Message from Faculty Mentor:

"Dear Reader,

The thirty third issue of UDYOGPATRA has been

released. The members of UDDYOMI, E- Cell of

Calcutta Business School are thankful to all the

readers for their valued support.

On behalf of UDDYOMI, E-Cell of Calcutta

Business School, I thank all the members in

preparing this newsletter.

Looking forward to more participation in making

the UDYOGPATRA a great success. Hope you will

enjoy reading.”

Dr. Pinaki Ranjan

Associate Professor –

Faculty in-Charge, E-Cell

Bhattacharyya,

Marketing and

Premier Energies to set up Rs 483 crore

solar cell facility in Hyderabad

SoftBank SPAC in talks about

$2bn merger with location

start-up Mapbox

Premier Energies, a city-based leading Solar PV Cells and

Module manufacturing company, is setting up a new state-

of-the-art facility at E -City here at an investment of Rs

483 crore. The Greenfield Project, spread across 25

acres, is slated to triple Premier Energies current

capacity. The plant will produce 1.5 GW of solar cells and

modules against the current capacity of 500 MW, a

company press release said.

It is expected to be commissioned in the next two

months. Besides working towards reaching their stated

objective of cleaner air and a greener world, the new

venture will position the company amongst the top five

solar manufacturing companies in India.

A 'blank cheque' company which is set up by the

Japanese technology giant SoftBank is in talks to

merge with a start-up, which is in rivalry with the likes

of Google Maps in the clause of innovatory location

data services.

A US banking source said on Friday that the

discussions between MapBox and SVF Investment

Corp. 3 were at an advanced stage, but cautioned that

a definitive transaction could still fall apart.

Cantor Fitzgerald, Citi, Deutsche Bank, JP Morgan and

UBS, some of the big investment banks are also

understood to be engaged in the deal.

The fact, although Mapbox would be far from

surprising in choosing a SPAC (Special Purpose

Acquisition Company) to project its tenure as a

publicly traded company, the transaction would be

unusual in that SoftBank is already a shareholder in

the company through its vast Vision Fund.

ISSUE No 33 Do YoUr Task with YoUr Mask

ISSUE No 33 Do YoUR Task with YoUr Mask

.”

Zomato To Invest $100 Mn In Grofers To

Back Grocery Delivery Ambitions

Zomato’s investment is likely part of a larger financing

round and may value the Gurugram-based online

grocery firm at around $1 Bn. Grofers has reportedly

shelved its US IPO plans and will remain a private

company. While Zomato has no plans of directly

entering the online grocery space, Swiggy continues to

ramp up its online grocery business Instamart. Food

delivery giant Zomato may invest $100 Mn in online

grocery start up Grofers after talks of a possible

merger between the two fell through last year.

IPO-bound Zomato’s investment is likely part of a

larger financing round and may value the Gurugram-

based online grocery firm at around $1 Bn, sources

told ET, which first reported the development.

Mentors participating in the programme include

IndiaMart chief executive Dinesh Agarwal, Zerodha

co-founder Nikhil Kamath, BankBazaar's Adhil

Shetty

The Singapore Indian Chamber of Commerce and

Industry (SICCI) and Start-up Incubation and

Innovation Centre (SIIC) of IIT-Kanpur have come

together to provide a gateway of opportunities to

tech-based startups to usher a circular economy

and an entrepreneurial ecosystem. The SICCI-SIIC

conducted the first in a series of cross-border

collaborations on Friday under a memorandum of

understanding (MoU) signed on March 10, 2021.

The purpose of the launchpad is to encourage

startups to take advantage of the Singapore-India

trade and technology corridor. The two institutions

are collaborating to identify young, indigenous

talent to provide them with an array of incubation

services. This one-of-its-kind association will

provide startups in Singapore and India a

competitive edge in the global market.

With an array of services, both SICCI and SIIC

will promote homegrown and international initiatives

operating in the technology domain with mentorship

and access to capital. To galvanise their efforts

towards promoting indigenous innovation, SICCI-

SIIC Launchpad Competition - SICCI-SIIC

INNOVATION LAUNCHPAD - held a start-up pitch

competition on a virtual platform.

IAMAI debuts a mentoring programme

for Indian start-ups

The Internet and Mobile Association of India (IAMAI)

has launched an initiative for mentoring Indian start-

ups bringing a bunch of local entrepreneurs as mentors.

Founders such as Dinesh Agarwal (CEO, IndiaMart NSE

-2.99 %), Nikhil Kamath (Co-founder and CIO,

Zerodha), Adhil Shetty (CEO, BankBazaar), Rajesh

Magow (Group CEO of MakeMyTrip) are among the

mentors of the "Circle Program."

Mentors participating in the programme include

India-Singapore tie-up looking to

promote tech startups

Mumbai Police reminds people to stay home

with Tom and Jerry meme Since the onset of the Covid-19 pandemic last year, the

Mumbai Police's social media team has become even more

dynamic on the internet. They have been sharing

innovative posts to remind people about the importance

of wearing a face mask and staying home to control the

spread of the deadly virus.

ISSUE No 33 Do YoUr Task with YoUr Mask

Winners of Quiz: Manash Gope (batch 2020-22)

Bikash Halder (batch 2020-22)