Author: News Desk

Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Clean Technology Fund (CTF) have provided $55 million in financing to electric bus maker GreenCell Express to build 255 battery-powered electric buses (e-buses). Additionally, it will get funds totaling $325,000 from the Climate Technology Fund (CTF) and $5.2 million from the Climate Innovation and Development Fund run by Goldman Sachs and Bloomberg (CIDF). The decarbonization of 100 electric buses using solar power and battery energy storage devices will be partially funded by this CIDF grant, according to the announcement. In the states of Maharashtra, Gujarat, Uttar Pradesh, New Delhi, and…

Adani Group is surely in expansion mode. Last Wednesday, the Adani Group company acquired a 49.38 per cent equity stake in Indian Oiltanking Ltd (IOTL), which is a developer and operator of liquid storage facilities. The acquisition was for Rs 1,050 crore. A day later, the shares of Adani Ports and Special Economic Zone Ltd (APSEZ) fell over 1 per cent. APSEZ had also acquired an additional 10 per cent stake in IOT Utkal. IOT Utkal is a subsidiary of IOTL. This has made APSEZ India’s largest third-party liquid tank storage player. APSEZ’s oil storage capacity rose 200 per cent…

Indian billionaire Mukesh Ambani has reportedly entered the race to acquire the English football club Liverpool FC. After the club was put up for sale by owners Fenway Sports Group. Fenway Sports Group (FSG)had purchased the Merseyside membership in October 2010. The FSG are prepared to promote the membership for £4 billion. Ambani has a significant interest in sports in India. Reliance Industries (RIL) owns the Indian Premier League team Mumbai India and runs the football league, Indian Super League, in the country. Along with the All India Football Federation.

Elon Musk is suspicious about the identity of Twitter employeesHe reportedly asked to verify that employees were ‘real humans’Musk has been wary of bots on Twitter ever since the acquisition dealNow, he feels that some of his employees are ‘bots’He ordered a payroll audit to confirm itThis was done before giving staff their regular bonusesHe was worried that ‘ghost employees’ were still on the booksAnd, they would get money.

Tata Group plans to hire 45,000 women employees. The hiring is for the iPhone Hosur factory. The factory makes iPhone components. It will reportedly occur within 18 to 24 months. The factory already employs 10,000 workers Most of them are women. The Hosur factory pays women gross salaries of over 16,000. It is more than the industry average.

Elon Musk ends remote work option at Twitter. He sent an email asking employees to return to offices. The email was sent at 2.30 am. He asked employees to work at least 40 hours a week. Musk had removed the “days of rest” implemented by Jack Dorsey. The concept was introduced to avoid burnout among employees. Musk’s companies are known for long work hours. Musk mentioned in his mail that he would allow exemptions after reviewing the reasons. Musk cited economic crisis a reason for the change. He wants Twitter to rise advertisement revenue.

Gautam Adani faces backlash in Sri Lanka He had inked agreements to build power plants in Sri Lanka In October last year, he made a deal with the then Sri Lankan President Gotabaya Rajapaksa It was a $750 million Colombo port deal However, Sri Lankans accuse him of propagating Modi’s interests Some Lankan lawmakers have accused him of signing deals that reflect India’s interest Adani’s investments in Sri Lanka compete with Chinese-owned firms He is perceived as India’s cash cow for pushback against China However, Adani has denied the allegations

Silicon Valley has been witnessing mass layoffs for a while This year, more than 52,000 techies have been laid off in the US Many of them are struggling with H1B visa issues, too Dream 11, an Indian unicorn, has made a clarion call for those techies Harsh Jain, CEO of Dream11, asked them to return home “Help Indian Tech realise our hyper-growth potential,” he wrote on LinkedIn Mass layoffs have happened at Twitter, Netflix, Stripe, Lyft and others Inflation, rising interest rates, geopolitical issues are a few reasons

Do you want to know the top 10 startups in India in 2022? LinkedIn has prepared a list on the basis of stability in an uncertain market and innovative practices. Here are the top 10 startups of the year. Cred: The fintech firm Cred launched by Kunal Shah in 2018 is known for its unique ads and campaigns. It has introduced several initiatives for employee welfare. Some of them are ElderCare, egg freezing, and one-on-one support for mental health. UpGrad: UpGrad, started in 2015, is one of India’s largest online portals for higher education. In June, the company announced that…

The last decade has seen tremendous growth in the Indian startup ecosystem. The scenario has changed rapidly with the participation of India’s young entrepreneurs. Last year, the startup ecosystem has crossed the $13.7 billion investment mark. India has become the world’s largest base for startups. Earlier, if Indian startups used to rely on foreign pools of capital for their seed funding, the scene has changed with the advent of Indian family offices. This is a significant change. Earlier, corporate houses in India would invest their personal wealth in conventional assets like real estate, and gold. The new generation of these rich families has changed that trend. They are investing in startups.…