Author: News Desk

https://youtu.be/9YEZAfek3JA Moody’s says India’s economic growth is expected to rebound strongly in the next FY. The rating agency has pegged the GDP to grow at 9.3% in 2022 and 7.9% in the fiscal year 2023. Vaccination a boon The rising rate of Covid vaccination will support a sustained recovery in economic activity. Consumer demand, spending and manufacturing activity are recovering now. Trends like high commodity prices will propel significant growth in rated companies. The growing government expenditure on infrastructure will support demand for cement and steel, it said. New investments will be supported by rising consumption, domestic manufacturing etc.

https://youtu.be/R8k0PZl9uCA Over one in two Indians don’t want digital currencies to be legalised. But they support the Reserve Bank of India (RBI)  to roll out digital currency, a LocalCircles survey said.Vague idea76% want cryptocurrency ads to be put on hold till there is regulatory clarity. 71% of Indians currently have low or zero trust in foreign cryptocurrencies. 51% want the government to roll out its own digital currency and 54% of Indians don’t want the government to legalise cryptocurrency.Cryptocurrency bill On November 23rd, the Government listed “The Cryptocurrency and Regulation of Official Digital Currency Bill 2021” to be presented in the Parliament’s Winter…

https://youtu.be/c9O-vW5W7Ko Airtel has conducted India’s first 5G trial in the 700 MHz band with Nokia. The trial was held on the outskirts of Kolkata and it was the first 5G trial in East India. Airtel has been allotted test spectrum in multiple bands by the Departments of Telecommunications. This is for the validation of 5G technology and use cases. Airtel uses Nokia equipment With the use of the 700 MHz band, Airtel and Nokia were able to achieve high speed wireless broadband network coverage of 40 KM between two 3GPP standard 5G sites in real life conditions. Airtel used NokiaAirScale…

https://youtu.be/QX-CJaBFUns The successful second edition of SHE POWER held in Kozhikode allowed women entrepreneurs to understand digital skills.The programme was conducted in cooperation with the American State Department. Women entrepreneurs, MSME, Startup founders, and members of student startups participated in the event.The new industry licensing method in the paperless era has made entrepreneurship simple, said Union Bank Chief Technical Manager V.K. Adarsh. The future is of collateral-free loans and hence entrepreneurship will be easier, V.K Adarsh added. He spoke about the Stand-Up India scheme and other entrepreneurship schemes. V.K Adarsh also spoke about loans given by various banks. Kerala Startup Mission Project…

https://youtu.be/AvyddFHSbnc Google has added Malayalam and Bengali to Google News Showcase. This will help more readers access news in their language.Google’s expansionGoogle has over 60 partners representing more than 100 publications in 8 languages. We are delighted to partner with the Indian news industry, Google said in a statement.In May, Google News Showcase announced its expansion. It is an online experience and licensing programme to support news organisations and readers.Language orientedRecently, Google had announced other India specific changes  It, then, decided to add Hindi to Google Pay’s default language. In September Google had added support for Kannada, Marathi, Tamil and Telugu.…

https://youtu.be/F2AiFAAtoog Greaves Electric Mobility’s largest EV production facility has been opened. The facility in Ranipet is part of the Rs 700 crore investment roadmap laid by the firm.Electric mobility hubThe 35-acre plant would serve as an electric mobility hub for both domestic and overseas markets. The manufacturing unit will help the company expand its market share in the EV market. The production facility is part of the ‘Atmanirbhar Bharat’ campaign. The facility would have a capacity to produce 1.20 lakh units by the end of this financial year. The firm has plans to gradually enhance the production to one million units.The company…

https://youtu.be/1PR1_R6yp_g Ingka Centres has announced an IKEA-anchored mixed-use project in Gurugram. This will be IKEA’s first mall in india. Employment opportunities The firm will invest Rs 3,500 crore on the project. The construction of the mall will start in early 2022. The company expects the project to generate more than 2,500 jobs. This may fuel further growth of organised retail in India, it said. Ingka Group owns IKEA Retail and Ingka Investments Great expectations The new “meeting place” will be developed under the Livat brand. It will be a mix of hospitality, F&B, and edutainment space Peter Betzel, CEO and…

https://youtu.be/2iRYtBSC2do Meesho is finalising a financing round of nearly $1 billion. This may take its valuation to around $8 billion.Leading in social commerce spaceThe fundraising comes after the firm’s valuation doubled to $4.9 billion in September. Investors led by US asset manager Fidelity had pumped in $570 million then. In April, Meesho was valued at $2.1 billion after raising $300 million.The new round may get finalised in January. The company has doubled its numbers since its last funding round. Meesho has become a leading player in the social commerce space.

https://youtu.be/4AMgCXs8A6g Maruti Suzuki has started a vehicle scrapping and recycling facility in Noida. The facility, Maruti Suzuki Toyotsu India (MSTI), is in partnership with Japan’s Toyota Tsusho Group.Huge capacityThe facility is built with an investment of Rs 44 crore. It has an annual capacity of 24,000 end-of-life vehicles  (ELV). This is a step towards a circular economy aiming to promote organised, transparent, and environment-friendly dismantling of ELVs.The equipment used at the facility is made in India. The facility follows globally-approved quality and environment standards. They include complete solid and liquid waste management, ensuring zero discharge of liquid and gases from ELVs.National…

https://youtu.be/iTRHfS0n4EU Truecaller has achieved 300 million monthly active users.Until last year, the app had 250 Million users.India, largest marketOver 50 million new users have adopted Truecaller globally since October 2020. India is the largest market for the app with over 220 million active users. It has released new features such as Smart SMS, Inbox Cleaner, Full-Screen Caller ID etc.Truecaller was released 11 years ago. The app is now available across the world in multiple languages.