Author: News Desk

Reliance Industries and US buyout firm Apollo Global Management plan joint bid for BootsBoots is a UK-based high street pharmacy chainThe deal would expand Boots’ presence to India, Southeast Asia and the Middle EastAs per the plan, both Reliance and Apollo would own stakes in BootsIt is not sure if the size of the stake would be the sameOwners of the UK supermarket group Asda also have made a bidThe 173-year-old Boots business has 2,200 stores across the UKIt includes pharmacies, health and beauty stores

Amazon has doubled its India export targetThe new target is $20 billion by 2025Jeff Bezos had earlier said Amazon’s aimed to export $10 bn by 2025The company revised the target after seeing increased momentumThe programme initiated in 2015Amazon India achieved $1 billion in exports in three yearsSince then, it has hit cumulative exports of over $3 billionAmazon provides exporters payouts in 7-14 daysIn offline export markets, it is 45 daysMoreover, Amazon offers access to 18 marketplaces in 200 countries

The state-of-the-art Fintech Accelerator has been launched. It was launched by Open Financial Technologies in collaboration with the Kerala Startup Mission to attract more entrepreneurs in the fintech sector and create a better ecosystem for Kerala startups. The accelerator was announced at the Fintech Summit organized by the Kerala Startup Mission in Kochi. The Fintech Summit and Open Acceleration Program was inaugurated by Kerala State Electricity Regulatory Commission Chairman Preman Dinaraj. Mohammad Y Safirulla, Officer on Special Duty, Finance Department, who presided over the function, said that the government was taking steps to transform Kerala into a knowledge economy. John…

Apple has stopped accepting payments through debit and credit cards for subscriptions and app purchases in India through its App Store It will only allow payments through netbanking and the Unified Payments Interface (UPI) Users will also not be able to purchase or rent any movies using their cards on Apple TV The move is a result of the new auto-debit rules enforced by the Reserve Bank of India last year Apple is among the few companies to outright stop accepting card payments according to the new auto-debit rule

All smartphone users are aware of Truecaller, the app that reveals the true identity of a caller. It has become an indispensable part of smartphone users over the years. In 2011-12, Truecaller was one of the biggest hyped subjects. It was, indeed, a blessing in disguise for the phone users who were dealing with the pros and cons of the mobile phone revolution. Let’s have a look at the successful journey of the platform. What made Truecaller popular? Because, it made the tech-savvy life of people a lot much simpler. The mobile revolution was life-changing; but it also presented difficulties…

Facebook actioned about 21.6 million content pieces in MarchViolations happened across 13 categoriesThe report was published by MetaSome are spam, bullying and harassment, child endangerment…… dangerous organisations and individuals, violent and graphic content etc…14.9 million were in the spam category and 2.5 million in the violent and graphic content categoryThe adult nudity and sexual activity category had 2.1 millionInstagram actioned about 2.7 million content pieces across 12 categories.

Ministry of Road Transport and Highways officials confirmed that recent incidents have been caused due to defects in cells and battery designs Road Transport Secretary Giridhar Aramane confirmed that the government had advised electric vehicle manufacturers to check their battery components for defects And to defer launches and new sales in case there is a possibility of a fire in future Aramane said that the government was revising automotive industry standards 156 to bring in latest testing technology The senior bureaucrat also urged EV players not to blame customers for negligence in riding or maintenance of the vehicles

The launch of the iPhone 14 series is likely to be delayedThis is due to the surge in Covid cases in ChinaChina has imposed restrictions to contain the virusChina is the largest manufacturing and assembly hub for AppleApple is expected to launch four new iPhone models this yearThey are iPhone 14, iPhone 14 Max, iPhone 14 Pro, and iPhone 14 Pro MaxUsually, Apple launches new series around the second week of SeptemberThis time, it may get delayed

Adani Wilmar to acquire popular rice brand Kohinoor from McCormick Switzerland GMBH The takeover will give Adani Wilmar an exclusive rights over the brand Kohinoor Basmati rice It will also get rights for the ‘Ready to Cook’, ‘Ready to Eat’ curries and meals portfolio under the Kohinoor Brand umbrella in India “The Kohinoor Brand has a strong brand recall and will help accelerate our leadership position in the Food FMCG category, ” Angshu Mallick, Chief Executive Officer and Managing Director of Adani Wilmar said Mallick believes that the packaged food category is under-penetrated with significant headroom for growth

According to business analysts, there occurs a shift in investment patterns. Their observation suggests that unicorn minters like Tiger Global and SoftBank are shifting their focus back to early-stage funding rounds due to the downturn in the global market and the fall of tech stocks. The Japanese tech investment firm SoftBank registered a record $13 billion loss in FY22. The fair value of some of its companies, including India’s Paytm and Policy Bazaar slipped by more than half during the last quarter of FY22. At the same time, Tiger Global lost two-thirds of its cumulative gains which amounts to $17…