Author: News Desk

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…

https://youtu.be/AvzqYjAs-x4 Accenture and Microsoft will support startups focusing on social impact, sustainability. These firms will help 10 startups to scale their emerging solutions and business models.Project AmplifyAsia Pacific-wide Project Amplify accelerates the growth of 33 startups across the region. The initiative has a long-term goal of accelerating Asia’s potential and improving millions of lives in the region and globally. Microsoft said it is committed to addressing some of India’s most pressing challenges. Many of the social enterprises in Project Amplify are focused on solving these issues.

https://youtu.be/81bx5ul54Io Mahindra Chairperson Anand Mahindra has noticed a new startup. “Embarrassed I didn’t know about this inspiring startup,” he tweeted.Anand Mahindra’s offerHe said that these kinds of startups need cheering, not just the obvious unicorns. He also said to count him in when the startup ‘Thaely’ raises funds.Innovative technology’Thaely’ is developed by Ashay Bhave. It produces ethically developed sneakers that use components recycled from waste materials. The materials are recycled plastic bottles, upcycled plastic bags, vegan glue etc.

https://youtu.be/fcrgU3s-r-w McDonald’s India has curated a special meal with South Indian actress Rashmika Mandanna. The meal includes the actor’s favourite dishes from the fast-food chain. Comes in exclusive packaging, it will start selling this week.Available in South Indian outletsThe ‘Rashmika Meal’ will be available for a limited time in the South Indian outlets. This is the first of the ‘Famous Orders’ meal collaboration for IndiaSuccessful campaignMcDonald’s ‘Famous Orders’ platform has seen global success. American singer Mariah Carey and Korean band BTS  have meals under the segment.

https://youtu.be/xK3Douc9GFg Mensa Brands has raised $135 million in fresh funding. With this, the six-month-old venture is valued at over a billion dollars.Superstar Unicorn This makes it the fastest Indian start-up to become a ‘unicorn’. Mensa Brands was founded by former Myntra CEO Ananth Narayanan. Mensa has acquired 12 brands such as designer sarees, jewellery, men’s wear etc.Solid fundingMost of these brands have been growing 100 per cent year-on-year since the acquisition.Mensa has raised over $300 million in equity or debt so far. It is among the best-funded players in the e-commerce rollup space in India..

https://youtu.be/OMPGgAaopFI PM Narendra Modi has warned about the potential risk bitcoin presents to younger generations. The central government is currently planning to regulate cryptocurrencies.Close monitoring neededModi framed virtual money as a domain that needs close monitoring. “Take cryptocurrency or bitcoin, for example. It should not end up in the wrong hands,” he said. Critics have said Cryptocurrencies can be misused for drug trafficking, money laundering.Several countries have begun to introduce oversight over cryptocurrencies. India had effectively outlawed crypto transactions in 2018. But, the Supreme Court struck down the ban two years later. 

https://youtu.be/j_mIvT-wcB4 The third edition of Asia’s biggest startup summit Huddle Global Meet will happen in December. The virtual event organised by KSUM will be held on December 8 and 9.Awareness on business opportunitiesIt aims to create awareness on business opportunities after Covid and support startups technically and financially. Renowned startup founders, mentors, investors, business tycoons and government  representatives will attend the event. KSUM CEO John M Thomas said discussions on issues related to startup ecosystems will be held.Boost for startupsGlobal corporate firms, startup promotion forums, and private agencies that support startups will coordinate with KSUM. The event will see startups that…