Start-Ups

The COVID-19 pandemic will have a far-reaching and long-lasting impact on the global economy. Even though lockdown restricts have now been eased in several countries, financial markets are likely to take a long time to recover from the covid-19-triggered crisis. As reported by the International Monetary Fund, this is the worst economic downturn since the Great Depression, projecting a humongous loss worth $9 trillion in global gross domestic product over the next 2-years. These are challenging times for businesses, even more so for startups that operate with razor-thin margins. Besides…

The world is in a state of unprecedented tumult. Businesses and governments around the globe have been shaken to their cores by the Covid-19. This crisis has forced companies to ask their employees to work from home for their safety and improved productivity. 1. Flexibility for the way people work Around the world, the majority of large corporations still operate on inflexible, conservative management structures that care more about how long people are in the office than how productive they can be. The fear of being wrong or arriving late,…

Ninjacart, a Bengaluru-based fresh produce supply chain start-up, has provisioned essential fruits and vegetables to orphanages, old-age homes and slum areas, at subsidized rates, in the wake of the Coronavirus outbreak-enforced lockdown in India. In order to service the slum areas and orphanages, the company said it is willing to partner with non-governmental organizations and similar institutions across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, Pune and Ahmedabad. “Ninjacart has always strived towards changing the way fruits and vegetables reach our plates, along with enhancing the income of farmers, convenience of retailers…

The ministry of corporate affairs (MCA), on Friday (June 5), announced that the  Companies (Share Capital and Debenture) Amendment Rules of 2020, under which the government has Extended the employee stock ownership plans (ESOPs), changed definition of startups and also made some regulatory changes in share capital requirement. Under the latest amendment the ministry of corporate affairs has also notified that startups can now offer sweat equity of up to 15% of their paid-up share capital. Besides this, the ministry has decided to change the definition of startups to be…

When oil prices turned absurdly negative in April, it was panic stations at oil and gas supermajors. Europe debated an accelerated shift to renewable energy. Oil rigs in the US turned off their taps as demand plummeted with the global economy’s pause to tackle coronavirus. But the very week when oil prices tanked, a subsea oil company in Houston signed a major deal to deploy an industrial Artificial Intelligence (AI) product from Flutura, a startup in Bengaluru. It turns out for improving a myriad operational efficiencies to reduce costs with…

According to a report by Israeli cybersecurity platform vpnMentor, the National Payments Corporation of India (NPCI) developed payments platform BHIM has suffered a data breach which has compromised personal data of more than 7.26 Mn users, including Aadhaar card details, caste certificates, residence proof, bank records, professional records, certificates, PAN card details, along with financial proofs such as screenshots taken within financial and banking apps. However, NPCI told Inc42 that no data has been compromised at BHIM app and requested everyone to not fall prey to such speculations. Further, it said that NPCI follows a high…