Author: News Desk

https://youtu.be/o7_SCVhTxjQ Byju’s plans to go public through a merger with one of Churchill Capital’s companies.Churchill Capital has VII raised over $1.3 billion in an offering and trades on the New York Stock Exchange.Merger plansByju’s held talks with several potential SPAC partners and is farthest along in working out an agreement with Michael Klein’s Churchill Capital, said the people, asking not to be named discussing private matters. Churchill Capital VII raised more than $1.3 billion in an offering in February and trades on the New York Stock Exchange, Bloomberg reported.Under the preliminary terms discussed, Byju’s would raise a total of about $4…

https://youtu.be/AxQxWEdfkkY Indian-origin Leena Nair has been appointed the global CEO of French luxury group Chanel.Key appointmentNair will be joining the company at the end of January and will be based in London, Chanel said in a statement. Chanel’s unusual decision to hire a fashion industry outsider as its new chief executive is seen as part of its growing efforts to show a more inclusive approach. Chanel said  that the new appointments would ensure its “long-term success as a private company”.Unilever veteranNair is the first female and youngest-ever Chief Human Resources Officer of Unilever.Nair was associated with Unilever for 30 years. “Leena…

https://youtu.be/SY1IR9g3y5s The Tata Group is looking to re-establish itself in the Indian beauty market. Tata exited the segment nearly 23 years ago.Back to businessTata will focus on footwear, underwear and beauty products, said a senior official. The cosmetics and beauty market in India stood at over $11 billion earlier this year. It is expected to be worth $20 billion in 2025.Tata introduced Lakme in 1953 as India’s first cosmetics brand. The conglomerate sold the brand to Hindustan Unilever in 1998.

https://youtu.be/gqx8ycnq7yk A huge part of the metaverse will be built in India, Meta CEO Mark Zuckerberg said. He  said a large pool of developers, entrepreneurs and creators exist in the country.India is special“Seeing the developer ecosystem, the ecosystem of individual entrepreneurs, the spirit around that is one of the things that makes India so special. We are going to see a huge amount of stuff being built here in India,” he said at the social media giant’s second Fuel for India virtual event.Zuckerberg said the metaverse cannot be built by a small number of companies or without a commerce model around…

https://youtu.be/Zfa8LhRLhtk The incentive scheme is a part of the government’s bid to make the country a hub for electronics. India will set up more than 20 semiconductor design, components manufacturing and display fabrication units over the next six years.Electronic hubThe new semiconductor policy will help deepen India’s manufacturing base. Investments worth Rs 1.7 lakh crore are expected to materialize. It will generate 35,000 high-quality jobs and one lakh indirect employment. Recently, semiconductor supply has been severely disrupted causing a huge crisis.

https://youtu.be/jTZFUXa5uEY German luxury carmaker BMW has launched its technology flagship all-electric SUV iX in India. The introductory price is Rs 1.16 crore.Electric SUVBMW iXwill be imported to India as a completely built-up unit. It is powered by two electric motors for the front and rear axles. It is capable of accelerating from 0-100 kmph in 6.1 seconds with an output of 326 hp. The BMW iX will come with a complimentary smart BMW Wallbox charger.It can be integrated at home to enable safe and convenient charging up to 11kW. The 11kW AC charger can charge 100% in about 7 hours and…

https://youtu.be/sPWuMo8AX9A Union minister Nitin Gadkari said he will launch a battery-electric tractor in the coming days. Accelerate agricultureThe introduction of tractors will bring down the overall cost of farm produce, Gadkari said.The minister declined to name the company which is launching the electric tractor. Gadkari hinted that electric tractors can haul farm produce from the fields to the market. India’s tractor market has grown by 16% to 8.59 lakh from January to November. Only Punjab-based Sonalika Tractors have commercially launched an electric tractor. Market leaders Mahindra & Mahindra and TAFE are yet to announce their electric tractors.

https://youtu.be/aNve-RfYRgM South Indian access Nayanthara has launched a new venture with a renowned dermatologist Renita Rajan.They have come up with a creative range of lip balms under the label The Lip Balm CompanyCreative range of productsNayanthara said she does not make compromises when it comes to beauty products and looks for high performance and safety. She said that these values have been incorporated into her company’s DNA as well.The actress said that the team is proud of the new creative range of products and these products are bound to resonate with people who are looking for something extraordinary.Renita Rajan said, “What…

https://youtu.be/20U7-r0dJes In the present scenario, everyone is discussing the new technologies and technological disruptions around the world, specifically focusing on the Covid pandemic. The future of media is affected and what will be the greatest disruption going to happen for the media is a big question.  Digital disruption“Digital disruption is there and it’s been happening for the past decade or so, but the pandemic has sort of accelerated it,” says Jayant Mammen Mathew, Executive Editor & Director, Malayala Manorama. He said newsrooms and journalism will continue to be there. The only difference is that the medium and delivery will change. A story is…

https://youtu.be/GAE8OZ0-kAw Nykaa plans to invest Rs 100 crore in expanding its retail outlets.The company also aims to retail its private label brands abroad. Huge investmentsNykaa has earmarked close to Rs 100 crore of capex to invest in expanding its brick-and-mortar presence. “We are investing in fulfillment centres, which are large warehouses,” Nykaa’s Group CFO Arvind Agarwal told Economic Times.“So we are investing ahead of the curve building capacity to get closer to the customer. We launched the Guwahati warehouse as earlier we were shipping from Kolkata. Similarly, we launched in Hyderabad, Chennai and are working on many more such geographical expansion and…