Author: News Desk

https://youtu.be/Zfa8LhRLhtk The incentive scheme is a part of the government’s bid to make the country a hub for electronics. India will set up more than 20 semiconductor design, components manufacturing and display fabrication units over the next six years.Electronic hubThe new semiconductor policy will help deepen India’s manufacturing base. Investments worth Rs 1.7 lakh crore are expected to materialize. It will generate 35,000 high-quality jobs and one lakh indirect employment. Recently, semiconductor supply has been severely disrupted causing a huge crisis.

https://youtu.be/jTZFUXa5uEY German luxury carmaker BMW has launched its technology flagship all-electric SUV iX in India. The introductory price is Rs 1.16 crore.Electric SUVBMW iXwill be imported to India as a completely built-up unit. It is powered by two electric motors for the front and rear axles. It is capable of accelerating from 0-100 kmph in 6.1 seconds with an output of 326 hp. The BMW iX will come with a complimentary smart BMW Wallbox charger.It can be integrated at home to enable safe and convenient charging up to 11kW. The 11kW AC charger can charge 100% in about 7 hours and…

https://youtu.be/sPWuMo8AX9A Union minister Nitin Gadkari said he will launch a battery-electric tractor in the coming days. Accelerate agricultureThe introduction of tractors will bring down the overall cost of farm produce, Gadkari said.The minister declined to name the company which is launching the electric tractor. Gadkari hinted that electric tractors can haul farm produce from the fields to the market. India’s tractor market has grown by 16% to 8.59 lakh from January to November. Only Punjab-based Sonalika Tractors have commercially launched an electric tractor. Market leaders Mahindra & Mahindra and TAFE are yet to announce their electric tractors.

https://youtu.be/aNve-RfYRgM South Indian access Nayanthara has launched a new venture with a renowned dermatologist Renita Rajan.They have come up with a creative range of lip balms under the label The Lip Balm CompanyCreative range of productsNayanthara said she does not make compromises when it comes to beauty products and looks for high performance and safety. She said that these values have been incorporated into her company’s DNA as well.The actress said that the team is proud of the new creative range of products and these products are bound to resonate with people who are looking for something extraordinary.Renita Rajan said, “What…

https://youtu.be/20U7-r0dJes In the present scenario, everyone is discussing the new technologies and technological disruptions around the world, specifically focusing on the Covid pandemic. The future of media is affected and what will be the greatest disruption going to happen for the media is a big question.  Digital disruption“Digital disruption is there and it’s been happening for the past decade or so, but the pandemic has sort of accelerated it,” says Jayant Mammen Mathew, Executive Editor & Director, Malayala Manorama. He said newsrooms and journalism will continue to be there. The only difference is that the medium and delivery will change. A story is…

https://youtu.be/GAE8OZ0-kAw Nykaa plans to invest Rs 100 crore in expanding its retail outlets.The company also aims to retail its private label brands abroad. Huge investmentsNykaa has earmarked close to Rs 100 crore of capex to invest in expanding its brick-and-mortar presence. “We are investing in fulfillment centres, which are large warehouses,” Nykaa’s Group CFO Arvind Agarwal told Economic Times.“So we are investing ahead of the curve building capacity to get closer to the customer. We launched the Guwahati warehouse as earlier we were shipping from Kolkata. Similarly, we launched in Hyderabad, Chennai and are working on many more such geographical expansion and…

https://youtu.be/S5SCOBbHdfI Starbucks has closed two outlets in China after reports of food safety violations surfaced. The company said it is investigating the matter.Expired ingredientsA news report said the firm used expired ingredients to make drinks. The incidents reportedly occurred at two stores in the eastern Chinese city of Wuxi. “We take the local media report very seriously,” a Starbucks spokesperson said.The incident became a trending topic on China’s social media platform Weibo. China is the largest market for Starbucks outside the US. 

https://youtu.be/tVFL8rjD0bo Gautam Adani’s realty unit is in talks to take over beleaguered Ozone Group. Adani Realty may take over The deal will be an enterprise value of about $1 billion. Adani Realty Ltd. is seeking to take over the Bengaluru-based Ozone. Ozone has an outstanding debt of more than 60 billion rupees, Bloomberg reported Relief for Ozone Ozone has ongoing projects in Mumbai, Bengaluru and Chennai. Adani’s developer arm will be taking over the debt of Ozone which has been struggling to repay creditors. Ozone has delivered 13.5 million square feet of real estate projects so far.

https://youtu.be/31qCd2CHOic Tesla has got the approval for three more models from India’s vehicle testing agencies. This has cleared the decks for Tesla’s launch in the country. Homologation certificate Tesla has got a homologation certificate for a total of seven models. Homologation certifies if a particular vehicle is roadworthy after meeting all the specified criteria. Tesla has been reportedly lobbying hard for lowered import duty with the Centre. Local manufacturing The Modi government has been pushing for local manufacturing of electric vehicles to make the country a hub of EV production. Tata motors is gearing up for electric vehicles production in…

https://youtu.be/d_xc0ZmfYXk Byju’s has made it to this year’s global list of 35 elite unicorns with valuations of over $10 billion. It has become the first domestic start-up to reach a valuation of $21 billion.Big recognitionByju’s is ranked as the 13th largest unicorn globally based on the latest figures by CB Insights. It is also the most valued tech start-up in the world, overtaking Chinese firm Yuanfudao. Meesho and fintech start-up CRED have also fared well and are in top spots in 2021. They were not even in the list of the top 37 unicorns in 2020.