Rajasthan govt sends 91 students to Silicon Valley
New Delhi: The Rajasthan government has sent 91 students under 'Student Startup Exposure Program' to Silicon Valley as part of its efforts to promote entrepreneurship in the state. As part of the two-week programme, from August 26 to September 10, the students visited Stanford University's various departments, including artificial intelligence centre, nano fabrication research centre and department of computer engineering on the first day, an official statement said. The students will also get an opportunity to learn various aspects of building a startup from renowned experts and receive mentorship to create a prototype and pitch it to prospective investors in Silicon Valley. According to the statement, during the programme, the students will also get a chance to acquire on the job training at some eminent organisations and interact with successful founders and other key professionals. 'Student Startup Exposure Program' was launched in May 2018 by the state government's Department of Information Technology and Communication. "Under this exposure program, the government has sent 91 selected students to an all-expense paid residential learning program in Silicon Valley, USA," the statement said. “This initiative... will certainly open the doors for students to make their entrepreneurship dream come true,” said Akhil Arora, Principal Secretary at the Department of IT and Communication. Arora also said that it will turn out to be a huge milestone in the startup journey of Rajasthan by bringing the young college students and the budding entrepreneurs into the ecosystem.
Petition in NClAT against Walmart-Flipkart deal
New Delhi: Traders' body CAIT on Tuesday said it has filed a petition in National Company law Appellate Tribunal (NClAT) against the Competition Commission of India's decision to approve Walmart-Flipkart deal. Confederation of All India Traders (CAIT) in its appeal said, the body has prayed for reversing the order of CCI as no opportunity of hearing was given to them. The CCI on August 8 has said that it has approved US retail giant Walmart's acquisition of Flipkart. The traders' body said it had filed detailed objection against this deal before the CCI on several grounds. “It was alleged that the proposed combination would lead to a huge degree of vertical integration in the market since Walmart is a global retail giant with its own range of multi-brand products and where the B2B market is concerned, there is a high likelihood of Flipkart and Walmart would affect other wholesalers on the platform,” it said in a statement. In the petition, CAIT said it has mentioned that CCI has in its order ignored the predatory activities carried out by both Flipkart and Walmart in the past. “The CCI, which is supposed to adjudge the likelihood of impact of a combination if it is approved on the market, completely disregarded the predatory activities undertaken by both parties in India and abroad in the past that were categorically put forth in the objections filed by CAIT," it added.