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Founders push back on Piyush Goyal's remarks; Weaving sustainability into textiles
- US President Donald Trump unveiled tariffs described as 'kind', causing potential harm to India's GDP growth and impacting IT firms, gem and diamond industry.
- India's economic growth may slow by 20-40 basis points due to US tariffs, leading to deeper interest rate cuts by RBI.
- IT firms are preparing for impact as clients in various sectors adjust to new levies, affecting gem and diamond industry as well.
- Confidence in India's IPO pipeline remains strong amid uncertainties in various industries.
- Founders push back on Piyush Goyal's remarks towards Indian startup ecosystem, highlighting the importance of driving innovation.
- Startup Mahakumbh event saw discussions on deeptech innovation, government support, and the need for strong local champions in the internet space.
- Two textile scientists from Jiwya are working on creating a sustainable textile supply chain by leveraging India's artistic heritage.
- Jiwya's luxury fashion brand focuses on ethical handcrafted products in limited quantities, showcasing sustainability and supporting artisans.
- Floodlighting, a new dating trend, involves oversharing intimate details early on to build quick intimacy and assess compatibility.
- In the news, China imposes tariffs on US goods, Meta Platforms plans AI model release, and Amazon introduces AI-generated recaps for Kindle users.
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