Howdy,
Pleased Independence Day!
For many of us, independence carries a significance deeper than simply historic relevance. For some, independence means the liberty to interrupt out of social constraints, and for others, it’s the freedom to do enterprise with out many roadblocks—and there’s some excellent news on that entrance.
Score company S&P International raised India’s long-term unsolicited sovereign credit score scores to “BBB” from “BBB-”, citing financial resilience and sustained fiscal consolidation. It famous that India’s continued coverage stability and excessive infrastructure funding are set to spice up the nation’s long-term progress.
Elsewhere, the Ministry of Defence is overhauling its procurement course of to make it simpler for startups to produce gear and expertise to the armed forces. The revised Defence Acquisition Process will embody a “extra bold” framework than current schemes.
However nicely, August 15 is, in spite of everything, a vacation, and holidaymakers have grand plans for the lengthy weekend.
Based on stories, lodges are close to full occupancy from August 15-17, with many lodges in widespread locations like Maharashtra, Goa, Ooty, and Coorg bought out. Luxurious lodges in Jim Corbett, Chail, and Shimla are additionally close to full occupancy.
Indian theatres are additionally gearing up for one of many 12 months’s greatest box-office weekends, with Conflict 2 and Rajinikanth’s Coolie anticipated to ship a mixed opening of Rs 120-130 crore.
In right now’s publication, we are going to discuss
Defence startups placing India on the mapIndiaMART’s MSME playbookFight for freedom in unbiased India
Right here’s your trivia for right now: What number of international locations mark August 15 as their independence/nationwide day?
Independence Day
Defence startups placing India on the map
As soon as closely reliant on international OEMs for important programs akin to avionics, propulsion modules, radar and concentrating on gear, India is now quickly shifting in direction of self-reliance in high-value defence manufacturing.
This transformation is powered by the federal government’s Constructive Indigenisation Lists, which now span over 4,500+ elements beforehand imported from overseas. These lists have opened the door for startups to switch international sub-systems with regionally designed, IP-owned options that meet stringent defence-grade requirements.
Homegrown defence programs:
Noida-based Raphe mPhibr, based in 2016 by Vikash Mishra, Vivek Mishra, and Nitin Katiyar, specialises in totally indigenous unmanned aerial automobiles and aerospace elements for navy and business use. Bangalore-based SSS Defence designs, develops, and manufactures small arms, ammunition, and navy optics, together with the Viper and Saber sniper rifles, with the Saber securing a $50 million export order in 2024.Skyroot Aerospace, based in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka, is a Hyderabad-based non-public aerospace producer and business launch service supplier. The startup develops the modular and customisable Vikram collection of cost-effective, fast, and reusable rockets.
Funding Alert
Startup: Darwinbox
Quantity: $40M
Spherical: Undisclosed
Startup: TMRW
Quantity: Rs 437 Cr
Spherical: Undisclosed
Startup: Shivalik Small Finance Financial institution
Quantity: Rs 100 Cr
Spherical: Fairness
Interview
IndiaMART’s MSME playbook
In right now’s fast-changing world of expertise, and with the appearance of synthetic intelligence in addition to generative AI, it has turn out to be extra essential than ever for MSMEs to maintain tempo with these modifications.
IndiaMART InterMESH Restricted, one of many main B2B marketplaces within the nation, has been carefully related with the MSME ecosystem, supporting their digitisation journey and showcasing new methods of doing enterprise. In an e-mail interview with SMB Story, COO Dinesh Gulati delves into the corporate’s strategy to turning into data-intelligent.
Digital-first strategy:
The Indian MSME sector boasts over 6.3 crore enterprises, and near 67% of them at the moment are digitally prepared, Gulati says. This transformation is being pushed by widespread smartphone penetration, improved web connectivity, digital funds, and the massive tailwind created throughout the pandemic.He provides that IndiaMART is accelerating digital adoption for MSMEs with user-friendly instruments that allow companies to arrange digital storefronts, combination leads, join with patrons and effectively handle leads via in-built lead managers. IndiaMART plans to additional develop into areas like conversational commerce, credit score facilitation, and logistics partnerships to supply a seamless, end-to-end expertise for sellers. Moreover, the corporate is leveraging GenAI and agentic AI to fine-tune its choices.
Independence Day
Struggle for freedom in unbiased India
At the same time as we come up on India’s 79th Independence Day, the concept of freedom doesn’t change a lot from each day for most individuals—August 15 is just one other vacation to money in on gross sales, relaxation and socialise.
This August 15, we inform tales of survival, justice, and the battle for primary rights, the place freedom isn’t only a slogan and independence is hard-fought.
<determine class="picture embed" contenteditable="false" data-id="579031" data-url=" data-alt="As India marks 78 years of independence, three lives present how the promise of freedom nonetheless collapses below every day violence, prejudice, and state failure. For them, “independence” rings hole and is misplaced of their battle to remain alive." data-caption="
As India marks 78 years of independence, three lives present how the promise of freedom nonetheless collapses below every day violence, prejudice, and state failure. For them, “independence” rings hole and is misplaced of their battle to remain alive.
” align=”middle”> As India marks 78 years of independence, three lives present how the promise of freedom nonetheless collapses below every day violence, prejudice, and state failure. For them, “independence” rings hole and is misplaced of their battle to remain alive.
Information & updates
No disgrace: Within the first half of this 12 months, Tesla gross sales plunged by half or extra in Germany, Sweden, Denmark and the Netherlands. However they grew by 24% year-on-year in Norway, making the nation of 5.5 million the corporate’s second-largest European market.Contract electronics: The increase in AI has helped Apple provider Foxconn earn extra from manufacturing servers than smartphones for the primary time, a milestone in its efforts to scale back its dependency on the low-margin enterprise of assembling iPhones.Crypto rally: Bitcoin topped the $124,000 degree for the primary time Wednesday, extending a months-long rally. The world’s largest cryptocurrency has surged about 33% 12 months to this point, and practically 120% over the previous 12 months. Nonetheless, the foreign money later cooled off.
What number of international locations mark August 15 as their independence/nationwide day?
Reply: Six. India, North Korea, South Korea, Bahrain, Congo, and Liechtenstein.
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