Author: News Desk
In a strategic move aimed at promoting local manufacturing, India has imposed restrictions on the import of laptops, servers, tablets, all-in-one personal computers, ultra small form factor computers, and servers. The government issued a notification stating that these products, falling under HSN 8741, will now be classified as ‘restricted’ imports. However, the import will still be permitted against a valid licensing permit, except for passengers carrying the mentioned devices in their baggage. Boosting Local Manufacturing This restriction on electronic imports comes as part of India’s ongoing efforts to boost domestic production and create a favorable environment for local businesses. Over…
Toyota Kirloskar Motor (TKM) has unveiled the highly anticipated fourth-generation Vellfire luxury MPV in India. The new model, launched in two trims – Hi and VIP Executive Lounge, is priced at Rs 1.20 crore and Rs 1.30 crore (ex-showroom) respectively. The impressive feat is the quick introduction of the 2023 Toyota Vellfire to the Indian market, a mere two months after its Japan debut in July. A Symbol of Class and Elegance Masakazu Yoshimura, MD and CEO at TKM, expresses excitement over the Vellfire’s launch, stating that the vehicle represents Toyota’s commitment to cutting-edge technology, comfort, and elegance. The introduction…
Zomato, the popular food aggregator platform, made headlines as it reported a consolidated profit after tax of Rs. 2 crore in Q1 of FY24. This marks a significant turnaround from the loss of Rs. 186 crore in the same period a year ago. Impressive Revenue Growth The Gurugram-based food delivery company witnessed a remarkable 71 percent year-on-year growth in revenue from operations, reaching Rs. 2,416 crore in Q1 FY24, up from Rs. 1,414 crore in the corresponding period last year. Ebitda Turns Positive Zomato’s adjusted earnings before interest, tax, depreciation, and amortization (Ebitda), including its quick-commerce arm Blinkit, reached a…
Located in the heart of Bengaluru, Rameshwaram Cafe has become a beloved Quick-Service Restaurant (QSR) that has captivated the taste buds and hearts of food enthusiasts citywide. Founded by the dynamic duo of Divya Raghavendra Rao and Raghavendra Rao, this unassuming eatery has gained fame for its mouthwatering South Indian cuisine. But there’s more to this cafe than meets the eye – its staggering monthly revenue of ₹4.5 crores has catapulted it to the forefront of the city’s QSR scene. A Tranquil Dining Experience Inspired by the cultural heritage and culinary delights of Rameshwaram in Tamil Nadu, Divya and Raghavendra…
Renowned actor and investor, Suniel Shetty, partners with Manun Thakur, CEO of Veda Rehabilitation & Wellness, to launch a mental health app, Lets Get Happi. The app aims to provide affordable, inclusive, and stigma-free mental health care, catering to the needs of individuals in India’s metropolitan cities. Addressing the Mental Health Gap Veda Rehabilitation & Wellness, known for its luxury rehab centers, recognizes the need for universal access to mental health support. Lets Get Happi offers 24×7 real-time therapy options, integrating in-person and online sessions to accommodate diverse needs and budgets. The app prioritizes user anonymity, providing a safe space…
A new report by McKinsey Global Institute has shed light on the potential impact of Artificial Intelligence (AI) on the job market in the US, predicting that AI could replace certain roles by 2030. The report highlights the transformational power of AI and changing consumer habits, resulting in a shift in employment opportunities across various industries, necessitating workers to find new jobs. Jobs at High Risk of AI Replacement The study identifies specific jobs that are at high risk of being replaced by AI technology. Roles involving automation, such as data collection and repetitive tasks, are expected to be replaced…
In today’s health-conscious era, self-care has become a powerful trend, opening up new avenues for entrepreneurs in the wellness industry. The demand for products that promote better health and overall well-being presents promising opportunities for those looking to establish their businesses in this space. Let’s explore some self-care business ideas that could set you on the path to success. Skincare and Beauty Services The skincare industry in the United States is thriving, offering a vast array of services. Consider starting a business in microblading or curating your own line of beauty products to cater to the growing demand for self-care…
The journey towards compassionate living is taking root across the globe, and India is no exception. The decision to transition towards a more compassionate lifestyle has been brewing for many, and the movement is gaining momentum with each passing day. With growing awareness about the impact of animal-based industries on the environment, human health, and animal welfare, more people are seeking alternatives to traditional diets. This article delves into the rise of plant-based living in India and the efforts of various entrepreneurs and organizations to provide accessible and nutritious alternatives. Plant-Based Living: A Conscious Shift The transformation to plant-based living…
The Reserve Bank of India (RBI) announced on May 19, 2023, that it would be withdrawing the Rs.2,000 banknotes from circulation. According to RBI data, as of July 31, 2023, 88% of the Rs.2,000 banknotes have been returned, amounting to Rs.3.14 lakh crore. Banks will continue to accept deposits or exchange Rs.2,000 banknotes until September 30, 2023. Step-by-Step Guide for Exchanging Rs 2,000 Banknotes For those looking to exchange Rs 2,000 banknotes, follow these steps: Step 1: Visit the nearest bank branch with the Rs 2,000 notes you wish to exchange. Step 2: Fill in the requisition slip provided by the bank,…
In a landmark move towards realizing Prime Minister Narendra Modi’s vision of establishing Global Standard Cyber Laws for India’s burgeoning $1 trillion Digital Economy and IndiaTechade, the Digital Personal Data Protection Bill (#DPDPBill) has been introduced in Parliament. Developed by the Ministry of Electronics and Information Technology (MeitY) through extensive consultations, including the active involvement of all stakeholders, including #DigitalNagriks (Digital Citizens), this bill aims to safeguard the rights of all citizens, foster innovation, and grant legitimate access to the government during national security situations and emergencies, such as pandemics and earthquakes. With its global standard, contemporary, future-ready, yet straightforward…