Author: News Desk

https://youtu.be/ZYB82Lq9y00 Ola FuturefoundryOla has announced Ola Futurefoundry, its global center for advanced engineering and vehicle design. This centre will be based in Coventry in the UK. Ola Futurefoundry will work in-sync with the design and engineering teams based in Bengaluru. It will house global talent across multiple disciplines of 2W and 4W vehicle design.Research and developmentAdvanced high-performance automotive engineering, digital & physical modeling etc would be the focus. It will also house talent that will focus on vehicle R&D around new energy systems. Ola will also invest over $100 million over the next 5 years.

https://youtu.be/6l7ZX_D_tMQ Karsanbhai Patel who raised the Nirma brand as his daughter The attractive jingle of Nirma washing powder and the image of the ‘Nirma girl’ were quite popular in the 90s. The ad and brand got deeply etched into people’s minds. Let’s hear the success story of Karsanbhai Patel, the man behind Nirma Washing Powder. It is generally said that business is in the blood of any Gujarati. Karsanbhai Patel, who quit his government job and started his business, also wrote a success story. It is the story of selling household detergent on a bicycle and later developing it into…

https://youtu.be/jaFkPa1SupANew electric bikeTork Motors has announced the launch of the new Kratos electric bike in India. The new battery-powered motorcycle has been priced at Rs 1.02 lakhThe bike has been introduced in two versions – Kratos and Kratos R. The Tork Kratos electric motorcycle comes with fast charger that takes one hour to fully charge the bike. The  standard model is only available in white colour, the higher-spec model comes in White, Blue, Red and BlackKratos EV by Tork is based on the previous T6X electric bike

https://youtu.be/6qBHAo009nY Biggest angel investor’s meet The seventh edition of Seeding Kerala, the Kerala Startup Mission’s (KSUM) flagship initiative to attract angel investors, high net worth individuals (HNIs) and leading investors by showcasing investment opportunities in startups, will be held on February 2 and 3. The two-day event, billed as India’s biggest angel investors’ summit, will bring in leading investors and thought leaders from the Indian startup ecosystem besides senior government officials from the state and central governments. The event aims at seeding investment culture among HNIs and attracting investors to the state’s startup innovation ecosystem. The summit would witness interactions…

 Appointment ahead of Economic SurveyThe Union government on January 28, appointed V Anantha Nageswaran as the Chief Economic Advisor (CEA). Nageswaran, an academic and former executive with Credit Suisse Group AG and Julius Baer Group, succeeds K V Subramanian, who demitted office of CEA in December 2021 after the completion of his three-year term. According to an official statement Nageswaran assumed charge on January 28.His appointment comes two days ahead of the Economic Survey for 2021-22 which is expected to give a growth projection of around 9 per cent for the next financial year as Asia’s third-largest economy is showing…

New ventures Zomato has decided to enter into the financial services business and will create a non-banking finance company (NBFC) as a wholly-owned subsidiary for the purpose. The proposed paid-up capital of NBFC will be Rs 3 crore and the authorised capital is pegged at Rs 10 crore. The name of the company is being finalised subject to approval by the Ministry of Corporate Affairs, Zomato said in a filing with the BSE. However, the subsidiary will need Reserve Bank of India’s approval to carry on the financial services business. In a stock exchange filing, Zomato had said it will…

 Google’s $1 billion investment in Airtel:Internet giant Google will invest USD 1 billion in telecom major Bharti Airtel. It includes equity investment as well as a corpus for potential commercial agreements to be identified and agreed on mutually agreeable terms for the next five years. India Digitization Fund:Google’s investment is part of its Google for India Digitization Fund. Out of the total investment, USD 300 million will go towards implementing commercial agreements. It will include investments in scaling Airtel’s offerings via innovative affordability programs as well as other offerings aimed at accelerating access and digital inclusion across India’s digital ecosystem. This…

https://youtu.be/9tDUawCtL3o Regulatory scrutiny and geopolitical unrestAlmost 30,000 Bitcoin millionaires have been wiped in the last three months as the volatile cryptocurrency is witnessing a free fall — from $69,000 in November to nearly $36,000 – owing to regulatory scrutiny and geopolitical unrest. According to data acquired by financial news portal Finbold, between October and January, the number of Bitcoin addresses holding over $1 million has reduced by 28,186 or 24.26 per cent.In general, the Bitcoin-rich list has plunged over the last three months.  “Wallets holding over $100,000 have dropped 30.04 per cent from 505,711 to 353,763. The number of addresses with…

https://youtu.be/CE7svgajkOU IPO openEdible oil major Adani Wilmar’s public issue, comprising fresh equity shares, opened for subscription and will conclude on January 31. The price band of the three day share sale is fixed at 218-230 per share. Ahead of its IPO, Adani Wilmar Ltd had raised 940 crore from anchor investors. Acquisitions plansMarket observers say that Adani Wilmar shares premium were available at Rs 44 in the grey market. The company’s shares are expected to list on stock exchanges BSE and NSE on February 8, 2022. Adani Wilmar sells cooking oils under the ‘Fortune’ brand. The proceeds of the public issue will…

 Tatas back in Air India cockpitAir India on January 27 came back to the Tata Group as the historic divestment process was finally completed with all formalities concluding successfully. Chairman of Tata Sons N Chandrasekharan met Prime Minister Narendra Modi as the officials started the final handover procedure at the Air India office in New Delhi. The old members of the board stepped down making place for the new board to take over in the first landmark privatization move in the last decade..  History of Air IndiaAir India, formerly Air-India, was established in 1932 by the legendary industrialist and philanthropist…