Author: News Desk
According to a report by Nasscom and Boston Consulting Group, 65% of techies prefer to shift to tier 2 or tier 3 cities to save money. About 80% of the workforce prefer hybrid working model. The reason? It is a big relief to the inflation-affected Indians. It allows them to save more money. The cost of living is less in tier 2 and tier 3 cities. For instance, the cost of living in Surat is 50% lower than Mumbai. The cost of living in Kochi is 30% lower than in Chennai, says the report ‘Shaping the Future of Work in…
Sri Lanka now faces Aviation Turbine Fuel (ATF) shortage This became an opportunity for South Indian airports Especially, Thiruvananthapuram, Cochin and Chennai airports Now, many flights depend upon these airports for ATF Some are Sri Lankan Airlines, Air Arabia, Jazeera Airways, Gulf Air, and AirAsia Malaysia This gives additional revenue to oil marketing companies (OMCs) Airport operators and state governments also benefit from this And, as the crisis intensifies, more players will rely on Indian airports
Lulu Group’s mega mall opened in Lucknow, the capital of Uttar Pradesh, is the largest mall in North India. The mall has an area of 22 lakh square feet and was built at a cost of Rs 2000 crore. The mall consists of Lulu Hypermarket and Family Entertainment Zone. 15 dining restaurants, including cafes, and a food court with 25 brand outlets with a seating capacity of 1600 people. Another feature is the multi-level parking facility that can accommodate 3,000 vehicles. It also offers more than 15,000 job opportunities. There are also plans to start a PVR Super plex with…
In India’s business scenario, family-owned ventures have a great reputation. Here are a few such businesses. HCL Technologies: Reliance Industries: Mukesh Ambani now leads Dhirubhai Ambani-founded Reliance Industries. His three children – Isha, Akash, and Anant- also work alongside him. They are on the board of directors of Reliance. While Isha leads Reliance Jio and Reliance Foundation, Akash is the director and head of strategy at Reliance Jio. Wipro: Azim Premji established Wipro. Following his retirement in 2019, his son Rishad Premji became its chairperson. Tariq Premji, his other son, is the vice president of Azim Premji Endowment Fund. Piramal…
Adani’s Group plans to join the telecom spectrum race. First direct competition with Ambani. Other spectrum contenders are Jio, Airtel and Vodafone. Adani Group had obtained National Long Distance (NLD) and International Long Distance (ILD) licences. A total of 72,097.85 MHz of spectrum will be put for auction. It contains the 5G band needed for high-speed internet connectivity. The bidding will commence on July 26, 2022.
Make-in-India initiative has yielded positive results for the toy sector in the country The import of toys has declined 70% while 61% surge in exports seen in the last three years The import of toys to India has reduced from USD 371 million in the 2018-19 fiscal year to USD 110 million in the 2021-22 fiscal year This reported a decrease of 70.35% Anil Agrawal, Additional Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), highlighted the clarion call “Rebranding the Indian Toy Story”
Elon Musk terminated his $44 billion Twitter deal. He cited Twitter’s failure to act upon his request as the reason. Musk had sought information on fake accounts on Twitter. Musk’s lawyers said Twitter refused to respond to requests. It is fundamental to the company’s business performance, they said. Meanwhile, Twitter said it would go ahead with legal action. In order to enforce the merger agreement. Twitter’s chairman Bret Taylor announced on the platform.
Domestic smartphone brand Lava launches ‘Blaze’ The phone is priced at Rs 8,699 It comes with a glass back design and Android 12 It has a 13MP triple camera and 6.5-inch HD display Fingerprint sensor and face unlock feature The phone is powered by MediaTek Helio A22 Chipset It has 3GB RAM and 64GB internal storage Expandable up to 256 GB via microSD card Another feature is a 5000mAH battery with a 10W type-C fast charger Blaze will be available for online and offline sale on July 14
The Indian Railways will manufacture the Vande Bharat train wheels at its Bengaluru factory to ensure the timely execution of the project. In the Union Budget 2022-2023, Finance Minister Nirmala Sitharaman announced the development and manufacturing of 400 new Vande Bharat trains in three years. The current target is to introduce 75 trains by August 15, 2023. However, the ongoing war between Ukraine and Russia has delayed the arrival of the wheels from Ukraine, which is the largest hub of wheel manufacturing. India had placed a cumulative order for 36,000 wheels at a cost of USD 16 million. Although the…
The Taiwan-based company is also planning to set up an EV manufacturing plant in India. Modi said he welcomed the company’s plans for expanding its electronics manufacturing capacity in the country. Liu also met Akarsh Hebbar, Vedanta Group’s Global Managing Director of Display and Semiconductor Business. To discuss next steps for their proposed partnership to manufacture semiconductor chips in the country. Vedanta and Foxconn signed an MoU in February to form a joint venture company in India. Vedanta will hold 60 per cent of the equity in the JV while Foxconn will own 40 per cent.