Author: News Desk

https://youtu.be/RMLDXIGLigo The government has chosen nine expressways to install 6,000 charging stations. Of this, about 3,000 will be installed soon, said Union Minister Mahendra Nath Pandey. According to the minister, the main concern when it comes to Electric vehicles. Locally made batteries About 30% of the cost of the EV is the cost of the battery itself. This can be reduced if it is locally produced, the minister said.Challenges aheadThe sale of EVs in India has increased drastically in the last few months. There are various challenges that we have to counter, the minister said. They include the price and the charging infrastructure…

https://youtu.be/jnRI2Pb9Yj4 Cryptocurrency-fuelled ransomware constitutes 79% of the global cybersecurity incidents. Conti and REvil led the attacks, a new report said. Better regulationsCryptocurrency will fuel cybercrimes like ransomware and malicious cryptomining. The trend will continue until global crypto currencies are better regulated, according to researchers from global cyber security firm Sophos.Cyberattack via RaaS groupsA recent high-profile ransomware attack involved ransomware-as-a-service. It included an attack against Colonial Pipeline in the US by a ‘DarkSide’ affiliate. The Conti RaaS group has been one of the most prolific in the industry. It was originally observed in 2020. A recent insider leak identified a manual for Conti…

https://youtu.be/dcXJ_rk8tf8 India has become the third-largest domestic aviation market in the world. Civil Aviation Minister Jyotiraditya Scindia said at ‘The ‘Wings India 2022’ event.Third-largest domestic trafficThe Civil aviation minister said India now handles the third-largest domestic traffic after the US and China. Scindia said air transport plays an important role in the country’s economic growth.Surge in goods carriedThe freight handled by airports during the first two quarters of FY22 has recovered well. It recovered to over 80% despite the country being hit by Covid wave in the first quarter.

https://youtu.be/vbu5ndN4ANs El Salvador will build an oceanside Bitcoin City at the base of a volcano. The Bitcoin City would be circular with an airport, residential and commercial areas.Taxfree It will also feature a central plaza designed to look like a Bitcoin symbol in the aerial view. President Nayib Bukele said the city would get geothermal power from the volcano. No taxes will be levied except VAT in the city planned in the eastern region of La Union.Make use of VATHalf of the VAT levied would be used to fund the bonds issued to build the city and the other half would pay…

https://youtu.be/5ppF5A7tY6Q Popular Vehicles and Services to expand its footprint into major northern and western Indian states. The company will start operations in Maharashtra, Gujarat and the Delhi National Capital Region.Big plansThe firm is also gearing up to become the only publicly-traded automobile retailer in India. It will focus more on the services segment of the business rather than sales.  It is coming up with an IPO comprising fresh issuance of equity shares worth Rs 150 crore. The offer for sale (OFS) of 2.6 million shares is by private equity major Banyan Tree.Market leaderIn terms of sales, Popular is among the top…

https://youtu.be/uSlLvooaSjIMaruti Suzuki India is not going to be in the diesel space, a senior official said. The company believes that the sale of Diesel vehicles would further come down.Stops Diesel cars It can happen with the onset of the next phase of emission norms in 2023, the official said. The next phase of emission norms would jack up the cost of diesel vehicles, the firm feels.Concentrate on fuel efficient carsIt would further impact the sales which have seen a gradual shift towards petrol cars. It would focus on improving its existing petrol powertrains in terms of fuel efficiency. Moving forward, it…

https://youtu.be/Fz_-B8pPuUY Apple is all set to launch its much-awaited Apple Store in India. Tim Cook had announced that the company would soon launch retail stores in India. First store in Mumbai Apple has started the hiring process for its retail stores in Mumbai and Delhi. The first store is expected to come up at the Bandra-Kurla Complex in Mumbai. The second store will be opened in Delhi. It will open its third store in Bengaluru. Currently, Apple sells its products offline through authorized resellers Support to customers Apple Stores will allow customers to have a first-hand experience of Apple products…

https://youtu.be/SjIBXP3orl0 Kitex Garments has incorporated a new subsidiary ‘Kitex Apparel Parks Limited’ (KAPL). Focus on wide varietyThe subsidiary company is engaged in establishment and carrying on the business of textile items, such as yarn, fabrics, garments, wearing apparels made from natural or synthetic fibres or from blends of both including children’s garments, babywear, infants wear, menswear, ladies wear irrespective of age limit and the like and also to procure all raw material and other auxiliary materials services required for the same.Profit surgeThe company has subscribed to the shares worth Rs 70 crore in KAPL. It is divided into Rs 7 crores shares…

https://youtu.be/lw9rr7_7cIc The Walmart-controlled Flipkart has announced its entry into the healthcare segment.The e-commerce firm said it entered into the sector through the launch of Flipkart Health+ Stake in Sastasundar Marketplace LtdFlipkart has signed an agreement to acquire a majority stake in Sastasundar Marketplace Ltd. The Kolkata-headquartered online pharmacy owns and operates SastaSundar.com. The digital healthcare and pharmacy platform is supported by over 490 pharmacies. It is backed by Japanese investors Mitsubishi Corporation and Rohto Pharmaceuticals. Quality healthcare assistance assuredThe firm also provides personal counselling. This will deliver comprehensive solutions for a range of healthcare needs. Through Flipkart Health+, Flipkart in India will leverage…

https://youtu.be/mGSq3J7fBcE Small Industries Development Bank of India (Sidbi) has partnered with Google India Pvt. Ltd (GIPL). This is for piloting a social impact lending programme with the financial help of up to Rs 1 crore. Boost for MSMEsThere will be a competitive interest rate for MSMEs. This brings a corpus of $15 million to MSMEs as a crisis response related to COVID. This partnership with GIPL brings a corpus of $15 million (around Rs 110 crore) to micro, small and medium enterprises (MSMEs) as a crisis response related to Covid-19, Sidbi said in a release.The loan programme targeted at micro enterprises (having turnover…