Suzuki-Led JV To Invest INR 3,715 Cr For Manufacturing EV Batteries In India
In a bid to ramp up India’s electric vehicle (EVs) adoption plans, Automotive Electronics Power, a joint venture (JV) of Japan’s three tech giants — Suzuki, Toshiba, and Denso — has committed INR 3,715 Cr for the second phase of production of lithium-ion batteries in India.
‘Family And Friends’ Provide the Maximum Funding For Startups: RBI Study
The Reserve Bank of India (RBI), on Wednesday, released a detailed report on the Indian startup ecosystem. Interestingly, when it came to startups funding and capital support — friends and family emerged as the largest source of funding for startups contributing up to 42.9%, compared to other sources of funding such as angel investors, incubator funding, and venture capital firms among others.
Startups Cry Foul Over Tax Advantage For Global Tech Giants
In a letter on Wednesday, Local Circles, a platform of community forums, on behalf of Indian startups asked the government for a level playing field with tech giants such as Facebook, Google, Uber, LinkedIn and others in terms of tax burden.
How The Year 2019 Fared For Delhi-Based Startups And Expectations From The New Year
As the decade closed, it is worth looking back to see how much the Indian startup ecosystem has grown over the years. From starting out as a fledgling ecosystem, the combined indefatigable efforts of both public and private stakeholders have led India to become the third-largest entrepreneurial hotspot in the world.
Other People’s Money Was The Tech Innovation Of The Decade
Technology changed every molecule of life in the 2010s. Airbnb, Uber and other young companies morphed the physical complexion of cities and how they work. The growing prevalence of e-commerce, fast internet connections, and smartphones in everyone’s pockets shifted how we shop, behave and are entertained — with both good and bad ripple effects. Even the stodgiest industries were forced to shake up what they do in reaction to new competitors and the changing expectations of their customers.