In a strategic push to harness the power of AI for inclusive communication, the Ministry of Information and Broadcasting, through its WaveX Startup Accelerator Platform, has launched the “Kalaa Setu – Real-Time Language Tech for Bharat” Challenge. The Ministry of Information & Broadcasting said in a release that this nationwide initiative invites India’s leading AI … Read more
Image used for representation The Union Information and Broadcasting Ministry has launched the WAVEX Startup Challenge 2025, inviting startups across the country to participate in a national hackathon to develop an AI-powered multilingual translation solution to be named ‘BhashaSetu’. “The challenge aims to encourage the development of innovative artificial intelligence tools capable of real-time translation, … Read more
New Delhi: Pristyn Care introduces the Pristyn Care Innovation Lab (PCIL), an incubator designed to drive advancements in AI within the healthcare sector. PCIL will provide early-stage AI startups with a unique platform to pilot and refine their solutions in real-world healthcare environments. From the 47 startups that have applied, a select few will be … Read more
The number of tech startups being founded in the U.K. has suffered its first “marked decline” since 2022, according to accounting firm RSM UK. There were only 12,318 new tech incorporations in the second quarter of 2024 compared with 13,802 in the first quarter — an 11% decline. The number of tech incorporations is seen … Read more
New Delhi: In the realm of wellness, artificial intelligence (AI) is revolutionising the way health start-ups in India approach fitness and nutrition. Apps like HealthifyMe, Fitelo, and Fitterfly have been leveraging AI for years to deliver personalised solutions and innovative services. AI-powered solutions HealthifyMe, for instance, harnesses AI to analyse user data from continuous glucose … Read more
India’s market capitalisation can grow from $4.8 trillion now to $50 trillion in the next 20 years, National Stock Exchange (NSE) CEO Ashish Chauhan has predicted. If India must reach a market cap of $50 trillion in next 20 years, it will come on the back of tech-driven startups that will lead wealth creation, National … Read more
Although Union Finance Minister Nirmala Sitharaman will be presenting the Interim Budget ahead of the scheduled Lok Sabha elections in May, startups and experts feel that the government should offer clarity on ESOP taxation to benefit start-up employees. ESOPs (Employee Stock Ownership Plans) are employee incentives that companies use to attract, reward, and retain talent. … Read more
Stressing on the paramount role of start-ups in India achieving its ambitious developmental aspirations, V. Anantha Nageswaran, Chief Economic Advisor to Government of India, said that tier-2 and tier-3 cities of the country, including Kerala’s capital, are emerging as start-up powerhouses leveraging the improvement in infrastructure and government’s supportive policies. He was delivering the leadership … Read more
Although the ‘funding winter’ has slowed down venture capital activities, Karnataka has emerged as the first State in India to provide grant-in-aid to startups without taking equity in return, according to Priyank Kharge, Minister for Information Technology and Biotechnology, Rural Development and Panchayat Raj. The State Government offered funding of around ₹200 crore to support 874 … Read more
The Central Board of Direct Taxes (CBDT) has clarified to the field formations that assessing officers will not pick up cases for scrutiny for startups registered with the Department for Promotion of Industry and Internal Trades (DPIIT) if the cases are related to the valuation of angel tax. This means startups registered by the DPIIT … Read more