Author: News Desk

Switch Mobility and Chalo have joined hands for deploying 5,000 electric buses. In a deal worth ₹8,000 crore, making it the largest electric bus deal in India to date. A memorandum of understanding (MoU) for an initial period of three years was signed. The buses with seating capacity of at least 30. It will have recliner seats and air-conditioning, among other features and will be deployed across metros and other cities. Switch will invest in the bus and will maintain it while Chalo will invest in consumer experience, charging infrastructure, drivers, IT and connectivity.

Johnson & Johnson to stop the sale of talc-based baby powder. The global sale will halt in 2023, the company said. Two years ago, it ended the powder’s sale in the US and Canada. The company faces 38,000 lawsuits from consumers and survivors. They claim that the talc products caused cancer. It is due to contamination with asbestos. Asbestos is a known carcinogen. However, Johnson & Johnson denied the allegations.

Rakesh Jhunjhunwala was the ‘Big Bull’ of Dalal Street. When he departs at the age of 62, he leaves behind an unparalleled business legacy. He saw only opportunities in front of him. In four decades, he elevated himself from the status of a chartered accountant to an intelligent investor India has ever seen. He saw opportunities that others failed to spot and established his presence in the country. He also witnessed the successful launch of his dream project ‘Akasa Air’. He was an inspiration to all. And, will always remain in our hearts. Rakesh Jhunjhunwala was the ‘Big Bull’ of…

Varsya’s product portfolio includes eco-friendly notebooks made of recycled paper pulp, carry bags made out of vegetable starch, disposable plates from sugarcane waste and areca nut, and clay tableware. The uniqueness of the carry bags is that they can be melted in water and disposed of on the ground. Nitheesh Sundaresan and his wife Anu Nitheesh started Varsya Eco Solutions Private Limited in 2020. The startup has so far developed two technologies. The startup aims to draw people to eco-friendly living. Its name is derived from the Sanskrit word ‘varsham’ which means ‘rain.’ Varsya’s mission is to create a pollution-free…

India’s first indigenous Hydrogen-fueled electric vessel is likely to be delivered by March-April next year, said Chairman and Managing Director of Cochin Shipyard Limited (CSL) Madhu S Nair. He added that the fuel cell will be produced by a Pune-based company relying on Indian technology. The estimated figure for the ship lift-based shipyard at Wellington Island in Kochi is Rs 970 crore. The facility is expected to be commissioned by December 2023 Kochi will be a ship repair hub after it is commissioned. The project will provide employment opportunities to at least 3,000 people in the shipyard.

Distribution of E20 Petrol to begin from April 2023. Select petrol pumps will distribute it. The process will ramp up later. E20 Petrol contains 20 per cent ethanol. The mission is to reduce oil import dependence. It will also address environmental issues. A fifth of petrol will be made of ethanol by 2025.

Microsoft and the Indian government collaborate on a civil servants training programme. 250,000 civil servants will get trained in computer skills as part of the programme. Microsoft will teach them to use its digital tools like Word, Excel and PowerPoint. These tools have become an integral part of work life. The training will help the workforce to be more efficient. Civil servants can choose their time for training. The training will help officials serve the underprivileged sections.

The telecom department invited applications from enterprises willing to set up captive non-public networks. It will be for undertaking demand studies for direct assignment of spectrum to entities. Applications should be from Enterprises having net worth more than Rs 100 crore. And are willing to set up captive non-public networks by obtaining spectrum directly from the Department of Telecommunications(DoT). The government had issued the ‘guidelines for Captive Non-Public Network (CNPN) licence’ to establish the legal framework. DoT has now launched a module on the Saralsanchar portal for carrying out the demand studies.

CoinSwitch started Web3 Discovery Fund It is a $10 million venture capital fund. It would support early-stage startups and build blockchain solutions. Through this, CoinSwitch intends to realize the vision of #MadeinIndia. Web3 Entrepreneurs will get access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures. CoinSwitch is an Indian crypto company Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari started it in 2017.

Honda Power Pack Energy India Private (HEID) and Hindustan Petroleum Corporation (HPCL) started electric battery swap services at HPCL petrol stations. HEID will operate the battery swap services that will enable auto rickshaw drivers to stop at the nearest battery stations being set up. And swap discharged batteries with fully charged ones. It will significantly reduce drivers’ initial cost of purchasing an electric vehicle. HEID intends to create the largest battery swap network with more than 70 stations in Bengaluru. HEID and HPCL had signed a memorandum of understanding (MoU) and a commercial agreement. To collaborate for working in the…