Author: News Desk

https://youtu.be/cchgbYa85J4 New SEBI chairperson Madhabi Puri Buch has been appointed the new chairperson of market regulator SEBI. She is the first woman chairperson of the Securities and Exchange Board of India. Buch is the former head of ICICI Securities, also has served in SEBI between 2017 and 2021 as a Whole Time Member. She will replace Ajay Tyagi as his term ends on February 28. The Finance Ministry had invited applications from eligible candidates in October 2021 for the post of SEBI Chairperson. The candidates are shortlisted by the Financial Sector Regulatory Appointments Search Committee headed by Cabinet Committee. Financial…

https://youtu.be/uQCdyKFthsg Reliance to rescueReliance Industries has stepped in to rescue Future Retail Limited . Reliance has taken over the operations of Future Retail’s stores, offering jobs to its employees. Future Retail is locked in a bitter legal wrangle with e-commerce major Amazon over the sale of its business to Reliance.Troubled Future groupFuture Group has been finding it difficult to finance its working capital needs. In a stock exchange filing on February 26, Future Retail said it plans to scale down its offline operations to reduce its losses. It plans to expand its online and home delivery business.Future group’s long stop date…

 277 deals cracked by Indian startups Indian startups have raised $8 billion in the first two months of 2022, according to a media report. This means that nearly $1 billion was invested in the startup ecosystem on a weekly basis in January and February. The ecosystem had raised $42 billion across 1,579 deals all through 2021 and $11.5 billion across 924 deals in 2020, the Business Insider reported.Indian startups have already cracked 277 deals in the first two month of 2022. This includes Reliance-backed Dunzo, Nykaa’s rival Purple, Zomato’s rival Swiggy and others. The data has been based on Entrackr’s weekly…

https://youtu.be/aGF3xch2tcM Fresh fund for acqusitionsFintech company Perfios entered Unicorn Club raising $70 million in a Series C funding round. Investors include Pear Valley Investment and Bessemer Venture Partners. The fresh funds will go for the acquisition of other firms and capital expenditure requirements.Pear Valley Investment, an affiliate of Warburg Pincus, has been allotted 3,27,121 shares for an investment of Rs 412 crore. After this transaction, Warburg Pincus holds 41.69% of post preferential offer capital in the company.Perfios enables businesses to aggregate and analyse structured and unstructured data and help in decision-making. It has facilitated over 500 million transactions per month and…

https://youtu.be/XOtEvQJp3ZoNew flights?Boeing Co and Airbus SE held talks with Tata Group in recent weeks to discuss future plane orders for Air India, a media report said. Tata had regained ownership of Air India after nearly 70 years in a $2.4 billion equity-and-debt deal. Air India has lucrative landing slots.Uphill task to upgradeBut, it is an uphill task to upgrade its ageing fleet and turn around its financials and service levels. Air India has a mixed fleet of over 140 Airbus and Boeing planes. Industry executives estimate that it would cost Tata more than $1 billion to refurbish the ageing aircraft.…

https://youtu.be/bR0l3Eat00s Surge in oil price?The ongoing Russia-Ukraine conflict will push energy and edible oil prices higher in India. Edible oil is an essential ingredient in Indian kitchens. The war will also raise the natural gas rates and coal.These factors will cause inflation, which is already above the upper end of the RBI’s target. India imports nearly 80% of its oil needs. Fears of inflationThe country faces the risk of inflation hitting consumer demand as global crude prices rose above $100 a barrel to multi-year highs. Reserve Bank of India’s analysis shows that every $10 rise in crude prices adds about 0.5 per…

https://youtu.be/OBhPBILXu90 Smallest wearable air purifierNanoclean Global has launched the “world’s smallest” wearable air purifier Naso95. Nanoclean Global, an IIT Delhi start-up, claims it is as effective as an N95 face mask. Naso95  sticks to the user’s nasal orifice and prevents bacteria, viral infection and pollen and air pollution. It comes in four different sizes, gives better protection than a generic facemask or a loosely fitted face mask.According to Nanoclean Global, Naso95 is an N95-grade nasal filter. The product has been tested and certified by national and international labs for its safety and efficiency.

https://youtu.be/abFUuwiIy8A Limited women foundersThe Indian startup ecosystem touched its prime in 2021 with a record level of funding. Although many startups entered the unicorn club, the contribution of women founders have been very limited.Nykaa founder Falguni Nayar says there is a misconception that women have a lot of personal commitments when they start their careers.More flexibility neededThis, even though completely incorrect, becomes an issue for entrepreneurs as they anticipate a change in priority for the woman. “With my own experience I have felt that. Maybe, women need some flexibility during a particular period in their lives,” she said.“I think you can…

https://youtu.be/RCLZceb2-v4 Aiming for more exposure to the startups in the state, Kerala Startup Mission (KSUM) is expanding its wings by associating with national and global partners. KSUM has signed MoUs with eight partners, including the national and international ones. This will provide an exposure for startups in the state.KSUM has partnered with Open FinTech Accelerator and will launch an OPEN Innovation Hub. The programme will be coordinated and implemented by OPEN through KSUM and their other partners in the FINTECH space. This partnership focuses on supporting the FINTECH enterprises with a goal to mitigate the risk that startups face by providing…

 Omicron, a factorFor the first time in several months, air passenger traffic in India declined sharply in January due to the spread of the Omicron variant of coronavirus, a latest  report by the Airports Authority of India (AAI) says.Compared to 25.12 million in December, Indian airports catered to 15.27 million domestic passengers in January. In November, there were 23.23 million passengers, up from 19.64 million passengers in October. In September it was 15.44 million and 14.26 million in August.Airports in New Delhi, Mumbai, Bengaluru, Hyderabad and Kolkata recorded the highest domestic air passenger traffic during January. Airports at New Delhi,…