The Central government has released Rs 122.50 crore to over 1,700 agri-startups in the last five years under the Innovation and AgriEntrepreneurship Development programme, Minister of State for Agriculture Bhagirath Choudhary has informed the Lok Sabha. The programme, implemented in 2018-19 under the Rashtriya Krishi Vikas Yojana (RKVY), aims to promote innovation and agri-entrepreneurship, by … Read more
India’s tea exports increased by 13.18 per cent in value to Rs 3,403.64 crore during the first half of the current financial year (April-September) from Rs 3,007.19 crore during the same period of the previous year, according to the latest data compiled by the Tea Board. In volume terms, tea exports went up by 8.67 … Read more
Women now own 20.5 per cent of micro, small and medium enterprises (MSMEs) in India as approximately 45 per cent of startups now originate from tier 2 and 3 cities, indicating a significant shift towards regional entrepreneurial growth, according to a report on Wednesday. Over 1,000 incubators across the country are facilitating access to resources, … Read more
Minister of State (MoS) in the Ministry of Commerce and Industry Jitin Prasada has said that the government is developing industrial corridor projects as part of the National Industrial Corridor Development Programme (NICDP) for the development of greenfield industrial areas, regions, and nodes in order to compete with the world's top manufacturing and investment destinations. … Read more
At least nine in 10 Indian businesses now affirm that embracing cloud transformation is a critical enabler of AI adoption, according to a report on Wednesday. Notably, 67 per cent of Indian companies are currently transitioning applications to the cloud, reinforcing the nation’s commitment to innovation and efficiency, according to an EY India report. Most … Read more
Kellton Tech Solutions is currently trading at Rs. 163.90, up by 0.60 points or 0.37% from its previous closing of Rs. 163.30 on the BSE. The scrip opened at Rs. 167.05 and has touched a high and low of Rs. 171.00 and Rs. 163.25 respectively. So far 352235 shares were traded on the counter. The … Read more
About 73 per cent of the e-commerce and tech startups are planning workforce expansion, signalling a net employment change of 8.9 per cent, a report showed on Wednesday. This surge is fuelled by advancements in AI, the rise of Web 3.0 applications, and the increasing adoption of direct-to-consumer (D2C) models, said the ‘Employment Outlook Report’ … Read more
Government-owned oil major HPCL and Sea6 Energy Private Limited have entered into a Memorandum of Understanding (MoU) for R&D collaboration to take up joint development and commercialisation of technologies for valorising seaweed biomass, according to a company statement issued on Wednesday. Under this MoU, HPCL will develop and scale up technologies jointly with Sea6 Energy … Read more
Andhra Pradesh Chief Minister, N. Chandrababu Naidu, on Wednesday met a delegation from Google and discussed potential areas for collaboration. The Chief Minister said that following up on the MoU signed between the state government and Google, he met the delegation led by its Vice-President Bikash Koley. “Our new progressive industrial policies have created a … Read more
The production-linked incentive (PLI) scheme for telecom and networking products has witnessed Rs 3,998 crore worth actual investment (against Rs 4,014 crore as committed investment) by micro, small and medium enterprises (MSMEs) and non-MSMEs, the Parliament was informed on Wednesday. Minister of State for Communications and Rural Development, Dr Chandra Sekhar Pemmasani, said in a … Read more