Author: Liton Paul

The Tamil Nadu Startup and Innovation Mission (Tansim) is planning to support the creation of at least 10,000 startups in the state by 2026, Tansim Chief Executive Officer Sivarajah Ramanathan said.   Tansim is the nodal agency for startups in Tamil Nadu and is working on a new startup policy to boost the new investor ecosystem in the state.  “We formed Tansim a year ago. Our vision is to create 10,000 new startups in the next four years. This is our mid-term vision,” said Ramanathan.  The agency will be focussing on the existing 80 incubation centers in Tamil Nadu and taking…

Two smugglers were arrested at a checkpoint on National Highway-37 in the Morigaon district of Assam and gold bars weighing two kilograms were seized from their possession, Assam Police said on Wednesday. The men were nabbed on Tuesday when acting on a tip-off, a police team from Jagiroad police station in Morigaon set up a Naka checking on the National Highway-37. The persons apprehended have been identified as Safikul Islam and Mafidul Islam. “We received information about two persons coming from Sonitpur to sell gold,” said Hemanta Borgohain, the officer of Jagiroad police station. “Based on the tip, we had…

Crypto-for-everyone platform Kassio, which allows users to buy, sell, borrow, earn and utilize cryptos, has raised funds worth $1.6 million in its pre-seed round. Kassio has raised the investment from two major European investment funds, and Aalto Capital, which has led the round. Kassio will use the funds to launch its operation in the Indian and European markets, further strengthening its product development process and adding more talent to the senior management across its legal, compliance, institutional relationships, and design functions. Founded in October 2020 by Sachin Singh, Anuj Yadav, and Bharat Vivek, Kassio offers options where a user can…

Union Minister and senior BJP leader Nitin Gadkari, Shiv Sena leader Sanjay Raut and Maharashtra MLAs of many parties attended a dinner hosted by Nationalist Congress Party (NCP) chief Sharad Pawar at his 6, Janpath residence on Tuesday in the national capital. Earlier in the day, Maharashtra MLAs attended a tea party at Shiv Sena MP Sanjay Raut’s house at 6 PM. Sharad Pawar invited Maharashtra’s MLAs for a dinner on Tuesday, as the leaders from all the parties were in the capital for a training program in Parliament. The training program is for all the first-time MLAs as per…

Ankur Capital led the seed funding round for Bengaluru-based agritech startup Agrizy on Monday. The round also saw participation from Omnivore and angels such as Rajesh Yabaji (CEO, BlackBuck), Zetwerk’s co-founders Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary, among others. The startup plans to use the fresh capital to build strong business and engineering teams, develop a suite of digital services for the processed agri marketplace, and ramp up customer traction in targeted value chains across various locations in India. Agrizy, founded in September 2021 by Vicky Dodani and Saket Chirania, is developing a tech-first platform to bridge…

Fintech Startup Tortoise Raises $2.3M in Seed Funding Round

The Information and Broadcasting (I&B) ministry on Tuesday blocked 22 YouTube channels for ‘spreading misinformation related to India’s national security, foreign relations, and public order’. Of the total 22 YouTube channels, 4 were operating from Pakistan. Besides, the blocked accounts include three Twitter accounts, one Facebook account, and one news website. Earlier in January, the Ministry blocked 35 YouTube-based news channels and two websites. They were spreading anti-India propaganda in a coordinated manner over digital media, I&B secretary Apurva Chandra said. The blocking orders were issued under emergency provisions of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules,…

The Competition Commission of India (CCI) has ordered probe into alleged anti-competitive trade practices by food-ordering platforms Zomato and Swiggy. The antitrust watchdog’s probe order on Monday comes against the backdrop of complaints made by the National Restaurant Association of India (NRAI) against the food tech giants. The Competition Commission of India (CCI)is the stautory body in India. It consists of six members led by a Chairperson. They are chosen by the Central government. Each member including the chairperson has knowledge and experience of 15 years in various fields like Business, Economics, Trade etc., The 32-page order said, “Commission is…

The Karnataka Government has revised the rate of Dearness Allowance (DA) payable to state government employees in the 2018 revised pay scales in accordance with the recommendations of the 7th Pay Commission. “A Pay Commission is set up by the Government of India and it recommends the changes in the salary structure of central government employees. Millions of government employees are waited for the 7th Pay commission to be implemented as it will increase their allowances, salary, and other benefits. The Current 7th Pay Commission was to be implemented in January 2016. However, it had to be delayed.” Source -…

The IndiGo Nagpur-Lucknow flight returned to the Nagpur airport, from where it had taken off, following a suspected technical snag, said the airline on Monday. The airline further informed us that all the passengers were safe after the return of the flight to Nagpur airport. “IndiGo’s Nagpur-Lucknow flight returned to origin after take-off, following a suspected momentary technical snag today. The pilots followed the standard operating procedures and returned safely to Nagpur airport. All passengers are safe, “said the airline.” Following the incident, the Directorate General of Civil Aviation ordered an inquiry into the emergency landing of the IndiGo flight…