| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102405) | |
21721. This banking intelligence startup is making due diligence and onboarding simpler for banks and NBFCs
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- Mumbai-based Karza Technologies is an analytics, business intelligence, and automation platform that aggregates and analyses information to provide onboarding, due diligence, monitoring, and skip tracing solutions for the BFSI sector.
- Keen to change this, college friends Omkar Shrihatti and Gaurav Samdaria in 2015 started business intelligence solution provider Karza Technologies in Mumbai.
- Karza focuses on minimising inefficiencies in the BFSI ecosystem using Big Data and AI. The core problem it solves for includes scattered and unstructured data. The platform collects information from all available scattered data and identifies relevant sets. The data is stitched in one place using a unique identifier, the Karza ID. The dashboard allows clients to view the data in an easy, consumable manner.
21722. Bengaluru Startup’s ‘Charzer’ Lets Electric Bikes Charge in Stores For Rs 25/Hour
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- By the end of October 2020, 100 IoT-powered electric vehicle charging stations will go live in Bengaluru, thanks to ‘Charzer’.
- By the end of October 2020, 100 IoT-powered electric vehicle charging stations will go live in Bengaluru thanks to ‘Charzer’, a startup established by Sameer and his team in February 2020. Called Kirana Charzers, the Bengaluru-based startup claims these low cost, compact and low maintenance EV charging stations can be installed at small shops and by individuals, which will allow them to earn an additional source of income.
- The startup began developing the Kirana Charzer in the middle of last year. After months of research and developing prototypes, they launched the Kirana Charzer in February 2020 at MOVE, a global platform for major players across the transport industry, in London.
21723. बेंगलुरु: नारियल की सूखी पड़ी पत्तियों से हर रोज़ 10,000 स्ट्रॉ बनाता है यह स्टार्टअप
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- Evlogia Eco Care, बेंगलुरू की एक स्टार्टअप कंपनी है। इसकी शुरूआत 2018 में हुई थी। यह संस्था नारियल के सूखे पत्तों से ‘Kokos Leafy Straws’ नाम से पर्यावरण के अनुकूल स्ट्रॉ बनाती है।
- कच्चे माल को तैयार करने से लेकर अंतिम उत्पाद की पैकेजिंग तक का पूरा काम महिलाएं ही करती हैं। मणिगंदन कहते हैं कि स्ट्रॉ को आधे घंटे तक गर्म पेय पदार्थों में और 6 घंटे तक ठंडे पेय पदार्थों में रखा जा सकता है।
- स्टार्टअप के संस्थापक मणिगंदन कई बहुराष्ट्रीय कंपनियों में काम कर चुके हैं। 2016 में उन्होंने कॉर्पोरेट सेक्टर छोड़कर उद्यमी बनने का फैसला किया। उस दौरान उन्होंने टेनको नाम की एक कंपनी शुरू की। यह कंपनी नारियल को ई-कॉमर्स प्लेटफार्मों पर बेचती थी।
21724. European Investment Bank to invest 650 million euros into Kanpur metro rail construction
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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Uttar Pradesh
Business Today
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- The European Investment Bank (EIB) said it will invest 650 million euros into the construction of Kanpur's first metro line, enabling about three million people in the city to benefit from green, fast and affordable public transport. The EIB, in a statement, said the new metro rail system will reduce commuting hours and unlock new employment and education opportunities in Kanpur, the industrial capital of Uttar Pradesh.
- This is the second metro rail project supported by the EIB in Uttar Pradesh, following the 450 million euros investment in the development of a metro rail system in the city of Lucknow. The second biggest EIB operation outside the EU to date will finance the construction of a 32.4 km urban rail line, with 18 elevated and 12 underground stations, the statement said.
- Once completed, Kanpur metro rail will create 1,100 new jobs and enable around 116 million more affordable commutes each year, it said. This is the fifth EIB investment in green infrastructure and connectivity in India. The EU bank has invested in metro rail systems in Bhopal, Pune, Bangalore and Lucknow.
21725. Not sure what to buy? This social commerce startup offers reviews and recommendations from people you trust
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- Founded in September 2019, social commerce platform SpotKwik allows you to take better buying decisions, by offering reviews and recommendations from friends, family, and friendfluencers.
- An entrepreneur with a failed venture, Mithun saw promise in solving online shopping hassles and founded SpotKwik along with Anusha Sundar in September 2019.
- SpotKwik is an online shopping platform that lets users buy products after reading reviews and recommendations from people they trust – friends and family who have tried and tested the products
21726. Toyota Kirloskar Motor reiterates its commitment to Indian market
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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Karnataka
Mint
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- Toyota Kirloskar Motor (TKM) said it remains deeply committed to the Indian market and its national objectives, refuting once again the claims by a senior company official earlier that it would stop further expansion in India due to high taxes.
- "As part of these efforts, Toyota Group in India is targeting to invest over ₹2,000 crore in India in the coming years on technology and electrification, both for the domestic and the exports market," TKM Managing Director Masakazu Yoshimura said in a statement.
- The company has an installed capacity of 3.10 lakh units spread across two plants in Bidadi, Bengaluru.
21727. Goa Startup’s Biodegradable Packaging Stores Liquid Food For 2 Days, Without Leaks
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- “The practice of food packaging and delivery in the food and restaurant business is predominantly centred around plastic or aluminium containers. These containers either pile up in our homes or probably enter a landfill,” says Sachin Gangadharan, an architect who quit his job and co-founded the startup in 2019.
- LaFabrica Craft launched by Sachin Gangadharan offers biodegradable packaging solutions through innovative paper bags that prevent liquids from leaking and carry weights upto 20 kg
- Can you imagine collecting a parcel for a dal or a curry from one of the favourite restaurants in a paper bag? Further, what if the paper packaging guarantees to be leak-proof for two days? A Goa-based startup – LaFabrica Craft – has innovated just that -a packaging solution that allows liquid food items to be carried in a biodegradable packaging solution.
21728. BHEL ties up with SwissRapide AG to bring Maglev trains to India
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
Switzerland
Times Now
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- State-run engineering firm Bharat Heavy Electronics Limited (BHEL) recently announced its tie-up with SwissRapide AG to bring magnetic levitation trains commonly called Maglev trains to India.
- As per the agency report, this project will enable BHEL to bring the latest, world-class technology transportation to India as it will enable the PSU to manufacture state-of-the-art Maglev trains indigenously.
- The MoU sets out the foundation to cooperate and explore mutually beneficial business opportunities, and to utilise both the companies' inherent skills capabilities, knowledge and assets, with respect to the scope of Maglev train projects in the country.
21729. Stylish yet simple: startup Boingg!'s winning mantra to give kids a happy start
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Startups in Bharat
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India
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- Gurugram-based children’s furniture startup Boingg! survived days of zero revenue during the pandemic-led lockdown. Sales have now picked up for the startup, which is targeting up to Rs 50 lakh revenue per month by Diwali.
- “In a family home, all the joy and laughter reside in the child’s room. We want the room to match its occupant,” says Neha Indori, Co-founder of children furniture startup Boingg!
- Bitten by the entrepreneurial bug, Neha discussed the idea with her husband, Vitesh, and her brother-in-law, Dhruvan Barar, an IIM-Kozhikode graduate who was then working with Quikr as a Senior Associate. Vitesh decided to continue working with BMW, while Neha quit her job at Infosys India and joined hands with Dhruvan to start Boingg!
21730. Chinese car company plans to up India investment by Rs 1,000 crore
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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China
The Times Of India
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- Unfazed by the anti-China sentiment, MG Motor has said that it will approach the department for promotion of industry and internal trade (DPIIT) to make fresh investments into India as the Chinese carmaker plans to get in an additional Rs 1,000 crore to launch new models and expand operations. However, in line with the recent changes in FDI rules, the company — due to its lineage (it’s a sub-brand of Chinese auto major SAIC) — will need to take an approval/clearance from DPIIT to make fresh investments.
- “The government has full right and responsibility to decide whatever is good for the country. Any government has to do what is good for the country. The Indian government is doing all the right things,” MG Motor India president and MD Rajeev Chaba told TOI when asked whether the additional permissions were a business irritant. Asked whether the anti-China sentiment will have an impact on business sentiments, he said “short-term” effects could be there, but it will be growth-oriented business in the medium to long term.
- The company had to lose out on an electric vehicle order from Energy Efficiency Services (EESL), the central government’s electric vehicles procurement arm, due to changed rules for government tenders where DPIIT clearance is required. Chaba, however, claimed that the company decided “not to participate” in the tender as the price of the ZS electric SUV was higher than what EESL wanted. On plans for India, he said that MG Motor will be increasing localisation. “We have taken a conscious call to have higher localisation in the country. Even if a part is 20% costlier in India than any other country, especially China, we will localise.”