Author: News Desk
The name Meesho is buzzing in the e-commerce world now. A shortcode for ‘My Shop’, the social commerce platform gained popularity after the pandemic and gathered 120 million monthly active users. A big competition to e-commerce giants Amazon and Flipkart. They have 200 million registered users each. Before the pandemic, the platform launched by Vidit Aatrey and Sanjeev Bamwal was led by 15 million women sellers who bought products from the platform and resold them via WhatsApp and Facebook Groups. Now, it has a share of about 30 per cent of daily online deliveries. Out of the 9 million daily e-commerce orders, Meesho holds 2.7 million which…
The IT department wants the winners of online games to use the updated income tax returns (ITR-U) scheme. To disclose their incomes and pay taxes with applicable interest. Central Board of Direct Taxes (CBDT) chairman Nitin Gupta said that players associated with just one gaming portal have been found to have won Rs 58,000 crore. The gross gaming winning amount is chargeable at 30% tax without any rebate or deduction. Gupta added the CBDT was in the process of issuing a clarification on the applicability. Section 194R of the Income Tax Act 0.1 million ITR-Us have been filed by taxpayers.…
For those who are looking for a job, here is good news. Qatar Airways is hiring a significant number of staff for its various divisions across India. Indian citizens can send applications from September 16. The recruitment drive will happen in Delhi on September 16 and 17. In Mumbai, the recruitment drive will occur on September 29 and 30. Qatar Airways will hire staff for Qatar Airways, Qatar Duty Free, Qatar Aviation Services, Qatar Airways Catering Company, and Qatar Distribution Company to the Dhiafatina Hotels. Staff will be hired for roles such as culinary, corporate and commercial, management, cargo, customer…
Sequoia Capital India and Southeast Asia announced the launch of Pathfinders. Pathfinders is a platform that connects early stage founders in India and Southeast Asia with global operators who can help startups succeed in emerging markets with a US focus. The platform connects founders with experienced leaders to help founders accelerate their business-building journey, formulate go-to-market strategies, acquire their first batch of global customers, hire key employees, and help rethink business design decisions.Pathfinders harnesses the power of the international network Sequoia has built over his 50+ years to help companies get a head start on their global ambitions. Founders provide …
With a HDI value of 0.633, India positioned 132 out of 191 nations in the 2021 human development index, as per a report delivered by the United Nations Development Programme (UNDP). India is set in the mediumHuman Development category.In the 2020 report, India had 0.645 and was positioned 131 among 189 nations.Human development is a proportion of a country’s well being, training, and normal pay.It has declined for quite some time – 2020 and 2021 – turning around five years of progress, the report said.India’s downfall is in accordance with the worldwide decay. Without precedent for 32 years human development…
Indian Railways has drawn up plans to become an exporter of wheels and issued a tender on Friday to build a factory that will produce at least 80,000 wheels each year, Labor Minister Ashwini Vaishnaw said. At a press conference, Vaishnaw said the forged wheels needed for high-speed trains and LHB coaches are now being produced at the Make in India factory and the annual Rs 600 crore will secure procurement of 80,000 wheels. He said it was the first time railways had put out a tender to build a wheel factory in India and invite private contractors to manufacture…
India’s Telecom Regulatory Authority (Trai) has said it is working on a new caller ID feature “like Truecaller” and will allow users to see the caller’s name instead of the number. In an interview, Secretary of Trai V Ranghunandan said: This is a conversation with the service provider and we are working on it now… we need to track spam calls in India on an ongoing basis. ” According to Truecaller, India ranked fourth among all countries receiving the most spam calls in 2021. Regarding spam calls, the secretary said: There are technology solutions such as AI that providers can…
In the startup ecosystem, sustainability model has many takers. Many startups upcycle industry by-products into valuable materials. Bengaluru-based startup ‘Loopworm’ is an instance. Started by IIT friends Abhi and Ankit Alok Bagaria, the startup turns food waste into valuable raw materials. Both Abhi and Ankit wanted to be social entrepreneurs working on the growing issue of food/agri-based waste. The idea was to upcycle the waste and make it a part of the food chain once again. After research, they realised that insects are the way for it. It was a UN report that stated ‘insects are the future of food and feed’ inspired the duo start Loopworm. Insects are natural converters of these…
Emirates is one of the world’s top 10 airlines by passenger volume, carrying over 19 million passengers last year. The Dubai-based airline was ranked seventh when aviation analytics firm Cirium released its 2021 World Airline Passenger Rankings. Emirates flew his 19.6 million passengers around the world last year. This is a 199% increase compared to 2020, when travel disruptions from the Covid-19 pandemic peaked. The ranking is dominated by US airlines, with American Airlines taking the top spot, followed by Delta Air Lines, United Airlines and Southwest Airlines for earnings per kilometer. It is calculated by multiplying the number of …
Tata Motors launched India’s first CNG truck in the medium and heavy commercial vehicle (M&HCV) segment. The models are powered by the 5.7-litre SGI engine. It generates a peak power of 180hp and torque of 650Nm. It offers a range of up to 1,000 km. The trucks address the need for safe transportation. Most truck makers now offer CNG only in the small and light commercial vehicle segments.