Indian Startup News

Japanese air conditioning giant Daikin Industries will establish a joint venture with Taiwan’s Rechi Precision to manufacture compressors in Sri City, Andhra Pradesh. The partnership, formed through Daikin’s local subsidiary, Daikin Airconditioning India, aims to produce rotary compressors for both inverter and non-inverter air conditioners, serving customers in India and select overseas markets. While the companies have not officially disclosed the total investment, media reports said that around Rs 1,000 crore will be committed over the next five to six years. Daikin will hold a majority stake in the venture. The new manufacturing facility is expected to start operations by the fourth quarter of the 2024-2025 financial year. #daikin #manufacturing #andhrapradesh #electronics #employment #indianstartupnews

A recent LinkedIn post by Harit Nagpal, managing director and CEO of Tata Play Ltd., has stirred conversations across social media after he described hiring employees as “renting people.” The phrase, which appeared in the opening line of his post, drew a mixed response, with some applauding the fresh perspective and others questioning the choice of words. In his post, Nagpal urged employers to rethink how they view their workforce. Instead of focusing solely on building long-term careers within their organization, he suggested embracing the reality that most employees arrive with their own beliefs and experiences. "Don’t build careers. Rent people. This isn’t their first job. They won’t retire here. Allow them to bring their beliefs and attitudes with them," he wrote. Read the full story here: 👇 https://lnkd.in/dRT2UwKN #tataplay #ceo #linkedin #leadership #employees #career #indianstartupnews

The billionaire Gautam Adani-led Adani Group is planning to invest Rs 20,000 crore in setting up a super critical thermal power plant in Bihar, reported PTI. The announcement about this was made by Pranav Adani, Director, Adani Enterprises Ltd, at the Bihar Business Connect 2024. The billionaire Gautam Adani-led Adani Group is planning to invest Rs 20,000 crore in setting up a supercritical thermal power plant in Bihar, reported PTI. The announcement about this was made by Pranav Adani, Director, Adani Enterprises Ltd, at the Bihar Business Connect 2024. "We expect such a massive project to open up at least 12,000 job vacancies in the pre-commissioning phase and also lead to around 1,500 skilled jobs during the operational phase.” The Adani Group also plans to expand the cement, food processing and logistics business in the state. #gautamadani #bihar #investment #powerplant #employment #adanigroup #indianstartupnews

Cars24 CEO Vikram Chopra sparked a debate online after asking engineers, who can't speak Kannada despite residing in Bengaluru for years, to come to Delhi. "Still can't speak Kannada after years in Bengaluru? It's OK. Aa jao Dilli" the post read. "We're not saying Delhi-NCR is better...It really is," Chopra captioned. His post sparked a debate on X and LinkedIn, where he shared it yesterday. In the comments section, some called it distasteful while others said it was ingenious. "prove 1 aspect in which Delhi NCR is better than Bengaluru and I will work for you for free for 1 year," a user wrote. His post sparked a debate on X and LinkedIn, where he shared it yesterday. In the comments section, some called it distasteful, while others said it was ingenious. #bengaluru #delhi #employees #work #culture #startup #indianstartupnews

InCred Finance, the consumer and MSME lending arm of the InCred Group, has announced the appointment of Gaurav Maheshwari as its Chief Financial Officer (CFO), effective December 16, 2024. This move comes at a pivotal time for the company as it charts a path towards expansion and a planned public listing. Read the full story here:👇 https://lnkd.in/dhCtqKrs #finance #msme #leadership #management #ipo #lending #loans #indianstartupnews

Volatus Aerospace Inc. has signed an MoU with DroneAcharya Aerial Innovations Limited, marking the start of a collaboration to explore opportunities for introducing advanced drone technologies to India. The partnership lays the groundwork for bringing Volatus' cargo drone capabilities to the Indian market, including the potential for local manufacturing through DroneAcharya. Read the full story here:👇 https://lnkd.in/d6SMesCP #aerospace #drone #technology #partnership #manufacturing #company #startup #indianstartupnews

India’s hiring activity is expected to rise by 9% in 2025, led by growth in the information technology, retail, telecommunications, and banking, financial services, and insurance (BFSI) sectors, according to a report released Thursday by jobs and talent platform foundit (formerly Monster APAC & ME). With a 10% growth in 2024 and 3% sequential growth in November, the forecast indicates that hiring is set to retain its momentum, with a predictable hiring environment. The data indicates a predictable hiring environment, as companies continue to invest in talent to meet evolving business demands. Emerging technologies like edge computing, quantum applications, and advanced cybersecurity tools are poised to reshape key industries, including manufacturing, healthcare, and IT. These innovations are expected to create new job roles and skill requirements, influencing both the quality and quantity of hiring in the coming years. #hiring #employment #jobs #india #newyear #indianstartupnews

Finance Minister Nirmala Sitharaman told Lok Sabha that the central government believes the GDP growth slowdown in Q2FY25 "is a temporary blip" and that an improvement will be seen in coming quarters. "Government believes that the Q2 GDP growth slowdown is a temporary blip, and we will see an improvement in the coming quarters," said Sitharaman while replying to the discussion on Supplementary Demands for Grants - First Batch 2024-25 in Lok Sabha. She also said that the second quarter of the current fiscal has been challenging for India as well as most of the economies of the world. "I am optimistic about an improvement in economic performance going ahead," she added. #gdp #economy #india #government #narendramodi #nirmalasitharaman #indianstartupnews

AI-driven search engine Perplexity AI has reportedly raised $500 million in a funding round, bringing its valuation to $9 billion, according to Bloomberg. The round was led by Institutional Venture Partners (IVP). Earlier this year, the startup’s valuation stood at $1 billion in April and later surged to $3 billion following investment from SoftBank Group’s Vision Fund 2. Founded in 2022 by IIT Madras graduate Aravind Srinivas, along with Denis Yarats, Johnny Ho, and Andy Konwinski, Perplexity AI is an AI-powered search engine and chatbot. It leverages advanced technologies such as natural language processing (NLP) and machine learning. #ai #chatgpt #technology #innovation #startup #iitmadras #indianstartupnews

Kissht, a digital lending platform in India, has onboarded former cricket legend Sachin Tendulkar as a strategic investor and brand ambassador. The collaboration aims to drive business growth and enhance Kissht’s offerings in the area of fast and convenient credit financing. Read the full story here:👇 https://lnkd.in/dX3WAuiZ #sachintendulkar #cricket #loans #lending #startup #investor #indianstartupnews