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BPCL Injected Rs 28 Cr in 30 Start-Ups So Far, Says Hardeep Singh Puri

OutlookIndia

OutlookIndia · 3m ago

BPCL Injected Rs 28 Cr in 30 Start-Ups So Far, Says Hardeep Singh Puri

Bharat Petroleum Corporation Ltd (BPCL) has invested Rs 28 crore from its Rs 88 crore start-up fund to support over 30 start-ups in sectors like energy, healthcare, AI, and agriculture. This initiative, highlighted by Union Minister Hardeep Singh Puri, aims to empower young entrepreneurs and drive innovation. BPCL's investment focuses on projects such as fuel-flexible turbines, drones, and clean energy solutions, aligning with India's broader push for an Atmanirbhar Bharat.

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Indians now daring to create multinational companies: Hardeep Singh Puri

Economic Times

Economic Times · 9m ago

Indians now daring to create multinational companies: Hardeep Singh Puri

Indian entrepreneurs are increasingly starting their own multinational companies, marking a significant shift in the country's economic growth, according to Union Minister Hardeep Singh Puri. Puri also highlighted the need to nurture talent in deep tech areas to reverse the brain drain. He noted that more Indian professionals are choosing to stay in the country and build businesses, thanks to enticing opportunities and government support. Puri attributed this shift to Prime Minister Narendra Modi's efforts to make India an innovation hub. As a result, India now boasts the third-largest startup ecosystem globally.

300 innovators including Zomato, Mamaearth founders attend BJP event in Delhi

Money Control

Money Control · 1y ago

300 innovators including Zomato, Mamaearth founders attend BJP event in Delhi

Zomato, Mamaearth, Urban Company and EaseMyTrip founders were among the 300 tech innovators who attended the BJP government's 'Dinner Pe Charcha' event at a ministerial bungalow in Delhi on Monday. At the event, ministers Rajeev Chandrasekhar and Hardeep Singh Puri talked about India's achievements in the past 10 years. YouTuber Gaurav Chaudhary (Technical Guruji) also attended the event.

'Yeh jo kiraye ke tattu hain': Union Minster Hardeep Puri slams pro-Khalistan protestors

Economic Times

Economic Times · 2m ago

'Yeh jo kiraye ke tattu hain': Union Minster Hardeep Puri slams pro-Khalistan protestors

Union Minister Hardeep Singh Puri criticized recent pro-Khalistani protests in Canada, describing the demonstrators as "hired stooges" who shouldn't be taken seriously. He made these remarks during an exhibition event in Delhi. Puri also addressed concerns about rising fuel prices due to Iran-Israel tensions, assuring that India has sufficient energy reserves. He highlighted advancements in India's green energy sector, including bio-fuel blending and initiatives in green hydrogen technology. Global markets remain cautious amid regional tensions impacting oil prices.

Gaining Ground: These start-ups may become unicorns in five years

Business Today

Business Today · 1y ago

Gaining Ground: These start-ups may become unicorns in five years

ASK Private Wealth Hurun India Future Unicorn Index 2024 predicts that 46 start-ups founded after 2000 are likely to become unicorns, collectively securing $9.7 billion in funding so far. The fintech sector leads with 8 gazelle companies followed by SaaS with 6. The study also revealed that the number of cheetahs, start-ups with the potential to become unicorns in the next five years, has almost doubled to 106, securing $12.4 billion in funding. Only three companies successfully transitioned into unicorns from last year's index, while 10 cheetahs were promoted to gazelles.

IVCA Conclave 2024: Start-ups need to succeed in areas where they have struggled to add value, says DPIIT Secy

Business Today

Business Today · 1y ago

IVCA Conclave 2024: Start-ups need to succeed in areas where they have struggled to add value, says DPIIT Secy

The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Rajesh Kumar Singh, expressed the government's interest in promoting start-ups in sectors such as tech-enabled agriculture, energy transition, and climate tech. Singh encouraged start-ups to use avenues other than foreign venture capital for funding, such as offshore financing frameworks. He mentioned the government's measures to support the start-up ecosystem, including funding schemes and creating an enabling environment for intellectual property rights and government procurement. Singh also highlighted the government's investments in physical and digital infrastructure, including the GST network and digital platforms for logistics. He noted the growing presence of women on start-up boards.

FPIs inject Rs 7,900 Cr in equities in the first week of Jul; investment surpasses Rs 1 lakh Cr in 2024

YourStory

YourStory · 1y ago

FPIs inject Rs 7,900 Cr in equities in the first week of Jul; investment surpasses Rs 1 lakh Cr in 2024

Foreign investors have injected over Rs 7,900 crore into Indian equities in the first week of July, adding to the Rs 1.16 lakh crore invested this year so far, according to data from depositories. The inflows were driven by a positive economic and earnings growth outlook. The sustainability of foreign portfolio investment (FPI) flows will likely depend on the upcoming Union Budget and Q1 FY25 earnings. External factors like rising US bond yields and low valuations in other emerging markets have previously prompted FPIs to sell in India.

DPIIT Reveals Plans For Separate Policy For Deep Tech Start-ups

Inshorts · 1y ago

DPIIT Reveals Plans For Separate Policy For Deep Tech Start-ups

DPIIT plans to introduce a separate policy and funding mechanism for deep tech start-ups in India. DPIIT Secretary RK Singh cited the need for a distinct framework to cater to the intensive R&D and innovation requirements of deep tech firms. The proposal includes establishing separate funding avenues for deep tech start-ups, which often require longer gestation periods and more support.

MBA grad grows veggies without soil, targets ₹1 cr revenue in FY25

Inshorts · 1y ago

MBA grad grows veggies without soil, targets ₹1 cr revenue in FY25

Pritpal Singh, an MBA grad from Chandigarh, left his corporate job in 2021 to start Farmcult, a soil-less farming startup. Farmcult offers setup and support, management, and training sessions. Their educational outreach includes workshops on hydroponic farming. Transitioning from exotic flowers to hydroponics, Singh's profits soared to ₹30-35 lakh annually. Farmcult aims for a ₹1 crore turnover.

Biotech startups surged from 50 to 11,000 in one decade: Jitendra Singh - The Economic Times

Economic Times

Economic Times · 1m ago

Biotech startups surged from 50 to 11,000 in one decade: Jitendra Singh - The Economic Times

India's Biotechnology Mission aims for a $300 billion bioeconomy by 2030, promoting public engagement and understanding. Minister Jitendra Singh highlighted the ecosystem's growth from 50 to 11,000 start-ups in a decade, facilitated by supportive policies. He emphasized sustainable bio-manufacturing and the broader role of bioproducts in livelihoods and green jobs. Singh also addressed the need to recognize India's traditional resources, advocating for their value and contribution to the bioeconomy.

Adani, others invest ₹366 cr in Sagility before its ₹2,107-cr IPO

Inshorts · 9m ago

Adani, others invest ₹366 cr in Sagility before its ₹2,107-cr IPO

Sagility India has raised ₹366 crore from nine investors including Gautam Adani family-owned Adani Properties, 360 ONE and Avendus Future Leaders Fund II. The investors bought 12.2 crore shares on October 30 and October 31. This comes ahead of its ₹2,107-crore IPO which opens for subscription on November 5 at a price band of ₹28-30 per share.

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