Author: News Desk
A hundred more Adani groups might be built in India, according to billionaire businessman Gautam Adani, who is also the third-richest person in the world and the country’s richest person. He also thinks that in the decades to come, India would become an even more prosperous nation with many excellent chances. India’s moment has come, according to Gujarat-based Adani, who last year overtook Reliance Chairman Mukesh Ambani as the richest person in the country by net worth. At a celebration honouring the 75th anniversary of Palanpur’s Vidya Mandir Trust in Gujarat’s Banaskantha, 60-year-old Adani declared, “A democracy whose time has…
According to the RBI, domestic systemically important banks (D-SIBs), or organisations that are “too large to fail,” continue to include private sector lenders ICICI Bank and HDFC Bank as well as state-owned SBI. SIBs are thought of as “too large to fail” (TBTF) banks. This understanding of TBTF breeds an expectation that the government will assist these lenders when they are in trouble. As a result, these banks have an advantage in the funding markets. After being phased in beginning on April 1, 2016, the increased Common Equity Tier 1 (CET1) requirement for D-SIBs went into effect fully on April…
In the world of e-commerce, billionaire Jack Ma is a renowned and controversial figure. The English teacher-turned-entrepreneur has been under the scanner of the Chinese government ever since he passed some remarks on Chinese banking regulators. In 2019, he criticised the Chinese banking regulators for acting like ‘pawnshops.’ He disappeared from public view thereafter. Now, it’s been reported that Ma will give up control of the Ant Group where he earlier had more than 50 per cent of voting rights. What does that mean to the Ant Group and Ma? It means Ma would no longer be the ‘control person’ at the company. His shares would fall close to…
In an exclusive interview with India TV, Gautam Adani, the third-richest man in the world, stated that claims that his money was fueled by his strong ties to Prime Minister Narendra Modi were baseless because of his collaboration with numerous opposition-ruled states. “We aim to invest as much as possible in each state. The Adani Group is really pleased that it now operates in 22 states,not all are governed by the BJP. We have no issues with any state governments, as far as I know. Even in the Left-ruled state of Kerala, Mamata didi’s West Bengal, Naveen Patnaik’s Odisha, Jaganmohan…
Kalaari MD Vani Kola recently shared an amusing video on LinkedIn.The video shows a cute AI robot in action at Terminal 1 of Kempegowda International Airport in Bengaluru. The Billionaire Businesswoman found the robots quite ‘helpful’. BLRBot aka ‘Temi’ is developed by Mumbai-based Startup Artiligent Solutions.The googly-eyed robot helps passengers with basic queries such as finding boarding gates, shopping areas, and drinking water facilities.It is great to have info-bots to help people, she said.
AR Rahman announced the launch of Katraar, his metaverse platform.The project, which is currently under development, will be a reality soon. Katraar is a digital platform for independent musicians and artists.It will allow musicians and artists to list and monetise their creations in their respective areas.Rahman will also release some of his exclusive works through Katraar.The platform will be deployed on HBAR Foundation’s Hedera Network.He would bring a lot of NFTs, which are rare in art.Rahman said Katraar means ‘a group of learned people who can change the world’. “It is also tradition; it will have wisdom and vision,” he added in a short video he released on his social media pages.In his opinion, Katraar will bring in new talents and technologies and thus provide direct…
This pongal, Ajith and ilayathalapathi Vijay will compete at the box office. Globally, fans of both Ajith and Vijay are awaiting the release of the movies on January 11. Advanced booking has begun in Kerala, too. There is no doubt that Kollywood will witness the biggest clashes in its history. Varisu, starring Vijay, is directed by Vamshi Paidipally, who won the national award for Mahesh Babu-starrer Maharshi. Thunivu, featuring Ajith, is directed by H. Vinod, director of Nerkonda Paarvai, and Valimai. Manju Warrier is Ajith’s heroine in Thunivu. Her presence is an exciting factor for Malayalees. When it comes to pre-release business, Vijay’s Varisu leads with Rs 142 crores while Ajith’s Thunivu collected Rs 86 core.…
The Kerala Knowledge Economy Mission (KKEM), the flagship programme of the Kerala Development and Innovation Strategic Council (K-DISC), has won the Platinum award for its Digital Workforce Management System (DWMS) portal at the Government of India’s 2022 Digital India Awards. The award was presented at Vijnan Bhavan in New Delhi by Smt. Draupadi Murmu, the Hon’ President of India, to Dr. P. V. Unnikrishnan, Member Secretary, K-DISC, Shri P. M. Mohammed Riyas, General Manager – Skilling, KKEM, K-DISC, and Shri Ajith Kumar R, Director – Centre for Digital Innovation and Product Development, Digital University Kerala. The honour is given in…
The Government and Reserve Bank of India are in talks with South Asian countries for cross-border trade in rupee. The key aim is to learn from each other on common goals and challenges. Intra-regional trade in the South Asian region can provide growth and employment. Covid, inflation, financial market tightening, and the Russia-Ukraine war have affected South Asian economies. The RBI Governor outlined six policy priorities before the South Asian region to deal with the challenges. Growth and investment will suffer if inflation continues at high levels. Prioritising price stability may be the optimum choice for the South Asian region…
Renault is considering producing a mass-market electric vehicle in India as part of a renewed drive into a region where EV usage is anticipated to rapidly increase from a tiny base. The study by Renault shows how the French manufacturer is moving forward with its electrification goals despite ongoing negotiations with its partner Nissan Motor over funding for an EV subsidiary it intends to separate from its other businesses. It also illustrates the changing image of the Indian auto market, which in 2022 experienced the greatest growth of any significant market. EV sales were expected to make up less than…