Author: News Desk
Saudi Arabia plans a new national carrierIt is likely to be named “RIA”It will be based out of the King Khalid International Airport in RiyadhThe aim is to boost tourism in the regionSaudi Arabia will require a $30 bn investment for the projectIt will create a network of over 150 routesThe focus will be on Europe, North America, South America, Africa and AsiaRIA will compete with UAE’s Emirates Airlines
https://youtu.be/XEY5vUi-NBI What can you do with coconut water? You may have many answers to it, but for entrepreneur Jacob Thundil, it is a good business idea. He became a successful entrepreneur by selling coconut water in London. A native of Kollam, Jacob studied Mechanical Engineering at TKM College, Kollam. He forayed into business with zero knowledge about marketing or branding. His UK life started as an intern at British Telecom. His career expanded through Lloyds, HSBC, Bank of Scotland, Accenture, and Standard Chartered Bank. A business trip to Brazil in 2004 changed his life. It occurred to him that he…
12,055 entrepreneurs died by suicide in 2021. It is higher than the 11,716 deaths in 2020 Says the latest data from the National Crime Records Bureau (NCRB). The suicide rate of self-employed people increased by 54% Karnataka, Maharashtra, and Madhya Pradesh saw more suicides. Tamil Nadu and Telangana were in the fourth and fifth spots. Bankruptcy and indebtedness mainly triggered suicides 70 per cent was impacted by the Covid-19 .
Mahindra Electric launches Zor Grand e-3-wheelerIt’s priced at Rs 3.6 lakh ( ex-showroom)Zor Grand has a NEMO connected vehicle platformIt is for fleet management and better operational efficiencyIt also has an all-digital instrument clusterThe vehicle has five years of warrantyIt claims a range of 100 km per chargeIt has a 6 feet loading trayIt also comes with an OE-fitted 140/170 Cu.feet delivery box
Blue Energy Motors launches LNG-fuelled truckIt is India’s first LNG-fuelled truckUnion Minister Nitin Gadkari launched its manufacturing facilityThe facility is located at Chakan in PuneThe trucks will be long-haul, heavy-duty onesThe truck is powered by FPT Industrial enginesIt is one of the most powerful natural gas engines on the marketIt is compatible with CNG, LNG, and biomethaneBlue Energy’s market entry will start with 5528 4×2 tractor
Telangana-based Skyroot raises $51 million It is the highest-ever funding for an Indian space-tech startup Singapore-based GIC led the round GIC is a long-term investment firm Skyroot can boost its launch vehicle capabilities with the funding It can tap into the global space economy Former ISRO engineers Pawan Kumar Chandana and Naga Bharat Daka founded Skyroot in 2018 Skyroot currently develops its flagship Vikram series of launch vehicles The company aims to reach the international small satellite market
Prices of electric scooters could go up by more than 10 per cent Owing to extra fire-safety norms The government mandated additional safety requirements for lithium-ion batteries To come into effect on October They are applicable to two-wheelers, three-wheelers and cars The new norms are based on the recommendations of an expert committee constituted by the Ministry of Road Transport and Highways
The IIT Bombay has launched ‘e-Yantra Innovation Challenge’ (e-YIC 2022-23) to find solutions for inclusive urban infrastructure. It is an annual competition that trains students via MOOCs. And the prevailing groups who efficiently pitch may be eligible to obtain the seed fund from a prize pool of Rs 1 crore. This year’s themes are Sustainable and Advanced Technologies for Helping Urban Inclusivity and Agriculture. According to IIT Bombay, this year’s theme offers younger minds a platform to find solutions for a better inclusive dwelling for the city populace. It takes into consideration climate alternate and higher provisions for people with…
Edtech giant Byju is on track to raise over $500 million in about a week at a valuation of around $23 billion. The company plans to use the funds for U.S. acquisitions. The company is in talks with Abu Dhabi’s Sovereign Wealth Fund (SWF) and Qatar Investment Authority (QIA) to raise US$400-500 million and US$250-350 million respectively.
The government has announced the Pradhanmantri Bhartiya Janurvarak Pariyojna (PMBJP) scheme. Under this scheme, all fertiliser products should be sold under the single “Bharat” brand from October 2. The union government has instructed all fertiliser manufacturing companies in India to follow this. However, companies have raised concerns. The companies say that it will affect the branding of their brand and rapport with farmers. Under this scheme, the government gives subsidies to fertiliser companies which in turn reach farmers. The new directions by the government instruct those who sell urea DAP(di-ammonium phosphate), NPK (nitrogen phosphorus potassium) or MOP (muriate of potash) to add the prefix “Bharat”. For instance, the products will be called Bharat Urea, Bharat DAP etc… Also, they will have…