Author: News Desk

https://youtu.be/AoAqLRdcEJo Gaming startup Zupee has closed its Series B funding round of $102 million. The lead investment was done by Nepean Capital, which invested $72 million.Quality gamingThe company’s valuation is $600 million after the funding round. Zupee has also announced a strategic partnership with Jio. As part of it, Zupee’s products will be integrated into Jio handsets. The new partnership will emphasise rolling out quality games in multiple languages. Zupee’s ambition is to become the biggest gaming platform in India, the company said

https://youtu.be/kLvZiYjOxaI iD Fresh Food has announced raising Rs 507 crore in a Series D funding round. It was led by NewQuest Capital Partner and existing investor Premji Invest.Expansion plansThe funding will be used strengthen company’s market leadership, foster product innovation and also to expand its presence in India, the UAE, and the US”In the coming years, we will expand our presence across channels and geographies” PC Musthafa, co-founder and CEO, iD Fresh Food said. The company plans to extend its presence to Singapore, Malaysia and other markets. The company is on track to achieve Rs 500 crore in revenue.

https://youtu.be/u0QB-pGUhcI The total registered electric vehicle (EV) sales in India more than doubled in 2021. The EV segment continued its sales momentum in December, clocking 50,889 units. EV sales surge This is the first time EV registrations have crossed the 50,000-mark in a month. The total registered EV sales for the full calendar year 2021 crossed the three-lakh mark. It stood at 311,339 units while in 2020, it stood at about 119,654 units The electric two-wheeler segment continues to drive EV volumes in the country. The overall high-speed electric two-wheeler sales in December 2021 stood at 24,725 units. The total…

https://youtu.be/_GhBmIp4RbE Starlink Internet Services initiated refunds pre-orders for the internet connections. They collected $99 or Rs 7,400 from customers. Trouble for StarlinkThe move comes after a stern warning from the Department of Telecommunications. It had barred Starlink from offering any services. Starlink is yet to receive regulatory approvals from the government. The company had plans to launch services in 10 Lok Sabha constituencies. India was considered one of its key markets.

https://youtu.be/gdxdYdFCPIg Apple has hit a market cap of $3 trillion briefly during trade. It became the first US company to attain this feat. Good performance Apple broke the barrier when its share price hit $182.86. Apple has tripled its valuation in under four years. Apple’s services business grew 25.6% year-over-year. It delivered more than $18 billion in revenue during the quarter. Apple’s stock rose 34% in 2021.

https://youtu.be/7xAE2qwiXSQ ONGC has appointed Alka Mittal as interim chairman and managing director. She is the first woman to head the country’s largest oil and gas producer.Mittal has replaced Subhash Kumar. Alka Mittal is a post-graduate and a doctorate in commerce. She became the first woman to join ONGC’s board on November 27, 2018. ONGC has two full-time female directors. Alka Mittal is the CMD and Pomila Jaspal is the Director of Finance.

https://youtu.be/TAyjJX_AHos Cognizant is inviting applications from Bachelor of Computer Applications (BCA), Bachelor of Science (B.Sc) students who graduated in 2020 and 2021 for its programmer trainee roles.The last date to apply for the opportunity is January 6. This is a full-time work-from office based role. The vacancy is for a programmer trainee role. The candidates will be offered a fixed annual salary of Rs 252,000.

https://youtu.be/hq3dCjlNHv4 PE-VC firms invested a record $63 billion in Indian companies during 2021. This registered a 57 per cent rise over the $39.9 billion invested in the previous year.E-commerce, a favouriteIndia minted a total of 44 Unicorn companies in 2021. Eight investments worth $1 billion or more, led by Flipkart’s $3.6-billion pre-IPO round were seen in 2021. E-Commerce was the favourite sector among investors in 2021. The BFSI and healthcare and life science industries were the next two major sectors.

https://youtu.be/1HXWJyfFEVQ Electric Vehicles (EV) are not only cost-effective but also have tax advantages in India. EV customers can avail of tax benefits on their loans under the section 80 EEB.Tax deductionsPersons opting to buy an EV on loan will be eligible for tax deductions . This tax benefit is an attractive proposition for salaried professionals. A  total tax exemption of up Rs 1,50,000 can be availed when paying off the EV loan. It is available for both 4-wheeler and 2-wheeler EV purchases. The tax relief can only be availed by individuals.

https://youtu.be/a3n0KqhiIik End of an eraBlackberry will no longer be able to support legacy services over cellular and Wi-Fi connectivity. This will start from January 4 . This is not applicable to BlackBerry phones based on the Android operating system. The company initially announced the move in September last year but extended its service. This doesn’t mean that the brand BlackBerry is dead altogether. It’s developing security software and services for various enterprises and governments.