Start Ups
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No IPL sponsorship, no free meals, salary cuts: What’s going on at Unacademy?
Fp Explainers •The move comes even as the firm is eyeing a potential IPO sometime in the next two years and in the backdrop of the start-up sector seeing more than 12,000 lose their jobs in 2022 with edtech firms at the forefront of slashing payroll
Defence Ministry earmarks 25% of domestic capital procurement budget for private industry to promote start-ups
•A Defence Ministry release said that it has also been decided that an amount of Rs 1,500 crore will be earmarked for procurement from start-ups from within the allocations for domestic capital procurement
Narendra Modi declares 16 Jan as National Start-Up Day, calls for innovating for India
•Innovation and technology-based solutions are being encouraged for finding solutions to challenges facing the country, Modi said
India leading the world in field of start-ups, says Prime Minister Narendra Modi
•Till the year 2015, there used to be nine to ten unicorns in the country, but this year, in 10 months, a unicorn was made in India every 10 days, the prime minster said in his monthly Mann Ki Baat radio broadcast
South Korea’s K-Startup Grand Challenge 2020 accepting applications till 25 June
Fp Staff •The Korean government’s K-Startup Grand Challenge supported by the Ministry of SMEs and Startups (MSS) and National IT Industry Promotion Agency (NIPA), is now accepting applications for the program till 25 June, 2020
Income Tax Department sends e-mails to 1.72 lakh assessees over outstanding tax dues
•The income tax department has sent e-mails to 1.72 lakh assessees, including start-ups, companies and individuals, who have outstanding tax demands as well as tax refunds asking them to provide as update on the payment
Udaan E-Summit 2020: Entrepreneurship fair to host start-up founders, stand-up by Kenny Sebastian
Fp Staff •The start-up entrepreneurship fair will be a part of the Day 3 festivities at the Udaan E-Summit during which representatives from multi-national companies such Google, Amazon, Microsoft, Alibaba will engage in conversation with students about what recruiters look for during job interviews.
Nirav Modi, decoded: Pavan C Lall details diamond mogul's rise and fall in his book, Flawed
Aarushi Agrawal •In an interview, Pavan C Lall talks to Firstpost about his new book Flawed, based on diamond mogul Nirav Modi's life, business and the scam that shook the country.
Budget 2019 serves all sectors of economy, builds upon India's growth story of last 5 yrs, writes ex-FM Arun Jaitley in blog
Arunjat •The Budget 2019 creates a political direction for an aspirational India. The economically weaker sections get the basic amenities of life and several sectors of interest to the middle-class have been incentivised.
Firstpost Editor's Picks: CPM's Muslim outreach, poll rhetoric on businesses, GoT's first episode; today's must-read stories
Fp Staff •The CPM inducted the Indian National League (INL) in the Left Democratic Front (LDF) headed by it as part of the new strategy. Party strategists believe that the induction of INL will trigger a realignment in the Muslim politics as it has been emerging as an alternative to the Indian Union Muslim League (IUML).