Author: News Desk

FreshToHome, an integrated online consumer brand, has raised $104 million in Series D funding. The round was led by Amazon Smbhav Venture Fund. Existing investors such as Iron Pillar, Investcorp, Investment Corporation of Dubai (the principal investment arm of the government of Dubai), Ascent Capital, and others also participated in this round. JP Morgan was the placement agent for FreshToHome for the fundraiser. New investors joining this round include E20 Investment Ltd, Mount Judi Ventures and Dallah Albaraka. Launched in 2015, FreshToHome operates in more than 160 cities in India and the UAE and offers more than 2,000 certified fresh…

CEO Mark Zuckerberg announced the launch of Meta Verified, a new paid subscription verification service, in an Instagram post. Meta platform users on Instagram and Facebook can submit an ID and receive a blue verification badge for $11.99 per month on the web and $14.99 per month on iOS. Zuckerberg said the service will launch in Australia and New Zealand this week, with other countries to follow. In the post, Zuckerberg stated that the new feature aims to increase authenticity and security across services. To demonstrate their legitimacy, Meta has historically granted verification to notable users such as politicians, executives, members of the press, and organizations. The company’s new subscription service is similar to Twitter’s most recent service, ‘Twitter Blue,’ which also grants users a verification badge for a monthly fee. According to…

MEA launches ‘mPassport Police App’ to quicken police verification for passports. Developed by the Consular, Passport, and Visa Division of the Ministry of Foreign Affairs for law enforcement, the mPassport police application is being deployed with 350 tablets for Delhi Police Special Branch staff. This employee is in charge of conducting background checks on passport applicants. The new application, developed by the Ministry of Foreign Affairs and launched in New Delhi, is expected to reduce [U1]the time it takes for police to verify passport applicants and minimize[U2] the possibility of abuse. Union Home MinisterAmit Shah unveiled the new digital service…

According to chief minister Y S Jagan Mohan Reddy, Andhra Pradesh will shortly release a new industrial policy that would put a special emphasis on fostering start-ups and port-based enterprises. Prior to the Global Investors’ Summit (GIS), which will be held in Visakhapatnam on March 3 and 4, the chief minister conducted a preliminary review meeting with senior officials of the industries department. According to a statement from the chief minister’s office, Jagan had instructed the authorities to draft the new industrial strategy in a way that would support business owners from the conception of their ideas to commissioning and…

Bill Gates revealed on LinkedIn the interview in which the two discussed the future. The AI chatbot’s first question concerned the impact of technology on the global economy and labour market over the next decade.  Bill Gates responded that there is a need to increase efficiency due to a shortage of medical and educational personnel and that he hopes that artificial intelligence (AI) will help increase efficiency. ChatGPT asked them what advice they would give to their younger selves at the start of their careers if they could go back in time.  Bill Gates replied that he was too hard on himself, that he had applied to others who worked for…

Subrahmanyam will succeed Parameswaran lyer, who will move to the United States after being appointed as Executive Director of the World Bank headquarters, Washington DC, USA. According to an official communique, the Appointments Committee has greenlit Subrahmanyam’s posting for a period of two years from the date on which he assumed charges. Meanwhile, Iyer will be replacing Rajesh Khullar – a 1988 batch IAS officer who has been repatriated to his cadre state Haryana. Subrahmanyam is a 1987 batch IAS officer of the Chhattisgarh cadre who served as the Chief Secretary of Jammu and Kashmir when the State was bifurcated into two…

RIYADH: Companies in Saudi Arabia have given huge salary hikes to their expatriate workers. This year, Saudi Arabia became the country with the highest wage increase compared to other GCC countries, with companies implementing wage increases of six to ten percent for workers. In increasing the salary of the workers, Qatar is right behind. Kuwait is lagging behind in terms of salary increases for workers. 63 percent of the companies in the GCC countries have implemented salary increases this year, while 88 percent of the companies in Saudi Arabia have implemented it. These are clarified in the survey report conducted…

Ola Electric Mobility Pvt. Ltd. and the Tamil Nadu government have signed a Memorandum of Understanding (MoU) to spend Rs. 7,614 crore on the state’s production of EVs and lithium-ion batteries. Ola Electric Mobility signed the deal through its subsidiary companies Ola Cell Technologies (OCT) and Ola Electric Technologies (OET). According to the state government, Ola Electric Technologies will invest Rs 2,500 crore in automobile manufacturing and Rs 5,114 crore in the production of lithium cells. The two plants will come up in Krishnagiri district. The company is set to begin mass production of its cells from its upcoming EV hub by 2023. “Ola will set up the world’s largest EV hub with integrated 2W, car and lithium cell Gigafactories in Tamil Nadu. Signed MoU with Tamil Nadu today. Thanks…

Indian Railways will renovate the Delhi Railway Station withmodern amenities. Delhi Junction (Old Delhi Railway Station) will be transformed into a cutting-edge facility with many modern amenities, including luxurious sleeping areas for passengers in the near future. Ronald MacDonald Stevens[U2], who founded the East India Railway Company in 1854, had the idea for the Delhi railway station. The modest Old Delhi Railway Station opened in 1864. However, it took nearly ten years to make it available to the general public. Northern Railway’s General Manager stated that they have spent approximately Rs. 20crore on station redevelopment in the past few years.…

The world’s largest modern downtown, known as New Murabba, will soon be located in Riyadh, according to Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz. The project, which is expected to be finished by 2030, will be included to the kingdom’s list of 15 impending megaprojects that are expected to fundamentally alter the country. As part of Saudi Vision 2030, the New Murabba Development Company (NMDC) was established with the goal of creating the largest contemporary downtown in the world in Riyadh. The establishment of NMDC is a component of PIF’s plan to diversify Saudi Arabia’s income streams while boosting local content, empowering the private sector, and advancing infrastructure development. In order…