Author: News Desk

https://youtu.be/hq3dCjlNHv4 PE-VC firms invested a record $63 billion in Indian companies during 2021. This registered a 57 per cent rise over the $39.9 billion invested in the previous year.E-commerce, a favouriteIndia minted a total of 44 Unicorn companies in 2021. Eight investments worth $1 billion or more, led by Flipkart’s $3.6-billion pre-IPO round were seen in 2021. E-Commerce was the favourite sector among investors in 2021. The BFSI and healthcare and life science industries were the next two major sectors.

https://youtu.be/1HXWJyfFEVQ Electric Vehicles (EV) are not only cost-effective but also have tax advantages in India. EV customers can avail of tax benefits on their loans under the section 80 EEB.Tax deductionsPersons opting to buy an EV on loan will be eligible for tax deductions . This tax benefit is an attractive proposition for salaried professionals. A  total tax exemption of up Rs 1,50,000 can be availed when paying off the EV loan. It is available for both 4-wheeler and 2-wheeler EV purchases. The tax relief can only be availed by individuals.

https://youtu.be/a3n0KqhiIik End of an eraBlackberry will no longer be able to support legacy services over cellular and Wi-Fi connectivity. This will start from January 4 . This is not applicable to BlackBerry phones based on the Android operating system. The company initially announced the move in September last year but extended its service. This doesn’t mean that the brand BlackBerry is dead altogether. It’s developing security software and services for various enterprises and governments.

https://youtu.be/ewG7iR1-1IM Tesla has announced its fourth-quarter production and delivery results. It delivered a record 936,000 vehicles, which is 87% up from its 2020 delivery count.Huge demandThe numbers are jaw-dropping given the global chip shortage affecting the automotive industry. The production increase was boosted by growing demand from car buyers in China. Enthusiasm for electric vehicles also encouraged the demand. The Austin, Texas-based carmaker delivered 308,600 vehicles in the final quarter of 2021.

https://youtu.be/y2uq2dkfX84 Realme becomes the fastest-growing 5G Android smartphone brand worldwide in Q3 2021.This is as per Counterpoint Research’s monthly Market Pulse Service.Realme’s growthThe sales  grew 831 percent Year over Year. Realme retained the sixth spot in global 5G Android smartphone sales. “Realme’s 5G sales in India grew a whopping 9,519 per cent YoY” said Varun Mishra, Senior Analyst. Other fast-growing 5G smartphone brands include Oppo and Vivo.

https://youtu.be/imwAa54KJBg Tata Motors has surpassed Hyundai to become the second largest-selling carmaker in India. The December sales were highest-ever for Tata Motors on a monthly basis.Highest sales”Tata Motors PV business growth journey continued and set several new milestones ” Shailesh Chandra, President, PVBU, Tata Motors said. Tata Motors sold 99,002 units,the highest-ever quarterly sales numbers.The sales grew by 50 percent in December 2021. Tata’s electric vehicles also garnered a strong response. The sale of Tata Motors is primarily driven by Nexon.

https://youtu.be/EnXMyaPLtHY Good fundingTwo youngsters in Mumbai started a startup and it is now in news after its funding became talk of the town. Zepto, an instant grocery delivery startup founded by two teenagers, has raised Rs 4300 crore as its total valuation in a new series of funding. Zepto’s newest funding of $100 million in a funding round led by Y Combinator, comes 45 days after a previous capital raise of $60 million. The startup has received good funding within five months of starting operations. The startup was started by Aadit Palicha and his childhood friend Kaivalya Vohra, both having 19…

https://youtu.be/b8e7oWd9HQA Reliance New Energy Solar Limited (RNESL), will buy Faradion Ltd for 100 mn pounds. Faradion is one of the leading global battery technology companies based out in the UK.Big plansFaradion has superior, strategic, wide-reaching and extensive IP portfolios. It covers several aspects of sodium-ion technology. Reliance will use Faradion’s proposed fully integrated energy storage giga-factory. This is as part of the Dhirubhai Ambani Green Energy Giga Complex project at Jamnagar. The acquisition is not a related party transaction and the transactions will not require any government or regulatory approval, a regulatory filing said.

https://youtu.be/3X1nSxQ71nU TikTok has topped the chart of downloads on Christmas Day this year.Popular appDownloads on December 25 globally were estimated across both iOS and Google Play Stores. This report is according to mobile data and analytics company App Annie. TikTok led the chart of downloads ahead of Instagram, Facebook, WhatsApp and Snapchat. Recently, TikTok surpassed tech giant Google as the most popular website of the year.According to a report, TikTok gets more hits than the US-based search engine. TikTok now has more than one billion active users across the world.

https://youtu.be/cjfoHQvDgGs RBI has extended the rules for online payments while using debit and credit cards to July 2022. RBI had earlier said that it will implement tokenization from January 1, 2022. Banks have started informing their customers regarding the new rules. How will the new changes affect people? Here are the details. Assures safe online transactions RBI has extended the date for tokenization after industry bodies, including Nasscom, requested RBI for the same. Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF) have voiced their concerns over the industry’s readiness for the tokenization process. The…