Bollywood Meets Wellness: Ranveer Singh Becomes Co-Owner of Bold Care
The sexual wellness space in India has seen several developments, including new players entering the market and acquisitions expanding existing companies’ portfolios. The market is projected to grow significantly, with an estimated size of $2.09 billion by 2030.
Nearly 58,000 Artisans Embrace Opportunities Under PM Vishwakarma Scheme
This central sector scheme, launched by the Ministry of Micro, Small, and Medium Enterprises (MSME), aims to provide comprehensive support to artisans and craftspeople, enhancing their skills, offering financial assistance, and integrating them into modern markets.
Startup India’s Triumph: Empowering 1.16 Lakh Ventures in 8 Years
The Startup India initiative, launched in 2016, has marked a significant achievement in the Indian entrepreneurial landscape by recognizing nearly 1.16 lakh startups as of October 2023.
Indian Startup BatX Energies Secures $5M for Sustainable Battery Recycling
The company boasts an impressive 99.95% purity in extracting lithium, nickel, and cobalt through this innovative hydro-electro process, aligning with global sustainability goals and supporting India’s aim for Net-Zero emissions by 2070.
Fasal’s Rs 100 Crore Raise: A New Era for Sustainable Farming
Fasal, an innovative player in the agritech sector, has recently achieved a significant milestone by raising Rs 100 crore in a Series A funding round.
Empowering State Development: Centre’s Additional Rs 72,961 Crore Allocation
The distribution of this additional installment varies significantly among states, with the highest amount of Rs 13,088.51 crore being allocated to Uttar Pradesh. This is followed by Bihar receiving Rs 7,338.44 crore and West Bengal getting Rs 5,488.88 crore
Charting India’s Growth: The Strategic Rs 109 Trillion Infrastructure Investment
The NIP covers both brownfield and greenfield infrastructure projects with individual costs above Rs 100 crore. These projects are spread across both economic and social infrastructure segments.
Indian Government’s Bold Move: Monthly Review of Top 20 Insolvency Cases by State-Run Banks
Over Rs 7 lakh crore worth of bad debt was written off between 2019 and 2023. However, the recovery rate has been low. In 2023, out of Rs 6.5 lakh crore worth of stuck assets, only about 15% (Rs 94,000 crore) was recovered, with a significant portion coming through the IBC route.
Parliament Approves Crucial GST Tribunal Amendments, Enhancing Appellate System
The recent passage of the Central Goods and Services Tax (Second Amendment) Bill, 2023, by the Indian Parliament marks a significant step in strengthening the GST Appellate Tribunals (GSTAT). The bill was passed by the Rajya Sabha after being cleared by the Lok Sabha.
Empowering Women Entrepreneurs: MSME Ministry Makes ZED Scheme Free
Under the ZED Scheme, MSMEs can avail of handholding and consultancy support up to Rs. 5 lakh per MSME. This support is crucial for assisting them in moving towards Zero Defect Zero Effect solutions.