News

Electric-vehicle startups from Nikola to Lordstown Motors were set on Friday to extend a blistering rally in their shares that has put the cash-strapped companies on track for hefty weekly gains. The winning streak has come without any apparent news or catalyst for the companies, leading several analysts and traders to point to a potential squeeze in the highly shorted stocks.

India s biggest unicorn startups have create plenty of value for themselves they’re worth billions of dollars, they ve made the founders very rich, and they ve impacted the lives of millions of customers. But there’s another impact of big unicorn startups that often goes under the radar: how they help in the creation of other startups.

Three of the projects backed by Stellantis Ventures are launching this year, validating the fund’s mission to accelerate the deployment of innovative, customercentric mobility technologies and support Stellantis Dare Forward 2030 efforts in leading the change to more sustainable mobility and better invehicle experience for all customers.

Success stories like Mini Mines and Booksport have emerged from the ECH initiatives, showcasing the impact of this support system. Mini Mines, a startup led by RU alumnus Aravind Bharadwaj, recently received noteworthy funding of Rs50,000. They specialise in extracting precious metals, such as lithium from batteries and gold from gold wires found in phones, said a senior ECH official.

Speaking at the Annual Convocation of the Indian Institute of Management (IIM) Jammu, the minister highlighted the significant role played by Jammu & Kashmir in the agritech startup movement, particularly as the birthplace of the aroma mission and the potential for value addition to India s economy through the untapped Himalayan and ocean resources.

Electric-vehicle startups from Nikola to Lordstown Motors were set on Friday to extend a blistering rally in their shares that has put the cash-strapped companies on track for hefty weekly gains. The winning streak has come without any apparent news or catalyst for the companies, leading several analysts and traders to point to a potential squeeze in the highly shorted stocks.

The convention was inaugurated by the chief guest, Shireesh Joshi, the CBO of ONDC, who highlighted the growth of commerce in India in his opening speech. Aastha Grover, Head of Startup India, emphasised Startup India’s policies on recognising and funding Indian startups on the second day of the conference.