Private sector lender, HDFC Bank, has partnered with Gujarat University Startup and Entrepreneurship Council (GUSEC), along with eight other start-up incubators, to screen, mentor, monitor and support start-ups.

The initiative has been undertaken as part of the bank’s CSR initiative, Parivartan, as part of which the private sector lender has launched SmartUp grants.

The bank has invited applications from start-ups and solo entrepreneurs for its Smart-Up grants. This year, the bank will focus on start-ups creating social impact at scale in sectors such as Education – technology (edu-tech) and skill development, among others.

Bitcoin jumped more than 10% to a record high on Monday after Tesla Inc invested USD 1.5 billion in bitcoin last month. Also, the company is expected to begin accepting payment for its cars and other products with it in near future, prompting a 7 per cent jump in the electronic currency.

As per an international news agency, Tesla said in a filing with the U.S. Securities and Exchange Commission (SEC) that the decision was part of its broad investment policy that was updated in January 2021. With this, the company aims at diversifying and maximizing its returns on cash and could "acquire digital assets from time to time or long-term".

The news sent Bitcoin soaring as high as USD 43,625 (approx 31 lakhs) as of 1300 GMT. The electric carmaker unveiled the investment ten days after its chief executive Elon Musk added "#bitcoin" on his Twitter bio, which drove bitcoin higher on the day.

Andy Jassy has a big decision to make, it usually comes at the Chop.

Originally the name of a physical conference room next to his office at Amazon's Seattle headquarters - short for "Charterhouse of Parma," a book Jassy read in college - the Chop has also come into use as a catchall term for the meetings where Jassy holds his most important brainstorming and planning sessions.

The Chop is also where big ideas, and sometimes employees, go to get chopped down to size, according to people familiar with the company.

The Reserve Bank of India on Friday kept interest rates on hold while assuring to maintain support for reflating the economy by ensuring ample liquidity to manage the government's near-record borrowing. The six-member Monetary Policy Committee voted to continue with the accommodative stance as long as it is necessary to revive growth and mitigate the impact of COVID-19 on the economy while ensuring that inflation remains within the target. Tune in as as views are shared on the macro takeaways from the RBI policy statement. 

(With inputs from agencies)

Once called the king of Indian retail, Kishore Biyani has fallen and how. Before he could find his way through the over four month long legal battle with Amazon, Biyani has now been banned from accessing the securities market for a year by India’s market regulator Securities and Exchange Board of India (SEBI).

On Wednesday evening (February 3), Biyani, CEO of Future Group, and his brother Anil Biyani were banned from buying or selling of Future Retail shares, or accessing the share market, for a year by the regulator for insider trading.

However, the company in a statement to the bourses has said the ban will not impact its ₹25,000 crore deal with Reliance.