Author: News Desk
Indian Railway Catering and Tourism Corporation (IRCTC) is now eligible to submit an application to the Reserve Bank of India (RBI) for a licence as a payment aggregator. The Registrar of Companies, NCT, Delhi, and Haryana has granted IRCTC permission to change the Main Objects Section of the Memorandum of Association and introduce a new clause to serve as a payment aggregator. The Railway PSU is seeking a licence to operate as a payment aggregator as it prepares to enter the payments market. Industry experts claim that the India According to the Payment and Settlement System Act of 2007, all…
According to minister Narayan Rane, the Micro, Small and Medium Enterprises (MSME) sector, which accounts for one-third of India’s GDP, has room for expansion. Rane continued, saying that the nation’s youth will carry the growth and as such needed help from greater employment possibilities, education, and an entrepreneurial ecosystem. The CMD added that Maharashtra has enormous potential and has attracted funding of Rs 3.5 trillion from roughly Rs 22 trillion. According to Vinod Pandey, head of Assocham National Council on Global Value Chain, the industry employs more than half of all firms and more than 80% of all workers. He…
Ola has begun distributing pink slips to staff members working on various development teams. According to sources, ANI Technologies’ several software verticals would likely lay off at least 500 employees. Many of these workers are thought to have been engaged in various Ola app projects. The decision was made in light of the Ola Electric scooter’s falling sales. Ola has been reorganizing for the past few months. Ola introduced its electric scooter in December of last year. Due to the shutdown of the rapid commerce company Ola Dash and the pre-owned automobile business Ola Cars, the company previously let go…
Union Minister Nitin Gadkari to launch India’s first flex engine-run car. The ceremony will take place on September 28 in Delhi. Flex engine can run either on one fuel or a blended fuel. A blend of petrol and ethanol is an example. This is an alternative to the fossil fuel-driven vehicles. Flex engine-run cars can reduce air pollution.
Did you know Nokia started its business by making toilet paper? A recent tweet by Anand Mahindra lists interesting facts like this. The thread lists popular global companies and their first products. The list contains more than 10 brands. Sony started selling rice cookers, Samsung initiated the business with fruit and fish Colgate’s first product was candles and Toyota’s looms IKEA started with pens while Mahindra kicked off with steel trading Mahindra’s aim was to impart an entrepreneurial lesson to entrepreneurs He exhorted entrepreneurs to embrace change instead of resisting it
Elon Musk’s Tesla installs about 4,000 EV supercharger stations across the globe. This is to provide Tesla buyers easy access to charging stations. Moreover, Tesla has grown 34 percent YoY. In the first quarter of 2022, the Tesla stations stood at 3,724. Tesla managed to achieve this feat despite the global chip shortage. The last few years have seen charging infrastructure companies complaining about chip shortage. Tesla also witnessed a jump in the number of supercharger connectors. During Q2 2022, it stood at 36,165, representing 34.44 per cent YoY growth.
The Indian government has decided to allow the work-from-home facility in special economic zones (SEZ). Commerce and Industry Minister Piyush Goyal has announced it adding that it would create more job opportunities in small cities and raise exports of services. The ministry has received requests from many quarters to allow work from home. In July 2022, the Commerce Ministry allowed work from home in SEZs for a maximum period of one year. It could be extended to 50 per cent of the total number of employees. The new rules will let IT/ITes sector employees in SEZ units, especially those who…
According to a government announcement , Rajeev Chandrasekhar, the Minister of State for Electronics and Information Technology (MeitY), will open India’s first lithium cell manufacturing facility in Tirupati, Andhra Pradesh, tomorrow. With a 165 crore rupee investment, Chennai-based Munoth Industries Limited established the plant. It is situated in one of the two electronics industrial clusters that Prime Minister Narendra Modi established in the temple town in 2015. The factory now has a 270 Mwh installed capacity and can generate 20,000 10Ah cells per day. According to the statement, these cells are employed in power banks and have a capacity that…
In our life, not a single day goes without us listening to some sort of music. It has become a part of our lifestyle. What if music heals your mind? Sisters Kamakshi and Vishala Khurana’s startup ‘The Sound Space’ puts this idea into practice through its music-linked modules and workshops. The carefully-crafted programmes are designed for both adults and children and aim to achieve inner balance and healing. The sisters are trained in both music and psychology. The Khurana sisters say they grew up in a home filled with music. Their father was a trained musician and sound healer. They…
Nokia introduces 4G feature phone ‘Nokia 5710 XpressAudio It has in-built wireless earbuds and a 1450mAh battery The model is priced at Rs 4,999 It offers hours of talk and playback time On standby, it will last for weeks The feature phone is available in white/red and black/red colour combinations Now, it is available on the company’s official website It will come across all online and offline stores from September 19