DPIIT signs MoU with boAt🤝
Ola Electric stock plummets 5%, RBI permits third-party UPI apps, New Year wishes, and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
“You don’t have to see the whole staircase; just take the first step.”
— Martin Luther King Jr.
Martin Luther King Jr.’s inspiring words remind us that progress doesn’t require knowing the entire path—it begins with the courage to take that first step forward.
Each step builds momentum, and the path becomes clearer as you move forward.
Tech Updates
DPIIT inks MoU with boAt to mentor startups
The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic alliance with audio and wearables player boAt to curate dedicated programs for mentoring startups, innovators, and entrepreneurs, the government said. “By connecting startups with industry tycoons like boAt, we aim to foster innovation, enhance product development, and support the establishment of globally competitive brands,” the DPIIT said in a statement.
Ola Electric stock plummets 5% as CTO, CMO resign citing personal reasons
Shares of Ola Electric Mobility fell 4.61 per cent at Rs 85.93 a piece on the BSE in Monday’s intraday trade. Ola Electric share price rose after Ola Electric announced the departure of two senior executives, Chief Marketing Officer Anshul Khandelwal and Chief Technology Officer Suvonil Chatterjee due personal reasons. Chatterjee, who joined Ola six years ago as Head of Design, was instrumental in the development of key products such as Ola Krutrim and Ola Maps. He was promoted to Chief Technology and Product Officer in 2021. Khandelwal, who became part of Ola in 2019, initially worked as Head of Marketing and Revenue at Foodpanda, which Ola acquired in 2020. He later served as Head of Marketing at Ola Foods before rising to the role of CMO at Ola Electric.
RBI permits third-party UPI apps to process payments from PPI wallets
The Reserve Bank of India (RBI) has allowed holders of full-KYC Prepaid Payment Instruments (PPIs) to conduct Unified Payments Interface (UPI) transactions via third-party applications. Previously, PPI holders could only make UPI payments using the mobile application provided by their PPI issuer. This change, announced in April, aims to enhance interoperability and user convenience in digital payments.
🎉✨ Happy New Year 2025 from Rise & Shine! ✨🎉
As the year comes to a close, we’re taking a short break to gear up for an even brighter 2025! 🌟
We’ll pause our daily updates starting tomorrow and will be back with fresh insights and updates on Tuesday, 2nd January 2025.
Thank you for being part of our journey this year. We wish you and your loved ones a year filled with joy, success, and growth! 🪄💼
Stay tuned – 2025 is going to be exciting! 🚀
✍🏻 Short Story: The Aspiring Writer
Jake had always wanted to write a novel but felt paralyzed by the enormity of the task. He worried about the plot, characters, and whether anyone would even read it.
One day, inspired by King’s quote, he wrote one page daily. Over time, those pages became chapters and eventually a completed manuscript. Jake realized that his success started not with a detailed plan but with the first word he wrote.
Tweet of the day🐥
As you begin your week, remember that taking the first step is often the hardest but most important part of any journey.
Rise & Shine reminds you that progress is made one step at a time.
Have a brave and action-filled Monday!
Thanks for reading till the end!