As compared to record highs of 2021, venture capital funding of startups in India fell 30 per cent in 2022. The startups picked $23.95 billion as of December 28 this year. In 2021, this was $35.46 billion, a report in the Economic Times (ET) said, citing data from Venture Intelligence.

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession. The funding of Series D and above halved to $11.70 billion in 2022 from $24.91 billion in 2021. The number of late-stage deals fell from 177 to 122.

Seven Telugu Desam Party workers lost their lives after a scuffle broke out between party workers during a public meeting being held by party leader N Chandrababu Naidu in Kandukuru of Andhra Pradesh's Nellore on Wednesday, police said.

The injured people were admitted to the nearby hospital.

With the next month expected to be crucial for India’s Covid-19 situation, passengers arriving from China, Japan, South Korea, Thailand and Singapore would have to carry a negative RT-PCR report from next week onwards, official sources have said.

The Covid-19 spike in these countries has sent alarm bells ringing in India as well, with states gearing up to prepare for any emergencies and taking stock of health infrastructure.

Amid an increase in complaints about call drops, failures and slow internet speed, the government has called a meeting of telecom service providers on Wednesday to discuss the matter, The Economic Times reported.

There has been an increase in complaints about the deteriorating quality of mobile phone services as telecom operators shift to 5G technology, which allows for faster Internet access for watching high-definition videos.

Amid macroeconomic pressures, Information Technology (IT) companies have lowered their growth and revenue projections for the current financial year (FY23). HCL has set its revenue guidance growth of 16-17 per cent for the year FY23, a report in the Times of India (TOI) said. Accenture, another tech giant, said that the clients were pausing smaller deals and there was a delay in overall decision-making.

"All of this (macro challenges) impacts the smaller deals more than the bigger deals because we're continuing to see that big transformation focus," Accenture said while announcing its financial results for the quarter ending November.

The recent guidelines by the Bureau of Indian Standards (BIS) to curb the menace of fake online reviews could increase costs for e-commerce platforms however small they may be, according to a report in The Economic Times.

The report, citing experts, said e-commerce platforms will have to invest in pulling resources to adhere to the new guidelines and this may result in higher costs for even small players.

The Centre may soon launch a production-linked incentive (PLI) scheme for the high-end components for electronic products like smartphones, servers and computers with an outlay of Rs 10,000-12,000 crore, a report in the Economic Times (ET) said.

The move, which may attract global giants like Apple to enhance production in the country, is being discussed to develop a complete ecosystem for electronic manufacturing in India.

Law Minister Kiren Rijiju on Monday took a sharp jibe at the opposition, saying that many years ago, it was discussed that whosoever becomes a judge should work for the government but the present government believes that judges should be committed to the nation.

He added that the opposition says that the government is trying to control the judiciary, but the government think judges should be committed to the nation and not to it.

The Noida Authority has issued a notice to real estate developer DLF to pay Rs 235 crore as compensation to the previous owner of the land on which the Mall of India has been built, a senior official said Monday.

The DLF, however, said it was yet to receive the communication.

Kinetic Engineering (KEL), the makers of the iconic Luna two-wheelers in the seventies, will soon start producing components for an electric version of the moped.

Pune-based Kinetic said in September that Luna would make a comeback in an electric avatar. The electric Luna, or E-Luna, will be launched by KEL’s sister company Kinetic Green Energy and Power Solutions.

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