Author: News Desk
India readies to launch its own e-commerce network ‘Open Network for Digital Commerce (ONDC)’The aim is to put an end to the dominance of US companies Amazon and WalmartThe launch comes soon after India’s antitrust body raided domestic sellers of Amazon and WalmartBoth Amazon and Walmart have been accused of violating competition lawIndian retailers have accused the platforms of predatory pricingAmazon and Walmart control more than half of India’s e-commerce tradeONDC aims to onboard 30 million sellers and 10 million merchants onlineIt would focus on apps in local languages, tooSBI, ICICI Bank, and Bank of Baroda have already committed to…
In the present scenario, where everything is being digitized, companies should think beyond the traditional strategies. They should adapt themselves to the digital process. For Small Medium Businesses (SMBs), a promising sector, there are seven key strategies for sustainable business. The key strategies are: 1. Slow and steady wins the race If you’re an entrepreneur, it’s critical to execute an idea in your mind first and improvise it continuously. Rather than doing everything in one go, start small. Your thought will go through numerous phases of experimentation before it gets established. As an initial step, test it among a small…
Now, users can request Google to remove personal contact info from search resultsThis includes phone number, email address or physical addressPeople can request the removal of information that may pose an identity theft riskUsers should submit a ‘removal request’ along with all the web and image URLsOnce the request is submitted, users will get an automated confirmation mailGoogle, then, will review the content and take measures if the request meets Google’s requirementsOtherwise, Google will send a note explaining the details of denying the requestHowever, information that is broadly useful, like news articles, won’t be removedThe same applies to the public…
Airtel, Apollo Hospitals, Cisco partner for 5G connected ambulancesThe ambulances have medical equipment and patient monitoring applicationsWith this, a patient’s health data can be transmitted to the hospital in real-timeThey also have onboard cameras and Bodycams for paramedic staffParamedic staff can use the facility to connect with ER doctors at the hospitalAll are connected to the Airtel 5G networkThe ambulance’s demonstration was conducted in BengaluruThe core idea is to save a patient’s golden hour
Dr Shivdarshan Malik, a lecturer-turned-entrepreneur from Haryana, believes in the power of green energy. He believes, in order to sustain, one needs to reduce the carbon footprint. This ideology led him to his famous eco-friendly innovations – ‘Vedic Plaster’ and ‘Gocrete Bricks’. These two products, made of cow dung, soil and other natural materials, can replace concrete mixture. According to the 53-year-old professor, concrete is one of the major contributors to carbon footprint and subsequently climate change. It was his own lifestyle that motivated Dr Shivdarshan to change. He says he was aware of the carbon emission he had been…
Reliance Industries and US buyout firm Apollo Global Management plan joint bid for BootsBoots is a UK-based high street pharmacy chainThe deal would expand Boots’ presence to India, Southeast Asia and the Middle EastAs per the plan, both Reliance and Apollo would own stakes in BootsIt is not sure if the size of the stake would be the sameOwners of the UK supermarket group Asda also have made a bidThe 173-year-old Boots business has 2,200 stores across the UKIt includes pharmacies, health and beauty stores
Kerala Startup Mission (KSUM) to host Fintech summit on May 5 It will ensure that technological innovations in the state benefit rapidly from an ongoing rise in technical and financial knowhow amid economic betterment The event will be followed by a Draft Fintech Policy for Kerala for the next 10 years The Fintech Summit will feature experts-led panel discussions on eight subjects and startup pitching The event aims to build an inclusion in the fintech sector and lay the groundwork for creating an ecosystem to prepare a draft fintech policy It is in continuation with a roundtable KSUM had proposed…
Union Trade and Industry Minister Piyush Goyal urged startups to be incorporated and listed in India instead of moving to tax havens. He asked them to contact the government if they had any problems and assured them that they would try to solve the problem. Goyal was talking at the Confederation of Indian Industry (CII) Global Unicorn Summit about shaping 1,000 unicorns in New Delhi by 2030, according to a Commerce Department announcement. He also called for further strengthening of ethical and corporate governance norms in start-ups. The minister emphasized that tax evasion, data fraud and other illegal activities kill…
According to Deloitte’s ‘Women@Work 2022: A Global Outlook’ report, a significant number of female employees will resign within the next two years due to burnout and lack of flexible working hours. The report states that “massive resignation” appears to be continuing, especially among female workers. This report is based on the views of 5,000 women (including 500 in India) surveyed in 10 countries between November 2021 and February 2022. Burnout is a major factor in keeping women away from their employers, and about 40% cite burnout as the number one reason to actively seek new employers. More than half of…
Air India is planning to acquire a 100% stake in AirAsia IndiaIt has sought approval from the Competition Commission of India (CCI) for the sameAirAsia India is majority-owned by Tata Sons Pvt LtdTata Sons has a shareholding of 83.67 per centThe remaining stake is with AirAsia Investment LtdThe move must a part of the group’s efforts to consolidate its airline operationsTalace Pvt Ltd had lately acquired Air India and its low-cost subsidiary Air India ExpressTalace Pvt Ltd is a wholly-owned subsidiary of Tata Sons Pvt Ltd