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IIM Bangalore incubator tops $7 billion in startup value as it turns to AI

IIM Bangalore incubator tops $7 billion in startup value as it turns to AI

Business Standard

More than 3,000 startups incubated at IIM Bangalore’s NSRCEL have created over $7 billion in value since 2000. The center now plans to use AI tools to help one million entrepreneurs. “Our vision is to create a future-ready incubator that adapts to the evolving needs of entrepreneurs,” said Rasika Prashant.

Tap to Read More16 Aug 2:21 PM
Industry seeks battery integration, policy continuity for PM Surya Ghar

Industry seeks battery integration, policy continuity for PM Surya Ghar

Business Standard

Industry leaders want battery storage integration and policy continuity for the next phase of PM Surya Ghar. Experts said, “The appropriate mix should be determined by feeder conditions, outage levels, solar penetration and local demand patterns.” This move aims to help consumers and utilities manage power demand and reduce costs.

Tap to Read More16 Aug 2:27 PM
Amber to start making Oppo, OnePlus, Realme phones in March 2027 quarter, double output in 2nd year

Amber to start making Oppo, OnePlus, Realme phones in March 2027 quarter, double output in 2nd year

Livemint

Amber Enterprises India will start making Oppo, OnePlus, and Realme phones in the March 2027 quarter. The firm expects to produce 8 million units in the first year. "We expect to begin with around 8 million units in first year," said CEO Jasbir Singh, aiming to double output later.

Tap to Read More16 Aug 2:43 PM
Land, business environment reforms key to next phase of India's growth

Land, business environment reforms key to next phase of India's growth

Business Standard

Economists said easing land acquisition and improving the business environment are key to India’s growth. In his Independence Day address on Saturday, Prime Minister Narendra Modi identified seven streams of strength to drive economic transformation. Experts believe these reforms will help the country reach its Viksit Bharat vision by 2047.

Tap to Read More16 Aug 2:58 PM
Ecommerce order volumes up 31% during Independence Day sales

Ecommerce order volumes up 31% during Independence Day sales

The Economic Times

India's ecommerce sector recorded a 31 per cent year-on-year growth in order volumes during the 2026 Independence Day sale period. Data from August 6 to 14 showed a 30 per cent jump in total sales value. Fashion led the volume, while the FMCG segment grew by nearly 100 per cent this year.

Tap to Read More16 Aug 3:07 PM
Skoda Slavia Facelift Teased Ahead of August 18 Launch: Here's What's New

Skoda Slavia Facelift Teased Ahead of August 18 Launch: Here's What's New

Firstpost

Skoda teased the Slavia facelift ahead of its August 18, 2026 launch. The new model features a fresh front grille, sporty alloy wheels, and chrome window trim. While the engines stay the same, the 1.0-litre version gets a new 8-speed gearbox. Inside, the car adds a digital driver’s display for buyers.

Tap to Read More16 Aug 12:48 PM
The right annuity option depends on who needs the income after you

The right annuity option depends on who needs the income after you

MoneyControl

Retirees must choose annuity options based on who needs income after they pass away. While a life annuity offers the highest monthly payout, it ends at death. A joint-life option supports a spouse, while return-of-purchase-price plans protect the corpus for heirs. Many people use these to secure their future.

Tap to Read More16 Aug 12:51 PM
Motor Insurance: Why Own Damage cover matters during monsoon and the add-ons you should know

Motor Insurance: Why Own Damage cover matters during monsoon and the add-ons you should know

mint

Own Damage insurance covers your vehicle against monsoon-related risks like floods and falling trees. While third-party insurance is mandatory, it does not pay for your own car repairs. Many owners skip this cover to save money, but it protects against expensive electrical damage and structural repairs during heavy rains.

Tap to Read More16 Aug 1:20 PM
Govt mandates daily LPG target of 63.81 KTPD to strengthen domestic supply

Govt mandates daily LPG target of 63.81 KTPD to strengthen domestic supply

mint

The government set a daily LPG production target of 63.81 KTPD for 24 oil companies to boost domestic supply. An order dated August 13 mandates that public and private refineries maintain this output. Officials said the move helps strengthen cooking-gas availability and reduces the country's vulnerability to sudden supply disruptions.

Tap to Read More16 Aug 1:36 PM
Mahindra bets on SML acquisition; eyes 10-12% CV market share by FY31

Mahindra bets on SML acquisition; eyes 10-12% CV market share by FY31

Business Line

Mahindra & Mahindra aims for a 10-12% commercial vehicle market share by FY31 following its SML Isuzu acquisition. Vinod Sahay said, “Many of the scale challenges which were headwinds for us start becoming our tailwind.” The company plans to use shared platforms and a wider service network to boost growth.

Tap to Read More16 Aug 11:12 AM
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