Author: News Desk
It would seem that by the end of 2022 and the early 2023 there have been many global upheavals in the startup and conglomerate industry. Termination of employees in the name of productivity and efficiency seems to be the unchecked phenomenon that would guide the industrial recession and unemployment in the year 2023. OLX at the forefront of mass termination OLX is preparing for a global check of it’s employees, 800 to be exact. Shortly following it’s deactivation of OLX Autos and automobile sale platform came this decision of mass termination. Although the reason put forward is the restructuring of…
International Micro, Small, and Medium-sized Enterprises (MSME) Day is observed each year on June 27 to acknowledge the remarkable contributions of MSMEs to the world economy and shed light on the obstacles they encounter. These enterprises, characterised by their limited workforce, assets, and revenue, are the driving force behind innovation, employment generation, and sustainable development. The Power of MSMEs: MSMEs serve as the unsung heroes of global economies, comprising over 90% of businesses worldwide. Their agility and entrepreneurial spirit make them the bedrock of economic growth, stimulating competition and attracting investments that foster innovation and drive progress. Engines of Employment:…
Danske Bank Joins Forces with Infosys to Drive Digital Transformation Danske Bank has announced its collaboration with Infosys, India’s second most leading global IT company, in a bid to expedite its digital transformation initiatives. The partnership, valued at an impressive $454 million, is set to span five years, with the potential for a one-year extension, renewable up to three times, as stated by Infosys in a recent press release. Frans Woelders, the Chief Operating Officer of Danske Bank, expressed enthusiasm about the collaboration, highlighting the bank’s commitment to enhancing customer experiences and streamlining operational efficiency. Woelders emphasised the strategic investments…
India to acquire 31 armed Predator Drones from the US Formal Acquisition Process Begins: The Indian Government is preparing to initiate the acquisition process for 31 MQ-9B drones in early July. This follows the acceptance of necessity (AoN) for the deal by the defence acquisitions council led by Rajnath Singh on June 15. In the first week of July, the actionable letter of request (LoR) for the 31 drones will be sent to the US government. Induction Plans and Costing: Under the contract, the Indian Navy will induct 15 Sea Guardians, while the Indian Army and Indian Air Force will each receive eight Sky Guardians. The estimated cost of the deal stands…
Karnataka’s ‘Gruha Jyothi’ Scheme Attracts Over 51 Lakh Registrations for Free Electricity The Karnataka Government’s monumental initiative, the ‘Gruha Jyothi’ scheme, offering up to 200 units of free electricity to households, has witnessed an overwhelming response since its enrolment process began. Despite the technical difficulties concerning the online registration portal, a total of 51,17,692 consumers have successfully registered for the scheme as of June 25, according to the Energy Department. New avenues of registration As technical glitches marred the registration last week, the participation in the program dwindled. To overcome this hurdle, the Energy Department has allowed consumers to register…
Yash Pakka, an Ayodhya-based venture, is attracting a lot of attention, and let me tell you why! In this day and age, when the entire world is shifting toward a more sustainable way of life, Yash Pakka specialises in the production, distribution, and sale of compostable tableware (bowls, plates, food trays, containers) made from waste sugarcane fibre, which enables businesses to provide their customers with a safe way to eat. Yash Pakka proudly adds that, in addition to being 100% biodegradable and compostable, these can withstand microwaves, ovens, and freezers, have a sturdy design to ensure your food doesn’t fall out but are lightweight enough to…
Former cricketer and commentator Suresh Raina has taken a new path as he enters the world of gastronomy with the launch of his very own restaurant. Aptly named Raina Indian Restaurant, the eatery is located in Amsterdam and focuses on delivering authentic Indian flavours to diners. Raina personally curated the menu, infusing it with his culinary touch. Excitement on Social Media Raina took to social media to share his excitement about his latest venture. He posted a series of images showcasing the restaurant and accompanied them with an inspirational message on Instagram. He expressed his enthusiasm for bringing a culinary explosion to Amsterdam, highlighting his passion for…
In response to increasing consumer and investor demand for environmental, social, and governance (ESG) goals, companies of all sizes are placing greater emphasis on sustainability and taking action against climate change. Niche Snowboards, an environmentally friendly and zero-waste snowboard company, serves as a prime example of a small business dedicated to sustainability. Co-founders Kirsten Kolter and Ana Van Pelt discuss the role of innovation in small businesses and provide key steps for advancing sustainability efforts. The Advantage of Small Businesses in Driving Innovation Contrary to popular belief, Van Pelt highlights that small businesses possess distinct advantages when it comes to…
In a surprising turn of events, Elon Musk and Mark Zuckerberg, two prominent technology billionaires, have engaged in a playful challenge to fight each other in a cage match. The exchange took place on social media platforms, Twitter and Facebook, capturing the attention of the public and igniting debates about who would come out on top. While the exact seriousness of the challenge remains uncertain, the possibility of this highly anticipated bout has generated significant buzz and speculation among social media users. Let’s delve into the details and reactions surrounding this unexpected clash of tech titans. The Challenge Unfolds: The spectacle began when Elon Musk posted a tweet expressing his willingness to…
Indian Prime Minister Narendra Modi’s recent visit to the United States marked a significant milestone in enhancing cooperation between India and the US in the technology sector. During his meetings with top executives of leading tech giants, PM Modi aimed to strengthen ties and address regulatory challenges hindering fruitful partnerships. Let’s explore the outcomes of PM Modi’s US visit and the ‘Innovation Handshake’ with CEOs of prominent US-based technology companies. Google’s $10 Billion Investment in India: During the meeting with PM Modi, Google and Alphabet CEO Sundar Pichai announced a substantial investment of $10 billion in India’s digitization fund. Pichai praised PM Modi’s vision for Digital India, considering it a blueprint for other nations. This investment by Google signifies the company’s commitment to supporting India’s…