Author: News Desk
Transition process Consumer brand leader Emami has said its key management control will be passed on to the next generation and its founders, RS Goenka and RS Agarwal will step down from their positions. Their sons Mohan Goenka and Harsha Agarwal will take over as vice-chairman and managing director of the company. Mohan Goenka is the eldest son of RS Goenka and Harsha Agarwal is the younger son of RS Agarwal. The founders will continue to be on the Board of the company. RS Goenka will serve as its non-executive chairman and RS Agarwal as chairman emeritus from April 1…
Alex Cruz Air India CEO? Air India may get Alex Cruz as its CEO, The Times of India reported. Cruz is an aviation veteran with rich experience of heading both full service and low cost airlines. 55-year-old Cruz was chairman and CEO of British Airways for about five years till 2020. Before that he headed Spanish low cost Vueling. British Airways had in October 2020 cut 13,000 jobs. Cruz had then stepped down as the airline’s chief executive and a transition period gave up as chairman too. His LinkedIn profile shows he is currently an investor, board member and adviser…
Tata-Apollo EV missionTata Power and Apollo Tyres announced a strategic partnership for the deployment of public charging stations across India. It will deploy electric vehicle charging stations at Apollo’s commercial and passenger vehicle zones across India. hese charging stations will be deployed at Apollo Tyres’ Commercial and Passenger Vehicle Zones spread across the country.Based on location, this classification of chargers will support EV charging for two-wheelers & four-wheelers, respectively. EZ Charge brandTata Power has an extensive EV charging infrastructure with over 1000 + EV charging points across 200 different cities under the EZ Charge brand along with a digital platform…
https://youtu.be/4QV1A-X3Lbo Welcome messageAfter Air India’s takeover by Tata group, Ratan Tata has extended a warm welcome to passengers onboard Air India flights. “The Tata group welcomes Air India’s new customers and is excited to work together to make AI the airline of choice in terms of passenger comfort and service,” Ratan Tata said.Tata’s Air IndiaTatas had regained ownership of Air India last week and promised to turn the loss-making carrier into a world-class airline. N Chandrasekaran, Chairman of Tata Sons beat a consortium led by rival SpiceJet promoter to win the bid for the national carrier last year. He first called…
https://youtu.be/Ov84Xzldjm4 Delhi de-thrones BengaluruDelhi has replaced Bengaluru as the startup capital of India, according to the Economic Survey. The survey says that over 5,000 recognised start-ups were added in Delhi.4,514 start-ups were added in Bengaluru between April 2019 to December 2021. Maharashtra has the highest number of recognised startups with a total of 11,308 in number. 3rd largest startup ecosystemIndia had a record number of startups (44) that got unicorn status in 202. India has 83 unicorns with a total valuation of $ 277.77 billion as of January this year. India has the third-largest largest startup ecosystem in the world after the…
Digital transformation In India, Digital Transformation has happened. According to dentsu’s latest report, the digital advertising industry has witnessed a growth in market size from Rs. 15,782 crore in 2020 to Rs. 21,353 crore in 2021, growing at 35.3%. Narayan Devanathan, Chief Client Officer, dentsu India said, Digital media is expected to grow at 29.5% CAGR to reach a market size of Rs. 35,809 crore by 2023. “Notwithstanding the devastation caused by Covid-19’s second wave in 2021, we have seen a dramatic upsurge in digital in ways we have not seen before,” Devanathan said.The report said that digital advertising in India is expected…
https://youtu.be/px1W8n2VFnE Drone-As-A-ServiceUnion Finance Minister Nirmala Sitharaman has announced ‘Drone Shakti’ in her Budget speech. It is considered as the government’s renewed focus on drone technology and the emerging industry. Startups will be promoted to facilitate Drone Shakti through different services and Drone-As-A-Service (DrAAS). Selected ITIs will have courses required for this skill, Sitharaman said.Kisan dronesAlso, ‘Kisan Drones’ will be promoted for crop assessment, digitisation of land records, spraying of insecticides, and nutrients. The Drone Rules 2021 were formed by the Central Government on 25 August last year. These rules envisage self-certification, trust and non-intrusive monitoring.
https://youtu.be/YCy3Q681WxU Investment culture Kerala’s Startup Ecosystem will play a major role in bolstering future investments, said Kerala Finance Minister K.N. Balagopal. He said the state needs to develop an investment culture. “We have a lot of HNIs and several new areas need investment. A campaign to attract HNIs is needed,” he said.He was inaugurating the seventh edition of Seeding Kerala, the Kerala Startup Mission’s (KSUM) flagship initiative to attract investors. Mature ecosystem Infosys co-founder Kris Gopalakrishnan said Kerala’s startup ecosystem has become more mature. “I strongly believe that Kerala has created a sustainable model ecosystem for startups with a bright…
https://youtu.be/ICGnjoiRF-I 16-year-old ‘s startup Tilak Mehta, a 16-year-old from Mumbai, is proving that there is no age limit to becoming an entrepreneur. At the age of thirteen he was the youngest entrepreneur in the world to set up a company called Papers N Parcels. Tilak’s life proves that age is not a barrier to doing something good, innovating or making a difference. Papers N Parcels along with DabbawalasTilak Mehta decided to become an entrepreneur when he was in eighth grade. His father Vishal Mehta, who was late from the office, forgot to buy some books of Tilak. Tilak thought he could courier the…
Finance solar projects Aiming to strengthen the existing financing arrangement for solar power projects, State Bank of India (SBI) has launched a dedicated centralized processing cell – ‘Surya Shakti Cell’. The Bank has joined hands with Tata Power Solar Systems Ltd. (a Tata Power Company) for financing solar projects. The Surya Shakti Cell will process all the loan applications for Solar Projects (capacity up to 1 MW) sourced from across India, for installation by business entities as well as households. Itl was inaugurated by Dinesh Khara, Chairman, SBI in the presence of Dr. Praveer Sinha, CEO & MD, Tata Power…