Author: News Desk
The Unified Payments Interface (UPI) has crossed the $1-trillion mark in transaction values for the financial year 2021-22. The payments system crossed the $5 billion transaction mark last march. The covid-19 pandemic time has seen a large number of people resorting to digitalised banking apps. As of now, Rs 9 lakh crore worth of monthly transactions are being done through the UPI interface. According to data released by the National Payments Corporation of India (NPCI), which operates UPI, 5.04 billion transactions were processed on the platform until March 29, amounting to Rs 8.88 lakh crore, which was a growth of…
How safe are you outside your home? Dyson is taking a new step toward solving this issue. It has announced the first wearable product that builds the firm’s air purification expertise into a set of Bluetooth noise-cancelling headphones aimed at city dwellers wanting to avoid polluted air. This product is sure to make a few heads turn. Unlike any of their usual products, this is a set of large, plush headphones with a plastic mask-type contraption that connects from ear to ear across the wearer’s mouth and looks like something out of a sci-fi movie. There is also a magnetic…
The government is considering increasing the stake for initial public offering of state-run Life Insurance Corp. of India (LIC) It may sell from 5% to 6.5% and may increase as much as 7.5% The government will have to file revised share sale documents if it wants to sell more than 7.5% Discussions on increasing the IPO size begun after evaluating the Russia-Ukraine war and its impact on the stock markets The success of LIC’s IPO is crucial for the government to meet its asset sales goal The asset sales goal has been kept at a conservative ₹65,000 crore for the…
Open has a new concept for its employee’s retirement : Hema Anand Anish Achuthan founded NeoBank Startup- Open, has made a memorable and fresh start in the startup world. The company has given a gift of Rs 3 crore shares and a retirement package of Rs 30 lakh to Hema Anand, who has retired from the Fintech startup, Open. Since retiring from a startup itself is rare, the package provided with the farewell was even more impressive. Hema Anand was the Vice President, Operations at Open. They also fulfilled Hema’s wish to meet Bollywood singer KK in person. KK’s private…
Anubhuti – An Experience, earning around Rs 11 lakh in a single year from Rs 2,500 Starting an online business with just Rs 2,500 and earning around Rs 11 lakh in a single year is not a trivial matter. That too an initiative by a housewife. Anubhuti Jain Mishra, 32, from Lucknow, is setting a different example with her venture Anubhuti-An Experience. Anubhuti resigned her job at Google following the birth of her son in 2019. Her son, who had congenital kidney disease, needed full care. Amidst the responsibilities and hustle and bustle of a housewife, Anubhuti was on the…
The Competition Commission of India (CCI) has ordered a probe into the operations and business models of Swiggy and Zomato The probe was ordered pertaining to alleged violations of Section 3(1) and 3(4) of the Competition Act The CCI stated that there exists a prima facie case with respect to some of the conduct of Zomato and Swiggy, which requires an investigation by the Director General (‘DG’) It will determine whether the conduct of these companies have resulted in contravention of the provisions of the Competition Act The probe is response to a complaint filed by the National Restaurant Association…
Panasonic is joining the high-growth electric vehicles market It has plans to invest nearly $4.9 billion in automotive batteries, supply chain software and cyber physical systems It is also targeting an accumulated operating profit of 1.5 trillion yen over the period The group aims to reduce the impact of over 300 million tonnes of CO2 Last year, the company closed a $7 billion acquisition deal with supply chain AI software provider Blue Yonder Earlier, Panasonic formed a joint venture with Toyota that specialises in automotive batteries
It’s been almost two years since DHONI retired from international cricket but he is still a brand favorite. Retired athletes need to redefine their brand position themselves. Because when their playing days come to an end, their popularity will plummet. But in the case of Dhoni, the brand has not declined. Even after announcing his retirement from all formats of international cricket in 2020, Dhoni continues to shine in the silver lining of advertisements. In 2020, Dhoni’s brand value was $ 36.3 million. But in 2021, Dhoni’s star value rose to $ 61 million. The victory of Chennai Super Kings…
US Consul General Judith Ravin urges US-India cooperation in Kerala US Consul General Judith Ravin urges US-India cooperation in Kerala The U.S Consul General visited Thiruvananthapuram and Kochi. Chief Minister Pinarayi Vijayan, Health Minister Veena George and Leader of the Opposition V.D. Satheesan met Judith Ravin The Consul General also met with Governor Arif Mohammad Khan The visit was to directly observe, evaluate and strengthen the activities of the U.S government with partners in Kerala The visit was also aimed at sharing information about educational, research and exchange opportunities in the United States. Judith Ravin also participated in the lecture…
With 9% Stake in Twitter, Musk becomes top stakeholder Elon Musk has acquired a passive stake of 9.2 per cent in Twitter Inc as of March 14, 2022 It made him Twitter’s largest shareholder It also triggered a more than 25% rise in the company’s shares Twitter Inc said Musk owns 73,486,938 shares of common stock in his personal capacity This comes days after he said a statement about building a new social media platform Musk, in the past, has suggested there should be a way to identify bots and troll army on Twitter Musk, even though is very active…