Articles

Solar Start-up Renkube Bags INR 2.4 Cr in Seed Funding Round

Opportunity India Desk Aug 17, 2022 - 4 min read

Renewable energy-focused deep tech startup - Renkube - has announced that it has secured INR 2.4 croresin a seed round led by CIIE.CO. JITO Angel Network and K4 Forum Mumbai Network also participated in this round. Halliburton Labs, a wholly owned subsidiary of Halliburton Company is participating via Renkube’s selection to its clean energy accelerator. ...

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SBI Launches First Branch For Start-ups In Bengaluru

Opportunity India Desk Aug 17, 2022 - 3 min read

In order to prevent small start-ups from selling their equity for funds, the State Bank of India has launched a branch dedicated to these businesses in Bengaluru, also known as start-up capital of India. This Branch will cater to the entire gamut of the Start-ups’ needs, at every stage of their evolution. According to the ...

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Resolution Resolution Plans For Insolvent Companies Should Lead To Sustained Value Creation

Opportunity India Desk Aug 17, 2022 - 3 min read

The Insolvency and Bankruptcy Board of India (IBBI) has said that resolution plans for insolvent companies should lead to sustained value creation over the years and must involve strategies that go much beyond just “restructuring of liabilities”. The regulator also asked the powerful committee of creditors (CoC) to show great commercial wisdom while endorsing such ...

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Web 3.0 Is Solution To Data Privacy, Benefiting Education Sector: AcknoLedger Founder

Opportunity India Desk Aug 17, 2022 - 3 min read

Web 3.0 is the emerging phase or the latest phase of the evolution of the internet. It is based on the concept of creating a totally decentralised ecosystem. This new technological dimension believes in leveraging the power of Artificial Intelligence, machine learning, and the latest technologies like blockchain to solve the problems of the present-day ...

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Ola to Launch First Electric Car with Range of 500 Km in 2024

Opportunity India Desk Aug 16, 2022 - 3 min read

Electric Vehicle making subsidiary of Olacabs, Ola electric, has announced to manufacture and launch an indigenously manufactured Electric Car in 2024. The company has organised a massive launch event, on Monday, where CEO of Ola Electric Bhavish Aggarwal announced the same. The car will have a range of up to 500 km (310 miles), and ...

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EMIs Becomes Expensive As SBI Raises MCLR By 20 Per cent

Opportunity India Desk Aug 16, 2022 - 2 min read

The State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 20 basis points (bps) across tenures, a move that will make EMIs expensive. MCLR for one year, which is considered important as long-term loans like home loans are linked to this rate, is now at 7.70 per ...

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Trials For Drone-Based Healthcare Network Launched In Arunachal Pradesh

Opportunity India Desk Aug 16, 2022 - 3 min read

With an aim to provided superior healthcare services to tribal and rural communities in Seppa, a town in East Kameng District of Arunachal Pradesh, an experimental trial to utilise drones was launched. The USAID-supported SAMRIDH initiative will assist Redwing Labs to provide ‘made in India’ hybrid Vertical Take-off and Landing (VTOL) drones and run end-to-end ...

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Excitel To Provide Seamless Internet Access In Unstructured Urban India

Opportunity India Desk Aug 16, 2022 - 6 min read

India is the world’s second-largest telecommunications market. The total subscriber base, wireless subscriptions as well as wired broadband subscriptions have grown consistently. Tele-density stood at 85.91 per cent, as of December 2021, total broadband subscriptions grew to 792.1 million until December 2021 and total subscriber base stood at 1.18 billion in December 2021. Speaking of ...

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BPCL to Invest INR 1.4 Lakh Cr in Petrochemical, Gas and Clean Energy

Opportunity India Desk Aug 16, 2022 - 3 min read

India’s second largest downstream oil company, Bharat Petroleum Corporation Ltd (BPCL), is planning to invest INR 1.4 lakh Cr in petrochemicals, city gas and clean energy in the upcoming five years. The state backed company, in its annual report said, “We plans to diversify and expand in adjacent and alternative businesses to create additional revenue ...

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Big Bull of Dalal Street Rakesh Jhunjhunwala passes away at 62

Opportunity India Desk Aug 14, 2022 - 2 min read

Big Bull of the Dalal Street, one of the most prominent investor in Indian stock market and Founder of the budget airline Akasa Air Rakesh Jhunjhunwala passed away on Sunday. One of the richest among riches in India, Jhunjhunwala was 62. He was declared brought dead to the Breach Candy Hospital in Mumbai around 6:45 ...

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