Author: News Desk
Ola CEO Acquires his Brother’s Firm AVAIL Finance Avail Finance was founded in 2017 by Ankush Aggarwal, brother of Ola CEO Bhavish, and Tushar Mehndiratt. Both Bhavish and Ankush are directors of the firm. Ola and Avail Finance also have common investors: Alpha Wave Global and Matrix Partners. Avail Finance caters to India’s blue-collared workforce who are currently underserved by organized lending institutions. It provides collateral-free personal loans of up to Rs 20,000 to meet their financial needs. According to the company, there is no interest for a personal loan of Rs 5,000 for a month. Avail Finance had been…
Reliance Capital gets 54 Prominent Bidders Reliance Capital has a consolidated debt of Rs 40,000 cr. The company has reported narrowing its consolidated net loss to Rs 1,759 crore in the quarter ended in December 2021. RBI said that the company would go for insolvency proceedings shortly. This is the third large non-banking financial company (NBFC) against which the central bank has initiated bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC). The company had said it was in the process of meeting its obligations by way of time-bound monetization of its assets. But, they failed to meet two deadlines. The…
A change is inevitable which goes on to say that tangible currency has also evolved itself into forms of crypto, NFTs, utility tokens and so forth. Channel IM bring to you the basics of what cryptocurrency and NFT is. Now what is cryptocurrency? It is an encrypted data string that denotes a unit of currency, which is monitored and organized by a peer-to-peer network called a blockchain, which also serves as a secure ledger of transactions. Unlike physical money, cryptocurrencies are decentralized, which means they are not issued by governments or other financial institutions. Cryptocurrencies are created and secured through…
Elon musk considering forming a new social media platform Minimalistic propaganda and free speech would be prioritized in his social media platform Musk tweeted that The present social media platforms undermine democracy by failing adherence to free speech Over 70% of twitter users were in agreement to the Tesla CEO’S tweet Musk suggests that there should be ways to identify authentic users from bots and troll army
Gujarat to Lay India’s First Steel Road | 1st Steel Road Laid by AMNSI in Collab with CSIR India India’s 1st steel slag road laid by AMNSI in collaboration with CSIR India Arcelormittal Nippon steel India to invest 166000 cr for national highway development Gujarat’s Surat has got the first ‘steel road’ , made up of steel waste Road research institute to transform steel waste to make durable roads They convert steel aggregate waste to natural aggregate waste Processed steel slag aggregate displays great potential as a replacement for natural construction material This new method is expected to prevent the…
Suzuki to Follow Tata Motors in Carbon Neutral | Indian EV market to Touch 150 billion by 2030 The EV market has seen a huge upsurge and most of the motor manufacturing bigshots have extended their interest in investing in Electric vehicles. The Indian EV market to touch 150 billion by 2030. The government is trying everything, from tax cuts to manufacturing incentives in the automobile sector, to kickstarting an EV revolution in the country. Hello everyone , channel IM brings to you the latest and trending news regarding the automobile industry in this segment. Suzuki has maintained a sense…
Instant Digital car finance, MG e-Pay Dreaming of buying a new MG automobile? Is finance the hindrance? MG Motor India is here with a solution! MG Motor India has partnered with ICICI Bank, HDFC Bank, Kotak Mahindra Prime and Axis Bank to offer instant financing options . Morris Garages vehicles are world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by many celebrities, including the British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. MG has launched MG e-Pay, a one-stop online car finance platform for an…
Apple plans on selling device ownership on subscription basis The rudimentary service allows big push into automatic sale renewal The auto-leasing program would be a major strategy shift for the company Apple to make Iphone and Ipad on par with Icloud and apple music The company will allow users to swap old device for new Probable launch in subscription service by 2023
‘Brute force’ allows hackers access in 6 seconds A serious threat that haunts every consumer who uses online mode for payment, is their hard earned money being stolen by unknown and untraceable sources. This usually happens if the gateway database that is in sync with the user’s card (banks) is not secure. A hacker can easily hack into the debit or credit card within 6 seconds. Hackers have programs that systematically test millions of possible passwords. Disturbed Guessing Attack The ‘Disturbed Guessing Attack’ mode of hacking, as the name suggests is when the hacker makes multiple guesses. Neither the network,…
Poonawalla’s, India’s own Vaccine Prince | Success Story of Cyrus Poonawalla & Serum Institute Serum Institute of India Ltd, started in 1966, India’s top biotech company and is listed in the top-five largest makers of vaccines in the world SII manufactures highly specialized life saving vaccines using cutting edge genetic and cell based technologies, antisera and other medical specialties with more than 1.2 billion doses annually. Recently SII took place in the headlines for making the Covidshield Vaccine. The Serum Institute of India was founded by Poonawalla in 1966, and he launched the first therapeutic tetanus serum within two years…