Author: News Desk

India has another achievement to be proud of. Palli, a village in Jammu and Kashmir has become India’s first ‘carbon neutral panchayat.’ The village is situated on the border district of Samba. On Sunday, Prime Minister Narendra Modi dedicated to the nation a 500 KV solar plant. It was installed in a record period of three weeks. The project consisting of 1,500 solar panels spread across a total area of 6,408 square metres will provide clean electricity to 340 households in the panchayat. The initiative comes under the central government’s Gram Urja Swaraj programme. Prime Minister lauded the villagers who…

Amazon introduces ‘Amazon View’ to change the shopping experience When we purchase interior decor online, the most confusing part is ensuring whether the product would blend in with our home. Mostly, it is a gamble. Amazon’s new feature ‘Amazon View’ offers a remedy to this dilemma. Amazon View is an augmented virtual room that provides a basic layout of your house in 3D. Using this feature, you can customise your room with amazon products. You can view the products in your home before purchasing them. For instance, if you are looking for a coffee table, you can place that in…

In 2021, India led the real-time payment transactions in the world with 48.6 billion such transactions. This represents over 40 per cent of the global transactions, says the report ‘Prime Time for Real-Time 2022’ released by ACI Worldwide, real-time payments solutions provider, in association with GlobalData, an analytics firm, and the US-based Centre for Economics and Business Research. The number of real-time transactions in India was 2.6X higher than that of China. It was seven times higher than the combined real-time payments volume of the US, Canada, the UK, Germany, and France. According to the report, real-time payments helped India…

Startups exclusive for organic milk India is one of the largest milk producing countries in the world. It accounts for about 22% of global milk production. However, about 68.7 percent of milk and dairy products sold in the country do not meet the standards of the Food Safety and Standards Authority of India. Adulteration of milk has been a problem in the country for a long time. Recently, many startups have come up with solutions to the problem of milk quality and adulteration. Many of these startups focus not only on unadulterated milk, but also on organic feed for livestock.…

Facebook owner Meta is all set to open its first physical storeThe 1,550 sq ft store opens on May 9The store is located at the company’s Burlingame campus in CaliforniaOffers demos for its Quest 2 VR headset and video calling device Portal and Ray-Ban’s AR glassesThe devices, except Ray-Ban glasses, will be available for purchaseThe products are also available on meta.comThis is part of Meta’s investment in Metaverse, a virtual space for people

Gautam Adani to buy top marine services company Ocean Sparkle for Rs 1,530 crHe will do the purchase through Adani Harbour Services, an arm of Adani PortsThe acquisition will make Adani Harbour the leader of India’s marine services marketA group of marine technocrats and financial investors own Ocean SparkleOcean Sparkle was established in July 1995It does towage, pilotage, and dredging services across ports and LNG terminalsTowage and pilotage contribute 92% of its revenue while dredging services provide 8%Ocean Sparkle is expected to hit a profit of Rs 135 cr in FY22

Elevation Capital, a leading venture capital firm, announced that it’s going to offer India`s early-stage start-ups $ 670 million funds to help founders achieve their dreams. Over the decades, the organization has invested nearly $ 2 billion in more than one hundred and fifty corporations in seven funds with thirteen early-level investments into unicorns. These encompass category leaders like Acko, FirstCry, Makemytrip, Meesho, NoBroker, Paytm, Sharechat, Spinny, Swiggy, Unacademy, Urban Company and Xpressbees. The portfolio spans sectors together with Consumer Internet, SaaS, FinTech, Consumer Brands, Edtech, Healthtech and Web3 / Crypto. The VC firm stated in an assertion on Fund…

The Indian startup scenario has been showing promising growth for the past few years. The country is the third-largest startup ecosystem in the world with over 100 unicorns. Usually, venture capitalists, angel investors, businessmen, and high net worth individuals (HNIs) are the ones who associate with startups. However, the scene is changing. These days, celebrities are venturing into the startup ecosystem. Here are six celebrities who recently became investors. Samantha Ruth Prabhu Interestingly, in the same month, Pushpa-fame actress Samantha Ruth Prabhu, who debuted in Bollywood with Family Man-2, invested in ‘SustainKart’, an e-commerce marketplace for sustainable products. She has…

Entrepreneur Elon Musk to buy Twitter Inc for $44 billionInvestors will get $54.20 for each Twitter shareTwitter’s board unanimously approved the current deal which would be completed this yearHowever, it is still a mystery how Musk would cover his $21 bn equity portionHe might resort to other investors, selling stakes or pouring in cash or cryptoMusk is one of Twitter’s most-watched users with over 83 mn followersMusk began amassing Twitter’s stake of about 9% in JanuaryIn March, Musk alleged that Twitter’s algorithms are biasedLater, he offered to take Twitter privateHe mainly offered ‘free speech’ on the platform

Reliance calls off its Rs 24,713 crore deal with Future Group as secured creditors vote against it Reliance Industries has called off its deal to acquire Future Group’s assetsThe deal was worth Rs 24,713 croreIt was dropped as secured creditors of Future Group voted against the proposalThey mainly include banks and financial institutionsThey could not get the mandatory 75% for the approvalHowever, the shareholders and unsecured creditors have voted in favour of the groupMeanwhile, Shailesh Haribhakti, chairperson and independent director of Future Lifestyle Fashions Ltd, resignedHe had chaired the meetings of shareholders and creditors for the dealHe was in charge of the National Company Law Tribunal (NCLT)Since its announcement,…