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Indian Government Pushes For Electric Vehicles

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Indian Government Pushes For Electric Vehicles,Startup Stories,Inspirational Stories 2017,Government Electric Vehicles,Government Working on EV Ecosystem,Electric Vehicles 2018,Electric Vehicles Under Fame India scheme,Indian Government Schemes 2017,Electric Vehicle Latest News,Technology News and Updates

The Indian Government is pushing automotive companies to expedite electric vehicle (EV) manufacturing in the country. The government is planning on turning India into a manufacturing hub and is creating a policy that would facilitate exactly that. Last month, the Indian Government held talks with both local and foreign companies in an attempt to raise investments and help develop the changing infrastructure of the electric vehicle ecosystem in the economy.

Since the beginning of 2017, the government has been working furiously to increase EV ecosystem and to make the country a truly electric vehicle nation by 2018. As per reports, there has been a 37.5 % rise in the sale of EVs in India in recent years. In the last couple of years, the government has doubled down in its efforts to make India a 100% electric vehicles nation. This yet to be formulated EV policy is expected to open the doors for new entrants in this space.

The framework for EV will come under the preview of the government established think tank, Niti Aayog. The think tank will make sure the roles and responsibilities of different ministers are clearly outlined. Niti Aayog will also ensure there is no disruption in the timeline set by the government. Considering that the market is lucrative enough to achieve the revenue targets, no additional incentives will be provided to the electric vehicle manufacturing companies. On the contrary, the government recently announced they would provide incentives to cities for faster adoption of electric vehicles under the FAME India scheme.

This move has been carried forward in an attempt to reduce the amount of global emission by at least 50 % by 2030. Through this initiative, the government plans on sticking to a strict timeline to ensure there is no delay in getting this process set in motion.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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