Prime Minister Narendra Modi announced a Start-up India seed fund worth Rs 1,000 crore to support budding start-ups financially. Interacting with entrepreneurs at 'Prarambh: Startup India International Summit', Modi said that our goal for coming years should be to strive for turning unicorns start-ups of the country into global giants.

"To provide starting capital to start-ups, we are launching a Start-up India seed fund of Rs 1,000 crore. This will help start new start-ups and grow. Start-ups are already being helped to raise equity capital through the Fund of Funds scheme. Further, the government will also help start-ups raise debt capital through guarantees," PM Modi said.

The event was the first start-up conclave of BIMSTEC nations. Addressing the event, the Prime Minister said he is hopeful of start-ups from the BIMSTEC region proving their mettle around the world.

In another step towards Atmanirbhar Bharat, the Indian Army and Defence Research and Development Organisation (DRDO) have jointly developed India's first home-made 9mm machine pistol, said a statement by the Ministry of Defence. The weapon is aptly named Asmi meaning Pride, Self-Respect" & Hard Work.

Keeping Prime Minister Narendra Modi, vision of Aatmnirbhar Bharat , this small step will pave the way for self-reliance and it is expected that the Services and Paramilitary Forces (PMFs) will induct this expeditiously, said the defence ministry release.  

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India's Tata Group plans to invest in digital, high-end electronics and healthcare in a post-pandemic world, the $100 billion conglomerate's chairman said on Thursday.

Tata, whose operations span hotels, steel, airlines, electronic goods and technology services, will also place big bets on electric vehicles, renewable energy and battery storage, N Chandrasekaran, who is also known as Chandra, added.

"When you look at trends for the future, definitely there are clear signs you can pick up. Anything that is digital, we're making a big bet on," Chandra told the Reuters Next conference.

The coronavirus pandemic has accelerated the adoption of technology, changing the way people live, work and consume as well as how companies operate, he added.

American electric car maker Tesla has registered its Indian subsidiary as the company gears to set up its R&D unit and manufacturing plant in India.

As per a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with RoC Bangalore.

The company has been registered as an unlisted private entity with a paid-up capital of Rs 1 lakh.

As per the Registrar of Companies (RoC) filing, Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein have been appointed as directors of Tesla India.

As Serum Institute of India ships out its coronavirus vaccine candidate to multiple cities in the country, CEO Adar Poonawalla has said that it is a big relief for the company. He also said that multiple countries are seeking COVID-19 vaccines from India and that the company is trying to supply COVID-19 vaccines in Africa. He also said that the vaccine will be sold at Rs 1,000 per dose to private players, as against Rs 200 for the government.

Poonawalla also said that after the first 100 million doses will be offered at Rs 200 per dose to the government, Serum Institute will sell the coronavirus vaccine at Rs 1,000 per dose to private players. "We have given a special price of Rs 200 for the first 100 million doses only to the Government of India on their request that we want to support the common man, vulnerable, poor and healthcare workers. After that, we'll be selling it at Rs 1,000 in private markets," Adar Poonawalla said.