The RMG subsegment, a major contributor to the online gaming sector, accouted for 83% of the market share in FY23, with over 400 startups. But despite its dominance, the segment s revenue share is expected to dip to 75.4% by FY28, due to recent GST amendments. Industry estimates this subsegment to generate 6,5006,800 crore in direct taxes and 75,00076,000 crore in indirect taxes (GST) for the exchequer during FY2428.

Technology and innovation are the backbone of businesses around the world. Organisations and leaders have been selecting, adopting, and deploying technologies and innovation in a fluid manner to create a sustainable and inclusive future.

Startups can now leverage the Seed Fund Scheme announced by the Indian National Space Promotion and Authorization Centre (INSPACe) to build solutions in the areas of Urban Development and Disaster Management by using space technology.

SAMRIDHI Conclave, a deeptech startup acceleration drive inaugurated at IIT Ropar Advertisements IIT Ropar has announced the launch of SAMRIDHI, a Deeptech Startup Accelerator Program. SAMRIDHI, is a Holistic Initiative for ICPS Startups, focusing on the transformative domains of agriculture and water.

For anyone following the news these past few months, it is impossible to deny the transformative impact of technology. GenAI is an obvious example, but it is not the only one, explains Pascal Brier, chief innovation officer at Capgemini and member of the Group Executive Committee.

Several AI startups have been making significant strides globally. From Sam Altman s OpenAI and India s Karya, to American robotics company Nuro, here are some prominent AI startups: Some of The Biggest AI Startups Reuters OpenAI: Known for developing advanced AI models like GPT3, OpenAI is a research lab that focuses on artificial general intelligence (AGI).

EsportsXO, an esports and gaming startup, announces an undisclosed amount in its ongoing funding round. The funding round was led by investors SOSV s Orbit Startups and existing investors SucSEED Indovation Fund and Mumbai Angels, with participation from other backers such as WeFounderCircle and Imperial Holdings.

India is at the forefront of technology innovation and expansion. According to a report the SaaS segment in India is expected to grow 56 times to USD 6575 billion by 2030, from USD 1213 billion in 2022. According to the IDC report the revenue of India s public cloud services market totalled $6.2 billion in 2022 and it is expected to reach $17.8 billion by 2027 growing at a CAGR of 23.4%.

According to the 202122 Economic Survey, India has the third largest startup ecosystem (over 100,000 startups) in the world following after US and China. However, only 7% of startups have a net zero (emission of greenhouse gases being balanced by removal) plan in place. Startups have always been known as the drivers of innovation and creation of novel products and processes and are thus being turned to as the drivers of sustainable development.

The US based digital transformation provider GlobalLogic , in an ambition to enable telecom carriers to monetise their next generation or 5G networks said that it is creating relevant use cases across multiple sectors, and would coinnovate with Indian startups.

Ahmedabad, Dec 5 (PTI) Chief Minister Bhupendra Patel on Tuesday inaugurated a state-of-the-art complex of Gujarat Student Startup and Innovation Hub (iHub) that will work on the concept of idea to enterprise by providing infrastructure, mentorship and funding support to early-stage firms.

Blockchained India, a global community of web3 enthusiasts, has announced the launch of the second edition of their flagship event Back the Builder’s 2.0. This initiative is designed to empower and provide support to builders in advancing their ventures and in line with their aim to add $1 trillion in value to the Web3 ecosystem by supporting over 2000 startups with vital support, mentorship, and connections with grant managers, investors, and key stakeholders from prominent exchanges and widely adopted protocol ecosystems.

In the ever-evolving environment of technology and entrepreneurship, the synergy between industry, academia, and government stands as a foundation for driving innovation and driving startup growth. In this dynamic and rapidly evolving environment, advancing innovation is not just an aspiration; it appears as an imperative of social progress.