Startups Current Affairs, GK & News

HDFC Bank SmartUp Grants to 21 Social Sector Start Ups

The HDFC Bank recently announced the winners of the SmartUp Grants, 2021. This is the fourth edition of the SmartUp Grants of HDFC. Key Highlights Around twenty-one startups that are working in the social sector have been selected to receive the grants. The startups were selected through rigorous screening of three hundred applications received from ..

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Defence Minister Raj Nath Singh approves new DRDO Procurement Manual 2020

On October 20, 2020, the Defence Minister Rajnath Singh approved a new Defence Research Development Organization Procurement Manual, 2020. The main objective of release of the manual is to encourage MSME (Micro Small and Medium Enterprises) in Research and Development. Highlights The manual will simplify processes of procurement and will therefore, facilitate indigenous defence industry. ..

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PARAM Sidhi-AI: India’s fastest AI Super Computer

On October 5, 2020, the Centre for Development of Advanced Computing (C-DAC) commissioned the largest HPC-AI supercomputer. HPC-AI is High Performance Computing and Artificial Intelligence. Highlights PARAM-Sidhi has put India among top countries in global AI supercomputing research and innovation. The supercomputer will accelerate cyber security, education, health care, education, space, agriculture and automotive. It ..

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Start-ups come under Priority sector as per new lending norms

The Reserve Bank of India has brought the startups in the country under the purview of priority sector guidelines (PSL), a move that will make it easier for startups to raise funding from the banking sector. As of now, the sectors are that are under PSL are agriculture, MSMEs, Education, Housing, Social Infrastructure among others. ..

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BSE and IIT Alumni sign pact: To encourage startups listing

On July 13, 2020, the Bombay Stock Exchange (BSE) and IIT Alumni Council signed a pact to encourage listing of startups. The pact will help to develop high investor depth platform for startup companies. The platform is to be developed using Artificial Intelligence and other technologies. Highlights The newly formed pact will provide end-to-end ecosystem ..

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