Author: News Desk

https://youtu.be/oyFSGEYTirs Tata Motors is readying a major upgrade to the Nexon EV early next year. It will include a larger battery and increased range.Tata’s EV visionThe longer range Nexon is expected to come with a bigger 40kWh battery. Its weight is expected to have increased by an estimated 100kg. It will be sold with the current Nexon EV, which has cornered the nascent EV market in India.The key to the Nexon EV’s success has been the car’s finely judged ‘price-to-range’ ratio. Tata Motors has aggressive plans to build on the early lead it has taken in the EV race.

https://youtu.be/p8p4g14nTcs India will become the third-largest economy in 2031, the Centre for Economics and Business Research (CEBR) has predicted.GDP risingCEBR said India will regain the sixth position from France next year, a year later than previously predicted. Further, India will see an improvement in its ranking in the World Economic League Table (WELT). The COVID-19 pandemic has been nothing short of devastating for the country, the report said.The GDP in the second quarter of 2020 grew by 20.1% year-on-year. Overall, the economy is estimated to have grown by 8.5% in 2021.

https://youtu.be/LdRLRfCgHpI Onsurity, an employee healthcare benefits platform, has launched the Onsurity Edge Credits Programme. Health insuranceIt is a first of its kind health benefits credit programme for startups. It is designed to empower startups by offering their employees HealthCare and wellness benefits.Startups who opt-in for the credits programme will receive up to Rs 25,000 credits.It can be redeemed to buy comprehensive healthcare plans for employees. Security has firmed up plans to reach more than 10,000 small businesses through this.

https://youtu.be/7DjqP9W6dr0 Biryani, has reigned supreme in 2021 in many cities, a Swiggy report said. Indians ordered 115 Biryani per minute which means around 2 biryanis per second.Biriyani, samosa loversChicken biriyani, according to the report, was the queen of biriyanis. It had 4.3 times more orders than its humble vegetable equivalent.Around 4.25 lakh customers made their Swiggy debut by ordering a chicken biriyani. People in Chennai, Lucknow, Kolkata and Hyderabad preferred Biriyani most. Samosas were the most binged snack of the year with around 5 million orders on Swiggy.

https://youtu.be/GX6NxFJi_Jk The government is likely to tweak its draft ‘Humans in Space Policy 2021’ document. It may include private space-tech startups in the programme, according to industry experts.Space-tech startupsIndian space policy in 2022 will define the role that private startups will play an important role, an expert said. The new policy may come at the juncture of the two uncrewed Gaganyaan test missions, another expert said.Union minister Jitendra Singh had said Gaganyaan, India’s manned space mission will launch in 2023. India’s own space station, meanwhile, is being earmarked for the year 2030.

https://youtu.be/enHIvEBajO0 Tata Motors has established a wholly-owned subsidiary for electric vehicles. It is called Tata Passenger Electric Mobility (TPEML).Tata’s TPEMLTPEML will exclusively look into passenger electric and hybrid vehicles. It has been formed with an initial capital of Rs 700 crore.Tata Motors will hold 100 percent shares of TPEML. The Ministry of Corporate Affairs has issued the Certificate of Incorporation. TPEML plans to have 10 products by FY26 which will be a mix of different body styles and drive ranges.

https://youtu.be/cY-_0ijRlps Amazon India has proposed to take full control of Cloudtail. The e-commerce giant has approached the Competition Commission of India (CCI) for approval to acquire Catamaran Ventures stake in Prione.Waiting for approvalPrione operates Cloudtail, the largest and longest-serving seller on the Amazon platform. The decision comes months after Catamaran and Amazon decided to end the joint venture. If CCI approves the deal, Amazon will fully own Prione. Amazon’s move comes at a time India is looking to tighten rules for e-commerce.

https://youtu.be/Mbk_gfIly-0 The mega IPO of LIC will be out by the end of the current fiscal.Biggest IPO?According to a senior official,  the IPO plan is on course. The IPO is expected to become the biggest one in India. It may fetch the government around Rs 1 lakh crore. The government has taken several legislative and executive steps to pave way for the mega IPO.The LIC is a leading life insurer of India wholly owned by the government. It has three branches outside India – in the UK, Fiji and Mauritius.

https://youtu.be/9oCNlcoF2q0 India had a great year with 54 unicorns.Third highestOvertaking the UK, India became a nation with the third highest number of unicorns. The first on the list are the US and China. “India is in the middle of a startup boom,” said Anas Rahman Junaid, MD and Chief Researcher at Hurun India.Byju’s top unicornCountries with the most number of unicorns indicate a more dynamic economy. The most successful Indian unicorn is Byju’s valued at $21 billion. Byju’s, InMobi, OYO, Razorpay and Ola are among the top 100 unicorn.

https://youtu.be/90IrzTZ8FTI India is expecting semiconductor manufacturers to set up local factories in 2-3 years.Good responsePrime Minister Narendra Modi’s government is working on developing an entire ecosystem for the chip manufacturing industry and will start taking applications under the incentive schemes from January 1, 2022, Union Minister Ashwini Vaishnaw told Bloomberg.“The response has been very good. All the big players are in talks with Indian partners and many want to come directly to set up their units here. Almost all big ones are talking to us,” Vaishnaw said.Chip productionThe union government had approved sops worth Rs 76,000 crore rupees for chip production.…