Author: News Desk

Russia Ukraine war cast gloom over economy The pandemic’s impact on major economies has been four times worse than that of the 2008 global financial crisis. Fiscal and monetary stimulus in wealthier countries has made things worse for low-income countries The pandemic’s impact on major economies has so far been four times worse than that of the 2008 global financial crisis. In the second quarter of 2020, US GDP fell by 9.1% compared to the previous three months, dwarfing the 2% quarterly contraction in the same period in 2009. The eurozone economy fared even worse, shrinking by 11.8%. Many developing…

India’s unique geography, geology together with its vast climatic diversity make it prone to climate change. As part of its endeavour to accomplish sustainable development goals, India has made strides towards a low-carbon economy with ambitious targets such as 175 GW of renewable energy capacity by the year 2022. Such targets warrant massive capital funding. Green Bonds are a debt instrument issued by companies, countries and multilateral organisations to exclusively fund projects that have positive environmental or climate benefits and provide investors with fixed income payments. The projects can include renewable energy, clean transportation and green buildings, among others. Recently, the finance minister in…

https://youtu.be/3xcsPECWfYMThe Department for International Trade and London & Partners offered a 3 day introductory programme to the UK’s tech ecosystem for startups and ventures in Kerala. The aim of the program was to share opportunities for companies and entrepreneurs seeking to expand their operations globally. Kerala Startup Mission and G-Tech jointly developed the interactive platform. Upasana Srikanth, Inward Investment Adviser, Department for International Trade, British Deputy High Commission, Chennai, Dr.Chris Moore, Department for International Trade and Technology Sector Specialist, London & Partners-India, and Neha Karnad, Business Development Executive – interacted with startups. The three-day program was able to reach as…

PLI to invite investments in EV sector Production Linked Incentive (PLI) Scheme for the automobile sector proposes financial incentives of up to 18% to boost domestic manufacturing of advanced automotive technology products and attract investments in the automotive manufacturing value chain. As many as 20 companies including Hyundai Motor India, Suzuki Motor Gujarat, Ashok Leyland, Mahindra & Mahindra (M&M), Hero MotoCorp, Bajaj Auto, Ola Electric Technologies have been approved for the Production Linked Incentive (PLI) Scheme for the automobile sectors. India must take the giant leap from fossil fuel-based system to EV ecosystem. Scrutiny to apprehend the two listed below…

https://youtu.be/u_WmMKleFZUI for one have used India’s leading financial service, paytm on a regular basis.. but why was there a ban imposed by RBI on it? Let me tell you why! The RBI in exercise of its powers, inter alia, under section 35A of the Banking Regulation Act, 1949,  has banned paytm  from onboarding new users after its servers were found sharing information with China-based entities that indirectly own stakes in the fintech giant’s unit, India’s central bank would set the terms of reference for an independent technology audit of Paytm Payments Bank for alleged violations of customer acquisition and privacy rules…

Shah Rukh Khan announces his OTT app ‘SRK +’ on social media https://youtu.be/KOMisrTQGc0Bollywood actor Shah Rukh Khan has launched his OTT Venture, SRK +“Kuch kuch hone wala hai, OTT ki duniya mein,” wrote SRK on social media launching the platformOn Instagram, he put up a post that shows his photo alongside the logo ‘SRK +’Shah Rukh had ventured into the digital streaming world as the producer of “Bard of Blood” and “Betaal”Salman Khan, Anurag Kashyap and Karan Johar congratulated Shah Rukh on his new ventureSRK will be next seen in “Pathaan” which is gearing up for release on January 25,…

Reliance to buy assets of battery firm Lithium Werks for $61 million https://youtu.be/P87ayVFa9OcReliance Industries Ltd announced acquisition of assets of Lithium Werks for $61 millionLithium Werks is a cobalt-free lithium battery technology companyIt builds technology and material wherewithal for its new energy forayIts batteries are used in industrial, medical, marine, energy storage, commercial transportation etcThe assets include the entire patent portfolio of Lithium Werks and manufacturing facility in China and key business contractsThe transaction is expected to complete by June 2022This will allow Reliance to deliver a cell manufacturing facility including leading IOT/AI capabilities

Nestle hikes price due to inflation https://youtu.be/ewhCCt0Jzd4Suresh Narayanan,  Chairman Nestle India, raises concern over food and commodity inflationNestle India  reported a 3% increase in its net profit to Rs 2,144.86 croreMaggie, Nescafe, Nestle A one milk encounters impact of a 2% to 5 % price hikeHUL hikes Bru coffee and Taj mahal tea by 3.5 to 7.5%Nestle India share price rose by  0.66% making present share value at 17486.40 rsThe new rates has been implemented from  March 14, 2022

India’s Digital Economy To See Exponential Growth To $800 Billion By 2030: Finance Minister https://youtu.be/kHR80oh8yPEIndia’s digital economy will witness exponential growth to $800 bn by 2030, FM Nirmala Sitharaman saidThis surge is due to rising internet penetration and increasing incomeIndia has over 6,300 fintechs, of which 28% are into investment technology, 27% into paymentsAnd, 16% into lending and 9% into banking infrastructure, while over 20% are into other fields, the FM saidSitharaman said the combined valuation of India’s fintech industry is set to surge to $150 billion in the next three yearsShe said that majority of the startup unicorns are…

Official Appointment Of N Chandrasekharan As Air India’s New Chairman https://youtu.be/mCbgvJkyr8oNearly 2 months succeeding the takeover of Air India by Tata; they have now announced Mr Natarajan Chandrasekaran as their new chairman. Mr Natarajan Chandrasekaran an avid photographer and a passionate long-distance Runner has Marathoned his way into being the chairman of air IndiaHe also chairs the Boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, and Tata Consultancy Services (TCS) – of which he was Chief Executive Officer from 2009-17Mr Chandrasekaran was noted saying that the entire nations eyes are on them .. it is…