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Suresh Prabhu Is The New Minister Of Commerce

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Suresh Prabhu is New Minister Of Commerce,New Minister Of Commerce,Minister of Commerce and Industry,second women defence minister,Nirmala Sitharaman,Prime Minister,Startup India Hub,Startup Stories,Inspirational Success Stories 2017

Suresh Prabhu is the new Minister of Commerce and Industry, post a cabinet reshuffling that took place on Sunday. The former Railway Minister will take over the role from Nirmala Sitharaman. Sitharaman will take charge of the Ministry of Defence to become the second women defence minister after Indira Gandhi.

Speaking about his ninth cabinet level position Prabhu said, “I am extremely happy that the prime minister has asked me to do something in Make In India, Start-up India and ease of doing business in India. All of these are the flagship programmes of the government which have to be implemented and I look forward to doing that in the right earnest.” Prabhu recently met with Prime Minister Narendra Modi to offer his resignation as the Minister of Railways after taking the blame for the Kalinga Utkal Express’ derailment that killed 23 last month. In a series of tweets, he revealed the Prime Minister had asked him to ‘wait’ instead of resigning.

As the new Minister of Commerce, Prabhu said he will be responsible to ensure faster economic growth, address the challenge of creating more employment opportunities, bring in more foreign direct investments (FDI) and increase exports for greater competitiveness. Prabhu will be representing India in the upcoming Regional Comprehensive Economic Partnership (RCEP) negotiations and the upcoming WTO Ministerial in Buenos Aires in December. He will be facing the tough challenge of championing India’s trade interests at RCEP and will have to look for a permanent solution on public stockholding for India’s food security, as promised at the Bali Ministerial 2012, by the WTO members. He will also be announcing the new industrial policy which will be released this October to take the country out of the current industrial slump. A new industrial policy proposal was initially announced by Nirmala Sitharaman. Apart from that, Prabhu will also have to finalize the new Foreign Trade Policy for 2020-2025.

Nirmala Sitharaman, in her tenure as the minister of commerce, introduced several schemes for the benefit of the Indian startup ecosystem. She recently constituted a task force on artificial intelligence to leverage AI for development across various fields and launched a Rs. 2000 crores credit fund guarantee scheme for startups. She also successfully set up the Startup India Hub, a virtual platform to host startups, investors, funds, mentors, academia, incubators, accelerators, corporates, government bodies and more in order to be a dynamic and interactive platform.

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  1. Ndjylpxb

    May 28, 2025 at 6:00 am

    اكتشف أفضل الكازينوهات على الإنترنت لعام 2025. قارن بين المكافآت واختيارات الألعاب ومصداقية أفضل المنصات لألعاب آمنة ومجزيةعرض المكافأة

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Pune’s SuperGaming Secures $15M to Expand in Emerging Markets

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Super Gaming

SuperGaming, the Pune-based gaming innovator known for hit titles like MaskGun and Indus Battle Royale, has raised $15 million in a Series B funding round, boosting its valuation to an impressive $100 million. This marks a nearly fivefold increase from its 2021 valuation of $21 million, highlighting the company’s rapid growth and the rising investor confidence in India’s booming gaming industry. The funding reflects SuperGaming’s strong market presence and strategic vision to become a global leader in online gaming. 

The funding round was spearheaded by Skycatcher and Steadview Capital, with significant participation from notable international investors including a16z Speedrun, Bandai Namco O21 Fund, Neowiz, and prominent Web3 financiers such as Polygon Ventures and Sandeep Nailwal. Existing backers like AET Japan and BACE Capital also continued their support. SuperGaming aims to utilize this capital infusion to expand its footprint internationally, focusing on emerging markets. A key initiative includes launching its award-winning game, Indus Battle Royale, in Latin America through a partnership with LOUD.GG, alongside rolling out its proprietary SuperPlatform developed with Google Cloud to empower game developers worldwide, especially in resource-constrained regions. 

CEO and Co-Founder Roby John emphasized that this funding milestone is crucial in shifting India from merely a gaming consumer base to a hub for gaming innovation. By adopting a “hyper-local” strategy that tailors games to diverse cultures in underrepresented markets like the Middle East and Latin America, SuperGaming is poised for global growth. With over 200 million installs and an expanding user base, SuperGaming’s recent fundraising solidifies its position at the forefront of India’s gaming revolution, ready to make a major impact on the international stage.

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Swiggy DeskEats: Office Food Delivery Launched in 30 Cities

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Swiggy

Swiggy, India’s leading online food delivery platform, has introduced DeskEats, a unique meal delivery service specifically designed for office-goers and working professionals across 30 major cities. DeskEats aims to streamline office dining by offering a diverse, office-friendly menu, making it easier than ever for corporate employees to enjoy convenient and delicious meals right at their workplace. By simply typing “Office” or “Work” in the Swiggy app, users can unlock curated collections like Value Combos, Stress Munchies, Healthy Nibbles, and Teamwork Bites, catering to every office dining scenario—from solo meals to team lunches and quick snack breaks.

Swiggy’s DeskEats is now operational in over 7,000 tech parks and business centers, granting office workers access to nearly 700,000 menu items from over 200,000 restaurants. This vast variety ensures there’s something for everyone, addressing the growing demand for quick, tasty, and nutritious food that fits seamlessly into the busy schedules of working professionals. Early trends from DeskEats’ pilot phase show a strong preference for easy-to-eat options like chicken popcorn in Bengaluru and garlic breadsticks in Gurugram, reflecting the popularity of meals tailored for the modern workday.

Expanding upon its Corporate Rewards Program, which is already trusted by thousands of organizations, Swiggy enables companies to enhance employee wellness programs by offering food delivery, groceries, and dining benefits efficiently. With DeskEats, Swiggy reaffirms its commitment to transforming workplace dining by prioritizing variety, convenience, and user satisfaction—cementing its position as a key player in the evolution of India’s office food culture.

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Setu Builds Fintech Powerhouse Leadership Team as Pine Labs IPO Nears

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Pine Labs

Setu, the API infrastructure platform and subsidiary of Pine Labs, has significantly strengthened its leadership by appointing Prashanth Nimmagada (ex-Razorpay) as Chief Technology Officer, signaling its commitment to innovation in India’s dynamic fintech landscape. Alongside Nimmagada, Setu has welcomed other top industry talent: Vijeth Pandit (ex-Razorpay) as Chief Product Officer, Ramkumar Thirumurthi (ex-Razorpay, co-founder Actyv.ai) as Chief Revenue Officer, Nikhil Ratanpal (ex-PhonePe) as Director of Product Development, and Santosh Subramanian (ex-Yes Bank, Wibmo) as Head of Finance. These high-profile hires accompany Anand Raisinghani’s (ex-SAP India) appointment as CEO, underscoring Setu’s focus on building a strong, experienced leadership bench to drive future growth.

Setu specializes in providing API-based digital financial infrastructure for services such as UPI, bill payments, KYC, and digital signatures, while also operating as an RBI-licensed NBFC Account Aggregator. With this expanded leadership team—drawn from India’s leading fintechs—Setu is well-positioned to accelerate the development of scalable, API-driven financial solutions for banks, fintechs, and enterprises. The influx of expertise from Razorpay and PhonePe veterans will bolster Setu’s technical capabilities and strategic partnerships, ensuring it remains a key enabler in India’s rapidly maturing digital public infrastructure ecosystem.

This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.

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