Author: News Desk
Finance solar projects Aiming to strengthen the existing financing arrangement for solar power projects, State Bank of India (SBI) has launched a dedicated centralized processing cell – ‘Surya Shakti Cell’. The Bank has joined hands with Tata Power Solar Systems Ltd. (a Tata Power Company) for financing solar projects. The Surya Shakti Cell will process all the loan applications for Solar Projects (capacity up to 1 MW) sourced from across India, for installation by business entities as well as households. Itl was inaugurated by Dinesh Khara, Chairman, SBI in the presence of Dr. Praveer Sinha, CEO & MD, Tata Power…
https://youtu.be/u_MepeuMNP4 Work from home A study by The Talent Tech Outlook 2022 shows that remote working has become the new normal. According to the study, 82% of employees prefer working from home. The fast-evolving ‘Future of Work’ is getting past the world of conventional HR, said SCIKEY founder and CEO Karunjit Kumar Dhir. New ecosystemThe study said that the new ecosystem let people go beyond the confines of company payroll and office boundaries. Office spaces will become more of occasional meeting places and alternate workplaces, it said. 64 percent of employees said they have been more productive and less stressed while working from…
https://youtu.be/jnRLl7sBcJ4 Digital currency Finance Minister Nirmala Sitharaman has announced in the Budget that the Reserve Bank will introduce the Digital Currency (CBDC) in the country. The budget also says that the digital rupee blockchain and other technologies will be used. The digital currency is seen as the government’s next move to nurture the Indian digital economy. The digital currency, which is inspired by the cryptocurrencies Bitcoin and Ether, will be controlled by the Reserve Bank. This is what differentiates the digital rupee from crypto. India’s digital currency will be more efficient and simpler. The finance minister had said in the…
Battery swapping Finance Minister Nirmala Sitharaman has proposed the formulation of a battery swapping policy for EV charging stations. She also announced the introduction of modern building by-laws. The minister said the government would also promote the use of public transport in urban areas. “Considering the constraint space in urban areas for setting up (electric vehicles) charging stations, a battery swapping policy will be brought out and interoperability standards will be formulated,” Sitharaman said in her Budget speech in the Lok Sabha. She stated that the private sector will be encouraged to set up sustainable business models for battery or…
Is Digital rupee the future? To boost India’s digital economy, RBI is coming out with the digital rupee or Central Bank Digital Currency (CBDC). The concept of the Digital Rupee presented at the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman is meant to take some inspiration from cryptocurrencies like Bitcoin, but with the regulations of the central bank. According to the finance minister, Digital Rupee or CBDC will work “using blockchain and other technologies”. So that is one aspect that all the cryptocurrencies share with the upcoming digital currency of India. The other is the problem it means to…
https://youtu.be/cAiBE4Eh_Zg E-mobilityTVS Motor has acquired a 75% stake in e-bike maker Swiss E-Mobility Group (SEMG). SEMG is a market-leading provider of e-mobility solutions. The 75% stake has been acquired at a price of Rs 490 crore. The firm plans to buy out the remaining 25% stake next year.The current acquisition will offer TVS $100 million in revenues from the growing e-bike space of Europe. Earlier, TVS had acquired EGO Mobility, a Swiss e-mobility solutions company, and Norton Motorcycles.TVS will bring SEMG’s four brands- Cilo, Simpel, Allegro, and Zenith this year.
Record unicorns India has generated a record 44 unicorns in 2021, taking the overall number of unicorns in India to 83. Of this, most belong to the services sector. According to the Economic survey, India has over 61,400 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) with at least 14,000 recognised during the financial year 2022. It also said that 555 districts in India had at least one new startup. Going by this, almost 75% districts of the country are likely to be having at least one startup each.”During 2021, the government recognised over 14,000…
Focused on Tesla Bot Tesla has said that it is not working on new cars this year and the firm will not unveil any new model. Tesla CEO Elon Musk, has said that Tesla Bot, which was announced last year, will be the most significant product for his team in 2022. Optimus, the robot, was teased in a Tesla China video about the company’s new R&D centre in Shanghai, implying that the team there is working on the development of the robot. In December, Elon Musk had said the robot could assist in resolving the labour shortage. This indicates that…
https://youtu.be/ZYB82Lq9y00 Ola FuturefoundryOla has announced Ola Futurefoundry, its global center for advanced engineering and vehicle design. This centre will be based in Coventry in the UK. Ola Futurefoundry will work in-sync with the design and engineering teams based in Bengaluru. It will house global talent across multiple disciplines of 2W and 4W vehicle design.Research and developmentAdvanced high-performance automotive engineering, digital & physical modeling etc would be the focus. It will also house talent that will focus on vehicle R&D around new energy systems. Ola will also invest over $100 million over the next 5 years.
https://youtu.be/6l7ZX_D_tMQ Karsanbhai Patel who raised the Nirma brand as his daughter The attractive jingle of Nirma washing powder and the image of the ‘Nirma girl’ were quite popular in the 90s. The ad and brand got deeply etched into people’s minds. Let’s hear the success story of Karsanbhai Patel, the man behind Nirma Washing Powder. It is generally said that business is in the blood of any Gujarati. Karsanbhai Patel, who quit his government job and started his business, also wrote a success story. It is the story of selling household detergent on a bicycle and later developing it into…