SUMMARY According to a recent estimate, the Indian electric two-wheeler market is currently valued at approximately $1.2 Bn Around 60% of sales is coming from urban centres like Delhi, Mumbai, Pune, and Bengaluru Programs like FAME II provide substantial subsidies, while tax benefits and exemptions on road taxes make the initial investment in electric two-wheelers more affordable The growth of the electric two-wheeler market in India is nothing short of remarkable. According to a recent estimate, the market is currently valued at approximately $1.2 Bn, and driven largely by Tier I cities, where the need for eco-friendly, efficient transportation is…
Author: DF Manager
SUMMARY While promoter Peak XV dumped 53.5 Lakh shares of Awfis at INR 709.9 apiece, Bisque offloaded 31.81 Lakh shares at the same price The shares that flooded the market were lapped up by Invesco, Goldman Sachs India, Citigroup, Morgan Stanley, Societe Generale, Whiteoak Capital, among others Shares of Awfis ended 8.61% higher at INR 778.65 on the BSE on December 11 VC giant Peak XV Partners offloaded Awfis shares worth INR 379.8 Cr via multiple bulk deals. As per NSE data, Mauritius-based investment firm Bisque Limited also sold shares worth INR 225.84 Cr of the listed coworking space provider. …
WhatsApp users faced disruption on Wednesday night, with many taking to X to voice their concerns about the outage. Meta’s Facebook was also down for more than 50,000 users, while Instagram experienced issues affecting over 23,000 users, according to the outage tracking website Downdetector.com.— downdetector (@downdetector) Some Facebook and Instagram users posted on rival platform X that they were facing an error that said “something went wrong”.— Wesley_Kibande (@Wesley_Kibande) Meta said it is aware of a technical issue impacting users’ ability to access its apps.”We’re working to get things back to normal as quickly as possible and apologize for any…
Israel has expressed its support for the Adani Group despite the bribery allegations against its founder in the United States. Reuven Azar, Israel’s envoy to India, stated that Israel wants Adani and other Indian companies to continue investing in the country. He emphasized that the allegations by U.S. authorities are “not something that’s problematic” from Israel’s perspective.This support comes as the Adani Group faces scrutiny over allegations of bribery to secure solar power contracts. Despite these allegations, the group continues to receive backing from various international partners, including Israel.The Adani Group has made several significant investments in Israel, including Haifa…
Over the past decade, the Indian startup ecosystem has grown into a powerhouse of innovation and growth, with the ecommerce sector leading the charge. Not to mention, this sector is expected to breach the $400 Bn mark by 2030. Notably, a key driver for the growth of this sector has been the beauty and personal care (BPC) segment, projected to become a $28 Bn+ market opportunity by 2030, expanding on the back of a spurt in the number of BPC brands entering the space each year. However, amid this rise in the number of BPC players, it often gets difficult…
Recognized startups have created over 16.6 lakh direct jobs across more than 55 varied industries. This is a testament to the vibrant startup ecosystem in India and the significant impact these startups are having on the economy.Key Industries:Healthcare & Lifesciences: 1,47,639 jobsIT Services: 2,04,119 jobsProfessional & Commercial Services: 94,060 jobsServices: 94,060 jobsRetail: 33,114 jobsEducation: 90,414 jobsGovernment Support:The Startup India initiative has played a crucial role in nurturing this ecosystem, providing support through schemes like the Fund of Funds for Startuns (FFS) Startun India Seed.The Startup India initiative has played a crucial role in nurturing this ecosystem, providing support through schemes like the…
The Founders Network: A Networking Event for Aspiring Leaders & Visionaries Are you a founder, CEO, professional, aspiring entrepreneur, or someone dreaming of launching a startup? Join us for The Founders Network, an exclusive networking event designed to connect visionaries, innovators, and leaders. Why Attend?-Connect with like-minded professionals and industry leaders.-Share ideas, insights, and opportunities to collaborate.-Gain inspiration and guidance for your entrepreneurial journey.-Build meaningful relationships to elevate your career or startup vision. Event DetailsDate: Saturday, December 21st, 2024Time: 10:00 AM to 1:00 PMLocation: Cyfer Code, Akshay Tech Park, 3rd Floor, Goodworks CoWork, Whitefield, Bengaluru Free Entry: No fees –…
Indian healthtech space has seen a significant rise in the last few years. Since 2014, over 11,620 startups entered the sector. According to a report by Tracxn report, the total funding for Indian healthtech firms stood at $9.9 billion as of July, 2024, significantly higher than $362 million in 2023. However, these funds continue to be substantially lower than Covid-19 levels.Traditional healthcare institutions, too, are keen on working with these up and coming new-age companies.In a bid to work closely with Indian medical, healthtech and pharmaceutical startups, students and incubators, Novartis Development Hub in India, recently launched NEST (Nurturing Excellence,…
SUMMARY An email sent to the company employees reads that the terminations were intended to prevent employees from working under stress Some users have questioned the authenticity of the incident, speculating that it might be a marketing stunt Last year, Yes Madam was under fire for allegedly exposing the sensitive data of its customers and gig workers owing to a server-side misconfiguration Shark Tank fame Yes Madam is facing backlash online for allegedly terminating more than 100 employees who expressed heightened work-related stress in a mental health survey conducted by the company. An ex-copywriter at Yes Madam, Anushka Dutta, took…
Micro, small, and medium enterprises (MSMEs) are emerging as powerful agents of change in India’s vibrant entrepreneurial landscape. These businesses, often born from a single spark of an idea, are now fuelling the dreams of a nation and driving its economic engine. With their remarkable ability to adapt and think out of the box, they are challenging the status quo and carving their place on the national stage. Over the last decade, these enterprises have evolved from creating simple goods to developing innovative and sophisticated products. However, these journeys are not without challenges. Many MSMEs face significant hurdles, including limited…