Author: News Desk
The pilot for the wholesale segment of the digital rupee began on November 1. According to media sources, 105 nations, accounting for 95% of the world’s GDP, were reportedly exploring CBDC as of July 2022. WHAT IS THE E-RUPEE? The digital rupee (eC), also known as the Central Bank Digital Currency (CBDC), is a digital representation of currency notes issued by the RBI. Features: To be recognised as legal cash and a means of payment by individuals, government organisations, and enterprises.Freely convertible into cash and money from commercial banks.Expected to reduce the cost of money issuance. USE OF THE E-RUPEE…
In anticipation of the upcoming Football World Cup, which will be hosted in Qatar from November 20 to December 18, football fans can raise their beer glasses in celebration of their team’s victory. Before and after games, as well as at the official FIFA Fan Festival at night, fans will be able to purchase alcohol inside the stadium complex. Budweiser with alcohol will be served “inside the stadium boundary prior to kickoff and after the final whistle,” FIFA announced. It will be sold at the FIFA Fan Festival starting at 6.30 p.m. Budweiser Zero will be available to ticket holders…
Edtech platform Byju’s has appointed celebrity footballer Lionel Messi as the first global brand ambassador of its social impact venture ‘Education For All.’ The platform propagates the concept of equitable education. Messi has entered into an agreement with Byju’s to represent this cause. Currently, ‘Education For All’ empowers about 5.5 million children. Byju’s co-founder Divya Gokulnath has said that Messi is the best choice to ensure the success of the programme. “Quality education changes lives. Byju’s has changed the career journey of millions of students globally. I believe it will inspire young minds,” Messi said. “The greatest player of all…
Two weeks before the manufacture of its first electric vehicle, the Ocean SUV, Fisker is increasing its manufacturing projection.Due to high demand in the U.S. and Europe, the carmaker now anticipates producing 42,400 Ocean SUVs by the end of 2023, up from an early prediction of 40,000. Compared to an earlier target of 50,000, the business said it has received 62,000 bookings for the $37,499 Ocean and anticipates 80,000 orders by the end of the year.Therefore, not every person who has reserved an Ocean will get one in 2023.Many of those reservations were made in August, just before the Inflation…
November is around the corner and mobile phone companies are getting ready for their new launches. In India, different companies such as Reliance Jio, Xiaomi, OnePlus, and Redmi will introduce their latest models in November. Check out the upcoming models. The much-awaited JioPhone 5G from Mukesh Ambani is said to hit the Indian market in November. It will further expand the internet revolution in India. Xiaomi will launch its 12T series in the first half of November. This latest device will have an AMOLED display and a 120W charging option. Xiaomi will also launch the Xiaomi 12 Lite NE 5G…
Lately, Russian President Vladimir Putin called Indian Prime Minister Narendra Modi a ‘true patriot.’ Putin lauded Modi for following an independent foreign policy for the welfare of his country and its people. However, the remark is not just part of the bilateral relationships, say experts. It shows that Putin is glad about India’s neutral stance in the ongoing Russia-Ukraine conflict. He praised Modi, saying that India developed a lot under his leadership and holds a great future. Putin also lauded Modi’s ‘Make in India’ initiative adding that the Russia-India association in the military and technology arenas will go on. “We…
The Qatar World Cup is around the corner. Saudi Arabia’s international ports are ready to host visitors. They are equipped with personnel and modern technical devices. Hayya Card holders will be able to travel from Nov 1 to Dec 23 from Saudi Arabia and QatarThe Hayya Passport can be registered on the Hayya PortalMeanwhile, Careen Booking has launched a $266 taxi service from Saudi Arabia to QatarCustomers can book a ride to Doha only one day in advanceThe car will accommodate up to three passengersCareem has expanded its fleet size in Qatar to meet the demandThe 2022 FIFA World Cup…
A few days ago, edtech giant Byju’s said that it laid off said 2,500 employees to achieve profitability in March 2023. There have been speculations about the firm facing troubles when Techcrunch reported Byju’s registered a 20x jump in its FY21 loss. However, Byju’s is the talk of the town again. This time, it is for an entirely different reason. The Indian startup is preparing to list its subsidiary Aakash, an offline coaching chain, in India in 2024. Byju’s says that Aakash is a profitable and strong brand that has takers in India. So, investors feel that the brand should be listed in…
An electric vehicle subscription service is offered by a Bengaluru-based startup called SWYTCHD. This all-inclusive subscription includes breakdown assistance, charge refunds, servicing, and maintenance. SWYTCHD, which was established in 2021 by Sameer Arif, offers a variety of EVs, including both two-wheelers and vehicles. For two-wheelers, the monthly fee starts at 4,000 and goes up to 6,000. Four-wheeler monthly fees range from 30,000 to 60,000 rupees. The company offers four two-wheeler models: OLS S1 Pro, Revolt RV400, Hero Photon HX, and Ather 450X. The company offers the MG ZS EV Exclusive, Hyundai Kona Premium, TATA Tigor XZ+, and TATA Nexon EV…
The Indian startup ecosystem is facing massive shifts in hiring patterns. Startups are doing steep hiring cuts, says the report by RazorpayX Payroll. The hiring of permanent employees reduced by 61 per cent in the last 12 months. However, salary spent on existing full-time workers rose by 64.7 per cent. Still, there is no equal distribution of money. The Indian startup ecosystem has been facing a shortage of funding. This has resulted in massive hiring cuts. Startups now prefer leaner and stronger teams and gig workers. Payments for gig workers have increased 153 per cent since October 2021 .