Author: News Desk

 Boon for digital-asset exchangesIndia’s decision to impose a 30% tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges. Binance-owned WazirX, India’s largest crypto bourse, has seen daily sign-ups on its platform jump almost 30% since February 1, when the government unveiled the levy on the transfer of digital assets in its annual budget, said co-founder Nischal Shetty.At rival CoinSwitch, the daily increase was 35%, according to founder Ashish Singhal. While it might seem counterintuitive that a steep tax would cause people to flock to digital tokens, the step was seen as legitimizing…

https://youtu.be/661PWvpJqN8 Mentoring and networking The Young Innovators Programme is specially designed under the Kerala Development and Innovation Strategic Council (K-DISC) to track future innovators in Kerala. The programme aims to find and mentor young people who are determined to solve the problems in the society in which we live. It reaches out to children with comprehensive plans. Technical and financial assistance The Young Innovators Programme aims to develop an ecosystem that connects students to research institutes or partner institutions with a one-year scholarship and helps them build a career on innovative ideas. Each student team can have two to five…

https://youtu.be/nJDjxa5QGq8 Terra 360 modular chargerABB launched its all-in-one EV charger that provides the fastest charging experience. The new Terra 360 modular charger can simultaneously charge up to four EVs and can  fully charge any electric car in less than 15 minutes. The company is all set to launch Terra 360 in different countries.Fast charging solutionsABB is a world leader in fast charging solutions. It has installed more than 14,000 DC fast chargers in over 80 countries. India is focused on reaching a high level of EV adoption by 2030. In 2020, ABB launched the first public DC fast charger in Delhi…

https://youtu.be/hhHrbRJfNR0 Flying carA car-aircraft hybrid, which can transform from a sports car into an aircraft in less than three minutes, is certified to fly in Slovakia.The AirCar, developed by Klein Vision, received a certificate of airworthiness from the Slovak Transport Authority in January.The certification came after 75 hours of test flights, with more than 220 takeoffs and landings executed.BMW engineA team of up to eight people has been working on the prototype since 2017.The AirCar completed its first inter-city flight in June last year. It is not restricted to airfields. It can take off from and land anywhere.The AirCar is powered…

 Unique way to reduce payroll Cutting jobs in France is never easy. So Stellantis NV, the manufacturer of Peugeot cars and Jeep SUVs has come up with a novel way to slim down its payroll: It sends workers emails with tips on how to get exciting new jobs—elsewhere.Employees are routinely sent alerts on career fairs and services that help write winning CVs -so much so that union representatives are accusing management of harassment. This isn’t a good way to motivate people to work hard for the company,” said Christine Virassamy, a representative of the CFDT union. “We’ve asked them to let…

Huge transformation Tata group will make Air India financially fit, upgrade aircraft, bring in new fleet and make it the most technologically advanced airline globally, Tata Sons Chairman N Chandrasekaran has said. Virtually addressing employees of Air India across the globe, he said for the airline to be the best again there will be an organisational redesign, and it will ”require a huge transformation, probably the largest transformation and the change all of you would ever go through”. The carrier will expand its ”outreach both domestically and internationally” and it has the desire to connect India with every part of…

https://youtu.be/3d17DP5gJgg PLI for auromobiles20 applicants have been approved under the “Champion OEM Incentive Scheme” of the PLI scheme for the automotive sector. Hyundai, Suzuki, Kia, Mahindra, Ford, Tata Motors, Bajaj Auto, Hero MotoCorp, and TVS Motor have been shortlisted. Recent entrants Hop Electric Manufacturing, Ola Electric Technologies  have also been selected as new non-automotive investors.Huge successThe Ministry of Heavy Industries said the scheme has been a huge success. It received an overwhelming response with Rs 45,016 crore worth proposed investment from approved applicants. Applications for the Component Champion Incentive scheme to incentivise auto component makers are processed separately.The PLI scheme for…

https://youtu.be/57zh37SPHKQ The question that changed life Nidhi Yadav, 25, has a life-changing story. Nidhi, a computer science graduate, worked at Deloitte. During the year-end presentation, Nidhi was asked a question – When was the last time you wanted to go to the office? She honestly replied that it was never. It was also the moment when Nidhi realized what she wanted to do with her life. She later completed a one-year course in Fashion Buying and Merchandising at the Polimoda Fashion School in Italy. She did an internship at the Italian fashion brand Emilio Pucci. Nidhi got a job with…

https://youtu.be/-eEgzuPyDH4 Forbes IPO moveMajor cryptocurrency exchange Binance will make a $200 million investment in Forbes. The media firm prepares to go public via a special purpose acquisition company (SPAC). SPACs are shell companies that raise money in an initial public offering.The investment by Binance will replace half of the $400 million in private placement commitments. This was announced by Forbes and SPAC company Magnum Opus Acquisition Limited. The deal is expected to close by the end of March, Forbes, and Magnum Opus said. Binance will help advise Forbes on its digital asset and Web3 strategy.In February last year, Binance dropped a lawsuit…

https://youtu.be/WYLigeYn9fk Decision after consultationFM Nirmala Sitharaman has said the govt will take a decision on “banning or not banning” cryptocurrencies after consultations. Earlier, Sitharaman had announced the proposal of imposing a 30% tax on gains made on crypto tradesAdditionally, a 1% TDS will be applicable on the transfer of such assets over a certain threshold.Legitimise crypto tradersThe crypto industry had welcomed the announcement that it legitimises their trades. However, the 30% tax has nothing to do with the legality of private cryptocurrencies, she said. The government has the sovereign right to tax profit from cryptocurrency transactions, she added.