Author: News Desk
As per Forbes, Rakesh Jhunjhunwala’s net worth was nearly $6 billion. He was wealthier than 99.99 per cent of people in the world. Do you know that he started his career with just Rs 60? About four decades ago, when he was a chartered accountant trainee, he was paid an allowance of Rs 60. After deductions, he would get only Rs 45. Still, he saved some money so that he could spend the weekends with his friends at Chicken Centre, a popular eatery. In one of his interviews, Jhunjhunwala had said that even a bottle of whiskey that costs Rs 40,000 could not give him that pleasure. He wanted to be a journalist or pilot. But, his attention turned…
Mahindra and Mahindra will launch five electric vehicles by 2027 on its new platform Inglo. The company expects as much as 30% of its sales to come from EVs by 2027. The five e-SUVs will be under the two EV brands Iconic brand XUV with the Twin Peak logo and the all-new electric-only brand called BE. Mahindra’s new INGLO EV platform is based on a modular electric skateboard. The first launch will be the XUV e8 in December 2024.
Over seven per cent of India’s population owns digital currency, according to the U.N. Ukraine topped the list with 12.7 per cent, followed by Russia (11.9 per cent). UNCTAD highlighted that the use of cryptocurrencies globally has increased exponentially during the COVID-19 pandemic. Cryptocurrencies might potentially inadvertently replace national currencies, the report continued. The UN asked the relevant authorities to provide thorough financial regulation of cryptocurrencies. By regulating crypto exchanges, digital wallets, and decentralized finance as well as prohibiting authorized financial institutions from owning cryptocurrencies.
Indians no longer will be able to use VLC Media Player. India has blocked VLC Media Player’s website and download link. Reports say that it has been blocked for about two months Chinese hacking group Cicada has been using it for cyber attacks. Cicada was using it for deploying a malicious malware loader. Security experts say that it is part of a long-running cyber attack campaign. India has so far blocked hundreds of Chinese apps. However, VLC Media Player is developed by Paris-based firm VideoLAN. Neither the company nor the government has revealed details of the ban.
Malayali’s own Entri App, Learning App for Jobs Entri is a learning application that helps candidates to get government jobs and private jobs. Entri, a start-up, is developed in the local language which makes it unique. Entri provides different types of study content like PDFs, study cards and videos. All these contents are prepared in regional languages like Malayalam, Tamil and Hindi. The Entri App will provide training and content for central-state exams, spoken English, coding, sales, entrepreneurship, etc. The app is available for download on Android phones. Apart from that, it also has a web version. The Founding Team…
Switch Mobility and Chalo have joined hands for deploying 5,000 electric buses. In a deal worth ₹8,000 crore, making it the largest electric bus deal in India to date. A memorandum of understanding (MoU) for an initial period of three years was signed. The buses with seating capacity of at least 30. It will have recliner seats and air-conditioning, among other features and will be deployed across metros and other cities. Switch will invest in the bus and will maintain it while Chalo will invest in consumer experience, charging infrastructure, drivers, IT and connectivity.
Johnson & Johnson to stop the sale of talc-based baby powder. The global sale will halt in 2023, the company said. Two years ago, it ended the powder’s sale in the US and Canada. The company faces 38,000 lawsuits from consumers and survivors. They claim that the talc products caused cancer. It is due to contamination with asbestos. Asbestos is a known carcinogen. However, Johnson & Johnson denied the allegations.
Rakesh Jhunjhunwala was the ‘Big Bull’ of Dalal Street. When he departs at the age of 62, he leaves behind an unparalleled business legacy. He saw only opportunities in front of him. In four decades, he elevated himself from the status of a chartered accountant to an intelligent investor India has ever seen. He saw opportunities that others failed to spot and established his presence in the country. He also witnessed the successful launch of his dream project ‘Akasa Air’. He was an inspiration to all. And, will always remain in our hearts. Rakesh Jhunjhunwala was the ‘Big Bull’ of…
Varsya’s product portfolio includes eco-friendly notebooks made of recycled paper pulp, carry bags made out of vegetable starch, disposable plates from sugarcane waste and areca nut, and clay tableware. The uniqueness of the carry bags is that they can be melted in water and disposed of on the ground. Nitheesh Sundaresan and his wife Anu Nitheesh started Varsya Eco Solutions Private Limited in 2020. The startup has so far developed two technologies. The startup aims to draw people to eco-friendly living. Its name is derived from the Sanskrit word ‘varsham’ which means ‘rain.’ Varsya’s mission is to create a pollution-free…
India’s first indigenous Hydrogen-fueled electric vessel is likely to be delivered by March-April next year, said Chairman and Managing Director of Cochin Shipyard Limited (CSL) Madhu S Nair. He added that the fuel cell will be produced by a Pune-based company relying on Indian technology. The estimated figure for the ship lift-based shipyard at Wellington Island in Kochi is Rs 970 crore. The facility is expected to be commissioned by December 2023 Kochi will be a ship repair hub after it is commissioned. The project will provide employment opportunities to at least 3,000 people in the shipyard.