Author: News Desk

https://youtu.be/mzmhXsRjL3E Great mileageElectric scooter ‘Simple One’ is set to launch later this year. The scooter is expected to be priced under Rs 1,20,000, undercutting its direct rival Ather Energy. The electric scooter will have a customisable touchscreen offering Bluetooth and 4G connectivity, remote locking and more. The Bengaluru-based startup’s first electric scooter will have a range of up to 240 kilometres in Eco mode.Launched in phased mannerIt will be launched in select cities in south India in the initial phases. This includes Bengaluru, Chennai and Hyderabad. Other cities will be added later, the company has confirmed.

https://youtu.be/jpIOb2CILEc Adani’s media businessAdani Group is taking a minority stake in local digital business news platform Quintillion. This marks billionaire Gautam Adani’s first bet in the news industry. The news of Adani’s entry to media was first reported in September last year. Adani Media Ventures had then appointed veteran journalist Sanjay Pugalia to lead the firm. Bloomberg Media in a separate statement said it was ending its equity joint venture with Quintillion in India.It was not immediately clear whether Adani picked up Bloomberg’s stake. Gautam Adani is one of Asia’s richest alongside Mukesh Ambani, chairman of Reliance Industries.   

Support promising startups Aiming to help India’s next generation of innovators unlock this growth opportunity, MeitY Startup Hub, an initiative of the Ministry of Electronics and Information Technology (MeitY), and Google has announced a cohort of 100 Indian early to mid-stage startups.  The development programme by MeitY Startup Hub and Google, the goal of the Appscale Academy is to identify, and support promising Indian startups and help them grow into successful global businesses. The 100 startups were chosen from over 400 applications following an in-depth selection process that took into account their creative ideas and innovation, product quality, product scalability, and talent diversity. Bhuvnesh Kumar,…

 Huge growthNearly 20 percent of Indian ultra high-net worth-individuals (UHNWIs) invested in crypto assets last year amid rising popularity of cryptocurrencies and NFTs, according to a Knight Frank report. UHNWIs are those who have a net worth of USD 30 million (about Rs 226 crore) or more.In its Wealth Report released on Tuesday, Knight Frank said 18 per cent global UHNWIs now own cryptocurrencies or tokens, and 11 per cent have invested in NFTs (non-fungible tokens). “In the case of India, 18 percent of the ultra-wealthy have invested in crypto assets. 10 percent of them being invested in cryptocurrencies/tokens and…

Loses arbitration Fintech firm BharatPe’s managing director Ashneer Grover has resigned minutes after receiving an upcoming board meeting agenda, which included consideration of action against him based on the report submitted by advisory firm PwC. “Ashneer Grover resigned as Managing Director and from the Board Director of BharatPe minutes after receiving the agenda for upcoming Board meeting that included submission of the PWC report regarding his conduct and considering actions based on it. The Board reserves the right to take action based on the report’s findings,” Bharatpe said in a statement. “I write this with a heavy heart as today I…

https://youtu.be/oG_FNoCqKJs The young grandmasterR Praggnanandhaa, a 16-year-old from Chennai has become the third Indian to beat world champion Magnus Carlsen after Viswanathan Anand and P. Harikrishna. The teenager achieved this milestone in the eighth round of the Airtings Masters, an online rapid chess competition.Praggnanandhaa, who played aggressively from the start, missed an opportunity to beat Carlson in the middle of the game. But when he came back, he put constant pressure on Carlson and finally brought the world champion to his knees. Carlson sat with his hands on his face in panic as he realized he was about to lose in…

https://youtu.be/RmLmXS6fEP8 Starlink’s services in UkraineElon Musk has said his company SpaceX’s Starlink satellite broadband service had been activated in Ukraine. This is after a Kyiv official urged the tech titan to provide his embattled country with stations.”Starlink service is now active in Ukraine,” Musk tweeted, adding “more terminals en route”. Internet monitor NetBlocks said Ukraine has seen a “series of significant disruptions to internet service” since Thursday. Internet across planetStarlink operates a constellation of more than 2,000 satellites that aim to provide internet access across the planet.It has launched a further 50 Starlink satellites and many more are slated to be put…

War keeps waiting With the Russia-Ukraine war roiling financial markets globally, the government may defer the mega IPO of LIC and wait for an opportune time to get the maximum value of its holding in the state-owned insurance behemoth, sources said. “It’s a full blown war now so we will have to assess the situation for going ahead with the LIC IPO,” a government source said. Finance Minister Nirmala Sitharaman too had indicated review of the IPO in view of the evolving geopolitical situation. “Ideally, I would like to go ahead with it because we had planned it for some…

https://youtu.be/a8E08G0YYwY Strengthen Angel investor network’Ignite 2022′ is an opportunity to connect Kerala startups with investors in Dubai. ‘Ignite 2022’, organized to inspire entrepreneurs in the Middle East to invest in technology ventures and startups, was marked by the participation of entrepreneurs and investors. Ignite aims to form the Angel Investors Network, which includes expatriate entrepreneurs who want to invest in startups. Malayalee entrepreneurs, businessmen and government representatives who have made their mark in various fields were part of the meet. Kerala Startup Mission will sign a Memorandum of Understanding (MoU) with Dubai Technology Entrepreneur Campus – Dtec to create new opportunities for startups in Dubai.Oppurtunities…

Accuse media Former Turkish Airlines chairman Ilker Ayci on Tuesday said he has declined the Tata Group’s offer to be the chief executive officer and managing director of Air India as “some sections of the Indian media” have attempted to “colour” his appointment in an undesirable manner. Ayci is considered to be close to Turkish President Recep Tayyip Erdogan, an ally of Pakistan. RSS-affiliate Swadeshi Jagran Manch had said that the government should not give clearance to the appointment of Ayci, the chief executive officer (CEO) and managing director (MD) of Air India, “keeping in view national security”. Tata Sons…