Monday, 7 October 2019

Business News:- Startup News


Zomato to launch original food centric video streaming services

Zomato is launching its own video platform
Zomato will prepare their own web series they will show you food related videos


HRD ministry ask institute to use 1% budget for startup

HRD ministry asked all the institutes in India to spend 1% of their budget on the startup in India to boost the startup culture
This is because of economic slowdown in India.
 India is not growing as per the required GDP growth rate
To fight with unemployment, attrition retrenchment  and job losses
If startup get some financial support country can come out of economic slowdown immediately

Udan has raised 300 million dollar from california-based hedge fund Altimeter capital
Udaan B2B portal where they sell products

Fashion retail startup stalkbuylove faces cash crunch

GOA's  e-bike ecotourism startup B-Live raises 4 crore rupees

IIIT-B.  E- Cell announces business model competition eureka! 2019
Winner will get 50 lakh rupees if he has very good business idea
Registration is yet to to start

Snapdeal founders Kunal bahl and Rohit bansal have setup and investment vehicle named Titan capital to invest in startups
This new company will help startup to get the funding / Investment and grow
They have helped 70 startups in getting investment

Tiktok a short form video platform is running a consumer awareness initiative #wait-a-second-to-reflect to drive responsible online conduct

Tiktok wants to change its brand image
Tiktok is inviting intellectual people from education and academic industry on their short from video platform

Flipkart co-founder and former group CEO binny bansal has sold his shares worth about 14 million dollar to tiger global

OYO is reportedly in advanced talks to acquire the student accommodation assets of lovely professional University LPU for 200 million dollar

wework announced it will add a woman member to its board after facing criticism in August when the all male board was disclosed in an initial public offering prospectus

Paytm has appointed 2 former Google executives to head its advertising business and cloud offering respectively

United Bank PNB OBC's merged entity to be functional from April 1

Banks may give extra 68000 crore in export credit as government eases rule

Volkswagen agrees to pay up to 127 million dollar to settle diesel scandal

Telecom Minister Ravi Shankar Prasad has said India will conduct the 5G spectrum auction by the year's end or  early 2020

haldiram snacks in advance talks to invest about 8 to 10 million dollar in Bangalore based milkshakes and dessert brand frozen bottle.

Air India posts 4600 crore operating loss in financial year 2019

GoAir is reportedly planning to raise about 5000 crrore Rs through initial public offering IPO and seeking to dilute around 25% of its stake

Apple gains 11 billion dollar in market value after iPhone 11 launch
Apple is opening its first store in Mumbai
Appreciation of share prices seen in Apple after iPhone 11 launch

Government may cap Ola, Uber surge price at thrice the base fare
Ola Uber used to increase the fare / price heavy rain/ peak hours/ in the night etc 

Azim premji sales 7300 crore rupees  shares in Wipro buyback

Wipro buyback shares from Azim Premji
Because company think that it will grow more in the future.

Xiaomi announces 1.5 billion dollar share buyback its biggest to date for xiaomi

Lava to make medical devices for general electric
Electric devices which are having ultra sound

India to start getting Swiss bank details of Indians from September 1

Cash withdrawals exceeding one crore rupees to attract 2% TDS from 1 September
After demonetisation again cash has come back to the Indian market aur economy as previously it was
India wants to make its economy cashless economy

Record high of 49.29 lakh ITRs filed in a day on August 31st

RFID enabled toll plazas to go cashless from September 13

Paytm may buy shares of Yes Bank co- founder, his family for 2000 crore rupees

Google and YouTube fined 170 million dollar for illegally collecting data from kids



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