You are currently viewing Startup news and updates: daily roundup (Aug 24, 2021)

Startup news and updates: daily roundup (Aug 24, 2021)

India can become world’s second-largest cloud talent hub: Nasscom

India has the potential to become the world’s second-largest cloud talent hub with the combined effort of government bodies, education and skilling organisations and technology providers, IT industry body Nasscom said on Monday.

Nasscom, in association with Draup, said in a report that India currently ranks third globally with an installed talent pool of 608,000 (FY2021) cloud professionals.

I-T portal glitches: FM sets Sept 15 as deadline for Infosys to resolve issues

Finance Minister Nirmala Sitharaman on Monday conveyed to Infosys CEO Salil Parekh in no uncertain terms the government’s “deep disappointment and concern” over the continuing glitches in the new income-tax filing portal and set September 15 as the deadline for the software major to resolve all snags.

As glitches continued to mar the functioning of the portal even after over two months of its launch, Sitharaman summoned Infosys MD and CEO Parekh at her office here to know the reasons for not resolving the snags in the portal.

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Finance Minister Nirmala Sitharaman (Image Source: Facebook)

” align=”center”>Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman (Image Source: Facebook)

FM announces Rs 6 Lakh Cr asset monetisation pipeline

Finance Minister Nirmala Sitharaman has announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways.

She also said the asset monetisation does not involve selling of land, and it is about monetising brownfield assets.

Projects have been identified across sectors, with roads, railways and power being the top segments.

AppsForBharat raises $4M in seed round co-led by Sequoia Capital India and BEENEXT (Funding)

Bengaluru-based AppsForBharat, a product studio focused on building apps for spiritual and devotional needs of Indian users, has raised $4 million in seed funding co-led by Sequoia Capital India and BEENEXT.

The round also saw participation from WEH Ventures. The funds will primarily be used for product development and hiring tech talent.

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