Author Archives: Loknath Das

The survival strategy for startups

The toll the Covid-19 pandemic has taken on the economy is still something experts and economists are unable to fully quantify. As the prolonged lockdown makes way for Unlock 1.0, it is becoming clear that several sectors will continue to struggle as the economy attempts to slowly crawl back to some semblance of normalcy. The much-celebrated Indian startups ecosystem has ... Read More »

Government launches SWADES to tap skill set of out-of-job Indians returning from abroad

NEW DELHI: The Centre has launched a skill-mapping exercise of the citizens returning to the country under the Vande Bharat Mission. Called SWADES (Skilled Workers Arrival Database for Employment Support), the joint initiative by the ministries of skill development & entrepreneurship, civil aviation and external affairs aims to create a database of qualified citizens so as to tap their skill ... Read More »

Mandeep Singh is India’s youngest digital media manager who is rocking Punjabi cinema

Young men and women are making their mark in the Indian social media sector. With every passing day, social media is becoming a career of choice for millions across the country. However, only those can sustain in this field who are hard working and passionate about it. One such charismatic young man is Sirsa-based Mandeep Singh. This 23-year-old influencer started ... Read More »

Donald Trump’s order may expedite social media regulations in India

US President Donald Trump’s executive order on online censorship, which followed his spat with Twitter for fact-checking his claim on voter fraud, may expedite a review of rules governing social media firms in India. The order puts the spotlight back on India where the government has been considering regulating social media platforms to curb fake news and hate speeches. The ... Read More »

Donald Trump signs executive order targeting social media companies

President Donald Trump signed an executive order on Thursday targeting tech companies like Facebook, Twitter, and Google and the pivotal internet law that provides them broad legal immunity over content posted by their users. “We’re fed up with it,” Trump said in the Oval Office Thursday before signing the order, according to the Los Angeles Times. The White House released ... Read More »

Job Loss: How NBFCs lend money to first-time borrowers with no credit record?

NBFCs are actively working out for technology-based solutions to disburse small ticket size loans to people having no credit history. With the economic activities coming to a standstill during the nationwide lockdown imposed to contain the spread of highly contagious Novel Coronavirus COVID-19, many people, especially those working with unorganised sectors, have lost their jobs. During this moment of crisis, ... Read More »

‘I lost my job, escaped accidents, but made it back’

The return of Brij Kishore Ahirwar, 45, and his family to his home district Jhansi in Uttar Pradesh from Haryana’s Bahadurgarh town was punctuated by hardship, loss of savings, accidents and other trials and tribulations. Nevertheless, they made it back in the shadow of the Covid-19 pandemic. It was six years ago that Brij Kishore left his home village Gichauli ... Read More »

Funding in Indian startups this week (11 May-16 May)

This week 14 Indian startups raised funding, of which 7 received a total sum of about $65 million. Among them, SirionLabs raised the highest funding of about $44 million followed by Shiprocket which raised $13 million. Meanwhile, funding for 7 of the total funded startups remained undisclosed. Below is the summary of deals closed this week SirionLabs: Enterprise-focused software-as-a-service provider, ... Read More »

Covid-19 may cut media, entertainment sector FY21 revenue by 16%: CRISIL

New Delhi: The economic slowdown, exacerbated by the covid-19 pandemic, is set to cull the Indian media and entertainment industry’s revenue by 16% to ₹1.3 trillion this fiscal, according to domestic rating agency CRISIL. Advertisement revenue, which accounts for 45% of the pie, will see a sharper cut of 18%, while subscription revenue, accounting for 55%, will be relatively resilient ... Read More »

Job losses for 20.5 million Americans herald more pain to come

The U.S. unemployment rate in April could hit 15% — a number not seen since the end of the Great Depression. (AP Photo) It took just one month for the labor market in the world’s largest economy to capsize. It will take longer for the damage to be fully realized. In the harshest downturn for American workers in history, employers ... Read More »