Author: News Desk
Airtel and WhatsApp to launch ‘Airtel IQ Hackathon’, an opportunity for startups to build new-age business solutions. The programme aims to identify business solutions using the WhatsApp Business platform. The focus would be on five sectors of the economy – e-commerce, ed-tech, banking and financial services, travel and tourism, and contact centre operations. The startups will receive prizes worth up to Rs 1 crore along with business mentorship and learning modules on the WhatsApp business platform. Emerging Indian startups, Independent Software Vendors (ISV), and the student community can make use of this chance. The event will also provide winners with…
Tamil Nadu-based Uzhavarbhumi, established by Vetrivel Palani and Paneerselvam in 2018, is an end-to-end milk distribution platform for consumers and distributors. The startup stands for unadulterated milk. In Tamil, Uzhavarbumi means ‘the land of farmers.’ In the initial days, Vetrivel roamed around the villages looking for distributors. Initially, farmers denied his request. However, eventually, Vetrivel’s efforts brought results. Over time, Uzhavarbumi added more farmers, expanding its business. The company procures milk from more than 2,400 cattle owners and brings it to its factory in Madurantakam, Tamil Nadu. The factory, which is spread over 55,000 sqft has two instant chillers and a processing plant spread across 15,000 sqft. The startup says mouth publicity played a crucial role…
Miami based Doroni is working on a way to “democratize flight”. Its proposed solution is the H1 personal eVTOL. The H1 is advertised as the “first sustainable, practical flying car”. It is a fully electric two-seater Flying Car. Has two sets of wings with large ducted fans ,a 500-pound payload, and wheels. The eVTOL is expected to have a range of 60 miles (96 km) per charge. The battery can be charged from 20 to 80 percent in about 20 minutes. It will also have a parachute for safety. The H1’s starting price will be $150,000.
The American business magnate Warren Buffett is an inspiration to millions. Now, social media is abuzz with a video of Buffett from 1994. The video shows his advice for investors while buying stocks, houses or businesses “Don’t ask the barber whether you need a haircut”, goes his advice. The video also features his longtime partner Charlie Munger. They share their experiences in business Buffett is seen exhorting the audience to develop their own insights. “You don’t have to do exceptional things for exceptional results,” he says. “The main thing to do is to avoid being wrong” Buffett purchased his first…
Apple Inc to focus more on India for production. It may make one out of four iPhones in India by 2025. About 5 percent of iPhone 14 production will shift to India by late 2022. About 25 per cent of all Apple products to be manufactured outside China by 2025. It is due to the geo-political tensions and pandemic restrictions. Apple started iPhone assembling in the country in 2017 via Wistron and Foxconn.
YouTube introduces advertising in Shorts. It is a new way for content creators to make money. Creators would get 45 per cent of the ad revenue. For other videos, YouTube’s standard distribution is 55 per cent. YouTube is currently facing fierce competition from TikTok. TikTok recently set aside 1 billion for creators.
The Indian government is striving to make its telecom sector the best in the world. As part of improving the digital regulatory system, the government would bring more legislation, said telecom minister Ashwini Vaishnaw. He also talked about the draft Indian Telecommunication Bill, 2022, which covers satellite-based communication services, internet-based communications, in-flight and maritime connectivity services, interpersonal communications services, and machine-to-machine communication services. The proposed bill would regulate over-the-top (OTT) communication apps like WhatsApp. It would require apps like WhatsApp and telegram to obtain a licence from the government. Currently, OTT communication apps do not require any permit. Telcos are in…
From 14 cities, Amazon has increased its four-hour delivery service for Prime members to more than 50 significant cities and towns nationwide. Amazon will ship products from a variety of categories, including wireless, consumer electronics, books, toys, media, kitchen, luxurious, sports, video games, and personal care products, among others. In 2017, Amazon debuted its same-day delivery service. Specialized facilities that carry out these orders are placed in key locations across the city to ensure prompt delivery. These specialized structures are situated nearer to clients and are optimized for quicker click-to-delivery times. According to the business, these new facilities are centrally…
As the expanding middle class in Asia’s third-biggest economy increases spending on food and drinks, Nestle SA, the world’s largest food company, will invest 5,000 crore to establish factories and research centres in India until 2025, according to chief executive Mark Schneider. Schneider, who was on a week-long visit to India, one of the top 10 markets for the Swiss company, said the increased investments will also be used to develop brands. Nestle is increasing its focus on India, the country with the strongest economic growth worldwide, as it struggles with weak demand in Western markets plagued by decades-high inflation.…
The Reserve Bank of India (RBI) recently introduced UPI Lite to take the digital payments experience to the next level. The move is expected to make digital payment more convenient to users when it comes to low-value transactions. As per the data of the National Payments Corporation of India (NPCI), low-value transactions happen more in India. With UPI Lite, users can make small-value transactions even without the internet. It will cut down the debit load on the core banking system. How to use UPI Lite? Using UPI Lite, feature phone users can access UPI networks and make digital payments straight…