Author: News Desk
RBI Directs Bajaj Finance to Halt eCOM and Insta EMI Card Loans: A Deep Dive into Regulatory Intervention In a recent development, the Reserve Bank of India (RBI) has directed Bajaj Finance to immediately cease the sanction and disbursal of loans under its two prominent lending products, namely ‘eCOM’ and ‘Insta EMI Card.’ This move comes because of the company’s non-compliance with the digital lending guidelines set forth by the RBI. This article delves into the specifics of the directive, the regulatory framework, and the implications for Bajaj Finance. Regulatory Intervention and its Basis: The RBI, utilizing its powers under…
Kerala Capital Emerges as a Tech Hub: Huddle Global 2023 Unveils Ambitious Plans Inaugurating India’s largest beachside startup conclave, Huddle Global 2023, Chief Minister Pinarayi Vijayan announced the ambitious transformation of Kerala’s capital into a major digital hub and a premier destination for startups. The event, organized by Kerala Startup Mission (KSUM), witnessed the exchange of Memoranda of Understanding (MoUs) with Belgium and Australia, further solidifying Kerala’s position in the global startup landscape. Government’s Proactive Initiatives Fuelling Startup Growth Chief Minister Pinarayi Vijayan highlighted the state government’s proactive initiatives as the driving force behind Kerala’s emergence as a pioneer in…
Disney+ Hotstar Sets New Streaming Record with 53 million Viewers During ICC World Cup 2023 Semi-Final In a spectacular display of its streaming prowess, Disney+ Hotstar achieved an unprecedented milestone during the ICC ODI World Cup 2023 semi-final clash between India and New Zealand. With a record peak concurrency of 53 million viewers, the streaming giant shattered its own previous record, marking a significant moment in India’s booming streaming landscape. Record-Breaking Streak: Disney+ Hotstar has been on a remarkable record-breaking streak over the past month. The platform, known for offering free ad-supported streaming, not only set a record of 53…
Google Ends Unlimited WhatsApp Backups for Android Users – What You Need to Know In a recent announcement, Google has declared the end of unlimited Google Drive backups for WhatsApp on Android devices. This move will impact millions of users who have enjoyed the convenience of seamless backups since 2015. The change is set to take effect gradually, starting from December 2023 for beta users and extending to all Android users in early 2024. Since the collaboration between WhatsApp and Google in 2015, Android users have benefited from unlimited Google Drive backups. This feature allowed users to safeguard their entire…
Sundar Pichai, the CEO of Google, was called before a federal court for the second time in two weeks to provide testimony in an antitrust case that could bring down a key figure in the internet giant he helped establish. During his most recent court appearance in San Francisco, Pichai defended the business methods of the Google Play Store—which distributes apps for the company’s Android software, which powers the majority of smartphones worldwide—for more than two hours. According to available reports, Pichai appeared to be confused and annoyed by the direct questions he was asked at times. In other instances,…
The electric scooter market is experiencing a remarkable surge, with October 2023 marking a milestone as 71,604 electric vehicles were sold. A pivotal factor in this surge is the entry of new players, eager to tap into the vast and untapped market. In this article, we delve into the top-performing electric scooters of October 2023, as reported by Vahan, shedding light on their sales figures and month-on-month growth. Ola: Leading the Charge Ola emerges as the leader in electric scooter sales for October 2023, selling an impressive 22,284 units. Despite its share of challenges, Ola’s sales saw a commendable growth…
Subrata Roy, the visionary behind the Sahara Group’s expansive business empire, left an indelible mark on India’s corporate landscape. His leadership and business acumen propelled Sahara to new heights, making him a notable figure in the business world. Business Magnate and Visionary Leader: Subrata Roy’s rise to prominence was swift, earning him recognition as one of India’s most influential businessmen by India Today magazine in 2012. Under his leadership, Sahara Group became the second-largest employer in India, boasting a workforce of 1.2 million according to Time magazine in 2004. Diversified Business Ventures: Roy’s business empire extended across various sectors, including…
Even though WeWork India’s parent company filed for bankruptcy on a global scale, CEO Karan Virwani is optimistic about his company’s ability to rise above the competition. After months of conjecture, the WeWork Global company filed for Chapter 11 bankruptcy in the US, allowing for corporate restructuring and defense against demands from creditors. Also Read “WeWork India operates independently of WeWork Global, and our operations will not be affected in any manner. We will continue to hold the rights to use the brand name as part of the operating agreement, while serving our members, landlords, and partners as usual. WeWork India…
Beginning on November 16, Kerala Startup Mission (KSUM) will play host to the largest beachfront startup gathering in India, the fifth edition of Huddle Global. The three-day conference, which will include 15,000 participants, will be inaugurated by Hon. Chief Minister Shri Pinarayi Vijayan at 10 a.m. at the picturesque Adimalathura beach near Vizhinjam, according to KSUM CEO Shri Anoop Ambika during a news conference held. The event, organised in partnership with Startup India, Headstart, TiE Kerala, GTech, Startup Middle East, Habitat for Humanity and Technopark Today, will see the participation of more than 5,000 startups, 400 HNIs, 300 mentors, 200…
India’s top gas firm GAIL has done the world’s first ship-to-ship liquefied natural gas (LNG) transfer to save on shipping costs and cut emissions as the state-owned entity looks at innovative ways as a pivot to boost business, according to a PTI report citing company officials. 5.8 million tonnes of LNG—natural gas that has been supercooled to liquid—are purchased by GAIL from the US annually. This volume is transported to India by the company using LNG tankers. LNG is normally transported by ship from Sabine Pass in the United States to India via Gibraltar and the Suez Canal, covering a…