Author: News Desk

https://youtu.be/iVupCTAATckThe Indian IT services market grew 7.3% in the first half of 2021, according to the IDC report. The IT and business services market will witness an increased momentum, it said. This is due to increased spending in areas like cloud, security, and AI. The IT and business services market is projected to reach $19.93 bn by 2025. The Indian IT and business services market was valued at $6.96 billion. IDC classifies the IT and business services market into three primary markets. They are project-oriented, managed services, and support services.

https://youtu.be/LEFM42Mdwvk Facebook’s parent company Meta will remove sensitive ads beginning on January 19, 2022. Ads related to health, race or ethnicity, political affiliation, religion, sexual orientation will be removed. Advertisers can now target people who have expressed interest in issues, public figures. Meta has been under intense scrutiny from regulators and the public. Meta Platforms Inc. said that the decision was “not easy”. This change may negatively impact some businesses and organizations. The move marks a key shift in the company’s approach to social and political advertising.

https://youtu.be/oJmlsCOeKU4Maruti Suzuki has launched the Celerio 2021 in the entry segment hatchback.It starts at Rs 4.99 lakh (ex-showroom) up to Rs 6.94 lakh (ex-showroom).Celerio 2021 comes with a new 7-inches touchscreen console push button.It has an auto engine start/stop, and multi-function steering wheel to target young buyers. Maruti Suzuki Celerio 2021 will be available in ‘Fire Red’ and ‘Speedy Blue’ colours. The fuel-efficient car, Celerio 2021, offers 26.68 km per litre, claims Maruti Suzuki.The existing models of Celerio will be phased out after the 2021 launch.Celerio has been a top-selling car model since its inception in 2014.

https://youtu.be/rBs8q3fgEAANykaa’s Falguni Nayar is now India’s richest self-made woman billionaire.She became one of the world’s wealthiest persons following Nykaa’s recent IPO.Nykaa made its debut at Dalal Street on November 10.Nykaa is India’s first unicorn startup headed by a woman. Nayar, who owns almost half of Nykaa’s shares, now has $6.5 billion.  The shares of her company surged to 89% as they started trading. Nykaa sells more than 300 domestic and international brands.Nykaa IPO was open for subscription from October 28 toNovember.

https://youtu.be/YSJ1rYQeICU The second edition of She Power, a platform that encourages women entrepreneurs to attain digital skills, is all set to begin. Digital workshops and training as part of the grant supported by the American State Department will be held on the 13th, 20th and 27th of this month in Kochi, Kozhikode and Thiruvananthapuram respectively. MSME Startup founders and Student startups will attend the event. Federal Bank Chairman and entrepreneur C Balagopal, GeM Business facilitator Maneesh Mohan, Nexus Executive Director Erik Azulay, ANB Legal Partner Corporate and Private Equity Practice Rohini Nair, social entrepreneur and designer Lakshmi Menon, Union Bank…

https://youtu.be/goWzKf8xXkw Mahindra & Mahindra has plans to strengthen its position in India’s electric mobility market. The company will launch as many as 16electric vehicles (EVs) by 2027. The EVs will be in both SUV and light commercial vehicle categories.There will be eight battery-powered SUVs in the newly announced electric vehicles. Mahindra & Mahindra has announced its intentions to invest Rs 3,000 crore in EVs.  The company will also introduce a new brandname specifically for its e-SUVs

https://youtu.be/TBdzoQIfdsEThe total market cap of the crypto has breached the $3 tn mark and scaled to $3.09 tn. The mcap first hit the $2 trillion mark on April 6 this year. In September, the crypto world slipped twice to below the $2 trillion level. However, from October 1 onwards, the mcap has been rallying with the growth. This was reflected in Bitcoin, Ethereum, Binance Coin, Solana. The mainstream adoption of crypto has also risen in the recent past. This boosted after investors continued to back digital currencies.

https://youtu.be/O4I4Tnt32EQAnand Mahindra said he “truly felt undeserving” after receiving the Padma Bhushan award.He said he was undeserved for the prestigious award compared to other recipients.”I truly felt undeserving to be amongst their ranks,” he tweeted. He shared a pic of the President presenting the Padma Shri to Smt Tulsi Gowda for social work.Gowda belongs to the Halakki tribe and is reputed to be an “encyclopaedia of the forest”. Anand Mahindra was honoured with the award in the Trade and Industry domain.

https://youtu.be/wRV6vl-pAiYContent-to-commerce firm The Good Glamm Group has raised $150 mn.Investors Alteria Capital, L’Occitane and Amazon participated in Series D funding round.The company has additionally undertaken a secondary share sale worth $10 million.The Good Glamm Group is the 35th domestic company to turn unicorn in 2021.The company comprises a portfolio of proprietary beauty and personal care brands.These are marketed across a digital ecosystem of content, community and creator assets.Good Glam Group has an offline distribution channel across 30,000 retail points.

https://youtu.be/sGR17H-2to4Cryptocurrency is likely to attract both income tax and GST.A comprehensive Bill is expected to be introduced in the Parliament’s Winter Session.A media report said that the groundwork for the legislation on cryptos is getting readied.The intent to tax is expected to be mentioned in the legislation.And, then provisions will be added in Finance Bill to facilitate the imposition of direct tax.There is no clarity on whether cryptos are to be treated as currency or investment asset.It is highly unlikely to get the status of a currency .