Author: News Desk
4.5 lakh new jobs India’s IT sector is set to grow at 15.5 per cent “the fastest in over a decade” to USD 227 billion in FY22, as the pandemic pushes up demand for digitisation at companies across the world, Nasscom has said. The revenue growth is much higher than the 2.3 per cent achieved in FY21 in the immediate aftermath of the COVID-19 pandemic, and double that of the pre-pandemic FY20, Debjani Ghosh, the president of Nasscom, told reporters at its strategic review. Global IT spending grew at 9 per cent to USD 1.9 trillion in the period. She…
Aims 1 billion users Digital technology firm InMobi’s social media arm Roposo is in talks with Reliance Retail for a social commerce related business deal which is expected to be rolled out in the next two quarters, a top official said. SoftBank-backed InMobi’s co-founder and CEO Naveen Tewari was quoted as saying by PTI that the company is looking to reach 1 billion users in the next 2-3 years by building various partnerships and expanding its footprint overseas. “We are partnering with Reliance Retail to provide the e-commerce back-end for a new generation front — a commerce experience of influencer-led…
http://v Ford coming backFord Motor Co is considering producing electric vehicles in India for export . Ford is exploring the possibility of turning one of its car plants in India into an export base for EV manufacturing. It has two car plants in India. The move would allow Ford to re-enter India.Eyes domestic EV marketIt is also looking for sales in the domestic market. Moreover, there is a cost-benefit to manufacturing in India. This development comes months after Ford decided to stop selling and manufacturing cars in India. However, the decision came as a setback for the “Make in India” campaign.
https://youtu.be/CfWgoNRN1Dg ‘Moment of truth’Industrialist Ratan Tata went for a ride in the custom-built 72V Nano EV. The Pune-based Electra EV informed this development in a LinkedIn post. The firm called it a ‘moment of truth’.The firm was hoping to gain insights from Tata’s feedback after his car ride. In the photo, Ratan Tata could be seen accompanied by his executive assistant, Shantanu Naidu. Tata Nano EV is a four-seater with a predicted range of up to 160 km . Tata Motors EV is powered by super polymer lithium-ion batteries
Strengthen Cult.fit’s network Health and wellness platform Cult.fit has picked up a majority stake in F2 Fun & Fitness India Pvt Ltd for an undisclosed sum and subsequently became the master franchise partner for Gold’s Gym in India. Currently, F2 Fun & Fitness India is the master franchise partner for Gold’s Gym in India. Cult.fit will invest in scaling revenue of existing Gold’s Gym centres through “top-of-the-line marketing endeavors”, and facilitating centre expansion via franchisees in coming years, the company said in a statement. Through the partnership, the company will also enable all the Gold’s Gym centres with its centre-tech…
Applicable for all mobile phones Flipkart has introduced its new ‘Sell Back Programme’ that offers customers a platform to sell their used mobile phones. Through this programme, customers can sell their used mobile phones while receiving a buy-back value in the form of a Flipkart Electronic Gift Voucher. The programme will be applicable for all mobile phones. No matter if it is purchased on Flipkart or not, and will be rolled out to additional categories later this year. The programme is live across 1,700 pin codes and in cities such as Delhi, Kolkata and Patna. This is done as Flipkart aims to…
https://youtu.be/pOyOgvZuMp0 High-profile summit The ‘Huddle Global’ Meet, one of the largest start-up conferences in Asia, provides an opportunity for startups to showcase their products and interact with leading figures in the technology sector. Techies and industry leaders will discuss ways forward for startups around the world after Pandemic. Huddle meet will take the initiative to ensure financial and technical support for startups to accelerate their growth. Huddle Global, organized by Kerala Start-up Mission, will be inaugurated on February 19 by Chief Minister Pinarayi Vijayan. Industry and Law Minister P Rajeev will preside over the function. Huddle Global, India’s largest networking…
https://youtu.be/4Qe_n6hu_zA New CEO and MDTata Sons has appointed Ilker Ayci as the MD and CEO of Air India. Ayci was the Chairman of Turkish Airlines. He will assume his responsibilities on or before April 1, 2022, Tata Sons said.”I am delighted and honoured to accept the privilege of leading an iconic airline and to join the Tata Group,” Ayci saidAir India is the third airline brand in the Tata Group’s stable. It holds a majority interest in AirAsia India and Vistara, a joint venture with Singapore Airlines.
https://youtu.be/h4kV8uAZYLM Promote domestic drone industryIndia has banned the import of drones except for R&D, defense and security purposes. The ban is aimed at promoting the domestic drone manufacturing industry.“Import policy of drones under HS code 8806 is ‘Prohibited’ with exceptions provided for R&D, Defense and Security,” a notification said. However, import of drone components shall be ‘Free’, it said.The move comes after the Union Budget proposed the Drone Shakti scheme. The scheme is to facilitate the application and use of ‘drones as service’ in the country.
https://youtu.be/-10gtzyPmK4 AI musicApple has acquired a startup called AI Music that uses artificial intelligence to generate tailor-made music. This technology could be used across its slate of audio offerings. Technology developed by AI Music can create soundtracks using royalty-free music and AI.Small dealThe idea is to generate dynamic soundtracks that change based on user interaction. AI Music said its goal is to “give consumers the power to choose the music they want. The startup had earlier deals with advertising companies to create more engaging ads. While relatively small, the deal is one of Apple’s acquisitions in the past year.