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India Approves 3 New Semiconductor Units with ₹125,600Cr Investment

Feb 29: In a significant move towards strengthening India's semiconductor and display manufacturing capabilities, the Union Cabinet, led by Prime Minister Shri Narendra Modi, has given the green light for the establishment of three semiconductor units under the 'Development...

India’s Venture Debt Hits $1.2 Billion; Cleantech Blooms – Report

Feb 25: Venture debt investments within the Indian startup ecosystem, reaching an impressive $1.2 billion in 2023. In a report by Stride Ventures titled "India Venture Debt Report 2024," highlighted the sustained momentum in this financing avenue for the...

100% FDI in Space Sector: India Approves Sweeping Policy Shift

Feb 22: In a historic move aimed at boosting India's space sector, the Indian Union Cabinet has approved sweeping amendments to the Foreign Direct Investment (FDI) policy. Under the revised policy, the doors swing wide open for foreign investors,...

ASIP, APACT Ink ₹890Cr JV for Semiconductor Assembly & Testing Project in Hyderabad

Feb 22: Hyderabad based ASIP (Advanced System in Package Technologies) has joined forces with Korean firm APACT Limited, and announced its plans for a state-of-the-art semiconductor assembly and testing facility in Hyderabad. The project, with an investment of Rs....

Skyroot Launches Kalpana Fellowship for Women: Inspired by Astronaut Kalpana Chawla

Feb 20: Skyroot Aerospace, has launched "Kalpana Fellowship". India's leading space technology company, today unveiled Kalpana Fellowship, marking a significant milestone as India's first-of-its-kind fellowship program dedicated exclusively to women in the space sector.The Kalpana Fellowship is designed to...

Resurgence in Crypto Funding: Q4 2023 Breaks Downtrend, Hits $1.9 Billion

18th Feb: Crypto funding is on a revival, and it is surging upwards. Crypto ventures experienced a resurgence in funding during Q4 2023, reaching a staggering $1.9 billion. This marks a significant departure from the declining trend observed since...

Seafood to Astrology: $147M Flows into Indian Startups This Week

Feb 17: Venture capital (VC) funding into Indian startups has sustained a consistent trajectory, with a weekly influx of approximately $100 million, a pattern indicative of the absence of any significant high-value transactions.The third week of February witnessed...

New Mechanism for Electric Polarization; Novel Mineral MnBi₂S₄ Discovered

16th Feb: Researchers at Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) have identified a unique mechanism for electric polarization via magnetic ordering in the novel mineral MnBi₂S₄.This discovery, a significant breakthrough for the field of magnetoelectric materials,...

India’s Startup Ecosystem Stumbles: Funding in States Plunges by Over 60%

Feb 16: India's Startup Ecosystem in 2023 witnessed a harsh reality for India's booming startup scene, with funding across major states like Maharashtra, Delhi NCR, Karnataka, Tamil Nadu, and Gujarat experiencing a drastic decline.The decline presents a significant challenge...

Paytm’s Bitsila Acquisition: Salvation or Risk?

In a strategic move amidst regulatory uncertainties, Paytm is reportedly finalizing a deal to acquire Bitsila, an interoperable e-commerce startup, sources reveal. This acquisition aims to bolster Paytm's position within the Open Network for Digital Commerce (ONDC) ecosystem, offering...

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