Author: News Desk

No underlying value Reserve Bank of India Governor Shaktikanta Das has said that cryptocurrencies have no underlying value and are a threat to financial stability. “Investors in cryptocurrency should keep in mind that they are investing at their own risk. They should also keep in mind that the cryptocurrency has no underlying, not even a tulip,” the Reserve Bank of India chief said. He was referring to the Dutch tulip bulb market bubble in the 17th century. Das’s comments come days after the Indian government removed uncertainty about the legal status of crypto trading. In the union budget speech on…

Start own plant in india Union Roads and Highways Minister Nitin Gadkari has said that Tesla is welcome in India but manufacturing in China and selling in India is “not a digestible concept”. He said there has been an interaction with the India head of Tesla recently to convince them to set up their own plant here given the country is a huge market. The senior BJP leader was speaking in an interview with CNN News 18 channel. Many states had openly invited Tesla to open its manufacturing unit after Elon Musk’s tweet last month about Tesla facing problems in…

 GoodFellows, a unique firmThis is the age of startups. There are various technology and service startups in the country. But GoodFellows, a startup that is a little different in this range. Goodfellows is a companionship company. Goodfellows is a  unique non-profit start-up that holds the umbrella for friendships between generations. Although loneliness can be felt at any age, the loneliness and psychological problems faced by a large section of the elderly in the country need to be specially assessed. Good fellows are coping with this loneliness.Shantanu Naidu, Ratan Tata’s Business Assistant and Founder of Goodfellows, says his entrepreneurial journey began…

https://youtu.be/gpIYbXvsrZo Metaverse bandwagonSouth Korean gaming company Krafton is known for games such as PUBG Mobile and Battlegrounds Mobile India. It has jumped on to the Metaverse bandwagon with a virtual human modelling business. It will focus on building realistic virtual avatars that will be used inside games.Digital avatar of humansThe firm will leverage hyperrealism character production technology to create digital avatars of humans. It will also tap into artificial intelligence, text-to-speech, speech-to-text, and voice-to-face options. Krafton CEO CH Kim had said the firm will actively leverage new technologies.This will offer unique experiences to gamers and creators.

https://youtu.be/ZcqYv_0WhkI Gurugram-based Mom and Baby Care brand What about starting a venture to find suitable products for your children? That is exactly the story of Malika Datt Sadani and Mohit Sadaani, the business couple behind “The Moms Co” brand. The MBA graduates zeroed in on the idea of “The Moms Co” after realizing that their child’s skin problems needed natural and chemical-free products. The Moms Co is a mom and baby care brand that was founded in 2016. It is based in Gurugram. In 2010, Malika, who was three months pregnant, moved to London with her husband Mohit. After returning to India in 2012 with their one-year-old baby, she couldn’t…

https://youtu.be/TpM4JcFAAbs The world’s highest railway-arch bridge is over the Chenab river in Kashmir Chenab Rail Bridge is an Indian railway steel and concrete arch bridgeIt is built between Bakkal and Kauri in the Reasi district of Jammu and KashmirThe bridge will be open for rail traffic soonThe bridge is constructed at a cost of Rs 1,250 croreIt can withstand up to 8 magnitude earthquakes and high-intensity blastsThe project directed by Northern Railways was declared a national project in 2002The bridge over the river Chenab will connect the Kashmir valley to the rest of the natio

Experience 5G soon The 5G network is in the final stages of development in India, according to Ashwini Vaishnaw, the Union minister of information technology. “The country has also developed its own indigenous 4G core & radio network. The 5G network is also in its final stages of development. The country is participating today in development of 6G standards, in the thought process of 6G,” the minister said, while addressing ‘India Telecom 2022’ business expo. “Today, electronics manufacturing in India is close to $75 billion. It’s growing at more than 20% CAGR. Now, we have launched a major semiconductor programme,…

 Extremely purpose-drivenThe Internet and Mobile Association of India (IAMAI) has said that the Indian Edtech sector generated over 75,000 jobs over the past five years. Now, there are over 50,000 professionals working in the Edtech ecosystem. IAMAI’s Indian EdTech Consortium (IEC) had collected the information. IAMAI said that the EdTech sector has been working on a two-pronged approach to improve overall employability and opportunities for the Indian workforce. The sector itself has been hiring the best-in-class talent to drive business growth. At the same time, EdTech companies have also been training learners across the spectrum to secure better jobs through training…

https://youtu.be/PdOGBFi0dB4 Awareness about Angel investmentsInvestments to the tune of Rs 80 crore were announced at the 7th edition of the Seeding Kerala Summit organized by the Kerala Start-up Mission. The investment will be provided to the 15 startups shortlisted in the summit. The summit was organized to create awareness among the investors in Kerala about Angel Investments and thereby to attract investment to startup ventures.The summit which was held in hybrid mode saw participation of 46 investors from within and outside the state. The event was also attended by corporate houses, startup founders and High Networth Individuals (HNI). The Startup Mission has…

Accomadative stance Reserve Bank of India (RBI) has kept the repo rate unchanged at 4 per cent for the 10th time in a row. The central bank continued with “accommodative” stance. The reverse repo rate has also been kept unchanged at 3.35 per cent. RBI governor Shaktikanta Das said that the decision has been taken as continued policy support was warranted to support economic growth. The RBI chief stated that the GDP (gross domestic product) growth of 9.2 per cent in FY22 (2021-22) would take the economy above pre-pandemic level and projected 7.8 per cent growth for the next financial year…