Author: News Desk

Nestle hikes price due to inflation https://youtu.be/ewhCCt0Jzd4Suresh Narayanan,  Chairman Nestle India, raises concern over food and commodity inflationNestle India  reported a 3% increase in its net profit to Rs 2,144.86 croreMaggie, Nescafe, Nestle A one milk encounters impact of a 2% to 5 % price hikeHUL hikes Bru coffee and Taj mahal tea by 3.5 to 7.5%Nestle India share price rose by  0.66% making present share value at 17486.40 rsThe new rates has been implemented from  March 14, 2022

India’s Digital Economy To See Exponential Growth To $800 Billion By 2030: Finance Minister https://youtu.be/kHR80oh8yPEIndia’s digital economy will witness exponential growth to $800 bn by 2030, FM Nirmala Sitharaman saidThis surge is due to rising internet penetration and increasing incomeIndia has over 6,300 fintechs, of which 28% are into investment technology, 27% into paymentsAnd, 16% into lending and 9% into banking infrastructure, while over 20% are into other fields, the FM saidSitharaman said the combined valuation of India’s fintech industry is set to surge to $150 billion in the next three yearsShe said that majority of the startup unicorns are…

Official Appointment Of N Chandrasekharan As Air India’s New Chairman https://youtu.be/mCbgvJkyr8oNearly 2 months succeeding the takeover of Air India by Tata; they have now announced Mr Natarajan Chandrasekaran as their new chairman. Mr Natarajan Chandrasekaran an avid photographer and a passionate long-distance Runner has Marathoned his way into being the chairman of air IndiaHe also chairs the Boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, and Tata Consultancy Services (TCS) – of which he was Chief Executive Officer from 2009-17Mr Chandrasekaran was noted saying that the entire nations eyes are on them .. it is…

Women pitch start-up ideas to 11 investors at TiE The changing times have resulted in sprouting of new opportunities. Number of start-ups have increased and thus have prospective investors. These investors have a plethora of choices. Now let’s make their choices a tad easier. The solution is simple. Statistics prove women entrepreneurs show a return of 12% better overall performance return on the investment average and their start-ups have an impressive 35% higher Returns.  TiE helps in striking a proper balance and help women entrepreneurs attain full potential by exploring and engaging in business irrespective of the start-up size origin…

Automobile companies to start making flex-fuel vehicles within 6 months https://youtu.be/1KA91hrwFeMAutomobile companies will start manufacturing flex-fuel vehicles within six monthsAt Global Business Summit, Union minister Nitin Gadkari said that most vehicles in India will soon run on 100 per cent ethanolFlex-fuel or flexible fuel is an alternative fuel with a combination of gasoline and methanol or ethanolThe government is enabling the use of various alternate fuels in an effort to shift from fossil fuelsAutomobile and auto components of flex-fuel engines have been included in the PLI schemeNITI Aayog has formulated the roadmap for ethanol blending to accelerate the introduction of…

https://youtu.be/Mp1ZKFM6xQY New Yono SBIState Bank of India (SBI) is planning a separate digital entity. It will revamp its current mobile application, rechristening it ‘Only Yono’. SBI is looking to implement the revamp within 12-18 months. It includes migrating existing Yono customers to Only Yono. The platform will implement its vision for next five years from the launch of Only Yono.This move comes in the wake of Niti Aayog recently publishing a draft discussion paper on licensing of Digital Bank. This may result in a formal guideline by the RBI to establish various types of digital banks in the country.

https://youtu.be/qAYqx6rm1NM UAE and Cryptocurrency Dubai has introduced crypto asset regulation and joined the likes of Singapore, the US, UK, El Salvador which have made laws on cryptocurrency. Dubai’s ruler, Sheikh Mohammed Bin Rashid announced that the emirate has enacted its first law governing virtual assets. It has also formed an independent regulator to regulate the cryptocurrency sector. Attract new industry UAE is a federation of seven emirates and the financial powerhouse of the region. Dubai, has been pushing for the development of virtual asset regulation to attract new types of industry. The Dubai Virtual Asset Regulation Law aims to establish…

https://youtu.be/Hm4eojrxm04 Electric is future Zero 21 Renewable Energy Solutions, a Hyderabad-based startup has developed the ReNEW Conversion Kit. This e-kit will help both diesel and CNG-powered three-wheelers or auto rickshaws convert to electric. Zero 21 started developing this conversion kit in 2018. It took the firm  a couple of years to develop the kit. As a small venture they couldn’t afford to make any mistakes with their product. Initially, they sourced most major components from China. Zero 21 is one of the six manufactures enlisted by the Delhi government to convert old petrol and diesel vehicles that cannot ply on the roads into…

Sales low in February India’s top passenger vehicle makers Maruti Suzuki India and Hyundai Motor India, have posted a decline in domestic sales in the month of February, according to a report. At the same time, Mahindra and Mahindra witnessed growth. The report says that domestic sales of Maruti Suzuki India fell by 7 percent year-on-year from 1,44,761 units in February 2021 to 1,33,948 units last month. Shortage of electronic components slightly impacted the production of vehicles primarily sold in the domestic market, Maruti said. “The company took all possible measures to minimise the impact,” the Business Line reported. The…

https://youtu.be/pRoODzNc43c Paytm payments banks faces troubleRBI has barred Paytm Payments Bank from onboarding new customers with immediate effect. RBI cited supervisory concerns as the reason. The bank has been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system.Under pressureIn December last year, Paytm Payments Bank received RBI’s approval to operate as a scheduled payments bank. The bank has been included in the second schedule to the Reserve Bank of India (RBI) Act, 1934.Since listing, Paytm’s share price has been under immense pressure. Paytm Payments Bank had 64 million savings accounts as of March…