News & Events

At the High-Level Working Group Meeting of Commonwealth Finance Ministers, finance ministers from multiple Commonwealth nations advocated for a thorough revamp of the global financial framework to enhance the accessibility of development financing for vulnerable countries. In addition, they consented to appoint India and Nigeria as the chair and deputy chair, respectively, of the Finance Ministers Working Group for a Commonwealth Call for Reform of the Global Financial Architecture. It aims to fulfil the requirements of developing nations and advance global economic stability.

Read the original article here: https://assamtribune.com/international/india-to-chair-commonwealth-working-group-on-reform-of-financial-architecture-1472062

Indian startup PredOmix develops an AI-powered blood test that can identify approximately 32 types of cancer in men and women with about 98 per cent accuracy. Based on OncoVeryx-F, a patented technology developed by the company, employs a combination of metabolomics (the study of small molecules) and artificial intelligence to detect metabolite signatures of various types of cancer in a single test.

Read the original article here: https://www.business-standard.com/companies/news/indian-startup-predomix-develops-ai-based-blood-test-to-detect-32-cancers-123041200882_1.html

Coca-Cola India is investing in Thrive, marking FMCG’s first startup investment in India. Thrive is all set to challenge Zomato and Swiggy’s duopoly in the food-ordering business. The startup is currently raising capital at a pre-money valuation of INR 104.68 crore, with Coca-Cola India acquiring a 15% stake in the Mumbai-based online food ordering and delivery platform. The timing is crucial as restaurant partners express dissent with the duopoly concerning high commissions and arm-twisting tactics.

Read the original article here: https://yourstory.com/2023/04/coca-cola-india-thrive-investment-food-ordering-startup-zomato-swiggy