While around 2,500 colleges, institutes, and universities have registered for the event, the organising committee shortlisted only 200 teams to participate in the hackathon.

Several Indian Institute of Technologies (IIT) and other universities from all over India are participating in the hackathon.

The top three teams of the HackVerse will receive a cash prize of INR 75K, INR 60K, and INR 40K, respectively.

Other contests in which students can participate in this hackathon include creating an application program interface (APIs) on blockchain-based technologies.

He also added that he is giving attention to the Indian startups to bring a change in the world, even though the number of Indian startups compared to the global community is less. | To read full story, visit https://startuparound.com/read/1579939308.8164449/NIT-Karnataka-Organises-Hackathon-To-Solve-Real-Word-Challenges?ref=audio_experience

Now, after five months, the government has decided to restore the mobile internet at a 2G speed from today (January 25).

The government had initially restored services in ten districts of Jammu and two of Kashmir — Kupwara and Bandipora.

The Jammu and Kashmir internet shutdown is said to be the longest across the world with over 174 days (till January 25, 2020).

According to Mary Meeker’s 2019 Internet Trends Report, since January 2012, there have been over 373 halts in the Indian Internet services.

Internet Trends Report also stated that Indian is leading internet shutdown incidents. | To read full story, visit https://startuparound.com/read/1579937721.7935302/J&K-Allowed-2G-Services-While-Rest-Of-India-Awaits-5G?ref=audio_experience

This could be especially useful for smaller funds (say less Rs 100 crore).

Second, they wish for rationalization of the timing of taxes on ESOPs – by which taxes are calculated only when true capital gain (as opposed to paper gains) are realized.

Both changes would improve sentiment and the viability of careers in these fields.Second, the government should make it easier for India’s massive pension funds and insurance players to invest into VC funds .

There are many entrepreneurially minded people that don’t venture out of more defined career paths because of the fear of failure.

A few of these startups would raise money and realize exits – thereby positively impacting the entire ecosystem. | To read full story, visit https://startuparound.com/read/1579935605.6516116/This-Budget,-can-we-get-India’s-massive-pension-and-insurance-players-to-invest-into-VC-funds?ref=audio_experience

But when an Indian foodtech unicorn acquires a business division of a global unicorn, it’s breaking news.

Gurugram-based foodtech startup Zomato recently acquired Uber Eats, the Indian food delivery division of Uber.

The San Francisco-based ride-hailing giant decided to sell the entity off to Zomato as the India food business did not contribute significantly to its global business.

The startup gets Uber’s delivery partners and Uber Eat’s business details, including customer information, delivery partners, and order history.

Analysts say the strength of Uber Eats’ delivery network will help Zomato grow its market share, and compete more fiercely with Swiggy nationwide. | To read full story, visit https://startuparound.com/read/1579933916.6293557/[WATCH]-The-week-that-was---from-Zomato’s-acquisition-of-Uber-Eats-to-Deepinder-Goyal's-favourite-food-delivery-app?ref=audio_experience

In a bid to bring parity in the norms of the drafted Personal Data Protection (PDP) Bill, the Joint Parliamentary Committee (JPC), who is currently reviewing the bill, has invited all the stakeholders to give feedback.

The PDP Bill was tabled in the Lok Sabha in December 2019 and was then referred to the JPC.

IFF said that the consultation will ensure that the public has a chance to give their comments on the PDP bill.

However, concerns have been raised about various norms laid out in the PDP bill.

Moreover, The Internet and Mobile Association of India (IAMAI) also said that the suggested provisions in the data protection bill raise serious concerns as some of the rules can be restrictive for service providers and enterprises. | To read full story, visit https://startuparound.com/read/1579932005.6342463/Data-Protection-Bill:-Parliamentary-Panel-Invites-Stakeholders-Feedback?ref=audio_experience

Avnish Bajaj, Co-founder and Managing Partner, Matrix Partners India, says the reason most people invest in an early stage company is because of high returns.

Valuations come in only if you are investing, and what is the value at which you are investing,” he says.

Avnish adds that valuations come in the context of the risk you are taking.

Based on this, a formula is derived, which is: Expected Return = Risk free rate + Beta * Risk premium.

Here, Risk Premium = Return expectation from the asset – Risk free rate and Beta = measure of risk in the asset,” he explains. | To read full story, visit https://startuparound.com/read/1579930206.778674/[Matrix-Moments]-Valuations-come-in-the-context-of-the-risk-you-are-taking,-says-Avnish-Bajaj-of-Matrix-Partners?ref=audio_experience

In this article, we tell you how to obtain a visa to visit Spain.

For instance, if you want to visit Spain for a vacation, it will be best for you to obtain a Schengen visa.

Cover Letter Stating Why You Want to Visit SpainYour cover letter is a document stating why you want to visit Spain.

Return Ticket ReservationTo get a Spain tourist travel visa to visit Spain, you must have a copy of your return ticket reservation.

If you need more information about obtaining a visa to visit Spain, check with the Embassy of Spain in your country. | To read full story, visit https://startuparound.com/read/1579928406.1686351/What-You-Need-to-Know-to-Visit-Spain-as-a-Tourist-–-Opportunity?ref=audio_experience

Some Of The Key Functions That NLG Serves:Building Narratives: NLG helps create compelling narratives based on data analysis by uncovering trends and patterns that may not be apparent in visualizations.

NLG And Data Visualization SoftwareTableau, Microstrategy, Qlik, SAP, Power BI, etc.

Installing an NLG plugin for a data visualization software can help businesses in various ways.

However integrating NLG technology to data visualization software delivers clear, insightful analysis in natural language, which enhances precision and clarity.

NLG In IndiaThe last few years have witnessed significant growth in the global market of NLG technology. | To read full story, visit https://startuparound.com/read/1579926607.0154197/How-NLG-Augments-Data-Visualization-Software?ref=audio_experience

We bring to you the latest edition of movers and shakers of the week in the Indian startup ecosystem.

Here’s a look at the other important movers and shakers of the weekSoftBank Appoints Manoj KohliSoftBank has appointed Manoj Kohli as India’s head.

Facebook India Announces New Marketing HeadSocial media giant Facebook has appointed Avinash Pant as the marketing director at Facebook India.

He is an alumnus of the Indian Institute of Management, Ahmedabad and will report to Ajit Mohan, vice president and managing director of Facebook India.

With close to three decades of rich experience in Fortune 100 companies, Punit was the CIO of JPMorgan. | To read full story, visit https://startuparound.com/read/1579924806.1076713/Important-Movers-And-Shakers-of-The-Week-[20-25-Jan]?ref=audio_experience

In its letter, CAIT has also asked Goyal to roll out the national ecommerce policy immediately.

“All the companies which are doing business or providing services through ecommerce are under heavy losses.

It is surprising that despite these huge losses, these companies are also still doing business continuously,” CAIT said.

National president of CAIT, BC Bhartia, and national general secretary, Praveen Khandelwal, said that CAIT is not against ecommerce.

To discuss these issues with Goyal, the CAIT is also organising a traders conference at New Delhi on January 27. | To read full story, visit https://startuparound.com/read/1579923017.717651/After-Ecommerce,-CAIT-Wants-Probes-Into-Online-Services-Over-Losses?ref=audio_experience