Author: News Desk

Union Minister  for Electronics and Information Technology, Rajeev Chandrasekhar said that the IT ministry had no proposal to limit the sale of foreign-made smartphone brands under Rs 12,000. Chandrasekhar’s comments came after the reports that the capital may impose restrictions to encourage domestic players. Electronics as a sector has become the sixth largest export from India this year, he noted.

Indian billionaire Gautam Adani has overtaken France’s Bernard Arnault to become the  third richest person in the world according to the Bloomberg Billionaires Index. This is the first time an Asian has made it into the top three spots on the Bloomberg Billionaires Index.  Gautam Adani, who has a net worth of $137.4 billion, has overtaken Bernard Arnault to be in the list after America’s Elon Musk and Jeff Bezos. In 2022 alone, Adani added $60.9 billion to his fortune. That’s five times more money for him than for anyone else. He overtook Mukesh Ambani to become Asia’s richest person…

Chairman Mukesh Ambani announces the succession plan of Reliance Industries (RIL). Isha Ambani will lead Reliance’s retail business. Youngest son, Anant Ambani will head the Jamnagar-based Reliance New Energy business in Gujarat. The crucial announcements came at the company’s 45th annual general meeting. The new announcement comes almost two months after Akash Ambani was announced as Reliance Jio’s chairman. Mukesh Ambani will continue to lead Reliance Industries. He said he will dedicate himself to making the company stronger and future-ready.

Mukesh Ambani at Reliance’s annual general meeting said that the company’s scientists have developed a method to create biodegradable and compostable plastics, completely replacing single-use plastics. RIL is one of the world’s largest plastic producers, contributing over half of India’s plastic production.RIL currently recycles 2 billion PET bottles per year at its facilities in Balabankki, Hoshialpur and Nagothane. To support this transition, RIL established a recycled polyester staple fiber (PSF) production facility in Andhra Pradesh last August. RIL also announced the commissioning of a PET plant in Dahej capable of [producing million tonnes per year. This is expected to be…

Lamborghini is working on launching its first hybrid car in India next year. At the same time it is launched globally. It is part of the company’s global electrification strategy. Lamborghini is yet to launch a fully electric car. The company is expected to unveil the electric car in 2028.

Maruti Suzuki has huge investment plans in India. Maruti Suzuki’s announcement comes as it completes 40 years in the country. Prime Minister Narendra Modi laid the foundation stone for Suzuki EV Battery Plant in Hansalpur, Gujarat and Vehicle Manufacturing Plant in Kharkhoda, Haryana. The Prime Minister appreciated Suzuki for realizing the potential of the Indian market. The Prime Minister said that many other Japanese companies have expressed interest in investing in India. Japanese Prime Minister Fumio Kishida praised Narendra Modi’s strong leadership and attributed Maruti Suzuki’s success in India to the people and the central government. The factory at Hansalpur…

Meesho shuts its Superstore grocery business in India. It closed 90 per cent of this business. Nagpur and Mysuru were excluded. About 300 employees have lost their jobs. Superstore was operational in six cities Karnataka, Telangana, Andhra Pradesh, Gujarat, Madhya Pradesh, and Maharashtra. Meesho rebranded Farmiso to Superstore in April. The aim was to fulfil the demand for daily essentials.

In 2020, the Covid-19 lockdown forced many shopkeepers to shut their businesses. Suumit Shah and Subhash Choudhary’s venture Dukaan, started in 2020, aimed to solve this issue. They created the app within 48 hours. Here is their story. One of the founders and CEO of Dukaan, Suumit Shah used to work at his uncle’s shop in Maharashtra. He later learned engineering, web designing and marketing. He introduced the idea of Dukaan to Subhash Choudhary, co-founder and CTO of Dukaan. The duo had worked together earlier to launch Risemetric, a marketing service company, and later Rankz, a company providing marketing tools and more.  The duo decided to create Dukaan, an online marketplace, to help small retailers and merchants sell their products without…

Ashok Soota is the  Executive Chairman of Happiest Minds Technologies Limited. He is one of the leading pioneers in the  IT industry with 30 years of experience.  In 1965, he started his career at the Shriram Group of Industries in India. From 1984 to 1999, he was President of Wipro Infotech for about 15 years. In 1999, he co-founded an Indian multinational IT outsourcing company called Mindtree, headquartered in Bangalore, India.  In 2011, he co-founded an IT externalization company called Happiest Minds Technologies Limited, headquartered in Bangalore, India. A company known for its digital transformation, infrastructure, security and product development…

Born in Rameswaram, Abdul Kalam was the youngest child of Jainulabiddin. An average student, he was a bundle of energy. Since his family was poor, he could not have toys like other children. His mother worked hard to run the family. Even when he was a student, Kalam would wake up in the morning to distribute newspapers. The money he got he gave to his mother. Mathematics was his interest. He scored high in the subject. Despite poverty, he dreamed big. His dream was to become a pilot in the Air Force. There were only eight seats. When the results…