Author: News Desk

https://youtu.be/MMNC6o-sPgY New jobs, New hopesThe IT sector has hired an estimated 350,000-360,000 freshers in FY22 across 30 plus firms. This accounts for around 14-18% of the total headcount of the top IT companies. TCS, Infosys and Cognizant added 77,000, 41,000-42,000, and 33,000 freshers respectively.This data is given by UnearthInsight, a metrics benchmarking and market intelligence firm. All the top firms have also revised their fresher hiring target This financial year, the industry may achieve the best revenue growth. Experts expect the situation to start improving in FY23 as it is estimated that attrition will come down to 16-18%.

Quick commerce grocery apps to buy essentials A survey by LocalCircles says that One out of four Indian households that shop groceries online use quick commerce or fast delivery applications for buying last-minute essentials and indulgence foods. “Since the first phase of the pandemic in March 2020, many households have taken to e-commerce sites and apps for all types of shopping needs, getting what they need delivered at home and minimizing contact with others. Emergence of quick commerce has changed the on-demand delivery landscape by reducing delivery time from 12-24 hours to 10-60 minutes,” it said in a report. One…

5 million tonnes of green hydrogen by 2030 The government has allowed free inter-state wheeling of renewable energy used in the production of green hydrogen and ammonia as it seeks to boost usage of the carbon-free fuel and make India an export hub. Unveiling the first part of the much-awaited National Hydrogen Policy, Power and New and Renewable Energy Minister Raj Kumar Singh said the government is targeting the production of 5 million tonnes of green hydrogen by 2030. Oil refineries to steel plants require hydrogen to produce finished products. This hydrogen is currently generated using fossil fuels such as…

LIC set for IPO A public offering of shares by state-run Life Insurance Corp (LIC), set to be the country’s biggest ever at $8 billion, is expected to open for anchor investors on March 11, according to a media report. The book will open for bidding by other investors a couple of days later. LIC’s initial public offering (IPO) is expected to obtain regulatory approval by the first week of March, after which an indicative marketing price band will be set, said the sources, declining to be named as the deal discussions are private. LIC declined to comment. According to…

https://youtu.be/kX4rvm_EG7w Steadfast holdersMost crypto investors are steadfast holders, said a report by Deutsche Bank. High returns and portfolio diversification were common reasons for investing in cryptocurrency. Most crypto transactions are under $100, and only a small percentage believe crypto is a golden ticket, the report said.The findings point to a broad bullishness for cryptocurrencies. Less than half of crypto investors surveyed would reduce or sell their crypto positions even if prices dropped by 80%. Meanwhile, nearly 50% said they have become so successful in crypto trading.The crypto market surged in 2021 with bitcoin reaching an all-time high of $69,000 in November. 

https://youtu.be/SSgDjm6LzD8Air taxi to replace cars?Air taxis are gaining popularity. They will soon change the nature of travel dramatically, taking the well-heeled off the road. These taxis will replace cars for travel within the range of modern drones capable of carrying passengers.For longer distances that call for travel by plane, air taxis will shuttle the corporate travellers. The major impact would be on the economics of high-speed rail projects.High-speed rail competes with air travel for relatively short distances. To travel by plane, travelling to the airport itself is time-consuming. 

https://youtu.be/J2uIKVTzAVA Plastic Waste ManagementDabur has become a complete plastic waste neutral firm in the country. The firm achieved the landmark of surpassing its plastic packaging usage with recycling. It collected, processed and recycled around 27,000 metric tonnes of post-consumer plastic waste during FY 21-22.Dabur had set the target of recycling over 22,000MT of post-consumer plastic waste. The collected plastic waste is to different Recyclers, Waste-to-Energy Plants and Cement KilnsDabur’s Plastic Waste Management initiative was rolled out in the year 2017-18. It will distribute cotton carry bags to replace plastic bags that are used in households.

 Gaming industry, a key pillar Worried Indian parents across all segments have typically asked their children to stay off video games — but that was until the Covid-19 pandemic broke out two years ago. It was considered nothing less than a taboo then. But recently when the Karnataka High Court reversed amendments to the Karnataka Police (Amendment) Act, 2021, aimed at prohibiting and criminalising participation in online games, it came as a major relief to the country’s $930 million gaming industry.All India Gaming Federation’s (AIGF) Chief Executive, Roland Landers said the Karnataka High Court’s decision was in the right direction. “We…

 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…