issue no 33 do your task with yo r mask
TRANSCRIPT
Message from Faculty Mentor:
"Dear Reader,
The thirty third issue of UDYOGPATRA has been
released. The members of UDDYOMI, E- Cell of
Calcutta Business School are thankful to all the
readers for their valued support.
On behalf of UDDYOMI, E-Cell of Calcutta
Business School, I thank all the members in
preparing this newsletter.
Looking forward to more participation in making
the UDYOGPATRA a great success. Hope you will
enjoy reading.”
Dr. Pinaki Ranjan
Associate Professor –
Faculty in-Charge, E-Cell
Bhattacharyya,
Marketing and
Premier Energies to set up Rs 483 crore
solar cell facility in Hyderabad
SoftBank SPAC in talks about
$2bn merger with location
start-up Mapbox
Premier Energies, a city-based leading Solar PV Cells and
Module manufacturing company, is setting up a new state-
of-the-art facility at E -City here at an investment of Rs
483 crore. The Greenfield Project, spread across 25
acres, is slated to triple Premier Energies current
capacity. The plant will produce 1.5 GW of solar cells and
modules against the current capacity of 500 MW, a
company press release said.
It is expected to be commissioned in the next two
months. Besides working towards reaching their stated
objective of cleaner air and a greener world, the new
venture will position the company amongst the top five
solar manufacturing companies in India.
A 'blank cheque' company which is set up by the
Japanese technology giant SoftBank is in talks to
merge with a start-up, which is in rivalry with the likes
of Google Maps in the clause of innovatory location
data services.
A US banking source said on Friday that the
discussions between MapBox and SVF Investment
Corp. 3 were at an advanced stage, but cautioned that
a definitive transaction could still fall apart.
Cantor Fitzgerald, Citi, Deutsche Bank, JP Morgan and
UBS, some of the big investment banks are also
understood to be engaged in the deal.
The fact, although Mapbox would be far from
surprising in choosing a SPAC (Special Purpose
Acquisition Company) to project its tenure as a
publicly traded company, the transaction would be
unusual in that SoftBank is already a shareholder in
the company through its vast Vision Fund.
ISSUE No 33 Do YoUr Task with YoUr Mask
ISSUE No 33 Do YoUR Task with YoUr Mask
.”
Zomato To Invest $100 Mn In Grofers To
Back Grocery Delivery Ambitions
Zomato’s investment is likely part of a larger financing
round and may value the Gurugram-based online
grocery firm at around $1 Bn. Grofers has reportedly
shelved its US IPO plans and will remain a private
company. While Zomato has no plans of directly
entering the online grocery space, Swiggy continues to
ramp up its online grocery business Instamart. Food
delivery giant Zomato may invest $100 Mn in online
grocery start up Grofers after talks of a possible
merger between the two fell through last year.
IPO-bound Zomato’s investment is likely part of a
larger financing round and may value the Gurugram-
based online grocery firm at around $1 Bn, sources
told ET, which first reported the development.
Mentors participating in the programme include
IndiaMart chief executive Dinesh Agarwal, Zerodha
co-founder Nikhil Kamath, BankBazaar's Adhil
Shetty
The Singapore Indian Chamber of Commerce and
Industry (SICCI) and Start-up Incubation and
Innovation Centre (SIIC) of IIT-Kanpur have come
together to provide a gateway of opportunities to
tech-based startups to usher a circular economy
and an entrepreneurial ecosystem. The SICCI-SIIC
conducted the first in a series of cross-border
collaborations on Friday under a memorandum of
understanding (MoU) signed on March 10, 2021.
The purpose of the launchpad is to encourage
startups to take advantage of the Singapore-India
trade and technology corridor. The two institutions
are collaborating to identify young, indigenous
talent to provide them with an array of incubation
services. This one-of-its-kind association will
provide startups in Singapore and India a
competitive edge in the global market.
With an array of services, both SICCI and SIIC
will promote homegrown and international initiatives
operating in the technology domain with mentorship
and access to capital. To galvanise their efforts
towards promoting indigenous innovation, SICCI-
SIIC Launchpad Competition - SICCI-SIIC
INNOVATION LAUNCHPAD - held a start-up pitch
competition on a virtual platform.
IAMAI debuts a mentoring programme
for Indian start-ups
The Internet and Mobile Association of India (IAMAI)
has launched an initiative for mentoring Indian start-
ups bringing a bunch of local entrepreneurs as mentors.
Founders such as Dinesh Agarwal (CEO, IndiaMart NSE
-2.99 %), Nikhil Kamath (Co-founder and CIO,
Zerodha), Adhil Shetty (CEO, BankBazaar), Rajesh
Magow (Group CEO of MakeMyTrip) are among the
mentors of the "Circle Program."
Mentors participating in the programme include
India-Singapore tie-up looking to
promote tech startups
Mumbai Police reminds people to stay home
with Tom and Jerry meme Since the onset of the Covid-19 pandemic last year, the
Mumbai Police's social media team has become even more
dynamic on the internet. They have been sharing
innovative posts to remind people about the importance
of wearing a face mask and staying home to control the
spread of the deadly virus.
ISSUE No 33 Do YoUr Task with YoUr Mask
Winners of Quiz: Manash Gope (batch 2020-22)
Bikash Halder (batch 2020-22)