Author: News Desk
https://youtu.be/6TWkIQJLhoo Electronic manufacturing hubReliance Strategic Business Ventures Limited (RSBVL) has entered into an agreement with Sanmina Corporation. The joint venture meant to create a world-class electronic manufacturing hub in India.RSBVL will hold a 50.1% equity stake in the joint venture entity with Sanmina owning the remaining 49.9%, RIL said. RSBVL will achieve this ownership primarily through an investment of up to Rs 1,670 crore in new shares in Sanmina’s Indian entitySanmina will contribute to its existing contract manufacturing business. As a result of the investment, the joint venture will be capitalized with over $200 million of cash to fund growth. The…
Accelerate agricultural landscape Flipkart-backed agritech start-up Ninjacart has launched a $25 million fund to support emerging and new-age start-ups in the agriculture sector. With an aim to boost tech innovation and accelerate disruption, Ninjacart will make seed investments in start-ups, entrepreneurs and tech innovators who present unique, sustainable and tech-enabled solutions. In addition, Ninjacart will invest in teams that have great tech abilities but may lack a solution or an idea at the moment, The Business Insider reported. The announcement comes as part of the agri-tech giant’s larger effort to accelerate the advancement of the agricultural landscape, the startup said…
15th anniversaryThis year, German luxury car manufacturer – BMW’s Indian subsidiary, BMW Group India, is celebrating its 15th anniversary. This luxury carmaker entered the Indian market in January 2007. The BMW Group’s Chennai plant commenced its operations on 29th March 2007. Nearly after 15 years, the 1,00,000th made-in-India car has rolled out the BMW Group India’s Chennai facility This locally manufactured product is a BMW Individual (7 Series) 740Li M Sport Edition. Speaking on this, Thomas Dose, Managing Director, BMW Group Plant Chennai said, “It is a day of great joy and pride for us as the 1,00,000th ‘Made-in-India’ car drives…
https://youtu.be/Zw5f3JYjYaE Global appealReliance Retail Ventures Ltd has invested in 30-year-old designer brand Abraham & Thakore (A&T) for a “majority stake”. The investment intends to build the brand’s global appeal in the fashion and lifestyle market, Reliance Retail saidLaunched in 1992, A & T is now led by the design trio – David Abraham, Rakesh Thakore and Kevin Nigli. “They will continue to lead the creative direction of the brand”, Reliance Retail stated.According to David Abraham, A&T’s new partnership holds the potential for “redefining India’s luxury landscape”.
https://youtu.be/C6a27B9bbm4 Role modelShahnaz Hussain has opened a new chapter in the beauty concepts of Indian women. Who is Shahnaz Hussain? She is a woman entrepreneur who has amassed crores with ayurvedic ingredients in the cosmetics market dominated by foreign items. Shahnaz Hussain, who started herbal beauty care in India, has branded herself. Shahnaz Hussain, the founder, chairperson and managing director of the venture, is today a role model for women entrepreneurs in India. Shahnaz, a native of Ahmedabad during her visit to Iran with her husband, realized that traditional ayurvedic ingredients could revolutionize the cosmetics industry. While training in cosmetology in London,…
https://youtu.be/6yz_XmZUNto Clean electric vehiclesJeep’s first fully-electric SUV will hit streets in 2023, according to Stellantis, the brand’s parent company. Stellantis laid out its business plan for the next several years during a presentation in Amsterdam.It’s plan hinges on a massive transition toward producing clean electric vehicles. The electric SUV features signature Jeep traits like a seven-section grille and aggressive, bulky look.Big plansThe SUV’s rear door handles are placed up by the window, rather than in the conventional spot. By 2030, the automaker plans to double its revenue while launching at least 25 all-electric models.
More opportunities YouTube’s growing creator ecosystem is generating considerable economic value for the indian market and contributed Rs 6,800 crore to the country’s GDP, while supporting 6.83 lakh full-time equivalent jobs in 2020, the Google-owned platform has said. With the number of channels in India with more than 100,000 subscribers now at 40,000, marking a growth of more than 45 per cent (on-year), more Indian creators are finding opportunities and audiences on YouTube, often leading to new doorways away from the platform, according to a new report by Oxford Economics that assessed YouTube’s economic, societal and cultural impact in the…
Court will step in A Supreme Court bench led by Chief justice NV Ramana has given Amazon and Future Group 12 days time to reach a possible solution. “We will simply adjourn for 10 days. It is better in the interest of businesses to resolve. If you cannot reach a solution, we will step in,” the CJI said. The Supreme Court has now adjourned the case till March 15. The top court told the three parties – Amazon, Future Retail and Future Coupons Pvt Ltd (FCPL) to find ways to reach a settlement.Amazon and Future Group have agreed to talks. Both…
https://youtu.be/pfDoLqFUBC8 TANSEED3.0StartupTN has announced the third edition of its flagship initiative “TANSEED”. This is in association with Headstart Network Foundation & Villgro Innovations Foundation. The initiative will support startups with a Seed Grant up to Rs 10 Lakh each.Support startupsLast date to apply is March 11, 2022. TANSEED will support early-stage financing requirements of the Startups. It will be in the form of grants to fill the gap in fund requirements for research and innovationsTANSEED is a Grant Program by Tamil Nadu Startup And Innovation Mission TANSIM. It serves as the policy implementation agency under the MSME Department, Tamil Nadu government.
https://youtu.be/mzmhXsRjL3E Great mileageElectric scooter ‘Simple One’ is set to launch later this year. The scooter is expected to be priced under Rs 1,20,000, undercutting its direct rival Ather Energy. The electric scooter will have a customisable touchscreen offering Bluetooth and 4G connectivity, remote locking and more. The Bengaluru-based startup’s first electric scooter will have a range of up to 240 kilometres in Eco mode.Launched in phased mannerIt will be launched in select cities in south India in the initial phases. This includes Bengaluru, Chennai and Hyderabad. Other cities will be added later, the company has confirmed.