HOMEGROWN
Why the Digital Competition Bill has started a polarising debate in the tech industry
India’s Digital Competition Bill has turned previous foes in the tech industry into unlikely allies and sparked a polarising debate on market practices. The Committee on Digital Competition Law (CDCL) on February 27, submitted its report to the ministry of corporate affairs (MCA) after working on it for more than a year.
Saudi Aramco's Amin Nasser: homegrown engineer who reached the top
Aramco CEO Amin Nasser's leadership pivotal for Saudi's stability. Managed response to 2019 attacks, restoring operations swiftly. Supports economic diversification and revenue flow for Saudi stability.
Home-grown feasts: How Goans once raised pigs & prepared them for festivals
Today, pigs are also disappearing from public sight. A few are still home-raised, but the government is promoting pig farms where rearing happens in intensive conditions, with far more cruelty to the animals. Instead of recycling wastes, they are given specialised feeds, whose production has greater environmental costs. Local breeds like Agonda pigs are being replaced by the Large White (Yorkshire) and Duroc breeds suited for factory farming.
Homebound startups restructure; offline push by D2C brands
Happy Wednesday! Homegrown startups are stepping on the pedal for their move back home. This and more in today's ETtech Morning Dispatch.
Of princess, pastel flowers and homegrown slow luxury brand, 'Akutee'
Akutee, a homegrown "slow luxury" brand, has unveiled its collection of hand-painted embellishments, mostly in pastel shades, on May 16 at the Four Seasons in Bengaluru. The brand, which focuses on hand-painted embellishments, was inspired by the gardens of the royal Ghatge family of Kolhapur. The brand's name, 'Akutee', is a nod to the Ghatge royal women's lineage and an ode to all the women in her family.
India's homegrown GenAI platform Hanooman now live in 98 languages
Hanooman, India's GenAI platform by SML India and 3AI Holding, in 98 languages. Available in India on Android, soon on IOS. Includes support for 12 Indian languages and English. Partnerships with HP, NASSCOM, and Yotta for AI initiatives.
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Indigenous robotic solutions get an edge as enterprises look for customised AI-based automation
Addverb expands into healthcare segment with 'Heal' robots and exoskeletons, focusing on USFDA Class 2 certifications. Sheshadri highlights the competitiveness of Indian developers in providing advanced robotic solutions.
Ashish Kacholia picks up 17% stake in largest homegrown burger chain Jumboking
Ace investor Ashish Kacholia has picked up a 17.2% stake in homegrown burger chain Jumboking for an undisclosed amount, becoming its second-biggest shareholder.
Software industry calls for more UK Government support
More than 120 industry leaders have called for government intervention to improve conditions for European software companies. Europe has long struggled to scale up homegrown tech companies as successfully as the US, with many startups forced to seek investment abroad as they scale up.
Maruti Suzuki acquires stake in homegrown AI startup Amlgo Labs
Maruti Suzuki India on Saturday announced it has invested in Amlgo Labs Private Limited, an Artificial Intelligence and Machine Learning (AI-ML)-led startup.
Hunger games: Investors at the table with appetite for food startups
Pizza Wings, Boba Bhai in funding talks as HNIs, angels and other backers show interest
Financial reporting community needs to learn from India’s start-up success story, says NFRA chairman
“India ranks third globally in terms of the number of start-ups that are becoming unicorns. We all should collectively think if we can do the same thing in the auditing community,” Pandey said in his closing remarks. Pandey noted that NFRA would coordinate with the Ministry of Corporate Affairs to help create enabling frameworks for establishing home-grown audit firms like the Big Four.
Homegrown Tiger Logistics, Bangladesh-based Sikder Group ink initial pact to increase trade
The development comes in continuation of the strengthening of connectivity between the two nations, as Bangladesh granted India permanent access to Chattogram and Mongla Port in April 2023.
CMAI expects India’s y-o-y apparel exports to UAE to increase by 10-15%
As a part of its efforts to take Indian brands to the international markets, CMAI had recently organised its first Brands of India exhibition in the UAE. According to CMAI, India exports about 1.1 billion USD of apparel to the UAE per year, which is expected to grow by about 10-15% per annum. The UAE-based retail chain like Lulu Group expects that the apparel segment would benefit the most from the CEPA agreement.
Hyderabad gets own homegrown ride-hailing app Yaary on ONDC
Yaary app on the ONDC network works like Bengaluru’s Namma Yatri and will not charge commission from drivers
India's love of homegrown single malts shakes up Pernod, Diageo
Sugarcane and mustard fields, not peat bogs, ring the distillery, where the two-year-old Indian brand's owner Piccadily is ramping up production and building a three-hole golf course to lure connoisseurs and tipplers in the whisky-loving nation.
Most internet browsers in India made for international markets first: homegrown browser Veera
As a challenger browser for India, Veera is created by Arjun Ghose, previously an investor with VC firm Falcon Edge, Alpha Wave and McKinsey, Rahul Pagdipati, chairman of the board Zebpay and board member at Brave browser, Aditya Julka, serial entrepreneur founder of Paddle8, and Kanu Gupta, founding leadership of Goldman Sachs in India and serial investor
BSNL to award Rs 1,000-crore contract to Nokia, homegrown vendors fume
State-run BSNL is likely to award a Rs 1,000-crore order to Nokia for optical transport network (OTN) equipment and deployment via a local system integrator. Financial bids have been opened, and the advance purchase order is expected to be issued to the successful bidder soon. The contract, part of BSNL's Phase-4 project, involves supplying, installing, and commissioning OTN on a pan-India scale.
Latest Diwali Dhamaka: Top homegrown wearable brands seeing stellar growth this festive season
Leader in the audio category, boAt has recorded high double-digit growth during the August to October period. Co-founder Sameer Mehta said the Truly Wireless Segment has grown 30% year-on-year during the period while home audio sales surged 60%.
Two senior ex-BJP leaders, homegrown brigade in Congress's second Madhya Pradesh list
The Congress party has released its second list of candidates for the Madhya Pradesh assembly election. The selection process was influenced by social and regional factors, and some seats were given to recent defectors from the BJP. Former chief minister Kailash Joshi's son, Deepak Joshi, and another recent BJP entrant, Bharvar Singh Shekhawat, were among those given tickets. However, Virendra Raghuvanshi, who had crossed over from the BJP, was denied a ticket despite protests.
Homegrown ReNew finds place in '15 Climate Tech Companies to Watch' list
Indian green energy company ReNew has been included in MIT Technology Review's inaugural list of '15 Climate Tech Companies to Watch'. The list highlights businesses and startups that have the potential to substantially reduce greenhouse-gas emissions and climate threats. The selection process involved consultation with industry experts, investors, and academic sources, as well as assessing the scientific credibility of claims.
Exclusive: Top-deck changes at PayU; SMEs tap homegrown apps for advertising
We have a Friday AM scoop today on big changes underway at Prosus-owned online payments major PayU. This and more in today’s ETtech Morning Dispatch.
Small firms eye homegrown apps to build strong footprint beyond metros
Small businesses in India, such as wafer, hosiery, and footwear companies, are turning to homegrown apps to expand their reach and boost sales. These apps provide access to a hyper-local audience and help businesses establish a strong presence beyond metro cities. Companies like VerSe Innovation, ShareChat, and Hipi are attracting local and regional businesses as advertisers, offering cost-effective advertising solutions. The growth of short-form video platforms is driving this trend, allowing advertisers to reach potential customers in tier II cities.
China's first homegrown passenger jet takes off on maiden commercial flight
China Eastern Airlines flight MU9191 rose into the skies above Shanghai Hongqiao Airport just after 10:30 am (0230 GMT), footage from state broadcaster CCTV showed.
As net tightens, Iranians pushed to take up homegrown apps
Banned from using popular Western apps, Iranians have been left with little choice but to take up state-backed alternatives, as the authorities tighten internet restrictions for security reasons following months of protests.
Three public policy executives at Samsung India quit amid regulatory headaches
Public policy teams have increasingly critical roles in companies' efforts to balance regulatory issues as the government has boosted domestic electronics manufacturing while backing tougher regulations on tech firms.
VAHDAM India forays into spices segment
VAHDAM India, a global wellness brand, has announced the launch of VAHDAM Spices, a new product category for the company with the mission to innovate the spices industry. VAHDAM Spices are aimed at creating fresher products for an increasingly health-conscious world, and are sourced from top farms in India. All of the spices are single-origin and tested for purity in accredited labs in Europe.
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