Author: News Desk

Recently, Adobe acquired online design company Figma for a $20 bn cash-and-stock deal. Its founder Dylan Field got a stake worth over $2 bn in Figma post the acquisition. Both Adobe and Figma will function independently until the transactions are done. Dylan, an Ivy League dropout, will continue to lead the Figma team. He started Figma with a $100,000 grant from billionaire Peter Thiel. He became the wealthiest person to go through Thiel Fellowship. The deal is expected to close in 2023.

When it comes to electric vehicles, finding charging spots is major hurdle users face now. ChargeMOD app solves this issue by letting users charge their vehicles from the electric posts of KSEB. This is as simple as charging a mobile phone. The user will get 10 units of current with Rs 106. A venture by friends: In 2018, engineering graduate Ramanunni and his friends approached KSEB with a brilliant idea. They put forward the idea of charging stations on electric posts for two-wheelers and three-wheelers. These charging stations could be mounted on a line post. KSEB accepted the proposal and…

Aster DM Healthcare, an integrated healthcare provider, has entered the Bangladeshi market with a variety of items in the nutrition, baby care, skincare, and home healthcare areas as well as pharmaceuticals. Through its subsidiary of the UAE-based Aster Pharmacy chain, the firm has entered the Bangladeshi market. Through a franchising arrangement, GD Assist Limited will run the Aster Pharmacy segment in Bangladesh. In a statement, Aster DM stated that its most recent fiscal year saw 8 million visits to pharmacies. Aster Pharmacy said that through this long-term agreement with GD Assist, it aims to broaden its horizons beyond the UAE,…

Ola Electric to open ‘experience centres’. It is to boost its scooter sales. In India, Ola S1 Pro electric scooter is currently facing a fall in sales. Customers can walk into the centres to collect information on vehicles. They can also request test rides, purchase assistance, and after-sales support. Ola will own and operate these centres. The plan is to install more than 200 centres by March. There would be at least one store in every city.

The largest drone manufacturer in India, IdeaForge Technology Pvt., which is supported by Qualcomm Inc., is thinking about holding an initial public offering in Mumbai that might garner around $125 million. According to the sources, the company is collaborating with financial advisers on a potential offering that might take place in the first quarter of 2023. According to sources, the Mumbai-based company wants to sell shares valued at roughly $700 million, most of which may be brand-new shares.’IdeaForge plans to submit a preliminary draft prospectus to the regulatory body by December.

In the business world, Market Cap or Market Capitalization is an important tool in determining the comparative value of firms in terms of trading opportunities. Market cap means the worth of a company computed from the total value of all its shares. Let us have a look at the world’s top 10 companies based on market cap.  1. Apple The US-based Apple’s market cap is $2.53 trillion. It is the world’s leading enterprise. The multinational company offers software, consumer electronics, and online services. 2. Saudi Arabian Oil Company (Saudi Aramco) Saudi Aramco, which is based out of Saudi Arabia, holds…

In an effort to draw in Rs 94,000 crore in investment, the Cabinet on Wednesday approved a Rs 19,500 crore production linked incentive (PLI) scheme on the “national programme on high efficiency solar PV modules.” One of the advantages anticipated from the PLI programme is the installation of a manufacturing capacity of around 65,000 MW annually for completely and partially integrated solar PV modules. Anurag Thakur, the minister of information and broadcasting, provided details on the Cabinet decision, stating that the industry would provide roughly 2 lakh direct jobs. The national initiative intends to lessen import dependency in the renewable…

The aviation ministry is all set to make the sector environment-friendly. The Union Minister for Civil Aviation Jyotiraditya Scindia has said that by 2024 more than 90 airports in India will be carbon neutral. Kochi and Delhi airports are already carbon neutral. The ministry’s aim is to achieve a net zero emission status by 2030. Not only that but the number of airports will also increase from the current strength of 141 to 220 by next year. Within the last eight years, the number of airports has increased from 74 to 141. Currently, India has over 200 million domestic and…

The central bank digital currency (CBDC) is about to be launched this financial year in FY23. The introduction of a central bank digital currency will give a big boost to the digital economy. Digital currency will also help in the currency management system. CBDCs will benefit the economy with retail consumers being able to make easy, secure and fast payments. CBDCs could also be scheduled to pay taxes or make other payments to the government as a part of routine transactions.

In order to safeguard its margins as key currencies fall in value against the US dollar, Apple Inc. announced significant price increases across the board for apps and in-app purchases from Europe to Asia. The business stated in a message to developers that customers in countries that use the euro, as well as those in Sweden, Japan, South Korea, Chile, Egypt, Malaysia, Pakistan, and Vietnam, will all experience pricing increases as early as October 5. Apple claimed that the price increase in Vietnam also reflects new local tax collection procedures without going into further detail as to why it is…