Author: News Desk

https://youtu.be/QMoIJeO1QbM Fabindia will file draft documents for its IPO before the end of December to raise Rs 4,000 crore.The firm’s shareholders approved the IPO proposal at a general meeting.Big plansFabindia plans to raise Rs 250 crore in fresh capital to expand its store network. Several investors will sell part of their stakes as well, a media report said. This will bring the total size of the public offering to Rs 3,800-4,000 crore. Fabindia’s existing investors include PI Opportunities Fund, Bajaj Holdings and Investment Ltd. Fabindia has recently entered new product categories like home, lifestyle, personal care, and organic food.

https://youtu.be/I43eFZa_h9o The Woman Startup Summit organized by the Kerala Startup Mission opined that equality and financial assistance is inevitable to boost women entrepreneurship. The event held under the theme — Rise to equal, post-pandemic era — had discussions that saw 40 experts from various fields, including financial, technical and also entrepreneurs. Dr Usha Titus, Additional Skill Acquisition Programme MD, inaugurated the event. She said, there should not be a feeling that being a woman, concessions will be there, but should come up with services and new initiatives, which are useful to people. During the Women Entrepreneurs Networking Meet, Aishwarya Dongre IPS and…

https://youtu.be/zf1ZEinNy10 A strong intent to purchase a vehicle is there among consumers in the next 12 months. This is as per the survey of Mobility Outlook, a brand of CarTrade Tech.Buying spree expected83% of respondents confirmed the intent to purchase a vehicle in the next 12 months. Another 13% indicated they may buy and just 4% said no to buying a vehicle. The survey sought responses from nearly 2.7 lakh customers across India. 49% remained the same as before the pandemic in case of budget allocation. But 14% said they have increased the budget by up to 20%..

https://youtu.be/hpID9tT6lMQ 2021 proved to be a year of funding for startups. $35.4 billion were pumped into the start-up ecosystem as opposed to $13 billion in 2020.Funding for startupsThis report is according to the India Tech Annual Factsheet 2021 by Tracxn. A total of 1,926 funding rounds took place this year with Series A+ rounds accounting for 674. This year, 3,143 new companies were founded and nearly 1,638 firms were being funded.Out of the total 77 unicorns company, 41 received the status this year. According to the data, Flipkart tops the charts with its Series J funding worth $3.6 billion. 

https://youtu.be/QYOG4jP81Cg A range of products claiming to offer ‘5G protection’ are found radioactive. The Dutch Authority for nuclear safety and radiation protection warned about the dangers of 10 products. 5G necklaces radioactive?They include necklaces, pendants and sleeping masks that give off ionizing radiation. These products could be harmful if worn regularly.However, there is no evidence that 5G networks are harmful to health. They use non-ionising radio waves that do not damage DNA. But, online conspiracy theories have led many people to protest against 5G use. 

https://youtu.be/m6x1_scMTB0 TikTok is serving up a new ghost kitchen restaurant concept based on its most viral food hits.TikTok KitchensThe video-sharing platform has announced that it is partnering with Virtual Dining Concepts. They will launch a delivery-based food service chain in March 2022. Titled “TikTok Kitchens,” the venture intends to bring TikTok-famous foods to its fans. The restaurant’s menu will include meals like baked feta pasta, smash burgers, corn ribs.Every quarter offerings are expected to adapt alongside shifting food trends on the app. TikTok Kitchens is expected to launch in 300 locations.

https://youtu.be/x1JEC5GcALU India’s electric vehicles segment is likely to witness an investment of $12.6 bn over the next 5 years. This report was published by Colliers, a leading real estate consultant. Big investments in India Tamil Nadu is the frontrunner, accounting for around 34% share in total planned investments for EV. Tamil Nadu is followed by Andhra Pradesh and Haryana with a share of 12 per cent and nine per cent respectively. The investments will benefit the Indian real estate sector as new showrooms will be opened. 15 States have either approved or notified EV policies, with 6 more states in…

https://youtu.be/nOmOYbC53kA The government is considering changes that would make it easier to lower its stake in state-run banks. This is a key step in PM Narendra Modi’s plan to unclog credit flow to the economy.Bank privatisation?If approved, it would allow the government to lower its holding in state-run lenders to 26% from 51%. This won’t dilute its grip on management appointments, a media report said. They would also simplify the privatization of certain identified lenders and permit foreign investors.It proposes government stake be reduced to a minimum of 26% from 51%. Foreign stakeholders can be allowed to breach the 20% cap.

https://youtu.be/29bKG0O0ZGM Zivame founded by Richa Kar proves that if there is willpower, any venture can be made into a successful business. Richa Kar started a Lingerie online store at a time when people were shy to speak about innerwear. Richa Kar’s name is now synonymous with Zivame. Women normally feel uneasy while choosing innerwear from textiles. Richa started Zivame to help women overcome this. Women and teenage girls are now aware of Zivame. The brand is popular among women for the fact that its products are reasonable and good in quality. Strong team Richa completed her education at the BITS…

https://youtu.be/IHVDpKl698E The Competition Commission of India (CCI) has suspended Amazon’s deal with Future Group. CCI ruled that Amazon had suppressed the scope and full details of its investment while seeking regulatory approval. A penalty of Rs 200 crore was imposed on Amazon.This is for failing to notify the details of its ‘combination’, as required in law.Blow to AmazonThe CCI said it considers “it necessary to examine the combination (deal) afresh,” adding its approval from 2019 “shall remain in abeyance” until then.“In exercise of the powers conferred under sub-section (2) of Section 45 of the Act, the Commission hereby directs Amazon to…