Business

DPIIT Partners with YES BANK and Kyndryl Solutions to Strengthen Startup Ecosystem

Published

1 year ago

March 21, 2025

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a Memorandum of Understanding (MoU) with YES BANK to enhance India’s startup ecosystem. This alliance aims to stimulate innovation while providing essential support to product startups, innovators, and entrepreneurs throughout the nation.

The partnership will utilize DPIIT’s Startup India initiative alongside YES BANK’s financial expertise to improve market linkages, access to funding, mentorship, and infrastructure support for early-stage companies, as stated by the Ministry of Commerce & Industry. Startups will have the opportunity to benefit from YES BANK’s HeadStartup program, which delivers customized banking and financial solutions, including working capital assistance, credit access, and cash flow management.

Additionally, they will gain access to YES BANK’s extensive network, strategic partnerships, and industry insights, enabling them to scale their operations and attract investments more effectively.

In another significant initiative, DPIIT has also signed an MoU with Kyndryl Solutions Pvt Ltd, aimed at accelerating innovation and expanding India’s startup ecosystem. This collaboration will specifically support startups in the manufacturing and IT sectors by leveraging Kyndryl’s expertise in digital transformation and Generative AI solutions.

Under this partnership, startups will receive mentorship, infrastructure support, and market access, empowering them to integrate their solutions into various enterprise ecosystems, including automotive, pharmaceuticals, BFSI, oil & gas, and government services. The Ministry of Commerce stated that dedicated programs will be established to support digital product startups, AI-driven innovators, and aspiring entrepreneurs.

Startups benefiting from this collaboration will receive guidance on product development, market readiness, cybersecurity resilience, and enterprise deployment. Kyndryl is set to conduct advisory sessions and industry workshops to further enhance customer experience and operational efficiency.

Joint Secretary of DPIIT, Sanjiv, remarked on the initiative, noting that this collaboration signifies a crucial step towards fostering an innovation-driven startup ecosystem in India. “By leveraging Kyndryl’s global expertise and enterprise solutions, DPIIT aims to assist startups in scaling their operations and advancing technological innovations across various industries,” he stated.

Regarding the partnership with YES BANK, he expressed that “India’s manufacturing and startup ecosystem is at a transformative juncture, and collaborations such as this are essential in driving growth through innovation. We are excited to work with YES BANK to provide emerging startups with the resources and opportunities they need to scale and succeed.”

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

2 days ago

May 15, 2026

Namma Kudla

New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.

Business

Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong

Published

2 weeks ago

May 4, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.

Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.

Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.

Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.

Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.

Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.

Business

Pune FDA Seizes 3,800 Kg of Adulterated Mango Pulp in Major Crackdown

Published

1 month ago

April 15, 2026

Namma Kudla

In a major action against food adulteration, the Food and Drug Administration (FDA) in Pune has seized over 3,800 kilograms of mango pulp mixed with unsafe food colours.

The raid was carried out after officials received confidential information about illegal production activities in the district. Acting quickly, an FDA team traced the source to a manufacturing unit in Urse village in Maval taluka.

During the inspection, officers found that the mango pulp was being prepared using unauthorised food colours and other banned substances. These materials are not allowed under food safety rules and can be harmful to consumers.

The unit was reportedly operated by Mohammad Ekramul, also known as Akram Gulam. Authorities said the facility was violating multiple food safety regulations.

Officials immediately seized the adulterated stock and stopped further production at the site. The FDA has also begun investigating the supply chain to identify where the products were being distributed.

Authorities warned that strict action will be taken against those involved in food adulteration. They also urged the public to stay cautious while buying food products, especially during the mango season.

Further investigation into the case is currently underway.