Author: News Desk

For Mukesh Ambani-led Reliance Industries, the March quarter of FY22 brought mixed feelings. Although it fought the impact of the Russia-Ukrain War and before that, the COVID- pandemic, the impact seems to have hit the company in some way. For the first time in FY22, the oil-telecom conglomerate reported a weak net profit and a fall in profitability. In the March quarter, the company registered a net profit of Rs 18,000 crore with a revenue of Rs 2.11 lakh crore. This denotes a decline of 12.25% in profit at a time when analysts expected growth of 4.7%. The revenue for…

Jet Airways has recently announced that it will hire male cabin crew after reaching a certain operational scale. According to the airline, it will operate flights with female cabin crew members in its startup phase as the airline’s crew requirements are limited. The spokesperson also said that the cabin crew applicant pool is predominantly female and the decision reflects that. Moreover, they have only a limited number of NCR-based cabin crew staff who are trained and qualified on the Boeing 737 aircraft. Many of them are former employees of the airline. Once the company reaches a certain point in the…

Semiconductor system: India has signed multiple MoUs with leading players The pacts were signed as part of the SemiconIndia 2022 held from April 29-May 1 First MoU is between SONY India and DIR-V SHAKTI Processor (IIT Madras) Second one is between ISRO Inertial Systems Unit, TVM, and DIR-V SHAKTI Processor (IIT Madras) Third MoU is between Indira Gandhi Centre for Atomic Research (IGCAR) and DIR-V SHAKTI Processor (IIT Madras) Fourth MoU is between Bharat Electronics Limited (BEL) and DIR-V VEGA Processor (C-DAC) The final one is between the Centre for Development of Telematics (C-DOT) and DIR-V VEGA Processor (C-DAC)

In India, unemployment rates shoots up to 7.83% in AprilSays the report by the Centre for Monitoring Indian EconomyLast month, it was 7.60 %The urban unemployment rate hit 9.22%It was 8.28% in MarchHowever, the rural unemployment rate went down to 7.18% from 7.29%Haryana recorded the highest rate at 34.5%Rajasthan comes next with 28.8%Slow economic recovery and rising prices caused the rise

In India, unemployment rates shoots up to 7.83% in AprilSays the report by the Centre for Monitoring Indian EconomyLast month, it was 7.60 %The urban unemployment rate hit 9.22%It was 8.28% in MarchHowever, the rural unemployment rate went down to 7.18% from 7.29%Haryana recorded the highest rate at 34.5%Rajasthan comes next with 28.8%Slow economic recovery and rising prices caused the rise

Reliance Brands is trying to open Ray-Ban branded stores in IndiaTalks are on between Reliance Brands and Italy’s Luxottica GroupReliance is planning to open both standalone stores and shop-in-shops and countersThe final franchise agreement is yet to be signedLuxottica and Reliance are yet to confirm the sameReliance Brands had earlier acquired Sunglass Hit and DLF BrandsIt acquired the India franchisee rights and an existing network of stores

It was during his days with the Indian startups, especially the defence sector, that Puneet Gupta, a sales and marketing graduate from IIM Calcutta, observed the hygiene difficulties of soldiers working in extreme weather conditions in places such as Siachin, Kargin and Drass. Gupta who gave up a career at the US-based technology and manufacturing company Honeywell to venture into the Indian startup scenario put his thinking cap and launched Clensta in 2016. Clensta has a waterless body bath and shampoo that can be used by defence personnel, patients, elderlies, and adventure enthusiasts to take baths without water while maintaining…

The Cochin Shipyard to invest an initial corpus of Rs 50 cr in maritime startupsSaid Sarbananda Sonowal, Union Minister for Ports, Shipping, and Water WaysThe Minister was attending the Golden Jubilee celebrations of Cochin ShipyardHe also unveiled the startup engagement framework of Cochin ShipyardThis would help startups work on technical, regulatory, financial and marketing perspectivesThe platform to support young, talented entrepreneursEntrepreneurs can use it to develop products/services in the marine space

Explore the top 10 most expensive homes in the world in 2022England’s Buckingham Palace with an estimated value of $6.7 bn holds the first placeIt is the loyal residence and administrative headquarters of the monarch of the UKSecond, comes India’s Antilia with an estimated value of $2 billionLocated in Mumbai, Antilia is the residence of billionaire Mukesh AmbaniFrance’s Villa Leopolda valued at $750 million holds the third placeThe estate was once owned by King Leopold II of BelgiumThe One, situated in Bel Air, Los Angeles, California, comes in the fourth placeThis 21-bedroom, 41-bath hilltop estate is valued at $500 millionVilla…

Life Insurance Corporation of India (LIC), will launch its initial public offer (IPO) on May 4 The initial public offer (IPO) is the biggest in the history of the Indian capital market The offer will open for subscription on May 4 The last day to subscribe to the IPO is May 9 The price band for the offer has been fixed at Rs 902-949 per equity share of face value Rs 10 each The government of India is aiming to garner Rs 21,000 crore Investors can bid for a minimum lot size of 15 shares and in multiples thereof The…