Wakeup! Vikram & Pragyan Rover...

Wakeup! Vikram & Pragyan Rover...

The Indian Space Research Organisation on Friday said efforts are being made to establish communication with the Vikram lander and Pragyan rover to gauge their wake-up condition. ISRO said that currently, no signals are being received from either of them, but efforts will continue. ISRO said that the lander and rover were set to sleep mode on September 4 and 3, respectively.

JP Morgan Chase & Co. to Include Indian Government Bonds in Benchmark Emerging-Market Index

JP Morgan Chase & Co. has decided to include Indian government bonds in its emerging-market index, effective from June 28, 2024. India will have a maximum weight of 19% on the index, gradually increasing over 10 months to reach 10%. This move could potentially attract billions of dollars in foreign investment to India's debt market, significantly impacting interest rates and the cost of borrowing in the country.

Ergos Raises $10 Million in Series B Funding to Digitize Grain Storage and Empower Indian Farmers

Bengaluru-based agritech startup Ergos has secured $10 million in a Series B funding round, led by Abler Nordic, with participation from existing investors Aavishkaar Capital, Chiratae Ventures, and Trivecta Venture Debt Fund. This funding comprises $7 million in equity and $3 million in debt. Ergos plans to use the capital to digitize grain storage, connect farmers with markets, and offer affordable credit. The startup, founded in 2012, digitizes grains for farmers, turning them into tradable digital assets, serving as collateral for loans from partner banks. Ergos currently supports over 160,000 farmers across multiple Indian states.

Antler India Nears ₹500 Crore First Close for Debut Pre-Seed Fund Targeting Early-Stage Indian Startups

Antler India, a pre-seed investor, is nearing the first close of its debut pre-seed fund at ₹500 crore ($75 million) out of a total target of ₹600 crore. The fund primarily focuses on the Indian market and operates independently from the global entity. It has attracted approximately ₹325 crore from domestic capital sources, including the Small Industries Development Bank of India, sovereign entities, and healthcare endowments. Antler India plans to support around 100 early-stage startups and will allocate a portion of the fund to bolster the most successful portfolio companies, with investments ranging from $200,000 to $400,000.

Swiggy Addresses Consumer Concerns Over Alleged Overcharges Due to Tech Bug

Food delivery platform Swiggy faced consumer backlash as users accused the platform of adding an extra ₹3 to their orders by rounding up the total amount. This issue emerged when a user complained about being overcharged by ₹3.09 and noticed that Swiggy's taxations were in whole figures, unlike other card transactions with paisa amounts. Several users echoed similar experiences. Swiggy acknowledged the problem, attributing it to a "tech bug." They clarified that users were not actually charged the extra amount and explained that some might see incorrect discount amounts on their order history due to the bug. Swiggy assured users that the issue had been resolved by their teams.