Author: News Desk
https://youtu.be/7DpK4epoze0 Startup India Innovation WeekFuel-at-doorstep venture Repos receives the National Startup Award 2021. It was presented on National Startup Day as part of the prestigious 6-day Startup India Innovation Week. Repos was one among the 150 startups that presented their recommendations Ratan Tata backed firmRepos is backed by former chairman of Tata Sons, Ratan Tata. It was recognised by the Ministry of Petroleum and Natural Gas for its initiation of door-to-door delivery of fuel.The founders of Repos are Aditi Bhosale Walunj and Chetan Walunj.
Exports surgePassenger vehicle exports from India increased 46 per cent in the first nine months of the current fiscal year. Maruti Suzuki India leads the segment with dispatches of around 1.68 lakh units, as per the latest data by Society of Indian Automobile Manufacturers (SIAM). The total passenger vehicle (PV) exports stood at 4,24,037 units in April-December 2021-22 as compared with 2,91,170 units in the same period a year ago.Passenger car shipments saw 45 per cent growth at 2,75,728 units while utility vehicle exports rose 47 per cent at 1,46,688 units during the period under review, the SIAM data said. …
https://en.channeliam.com/wp-admin/post.php?post=52814&action=edit Vedanta Group is willing to spend $12 billion to acquire Bharat Petroleum Corp. Vedanta chairman Anil Agarwal expects India to open the bids for BPCL in March. More participantsBesides Vedanta Group, Apollo Global Management and I Squared Capital have shown interest. “The market cap of the company is about $11 billion to $12 billion, so this is the amount of investment we’re looking at.”Anil Agarwal said. The country is expecting global oil majors to team up with investment funds to participate in the sale. Bidders are finding it difficult to invest due to global sustainability rules.
https://youtu.be/3PpkbiPHpY0 Viral through birthday videoRatan Tata’s birthday video is still viral on social media. There’s a young man who went viral through that clip. Shantanu Naidu holding the hand of Ratan Tata, the business tycoon in India. People are still searching the internet to find more about Shantanu. This young man is the Deputy General Manager of the Tata Trust. Who is Shantanu Naidu?Shantanu Naidu was born in 1993 in Pune, Maharashtra. Shantanu has a long list of titles, including engineer, junior assistant, DGM, social media influencer, writer and entrepreneur. An MBA graduate from Cornell University, Shantanu Naidu is a fifth-generation…
https://youtu.be/fwW55LD6Jmw Federal Bank has launched federalinstaloans.com to facilitate quick and hassle-free credit approvals. Micro, Small & Medium enterprises (MSMEs) across India can avail up to Rs 50 lakh.Loans available in less timeThe platform enables borrowers to avail loans in less than 30 minutes. It also uses algorithms to read and analyse data points. Loan will be made available after the documentation process gets completed. The MSME borrowers have the liberty to choose their Federal Bank branch for the loan approval.
https://youtu.be/Lj0kXUX3bwE Changpeng Zhao, who runs the crypto exchange Binance, has become Asia’s richest person. He has an estimated net worth of at least $96.5 billion. Richest via Binance Zhao’s fortune is just below that of Larry Ellison and above that of Mukesh Ambani. The ascent of Zhao is emblematic of the rapid creation of wealth and that too in the fast-moving world of digital currencies. Zhao launched Binance in 2017, making it into one of the world’s largest crypto exchanges.
https://youtu.be/S8CSoDoAfHE How did Malavika Hegde become in charge of Cafe Coffee Day?The past few days saw social media searching for the name Malavika Hegde. Who is Malavika Hegde? How did Malavika Hegde become the strongest woman in the Indian business world? There is a history behind that name and its current popularity. Malavika is the wife of V.G.Siddhartha, the Coffee King and the founder of India’s leading coffee shop chain, Cafe Coffee Day. Siddhartha committed suicide on July 29, 2019. Malavika, the daughter of former Union Minister and former Chief Minister of Karnataka S.M Krishna, and social activist Prema Krishna became…
Startups need funds Recently, Commerce and Industry Minister Piyush Goyal held talks with more than 75 people from the US, Japan, Korea, Singapore and India who together manage $30 billion worth of assets in the Indian region alone. Goyal urged Global Venture Capital (VC) funds to focus on startups from Tier-2 and Tier-3 cities and to consider large capital investments, including risk capital, in them. Of the 61,000 startups approved by the Department for Promotion of Industry and Internal trade (DPIIT), 45 per cent are from Tier-2 and Tier-3 cities. They need huge funding support that cannot be tackled only…
ABFRL aims highAditya Birla Fashion and Retail Ltd (ABFRL) will buy a 51 per cent stake in fashion brand House of Masaba for Rs 90 crore. The acquisition is subject to definitive agreements, completion of closing conditions and the time for completion of the deal is two to three months.“Through investment in brand ‘Masaba’, ABFRL will strengthen its play into fashion for young and digitally native consumers along with marking a foray into the branded beauty & personal care segment,” it said in a statement. More products in offingBrand Masaba is targeted to achieve annual revenues of around Rs 500…
https://youtu.be/wV4xCjrVxXE ISRO Chairman S Somanath said the Indian space programme is currently confined to ISRO and the government now wants new people to come into this sector.Increase space budgetThe space budget should increase from Rs 15,000-16,000 crore to more than Rs 20,000-50,000 crore. This would not mean privatisation of ISRO, like BSNL and Air India. ISRO is core technology-oriented and it cannot be privatised as it researches and develops technology. Somanath will succeed K. Sivan, who completed his extended tenure on January 14.