Author: News Desk

Food delivery platform Zomato to acquire Blinkit. Blinkit is an instant grocery startup. The all-stock deal is for Rs 4,447 crore. A move by Zomato to exploit the quick grocery delivery market. Zomato will issue up to 629 million shares. This will be on a fully-diluted basis Each share will be priced at Rs 70.76. The shares are subject to a 12-month lock-in. Zomato also acquired HOTPL for $8 million. HOTPL is Blinkit’s warehousing and ancillary services business.

Indian economy may touch $30 Tn in 30 years. Said Commerce and Industry Minister Piyush Goyal. It’s possible if India grows by 8% every year on CAGR. India is a fast-growing economy, he said. It is growing at a healthy pace even in challenging times. It has managed to maintain inflation at a reasonable level.

Adani to venture into the copper manufacturing business Raised Rs 6,071 cr loan from SBI and other PSU banks. The one-million-ton per annum copper plan will be in Gujarat. The plant will be established in two phases. It will be one of the world’s largest copper refinery complexes Production will begin in two years. The plant will be set up by Kutch Copper Ltd (KCL). KCL is a subsidiary of Adani Enterprises. KCL’s rivals are Hindalco and Hindustan Copper.

Google Nest Cam, Google’s home security system has arrived in India. Google Nest Cam is powered by smart home features that can be recharged .Nest Aware and Nest Aware Premium are available for Rs 3,000 and Rs 5,000 respectively .Google Nest Cam is a security camera that can be installed indoors or outdoors in any weather. The camera supports motion sensors and warns of intruders. It Offers a variety of features, such as alerts for animals / vehicles / individuals, and two-way communication via a built-in microphone and speaker. The Google Nest Cam can be purchased from Tata Play’s official…

Russia discusses opening Indian supermarkets chains in Russia. Said Russian President Vladimir Putin at the BRICS summit. He spoke for the first time at BRICS after invading Ukraine Russia also discusses increasing Chinese cars on the Russian market .Added Putin in the virtual meeting Russia wants to reroute its trade and oil exports toward BRICS countries. It is due to the Western sanctions over Ukraine China hosts the 14th BRICS summit. BRICS countries comprise Brazil, Russia, India, China and South Africa.

A Tata Nexon EV caught fire in a suburb of Mumbai.The cause of the fire is currently unknown, and there were no injuries caused in the incident. Tata has already begun an investigation into the fire and will reveal the findings. The company said this was the first instance of an electric vehicle (EV) made by it going up in flame.s Tata Motors has sold more than 30,000 EVs so far. It cumulatively covered over 100 million kilometers across the country over the past four years.

India introduces Bharat NCAP programme. In a bid to boost road safety in India. Automobiles will be given ‘star ratings’ .The ratings will be from 1 to 5 .It will be based on the performance in crash tests .Bharat NCAP will follow globally accepted crash-test protocols. The programme will begin on April 1, 2023 Bharat NCAP will let buyers take an informed decision.

Prime Minister Narendra Modi is on a two-day visit to Germany during which he will attend the G7 summit. He will discuss issues like energy, food security, counter-terrorism, environment and democracy with the leaders of the powerful bloc and its partner countries. Modi said he also looks forward to meeting members of the Indian Diaspora from across Europe. The G7 leaders are expected to focus on the Ukraine crisis that has triggered geopolitical turmoil besides fuelling a global food and energy crisis. The summit is being hosted by Germany in its capacity as the chair of G7, a grouping of…

For startups across the globe, time is not quite favourable. Many Indian startups are relying on firing employees to sustain themselves. Recently, accelerator Y Combinator had told its startups that ‘the safe move is to plan for the worst.’ In brief, there are reports about funding winter in the startup scenario following the Russia-Ukraine war and rising inflation. This is where RBI Governor Shaktikanta Das’ words become significant. Recently, he exhorted entrepreneurs to keep an eye out for risks to achieve the long-term sustainability of their business. He said the startup founders should continuously evaluate the build-up risks and vulnerabilities…

Amazon’s Alexa might soon mimic the voice of the user’s dear ones even if they are dead. It would mimic the voice based on less than a minute of provided recording. The capability was revealed at Amazon’s Re:Mars 2022 held in Las Vegas. Rohit Prasad, vice president and head scientist for Alexa, said the feature was to build greater trust in Alexa’s interactions with users by putting more human attributes of empathy and affect. Amazon found the feature important during the pandemic due to high death rates. The brand has not disclosed when the feature will be launched.