Author: News Desk
https://youtu.be/TxhDDbFl9ME Snapdeal has filed preliminary documents for an initial public offering (IPO).IPO timeThe IPO comprises a fresh issue of equity shares worth up to Rs 1,250 crores. It also has an offer-for-sale of up to 30,769,600 equity shares by selling shareholders. Snapdeal’s founders Kunal Bahl and Rohit Bansal are not selling any of their holding in the IPO.The proceeds of the issue will be used to fund growth initiatives. Snapdeal is one of the top four online shopping destinations in terms of total app installations. More than 95 per cent of the products sold on Snapdeal are priced below Rs 1,000.
https://youtu.be/KN4EIRBeZvY Procter & Gamble Co has recalled some dry conditioner and shampoo sprays sold in the US and Canada.Benzene foundThe sudden move is due to the presence of a cancer-causing chemical P&G said it detected “unexpected levels” of benzene, a human carcinogen. Benzene can potentially cause cancer depending on the level and extent of exposure.The recall also includes products from its Aussie and Waterless brands made in the US. P&G did not disclose the number of recalled products, which were distributed. It said they represented less than 1% of its overall hair care product portfolio.
https://youtu.be/X7O5QYACwuI Royal Enfield has recalled 26,300 units of Classic 350 produced between September 1 and December 5. Potential Brake issueThe recall is a precautionary measure to tackle a potential brake issue. An exceptional higher braking load applied on the rear brake pedal could lead to potential damage to the reaction bracket.This could lead to unusual braking and deterioration of braking efficiency. Isolated oneThe issue has been isolated to the single-channel ABS, rear drum brake Classic 350 models. Issues like this can arise under specific, extreme riding conditions, the company said. Royal Enfield had recalled around 2,36,966 units of Classic, Bullet, Meteor models in…
https://youtu.be/BRZe0j80ARo Farmers Fresh Zone (FarmersFZ) has raised an investment from Yunus Social Business Fund. FarmersFZ bridges the gap between rural farmers and urban consumers. It provides healthy, premium-quality and pesticide-free vegetables.Social causePioneered by Nobel laureate Prof Muhammad Yunus, YSBFB’s joining FarmersFZ, which grew by 400 per cent during the pandemic period, is a boost to the startup’s efforts for a social cause and a recognition to its commitment, according to Pradeep P.S, Founder and CEO of FarmersFZ. “We will use the fund to facilitate the growth and infrastructure, which enhances our working model, and thus benefits our famer community and their…
https://youtu.be/EiryUhRRa0c The government has blocked 20 YouTube Channels, two websites for spreading anti-India propaganda.Anti-India propagandaThe Ministry of Information and Broadcasting has ordered the blocking. The channels belong to a coordinated disinformation network operating from Pakistan and spreading fake news about various sensitive subjects related to India.The channels were used to post divisive content in a coordinated manner on various topics. The channels had a combined subscriber base of over 35 lak. It had also posted content on issues such as the farmers’ protest.
https://youtu.be/QMoIJeO1QbM Fabindia will file draft documents for its IPO before the end of December to raise Rs 4,000 crore.The firm’s shareholders approved the IPO proposal at a general meeting.Big plansFabindia plans to raise Rs 250 crore in fresh capital to expand its store network. Several investors will sell part of their stakes as well, a media report said. This will bring the total size of the public offering to Rs 3,800-4,000 crore. Fabindia’s existing investors include PI Opportunities Fund, Bajaj Holdings and Investment Ltd. Fabindia has recently entered new product categories like home, lifestyle, personal care, and organic food.
https://youtu.be/I43eFZa_h9o The Woman Startup Summit organized by the Kerala Startup Mission opined that equality and financial assistance is inevitable to boost women entrepreneurship. The event held under the theme — Rise to equal, post-pandemic era — had discussions that saw 40 experts from various fields, including financial, technical and also entrepreneurs. Dr Usha Titus, Additional Skill Acquisition Programme MD, inaugurated the event. She said, there should not be a feeling that being a woman, concessions will be there, but should come up with services and new initiatives, which are useful to people. During the Women Entrepreneurs Networking Meet, Aishwarya Dongre IPS and…
https://youtu.be/zf1ZEinNy10 A strong intent to purchase a vehicle is there among consumers in the next 12 months. This is as per the survey of Mobility Outlook, a brand of CarTrade Tech.Buying spree expected83% of respondents confirmed the intent to purchase a vehicle in the next 12 months. Another 13% indicated they may buy and just 4% said no to buying a vehicle. The survey sought responses from nearly 2.7 lakh customers across India. 49% remained the same as before the pandemic in case of budget allocation. But 14% said they have increased the budget by up to 20%..
https://youtu.be/hpID9tT6lMQ 2021 proved to be a year of funding for startups. $35.4 billion were pumped into the start-up ecosystem as opposed to $13 billion in 2020.Funding for startupsThis report is according to the India Tech Annual Factsheet 2021 by Tracxn. A total of 1,926 funding rounds took place this year with Series A+ rounds accounting for 674. This year, 3,143 new companies were founded and nearly 1,638 firms were being funded.Out of the total 77 unicorns company, 41 received the status this year. According to the data, Flipkart tops the charts with its Series J funding worth $3.6 billion.
https://youtu.be/QYOG4jP81Cg A range of products claiming to offer ‘5G protection’ are found radioactive. The Dutch Authority for nuclear safety and radiation protection warned about the dangers of 10 products. 5G necklaces radioactive?They include necklaces, pendants and sleeping masks that give off ionizing radiation. These products could be harmful if worn regularly.However, there is no evidence that 5G networks are harmful to health. They use non-ionising radio waves that do not damage DNA. But, online conspiracy theories have led many people to protest against 5G use.