Author: News Desk
Indian Railways has achieved a record in terms of scrap sales, with revenue on this count in the first half of fiscal year 2022–23 standing at Rs 2,582 crore as of September 2022) as opposed to Rs 2,003 crore in the same period of the previous fiscal. The amount made from scrap sales during this time period is 28.91% larger than it was during the previous fiscal year.The goal revenue from the sale of scrap has been set at Rs 4,400 crore for the years 2022–2023, according to the Railways. In comparison to 3,60,732 metric tonnes in 2021–2022, 3,93,421 metric…
About 5.3 billion phones will be dumped in 2022. However, only a few of them will be disposed of properly. Waste Electrical and Electronic Equipment (WEEE) Forum prepared the report. This Brussels-based entity organised surveys to prove that. The organisation surveyed Portugal, Netherlands, Italy, Romania and Slovenia. It also did a separate UK Survey. The average household contains 74 e-products. They include phones, tablets, laptops, electric tools, hair dryers, toasters … etc. Of them, 13 are being hoarded. The surveys were conducted from June to September 2022.
Byju’s accounting practices are irregular, Its total loss in FY 2021 is over Rs 5,000 crore claimed senior Congress leader and Lok Sabha MP Karti Chidambaram in a letter to the Institute of Chartered Accountants of India (ICAI). He urged ICAI to investigate the company’s financial statements. Byju’s recently announced its FY21 results which saw its losses widen by nearly 20 times.
India introduces design thinking and innovation courses in schools. India is the first country to include this in the curriculum. The Central Board of Secondary Education (CBSE) will bring out books CBSE now plans to release books for classes 7 to 12. This course has already been introduced to students in Class 6 this academic year. This is an elective module CBSE, the Innovation Cell of the Education. Ministry and IIT-Bombay developed the course. The aim is to give a new perspective to education. This will inspire students to solve problems using design thinking.
GITEX GLOBAL-2022 has become the best platform for pitching and funding for startups globally. The Middle East’s largest startup pitch competition, Supernova Challenge, was held at GITEX. Desolenator, a Dutch water purification startup that has developed solar-powered water purification technology, has won the top prize of $100,000 in the Supernova Challenge. Startups from over 41 countries competed in the North Star Dubai Supernova Challenge. Oman Tech Fund Pitching Receives $1 Million in Investments for Nine Startups. Online service provider Nashid and watercraft company Seavo teletherapy platform and SgharToon won $150,000 each. The winner of the MENA Start-up Award is Galactek,…
Mark Zuckerberg, the CEO of Facebook, criticised Apple’s iMessage, for lacking compatibility across iPhones and Android smartphones. He shared a picture of a billboard advertisement from Facebook that makes fun of iMessage restrictions that cause iPhone texts to appear in blue bubbles while Android messages appear in green ones. Some users have long complained about the bad cross-device messaging experience, the poor quality compressed videos, the absence of read receipts, the issues with group texts, and the improper sending of emojis. Earlier this year, Google attacked Apple on this subject and dedicated a rare position under its search bar online.…
Reliance Jio offers the most consistent 4G services in India. Says the Mobile Network Experience Report. Jio has the highest coverage in India. Airtel provides a better experience in gaming, video streaming and download speed. Vi has the best upload speed experience. It has an average speed of 4.7 Mbps BSNL comes in the last position with 1.1 Mbps. Mobile analytics company Opensignal prepared the report. It studied BSNL, Airtel, Jio and Vi for over 90 days.
Freshot, a Bengaluru-based restaurant, has introduced an idli-making vending machine.Named idli bot or ‘idli ATM’, the system will provide 24-hour ATM-like access to idli and chutney.Idli, Vada and Podi Idli are all included in the menu.Online payments and food orders can be made by scanning the application code on the vending machine.Reports suggest that it can deliver up to 72 idlis in 12 minutes. To place an order and make a payment, simply scan the QR code located on the ATM. The food will be ready and packed in under 55 seconds after the ATM scans the resulting code that…
Rupert Murdoch wants to recombine his media empire. He is exploring options to remerge Fox Corp. and News Corp. He split the media empire in 2013 Both firms have formed special committees to study a potential deal. Both firms have changed drastically since their split. Fox now focuses on broadcasting and cable television. Meanwhile, News Corp has diversified into areas like online real estate services. Murdoch started the media empire with a single newspaper in Australia. The newspaper business collapsed with the advent of the digital age. Uniting the two profiles will broaden Murdoch’s portfolio. Fox’s mcap is about $16.7…
Supermarket chain Lulu Group International plans IPO next year. Lulu is likely to be listed on Abu Dhabi Securities Exchang.e Lulu has hired investment bank Moelis & Co for the IPO process. It is yet to confirm the amount it is planning to raise through IPO. The fund will be used for its expansion plans in existing and new markets. Lulu currently has 239 hypermarkets and supermarkets in 23 countries. It employs more than 60,000 people. Its new markets include Iraq and North Africa.