Author: News Desk

Final works going on Air India is likely to be handed over to the Tata group by the end of this week, according to senior government officials. After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited — a subsidiary of the Tata group’s holding company — for Rs 18,000 crore. Following that, on October 11, a Letter of Intent (LoI) was issued to the Tata group confirming the government’s willingness to sell its 100 percent stake in the airline. On October 25, the Centre signed the share purchase agreement…

https://youtu.be/tSAwt9YTWYw Embrace 5G soonReliance Jio has completed coverage planning for the 5G network for the top 1,000 cities in India. The telecom major is augmenting its fibre capacity as well as running pilots across sites. Jio is running 5G pilots in multiple cities and network planning for the roll-out of 5G. This is done using 3D maps and ray tracing technology.Auction next yearThe auction for the 5G spectrum is expected to be held in the first quarter of the next financial year. Jio Platforms posted an 8.8 per cent rise in net profit at Rs 3,795 crore for Q3. It had…

https://youtu.be/bmIYxmhRf2k Grand challengeState-owned Convergence Energy Services Ltd (CESL) has launched the biggest ever tender worth about Rs 5,500 crore. The tender will procure as many as 5,580 electric buses including 130 double deckers. The buses will be deployed in five major cities.  CESL announced the floating of the request for proposals under the ‘Grand Challenge’ CESL said this was the biggest ever purchase plan of electric buses. The buses will be deployed in Bengaluru, New Delhi, Surat, Hyderabad, and Kolkata in the first phase. Through this ‘Grand Challenge’, CESL aims to deploy 5,450 single decker buses and 130 double decker buses.  “CESL…

Gain for Swiggy SoftBank-backed food delivery company Swiggy has said that it raised $700 million in a funding round led by US investment firm Invesco, as competition intensifies for quick delivery of food and grocery in India. Baron Capital Group, Sumeru Venture, IIFL and Kotak were among the new investors who participated in the latest funding round. Swiggy’s existing investors who took part in the round included Alpha Wave Global and Qatar Investment Authority. “While the food delivery business has nearly doubled in gross order value (GOV) in the last year, this fundraise will enable Swiggy to further accelerate growth on…

https://youtu.be/CUswqnCIGnk Adani’s EV missionIndia’s second richest man Gautam Adani is planning his conglomerate’s debut in electric vehicles. Adani Group entity SB Trust got the trademark approval to use the name ‘Adani’ for land and sea vehicles, a report said. The Adani Group wants to enter into electric mobility space, it added.R&D in GujaratAdani’s initial electric vehicle plans include coaches, buses and trucks. This will be used for internal logistical activities at ports, airports etc. It also wants to manufacture electric vehicle batteries and install charging stations. The group has plans to set up an R&D facility for its electric mobility projects…

https://youtu.be/IH3HQTY4PZ0 Affordable electric carMG Motor India is going to launch a new affordable electric car. The car will be value between 10-15 lakh. It  may launch within the final quarter of FY22-23. MG is working to launch its current pure all-electric automotive, MG ZS EV.Advanced featuresThis car is prone to feature an Advanced Driver Help System. The  facelift SUV MG ZS EV 2022 will include a 50kWh battery pack. This battery is anticipated to touch a variety of 500 kilometres in a single charge.

https://youtu.be/Bx80IXAzxPQ Startups flourish A total of 2,250 tech startups were founded in 2021. This resulted in 39% cumulative growth of Indian startups, according to a report by Nasscom. There are now a total of 25,000 to 26,000 Indian tech startups.The report says that the startup ecosystem is becoming an inclusive and diverse ecosystem. It also says that 10-15% of start-ups have at least one woman co-founder.Startups raised $24.1 billion in 2021, a two-fold increase over pre-Covid levels. The government is also looking to reduce the compliance burden to boost the ecosystem.

https://youtu.be/oxqwQqibXqM Seeks clarityCrypto startups and companies are curious as Budget 2022 is all set to be tabled next month. They are keen for Finance Minister Nirmala Sitharaman to acknowledge the potential of the crypto industry. The industry seeks clarity over issues like taxation, legislation, exemptions and regulations.Expect progressive stanceIt also wants to frame some clarity of operations to aid operations and growth in future. India has more than 15 million crypto investors. Startups expect the government to take a progressive stance. The Finance Minister will table the Union Budget on February 1. 

https://youtu.be/wG8jDgruCh8 MilestoneIndia Post Payments Bank (IPPB) has crossed the 5-crore customer mark. This makes it the third largest entity in this segment after Paytm and Airtel Payments Bank. IPPB opened these five crore accounts in digital and paperless mode by leveraging 1.36 lakh post offices.Marching forwardOut of this, 1.20 lakh are in rural areas. This was possible with the help of about 1.47 lakh doorstep banking service providers. Around 48% women account holders are there while 52% are men. Paytm Payments Bank has over 6.4 customers while Airtel Payments Banks has over 6 crore.

https://youtu.be/0fzJ9EQerhQ Knowledge-based economy UAE is evolving into a knowledge-based economy with Dubai as the fountainhead of innovations. Dubai is deploying algorithms, data sharing and AI-integration in areas offering smart solutions and services. Smart Dubai Office has launched strategies to harness AI and Blockchain to improve government services. Ethical Tool Kit It has set up an ‘experience lab’ that gathers citizen feedback to redesign and transform service delivery. Meanwhile, there were instances like Knight capital going bankrupt due to AI glitch. To tackle this, Digital Dubai, an initiative of Digital Dubai Authority, has developed an Ethical Tool Kit that supports industry,…