Author: News Desk
A demerger and IPO are planned for Jio Financial Services (JFS), a Reliance Industries unit. In a recent analysis, Macquarie Research predicted that JFS, upon listing, will grow to be India’s fifth-largest financial services company. The report indicated that JFS may rank as the fifth-largest financial services corporation in the nation with a net worth of $1 trillion, assuming a 6.1 percent interest in Reliance Industries Ltd. is eventually realised. It further emphasised how the Reliance company might undermine the payments industry and endanger other fintech models. According to Macquarie, consumer and merchant lending—the foundation of NBFCs like Bajaj Finance…
According to the OECD, India has one of the fastest growing economies in Asia with a growth rate of 6.6% this fiscal year, despite a worldwide slowdown brought on by a severe oil shock from the current Russia-Ukraine conflict. Despite slowing global demand and tightening monetary policy to combat inflationary pressures, the Organisation for Economic Cooperation and Development (OECD), a Paris-based intergovernmental organisation that focuses on economic policy, projects that India will have the second-fastest growing economy in the G20 in FY 2022–2023 behind Saudi Arabia. As exports and internal demand growth decline, the country’s GDP growth will slow to…
In response to declining personal computer demand that has reduced revenues, HP Inc. announced it will cut up to 6,000 jobs over the next three years. The fiscal year ending in October 2023 would see earnings of $3.20 to $3.60 per share, excluding certain factors, according to a statement released on Tuesday by Palo Alto, California-based HP. According to data gathered by Bloomberg, analysts had projected a share price of $3.61 on average. The amount of free cash flow will be close to $3.25 billion, which is less than anticipated. Enrique Lores, the company’s chief executive, stated in an interview…
The Department for Promotion of Industry and Internal Trade (DPIIT) has issued a call for startup applications for registration on the MAARG portal, the National Mentorship Platform by Startup India, in an effort to improve the startup ecosystem in the nation. According to officials, Startup India is focused on catalysing the startup culture and creating a robust and inclusive ecosystem for innovation and entrepreneurship in India in order to further strengthen the Indian startup ecosystem, which is now rated third largest globally. The Mentorship, Advisory, Assistance, Resilience and Growth (MAARG) portal is a one-stop platform that enables mentorship for startups…
Have you ever tried an electric toothbrush? In dental care, an electric toothbrush is a new norm. It is considered one of the easiest and best ways to maintain oral health. They are either battery-operated or rechargeable and are said to be an ideal choice for cleaning plaque. Experts say that electric toothbrushes also ensure healthier gums and prevent tooth decay. We have curated a list of the best electric toothbrushes in India for you counting factors such as comfort, movement, head type, grip, battery and cleaning modes. Check out the list to choose the best toothbrush for you. MI’s…
Apple introduces battery-saving mode in watchOS 9 The feature can be enabled manually. Use the settings menu or control centre. Alerts will be sent when the watch’s battery is 10%. Certain features will be automatically turned off. Features like ‘always on display’, ‘heart rate notifications’, ‘workout reminders’, and ‘WiFi and cellular connections.’ Apple already has an optimised battery charging feature
Maruti Alto K10 CNG launched in India It is the brand’s 13th CNG model. The Alto K10 CNG is available in a single VXi variant
The young Indian professionals who are looking for an opportunity to work in the UK can be glad now. UK Prime Minister Rishi Sunak has approved the UK-India Young Professionals Scheme that offers 3,000 visas for Indian professionals. Indian nationals who are between the age of 18 and 30 and have a degree can opt for this. They can live and work in the UK for two years. According to the British government, India is the first visa-national country to benefit from the scheme. The scheme will be reciprocal. It will involve British nationals living and working in India, too.…
Ever wished a robot could bring you tea and coffee? Such a robot does exist. That is Bartender Robot. As implied by the name, the Robot only makes tea and coffee upon request when working at the bar. This robotic bartender will make and deliver drinks with finesse. Robot bartenders are considered service robots. Today, bartender robots are available from all the top robotics companies in the world. Robots can process orders, take retail orders, and provide information. And businesses assert that they can engage customers in real ways. Bartender robots have been introduced by Makr Shakr, YANU.ai, cecilia.ai, and…
The bilateral relationship between India and Australia would grow in the future as the Australian Parliament recently passed an interim trade deal with India. The Economic Cooperation and Trade Agreement (ECTA) is expected to enhance exports of Indian products like textiles, pharmaceuticals, as well as gems and jewellery. According to Australian Prime Minister Anthony Albanese, the new trade agreements will strengthen the bond between the nations. It will diversify trades and bring great outcomes for Australian businesses and families. The deal would play a great role in diversifying Australia’s exports from China to India. It is to be noted that…