World Bank approves programme to support Indian MSME sector
World Bank approves programme to support Indian MSME sectorIn order to support the MSME sector of India, which has been deeply impacted by the covid 19 pandemic, the World Bank’s board of Executive Directors has approved a 500 million dollars programme. The performance of 5,55,000 MSMEs will be targeted for improvement and is expected to mobilise financing of 15.5 billion dollars.India to launch its DigitalSky by the end of 2021 India aims to launch its revamped DigitalSky platform by the end of 2021. This will enable automated registration and flight approvals for drones in compliance with the Unmanned Aircraft System Rules,2021.Zypp Electric launches EV services in Hyderabad Electric Vehicle startup Zypp electric has launched its services in Hyderabad. The operations have been started with 100 EV bikers and it is the first city for Zypp Electric for southern India operations.ISRO develops 3 types of ventilators amid Covid 19 crisesThe Indian Space Research Organisation has developed 3 types of ventilators and is willing to transfer the technology with the industry for usage amid covid 19. The three ventilators are PRANA, VaU, and SVASTA.Flipkart to test drone delivery of vaccines in Telangana Bengaluru headquartered e-commerce giant Flipkart has collaborated with the Telangana Government to develop and execute the task of drone deliveries to remote areas for medical supplies. The project is called Medicines from the Sky.Sudipta Sarkar and Log9 Materials win DRDO innovation challenge Indian Institute of Technology, Roorkee Incubated startup Log9 Materials and professor Sudipta Sarkar have won the Dare to Dream 2.0, an innovation contest organised by Defence Research and Development Organisation. The challenge was announced by Prime Minister Naredra Modi in the memory of former President DR. APJ Abdul Kalam.Former Indian cricketers launch CricuruVirender Sehwag and Sanjay Bangar, former Indian Cricketers have launched an AI based cricket coaching app called Cricuru. The app has video lessons with 30 player coaches. The customised AI technology rates the performance and shows the progress.Cult.fit acquires fitness startup Tread Bengaluru headquartered fitness platform CultFit has acquired Bengaluru based connected fitness startup Tread. The step has been taken to boost CultFit’s portfolio of hardware products. The financial details of the deal were undisclosed.Major websites faced outage for 1 hour Several websites across the globe, like Amazon, Reddit, Spotify and Quora faced a downtime around 3:30 pm on 8th June due to glitches in a US based cloud computing services provider Fastly. Indian users also had trouble accessing Google Services. Instamojo launches D2C focused ecommerce platformBengaluru headquartered fintech platform Instamojo has launched an ecommerce platform which will help small businesses and D2C brands to come online. Brands will be able to launch their own independent stories using digital features offered by the company.#Flipkart #MedicinesfromtheSky #dronedelivery #vaccine #dronevaccinedelivery #iit #Log9Materials #SudiptaSarkar #DRDO #VirenderSehwag #SanjayBangar #cricket #Cricuru #cricketcoachingapp #worldbank #MSME #500millionprogram #DigitalSky #Drones #Droneinindia #digitalskyplatform #electricvehicle #ev #electriccar #Zyppelectric #ebike #ISRO #ventilators #covid #covid19 #CultFit #fitness #outage #Websites #Instamojo #ecommerce #askmentor #mystartuptv #majorsunilshetty #startupchannel #startupnews #startupindia #MSMEnews #makeinindia #madeinindia