The Economic Times
English EditionEnglish Editionहिन्दी
| 26 October, 2020, 08:46 PM IST | E-Paper
Search
+

    Breathe easy! Researchers develop new breath analyser test for Covid-19 with over 90% accuracy

    A person would simply have to blow into a mouthpiece connected to a 'high-precision breath sampler'.

    Foreign students show less zeal for US since Trump took over

    The session with parents fell in the chaotic first months of Donald Trump's presidency. After an inaugural address proclaiming ``America first,'' two travel bans, a suspended refugee program and hints at restricting skilled worker visas widely used by Indians, parents doubted their children's futures in the U.S.

    Nikkei falls as coronavirus resurgence in Europe hits sentiment

    All but two of the 33 sector sub-indexes on the Tokyo exchange traded lower, with real estate, pharmaceuticals and land transport leading the decline on the main bourse.

    Pivot is not just a startup word anymore

    The staggering impact of COVID-19 has unleashed a wave of innovation and witnessed the birth of new ideas across the innovation landscape.

    Indian start-up claims IoT-enabled smart mask can protect against Covid, monitor Oxygen levels

    The system can be activated remotely using IoT Mobile applications.

    Coronavirus-fueled uncertainty could accelerate the consolidation of flexible office spaces

    While a large operator like RMZ is exiting the business, global major WeWork plans to expand as per client specifications only for some time. Awfis and Smartworks have also slowed down the pace of expansion as they continue to study the evolving market dynamics.

    Budding companies face tough task overcoming pandemic, recession despite easy fundings

    A recession amid a pandemic may seem like the worst time to start a business. Despite millions of loans and grants from federal and state governments, it's estimated that hundreds of thousands of companies have already failed since the virus outbreak began.

    Pandemic outside, paradise inside: How India's super-rich are dealing with COVID-19

    Amid work from home, their mega closets gather dust as loungewear becomes the new suits. Understandably, those periodic shopping trips overseas are off bounds. The summer skiing trips to the Swiss Alps have been cancelled. The coronavirus has been truly democratic in its rage, not sparing even the rarefied and gilded world of India’s super-rich.

    Japanese startup creates "connected" face mask for coronavirus new normal

    Donut Robotics' engineers came up with the idea for the mask as they searched for a product to help the company survive the pandemic.

    Centre to map out cold chain storage facilities in preparation for COVID-19 vaccine delivery

    A national expert group is talking to public and private sector entities in the pharmaceutical sector, food processing industry and agro businesses as well as food delivery start-ups such as Swiggy and Zomato to identify cold storages or fridges at the taluka level that can stock and distribute the vaccine.

    Startups race to develop tech that can clear workplaces of Covid

    In the spring, the Smithfield plant in Sioux Falls became the number one virus hotspot in America, with a cluster of 644 confirmed cases among employees and people they were in contact with.

    Startup seeks approval for inhaler that would help smokers quit

    The coronavirus pandemic has spurred new interest in products that help users of cigarettes and vaping products quit. Some public health agencies, including the FDA, have said smoking may worsen Covid-19 outcomes.

    Muse Nanobots launches nanotech coating for textiles to inactivate coronavirus

    Muse Nanobots conducted a study with the U.S.-based Situ Biosciences, an independent product test laboratory in Chicago, to understand the effectiveness of Muse Nanobots antiviral coating on coronavirus 229E, showed that it inactivated 99.99 per cent of the coronavirus 229E within five minutes of contact time.

    Indian startups eye virtual wedding space amid coronavirus curbs

    As weddings go online amid lockdown, startups and even bigger firms are exploring virtual wedding space.

    What if the first coronavirus vaccines aren’t the best?

    Many of the vaccines at the front of the pack today try to teach the body the same basic lesson. They deliver a protein that covers the surface of the coronavirus, called spike, which appears to prompt the immune system to make antibodies to fight it off. But some researchers worry that we may be pinning too many hopes on a strategy that has not been proved to work.

    How some startups are being inventive in the face of coronavirus pandemic

    Suddenly, startups that were looking for growth avenues were scrambling for ways to survive. The smart ones, however, have learnt to adapt.

    Indian startups get creative as coronavirus crisis fuels funding crunch

    BookMyShow is promoting free-to-watch Instagram Live performances in an effort to keep its users engaged, while restaurant aggregator and food delivery firm Zomato is targeting a push into alcohol delivery.

    Coronavirus prompts layoffs at e-scooter startup Bird

    Bird recently raised hundreds of millions of dollars from investors, but is slashing costs to ensure it has enough money to keep it running through next year, according to VanderZanden.

    Lockdown: Startup to launch online funeral management service

    The objective behind this service is to provide a "one-stop solution" to the families and give them support in their hard times and help them perform the last rites in a hassle-free manner.

    IIT Madras-incubated startup comes up with coating that neutralises coronavirus

    The startup’s pilot machine can coat textiles of length up to 100 metres within a few minutes – according to them, it can deployed immediately for use.

    Coronavirus: US aid excludes startups, entrenches big tech

    The $2.2 trillion emergency relief will help many workers and businesses dealing with an unprecedented economic shutdown.

    India extends quality norms enforcement deadline for domestic toy industry to Jan 2021

    The move came in the wake of a study by the Quality Council of India (QCI) revealing that 67% of imported toys failed a testing survey, which prompted an aggressive push to produce safe toys in the country. Imports from China and Taiwan account for around 90% of the domestic toy market.

    Uttar Pradesh aims top slot in ease of doing business ranking

    "The UP government came up with new policies with focus on 'ease of doing business' particularly in food processing, electronics, textiles and pharmaceutical sectors," he said. As a result, the state jumped to number two position, from number 12, in terms of 'ease of doing business' in India, Singh added.

    Coronavirus: Startups by IIT-KGP alumni unveil tech to fight pandemic

    IIT Kharagpur alumnus Debayan Saha has collaboratively developed Airlens Minus Corona, a device which may help sanitise large areas.

    Billionaires, startups team up to fix broken Indian health care

    Shocking videos of coronavirus patients lying next to corpses in overrun hospitals and ambulances with critically-ill driving around in search of hospital beds have conferred fresh impetus to the task of rescuing Indian health care.

    Startups ask government to taken steps to flatten the coronavirus curve

    Startups like Urban Company, Bounce, Cred, Snapdeal, Unacademy, 1MG have supported the findings of the report.

    Here are the things Indians have been spending their cash on during the coronavirus pandemic

    Consumers around the world are showing an increased interest in safeguarding their health and boosting their immunity. In India, that often means ayurveda, the country’s ancient system of medicine. Here are a few of the products shoppers in the world’s biggest open consumer market have been stocking up on.

    25% of Indian startups in serious trouble if COVID-19 persists for long: Expert

    "About 25 per cent of the startups have less than six months of runway," the co-founder of IT major Infosy Ltd, told P T I. "They will be in serious trouble if the recovery does not happen in six months, it does not look like (happening within that period)."

    VR enabled startup, Proxgy, launches virtual commerce platform

    Proxgy aims to provide consumers an experience of what it feels like to navigate the real-world like a video game in a first-person view through a camera controlled option. U

    Virus disruption brings to fore big questions about luxury fashion's business model

    Should fashion weeks be dismantled and rebuilt? Are cycles of new items every six months still the best approach, at a time when garment overproduction is under scrutiny, restricted lifestyles are commonplace and runway spectacles can feel out of step in a world with different priorities? These are only a few of the uncomfortable questions.

    The end of sharing? What the pandemic means for co-living, co-working and carpooling services

    The pandemic has given rise to self prioritization and individualism. However, some aspects of the shared economy are innovating to stay relevant and succeed in the post-pandemic world.

    Startups braced for the worst. The worst never came

    Demand has surged for startups that offer virtual learning, telehealth, e-commerce, video games and streaming, and software for remote workers. Startups in areas like fitness or children’s activities also quickly adapted their offerings to go virtual.

    Abu Dhabi aims to attract skilled expats by making life cheaper

    This year’s two crises have forced many foreigners to reconsider their lives in the UAE.

    China stocks post biggest monthly rise in 17 months amid coronavirus uncertainty

    SEC gains 0.71 per cent, CSI300 up 0.84 per cent, SSEC gains 10.9 per cent in July, CSI300 up 12.8 per cent, biggest monthly rises since April 2015.

    Coronavirus will finally give artificial intelligence its moment

    Pandemic lockdowns have affected consumer behavior in ways that will spur AI’s growth and development. As consumers buy more online to avoid the new risks of shopping in stores, they are giving sellers more data on preferences and shopping habits.

    Sequoia Capital warns startups of Coronavirus ‘Black Swan’ event

    Sequoia has been a fixture of Silicon Valley for decades, helping fund generations of companies, including Apple Inc., Google, Instagram and DoorDash Inc. In 2008, the VC firm sent a similar, ominous note to founders called “RIP Good Times” during the depth of the recession.

    Chan Zuckerberg fund backs education tech startup Eruditus; valuation doubles

    The Chan Zuckerberg Initiative (CZI) confirmed it had invested in the Mumbai-based startup, without disclosing details. “Eruditus has a proven track record of increasing access to education globally in partnership with leading universities,” said Vivian Wu, managing partner, Ventures at CZI.

    From flipping burgers to baking bread, demand for robot cooks skyrockets as Covid-19 hits kitchens

    Robot food service was a trend even before the coronavirus pandemic.

    Airbnb makes tweaks to refund policy amid spread of coronavirus

    Airbnb’s policy is that all reservations are able to be canceled within 48 hours of booking for a full refund. Beyond that, it’s up to hosts to determine the refund policy, which are stated on the listings and range from flexible to strict.

    KSUM webinar to train nascent firms, investors to thrive through Covid-19

    The May 1-2 RAISE webinar will feature marquee venture capitalists, angel investors and other leading ecosystem players throwing light on the various dimensions of the stalemate .

    Japanese shares extend falls as coronavirus worries persist

    The broader Topix lost 0.33% at 1,573.85, with all but seven of the 33 sector sub-indexes on the Tokyo exchange trading in the red.

    Tracking app to thermal camera, Indian startup ecosystem is coming together to fight coronavirus

    Startup founders in India have joined hands and are taking the initiative to help the government and citizens battle the ongoing coronavirus pandemic by bringing various solutions ranging from a quarantine app to a disease-free vehicle shield.

    Govt defers global summit on AI

    RAISE 2020 summit is expected to feature some of the most exciting global startups working in AI-related fields and is expected to have multiple events, such as the AI Startup Pitchfest, AI Startup Theater and The AI Startup Awards.

    Coronavirus outbreak chills China’s red-hot home rental startups

    Before the outbreak, some rental managers were counting on a seasonal bump in business after prospective tenants return to large cities for work after the Lunar New Year Holiday. Instead, they’re now forced to cope with a decline in revenue.

    Tech startups ask workers to trade in salary for stock

    Medal is among a growing number of startups offering stock-for-salary trades to preserve cash as the tech industry reels and economic uncertainty mounts.

    More Indians in Singapore returning home due to job losses: Envoy

    "On an average, about 100 Indian nationals in Singapore continue to register daily with the High Commission here for flights back home, with over 11,000 having registered so far," Indian High Commissioner P Kumaran said on Wednesday.

    Physician engagement startup Doceree closes seed funding round of $1 million

    The New Jersey-based health-tech startup plans to utilize the funds for customer acquisition, recruiting talent, scaling up operations in India and the US and ramping up technology to further digitalize physician engagement experience, said a press statement issued by the company.

    Venture investors double their bets on faux meat startups

    This year’s biggest funding deals included Beyond Meat rival Impossible Foods Inc., which raised $500 million to support expansion of its vegan burgers, and Swedish oat-milk maker Oatly AB, which raised $200 million this month in a deal backed by Blackstone Group Inc. that values the company at $2 billion.

    What COVID-19 crisis means for India’s startup funding ecosystem in 2020

    The COVID-19 crisis has brought a change in startup investment patterns. Venture capital firms are shifting their focus from tech-centric startups to the ones operating in sectors such as FMCG, online grocery delivery, home entertainment etc.

    This 28-yr-old thanks Dame Luck for his just-acquired billionaire status

    Thomas Healy, a gearhead addict, uses a Tesla for his daily run.

    Covid-19 research: 45 Bengaluru startups working on medicine, testing methods and vaccine

    Deputy chief minister CN Ashwath Narayan on Thursday asked the IT/BT department to set up a committee at the earliest. The deputy chief minister took a decision to this effect after he visited Bengaluru Bio Innovation Centre.

    Startup executives launch Covidmaps to help users find essential products nearby

    CovidMaps.in lists details around when a store is open, what items are available and how much, safety precautions being observed, crowding, wait-times to help people get their essentials in a safe way.

    Nikkei dips on worries over rising coronavirus cases

    The benchmark Nikkei share average retreated from early slight gains and finished 0.18 per cent lower at 22,437.27, with 72 advancers against 147 decliners.

    Digitisation is the buzzword at airports in the post-Covid new normal

    Operators of India’s busiest airports are working on increased digitisation, automated systems and big data with a sharp focus on health, hygiene and social distancing norms for a new normal when the traffic surges again on the other side of the Covid-19 pandemic.

    IIT-Madras startups develop PPEs from 3D Printers and regular stationery materials

    Initial batches have been supplied in Chennai, while some were in the process of being scaled up towards mass production for use in hospitals and clinics across the country.

    Forget TikTok. China’s powerhouse app is WeChat, and its power is sweeping

    As WeChat has become ubiquitous, it has become a powerful tool of social control, a way for Chinese authorities to guide and police what people say, who they talk to and what they read.

    Delight for some, dismay for others as WFH here to stay for many companies

    The old normal has given way to the new and WFH, an acronym that was born in the lockdown and quickly became part of everyday lexicon, is here to stay, at least for the foreseeable future. As millions of professionals strive for the optimum work-life balance in extraordinary times when they have been confined to their homes, industry giants as well as start-ups have told their employees to continue to be there.

    Rebooting 101: How this founder rolled up his sleeves and got down to work

    Staying positive helped Devendra Parulekar keep his spirits up.

    Nasscom seeks relief for technology startups for business continuity

    Some of the important measures demanded from the government to help the startups include rental subsidy for workspaces used by start-ups which are regulated/owned/managed by government agencies; blanket suspension of all deadlines including tax payment deadlines and filing deadlines until at least four weeks post lifting of all city lockdown.

    View: Coronavirus could be India's black swan event

    ​​Modi demonstrated leadership by announcing a lockdown and 3 packages to help citizens & businesses to cope.

    Coming together of tech leaders to fight Coronavirus is commendable: RS Prasad

    The Action Covid Team (ACT) Grants, which is possibly a first-of-its-kind initiative globally, has already received about 40% of its target corpus, with some of the country’s top entrepreneurs also coming on board to not only provide capital, but also identify ventures that may be still at an ideation stage.

    Apps don face masks to promote healthy practices amid Covid-19

    Apna Mask initiative, an effort by StartUpVsCOVID, is promoting homemade masks and aims to drive behavioural change to ensure that people wear masks and stay protected as they step out of their homes.

    View: Design for hope amidst pandemic gloom

    Like other cities of the world, Indian cities will also remain vulnerable to threats like pandemics unless we re-innovate urban design and products having a large public interface. Making them safe and resilient is a challenge for urban planners and designers alike.

    SoftBank forecasts record losses as startup bets backfire

    Son’s conglomerate has taken one blow after another since the implosion of WeWork’s initial public offering last year and SoftBank’s subsequent bailout.

    A better work environment for sanitation workers requires mechanisation, better gear and bigger private play

    The virus will eventually be tamed. The fear of Covid-19 is already on the wane. The question is, will the newly acquired dignity that the sanitation workers enjoy outlast the pandemic? Will they still be treated with the respect they deserve when they step out of their PPE kits?

    Assam-based startup Automovill sanitizes vehicles used by govt officials

    In a statement, the company stated that Automovill's Guwahati team is sanitizing the vehicles used by the Governor, Chief Minister, Director General of police and other ministers and high-ranking officers.

    Despite challenges, Manipur's startups doing home delivery during lockdown

    Malemm, FoodWifi, Hummingbird are among the app-based startups which have been granted permission by the state government to carry out home deliveries during the lockdown to prevent spread of COVID-19.

    ByteDance investors seek to use stakes to finance TikTok bid - Sources

    ByteDance has been in talks to divest TikTok's North America, Australia and New Zealand operations to potential acquirers, including Microsoft Corp and Oracle Corp.

    Coronavirus: The biggest challenge right now is business continuity

    As the Covid-19 outbreak hits companies hard, CFOs like Vaish are bracing for what many are referring to as the toughest phase in their careers.

    How KARMIbot, others are making isolation wards robot ready

    The robot is expected to be cost-effective. Once the mould is completed and spares made available, the company will be able to manufacture one robot a day.

    This Canadian start-up used AI to track coronavirus and raised alarm days before the outbreak

    BlueDot's algorithm can sift through several news stories a day in order to detect and monitor the spread.

    DPIIT, Startup India seek innovative solutions from startups to fight Covid-19 crisis

    It said that the challenge is open to all startups, companies, and innovators - whose innovation can plug the gap between the demand and supply of essential medical items to fight the Covid-19 outbreak.

    Can stem cells treat Covid-19? There’s hope

    As the global race for vaccine or a treatment for Covid-19 reaches a frantic pace, stem cell treatment is the latest to throw its hat in the ring.

    Healthcare startup Biofourmis closes $100 mln SoftBank Vision Fund 2-led round

    The strain the pandemic is placing on national healthcare systems is driving interest in technology with the potential to facilitate care automatically and remotely.

    Amid lockdown, Bengaluru startup launches online medical consultation for pets

    Floap will also launch online consultation with nutritionists, behaviourists, trainers, groomers and other pet care providers in the near future.

    Robots vs humans: Brothers in arms only till the coronavirus crisis lasts

    While robots keep operations running, workers can see them as a risk to their jobs.

    Minister Sudhakar launches AI-driven movable hospitals to deal with Covid-19

    Artificial intelligence (AI) has the potential to transform healthcare, the Minister said launching the product developed by the Bengaluru-based health-tech startup, and urged startups to focus on developing low-cost solutions so that healthcare becomes both accessible and affordable to masses.

    SoftBank falls most in 7 years on concerns over coronavirus, investment in startups

    SoftBank's investments include a number of startups that are restructuring or scaling back: WeWork is recovering from its failed IPO last year, Oyo Hotels is cutting 5,000 jobs after its business in China crumbled. Uber is reducing operations and costs in search of profitability.

    Cab aggregators startup, VAOO, fires four employees amid lockdown

    The startup, which had reportedly raised $15 million from investors including Dev last year, offers free rides to users for watching targeted ads. It had claimed that some 15,000 cabs were registered with it.

    COVID-19: Silicon Valley prepares for layoffs, reduction in salary and job freeze

    M Rangaswami, well-known venture capitalist and entrepreneur, told that while the IT giants like Google and Facebook might have a different approach, many of the startups were instituting either layoffs or reduction in salary or a combination of both.

    How India's Silicon Valley saw its COVID-19 success come undone

    Two and a half months on, Bengaluru, dubbed India's Silicon Valley for its tech firms and startups, has reported more than 110,000 cases. Where its infections in early June rose by 25 a day on average, the rate is now more than 2,500. In New Zealand, the total caseload stood at 1,339 as of Aug. 25.

    Covid-19 can be a difficult time for start-ups: Aditya Ghosh's leadership tips can come in handy

    The Oyo Homes board member feels that being able to communicate honestly with people around can help.

    In the fight against Covid-19, MSMEs and startups can help each other

    Cash is king but the significance of mergers, collaborations and sector specific reforms needs to be duly recognised too if one wants to find a way forward.

    Government certifies nearly 80 Made-in-India Coronavirus testing kits

    So far largely USFDA approved kits were permitted in India due to paucity of validation and certifications labs in the country as a result of which several hundreds of applications by start-ups were stuck for approval, a senior government official said.

    Some think out of the box, hire talent as others shed

    A stream of startups has been firing employees over the past month, but a few have bucked the trend to continue hiring.

    View: The coronavirus isn't the end of your career

    If you’re in an industry directly hit by the virus, think about how your experience would be applicable to fields that have solid long-term prospects, like cybersecurity, robotics and artificial intelligence. These sectors aren’t just for coders and engineers; they need accountants, compliance officers, HR managers and communications teams.

    ‘Wait, keep your earnings going’: BigBasket’s Hari Menon’s advice to future startup founders

    Menon said that future entrepreneurs should be cautious and wait until the current situation is under control before launching something new.

    Coronavirus: Faced with an unprecedented challenge, how is India faring?

    The war against Covid-19 has also opened a battlefront elsewhere. The unprecedented 21-day lockdown has unsettled lives, halted the economy and pushed India Inc deeper into crisis even as pain on the employment front looks inevitable. These difficulties are only dwarfed by the hardships and devastation faced by millions of migrant workers and daily-wage labourers.

    As growth dips, startups shed jobs and conserve cash to stay afloat

    Startups are closely looking at all major business functions as demand dives. Some of India’s top unicorns have also stopped hiring plans and are moving talent internally.

    Permanent Work From Home for 60% Unacademy Staff

    The development, a clear stance in favour of the remote working model, comes a day after Jack Dorsey, the cofounder of Twitter, said all employees at the company have been given the option to work remotely forever.

    Can coronavirus crisis change Indian science for good?

    It's unlike software. Vaccines, drugs and medical devices cannot be churned out overnight.

    Peter Thiel-backed startup Luminar to go public in $3.4 billion merger

    The deal will be paid for with $400 million in cash from the blank-check company, as well as $170 million from other investors including Thiel, a unit of Volvo Car AB and GoPro Inc.

    Covid or not, Indians can't distance themselves from biryani

    Swiggy and Zomato data suggests Indians craved for biryani the most during lockdown.

    As virus hits travel market, a startup seeks survival tips

    The spreading coronavirus has become a watershed moment, particularly for consumer-facing industries like travel and hospitality, because of sweeping lockdowns and travel restrictions.

    Lockdown, Day 65: India faces a jobs paradox

    A United Nations University study estimates that 104 mn Indians could fall below the World Bank-determined poverty line of $3.2 a day for lower-middle-income countries but the picture of where the Indian economy is headed should be a bit clearer tomorrow when the GDP data comes out.

    The ritual handshake loses its grip In the time of coronavirus

    If handshakes are indeed injurious to health, can we dispense with the custom once and for all?

    Coronavirus' impact on India's auto sector

    COVID-19 led to supply chain disruptions and production halt in the latter half of March 2020.

    Acko, Bounce, MakeMyTrip, others hardest hit by Covid-19 turn to layoffs, salary cuts

    Cos said such measures are to keep biz running as there is no certainty to when things will be normal again

    ET GBS: Can startups navigate a Black Swan event?

    Industry experts say rocky times will separate winners and losers among startups.

    1 2 3 4 5 6 7 8 9 10
    NEXT
    The Economic Times
    BACK TO TOP