in Chennai
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Business Insider
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- Japan's multi-product Daicel Corporation will set up an automotive airbag inflator plant near here at an investment of Rs 230 crore.
- "In the first phase the investment will be ₹230 crore. The focus will be on the domestic market. Based on the demand we will look at other markets," an official told IANS.
- The plant owned by Daicel Safety Systems India Pvt. Ltd, will come up at CapitalLand's OneHub Chennai, an industrial township located near here.
22278. Total speeds up renewables push with $2.5 billion investment in Indian solar power
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Investing.com
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- Total is paying $2.5 billion for a share in Indian renewable energy firm Adani Green Energy Limited (AGEL) and a portfolio of solar power assets, marking the latest step in the French energy company's drive to reduce its dependence on oil.
- For its investment, Total will get a 20% stake in AGEL and a seat on its board, as well as a 50% share in the Indian firm's portfolio of solar power assets, the French firm said.
- AGEL is controlled by Indian conglomerate Adani Group and has a market capitalisation of about 1.483 trillion Indian rupees ($20.25 billion).
22279. This Bengaluru fintech startup uses the power of community networks to improve financial inclusion
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 July 2019, Bengaluru fintech startup Findeed provides low to mid-income Indian families access to formal credit with simple and fair collateral-free loans.
- “We believe this must and can be changed. We aim to empower the working-class Indian with access to financial services beginning with formal credit. We launched Findeed to enable financial access to millions of working-class Indians by leveraging the power of data and technology,” Co-founder Srividhya Ramarathnam tells YourStory.
- Sriram Shankar says, “When we looked deeper into how people came together to help each other borrow money, we realised the sense of social capital was very high. This is the key difference in our approach.”
22280. Global VC Antler weighs $100 million investment in Indian startups
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Moneycontrol
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- With the $100 million fund, the firm plans to back 150 Indian startups over the course of next 4 years.
- The Singapore-headquartered VC firm, present in 11 locations around the world, has till now invested in over 160 technology-companies. With the $100 million fund, the firm plans to back 150 Indian startups over the course of next 4 years.
- Prior to being appointed as co-lead Sharma founded FirstPrinciples VC in 2018, which eventually funded over 35 startups including Fynd, acquired by Reliance Jio; Niki, backed by Ratan Tata; Pocket Aces, backed by Sequoia among others.