Author: News Desk

E-commerce sector to create more jobs in the festive season By Diwali, 5 lakh jobs will be created Tier-1, tier-2, and tier-3 cities show demand for gig workers The highest demand is for delivery workers Currently, India has 3-4 lakh delivery executives Third-party logistics segment to add 8 lakh jobs by December 2022 Quick-commerce, QSRs, retail stores, FMCG, and FOS (foot-on-the-street) salesmen are other fast-growing areas

Tesla introduced ‘Optimus’, a prototype of a humanoid robotIt was revealed at the Tesla office in Palo Alto, CaliforniaWork on the experimental test robot had begun this FebruaryA video tweeted by Musk showed Optimus dancing and waving at the crowdMusk said the humanoid robot can be sold at a price of $20,000 a pieceIt is way cheaper than some of Tesla’s carsThe company will take orders in the next three to five yearsMusk added that Optimus can make the future awesome

Hero MotoCorp launches its first electric scooter worldwideThe ‘Hero Vida V1’ electric scooter comes in two variantsThey are ‘Vida V1 Plus’ and ‘Vida V 1 Pro’It is available in three ride modes – Eco, Ride and SportsBoth scooters have a top speed of 80 kmphThe price of the scooter will range from Rs 1.45 lakh to Rs 1.59 lakhThe scooter will be first launched in New Delhi, Jaipur, and BengaluruHero MotoCorp is India’s largest two-wheeler maker

On Friday, the domestic intra-city logistics startup COGOS partnered with Maruti Suzuki, the largest automaker in India, to make it simple for COGOS’ driver partners to adopt compressed natural gas (CNG) vehicles. This “project, a first in the logistics industry, is accessible for CNG cars to encourage sustainable and green logistics,” the company claims. The offer has been put into place with the assistance of Maruti Udyog’s Kalyani Motors to aid in national promotion of the Driver-Cum-Owner (DCO) model. The short-haul and last-mile delivery segments account for almost 50% of the $150 billion domestic transportation logistics market. Currently, third-party logistics…

The central bank-backed digital rupee for specified use cases will shortly be launched in limited quantities as a pilot project by the Reserve Bank of India. The RBI said it has been researching the advantages and disadvantages of a central bank digital currency for some time and is developing a plan to roll it out gradually. The RBI noted that use cases for an e-rupee are being looked at in a way that causes little to no disturbance to the financial system. The Indian government had announced in February that a digital rupee would be introduced throughout this fiscal year.

Musk-Twitter deal poses a headache for Wall Street banks. After the legal drama, Musk agreed to buy Twitter for $54.20 per share. Now, it is time for Morgan Stanley’s Wall Street Banks to step up. However, Wall Street banks have a tough time meeting it. They are already struggling to offload billion of dollars in buyout debt. They committed debt financing for the Musk-Twitter deal in April. The intention was to sell most of that to institutional investors. Bankers may struggle to sell it as credit markets begin to crack. They will have to offer the debt at a steep…

The first coach of next-generation Vande Bharat trains will be out within 16 months. The maximum speed of these trains will be 200 kmph. Currently, the maximum speed is 180 kmph. About 1,600 coaches for the upgraded version will be manufactured. The Marathwada Rail Coach Factory at Latur will manufacture them. Each of them will cost Rs 8 crore to Rs 9 crore.

Bollywood diva Madhuri Dixit-Nene spent Rs 48 crore on a beautiful apartment with a sea view. The society is located in Mumbai’s posh Worli neighbourhood. In the agreements, the unit is valued at about Rs 90,000 per square foot. On the 53rd story is Madhuri Dixit’s apartment. The aforementioned home was bought by Madhuri at Indiabulls Blu, Lower Parel. Large swimming pools, a football field, a gym, a spa, a club, and numerous more facilities can be found in the society. The apartment has a total area of 5,384 square feet and seven parking spaces.

Under the PM Gati Shakti national master plan for multi-modal connectivity, the government of Andhra Pradesh proposed nine projects to the Government of India (GoI) for financial support totaling 782 crore. For FY 2022–2023, there will be an allocation of 5,000 crore for all India schemes. A.P. Industrial Infrastructure Corporation and other relevant departments have provided basic geographic data on them, which has then been sent to Bhaskaracharya National Institute for Space Applications and Geoinformatics (of the Ministry of Electronics and Information Technology) for the creation of a geospatial database. Various steps of project approval are currently underway. The two…

Tiger Global Management is aiming to raise $6 billion for its upcoming venture fund, despite having to write off the value of its private portfolio due to institutional investors’ retreat from the asset class. According to people familiar with the situation who asked to remain anonymous because they were discussing private communications, that figure is lower than the $8 billion some clients had initially been told the firm would probably target because markets have changed and because Tiger Global now places more emphasis on early-stage venture bets. Additionally, the amount is just slightly larger than the previous vintage. According to…