Author: News Desk

According to the latest reports by Reuters, Elon Musk’s Tesla Inc has put on hold the plans to sell electric vehicles in India. The company has stopped the search for showrooms and reassigned some of its domestic team. The decision comes as Tesla could not secure lower import taxes from the Indian government. Tesla had been trying to achieve the same for more than a year. Tesla wanted to import electric vehicles from its production hubs in the United States and China at lower tariffs to India. However, the Indian government was against the idea, especially about importing electric vehicles…

RailTel has recently launched its public WiFi services scheme – Prime Minister Wi-Fi Access Network Interface (PM-WANI) – across 100 railway stations with 2,384 WiFi hotspots. These stations, which include 71 Category A1, A stations and 29 other category stations, are spread across 22 states. Puneet Chawla, Chairman and Managing Director of RailTel inaugurated the service. RailTel is a Mini Ratna PSU under the Ministry of Railways. An initiative of the Department of Telecom, it intends to connect all silo Wi-FI networks for easy use and thus increase the base of broadband usage in India. It will serve as the…

For Mukesh Ambani-led Reliance Industries, the March quarter of FY22 brought mixed feelings. Although it fought the impact of the Russia-Ukrain War and before that, the COVID- pandemic, the impact seems to have hit the company in some way. For the first time in FY22, the oil-telecom conglomerate reported a weak net profit and a fall in profitability. In the March quarter, the company registered a net profit of Rs 18,000 crore with a revenue of Rs 2.11 lakh crore. This denotes a decline of 12.25% in profit at a time when analysts expected growth of 4.7%. The revenue for…

Jet Airways has recently announced that it will hire male cabin crew after reaching a certain operational scale. According to the airline, it will operate flights with female cabin crew members in its startup phase as the airline’s crew requirements are limited. The spokesperson also said that the cabin crew applicant pool is predominantly female and the decision reflects that. Moreover, they have only a limited number of NCR-based cabin crew staff who are trained and qualified on the Boeing 737 aircraft. Many of them are former employees of the airline. Once the company reaches a certain point in the…

Semiconductor system: India has signed multiple MoUs with leading players The pacts were signed as part of the SemiconIndia 2022 held from April 29-May 1 First MoU is between SONY India and DIR-V SHAKTI Processor (IIT Madras) Second one is between ISRO Inertial Systems Unit, TVM, and DIR-V SHAKTI Processor (IIT Madras) Third MoU is between Indira Gandhi Centre for Atomic Research (IGCAR) and DIR-V SHAKTI Processor (IIT Madras) Fourth MoU is between Bharat Electronics Limited (BEL) and DIR-V VEGA Processor (C-DAC) The final one is between the Centre for Development of Telematics (C-DOT) and DIR-V VEGA Processor (C-DAC)

In India, unemployment rates shoots up to 7.83% in AprilSays the report by the Centre for Monitoring Indian EconomyLast month, it was 7.60 %The urban unemployment rate hit 9.22%It was 8.28% in MarchHowever, the rural unemployment rate went down to 7.18% from 7.29%Haryana recorded the highest rate at 34.5%Rajasthan comes next with 28.8%Slow economic recovery and rising prices caused the rise

In India, unemployment rates shoots up to 7.83% in AprilSays the report by the Centre for Monitoring Indian EconomyLast month, it was 7.60 %The urban unemployment rate hit 9.22%It was 8.28% in MarchHowever, the rural unemployment rate went down to 7.18% from 7.29%Haryana recorded the highest rate at 34.5%Rajasthan comes next with 28.8%Slow economic recovery and rising prices caused the rise

Reliance Brands is trying to open Ray-Ban branded stores in IndiaTalks are on between Reliance Brands and Italy’s Luxottica GroupReliance is planning to open both standalone stores and shop-in-shops and countersThe final franchise agreement is yet to be signedLuxottica and Reliance are yet to confirm the sameReliance Brands had earlier acquired Sunglass Hit and DLF BrandsIt acquired the India franchisee rights and an existing network of stores

It was during his days with the Indian startups, especially the defence sector, that Puneet Gupta, a sales and marketing graduate from IIM Calcutta, observed the hygiene difficulties of soldiers working in extreme weather conditions in places such as Siachin, Kargin and Drass. Gupta who gave up a career at the US-based technology and manufacturing company Honeywell to venture into the Indian startup scenario put his thinking cap and launched Clensta in 2016. Clensta has a waterless body bath and shampoo that can be used by defence personnel, patients, elderlies, and adventure enthusiasts to take baths without water while maintaining…

The Cochin Shipyard to invest an initial corpus of Rs 50 cr in maritime startupsSaid Sarbananda Sonowal, Union Minister for Ports, Shipping, and Water WaysThe Minister was attending the Golden Jubilee celebrations of Cochin ShipyardHe also unveiled the startup engagement framework of Cochin ShipyardThis would help startups work on technical, regulatory, financial and marketing perspectivesThe platform to support young, talented entrepreneursEntrepreneurs can use it to develop products/services in the marine space