Author: News Desk

https://youtu.be/dX2tC0LsQtM Between Nov 8 and 10, the Indian capital market will witness the biggest IPO by Paytm. According to Moneycontrol, Paytm had increased the issue size from Rs 16,600 crores to Rs 18,300 crores. The Red herring prospectus has been filed with the Registrar of companies. Prior to Paytm, the biggest IPO was launched by Coal India which raised Rs 15,745 crores. Based on the uptick in issue size, the primary component of the Paytm IPO will be worth Rs 8,300 crore. And, the additional amount will go to the offer for sale component which stands at Rs 10,000 crore.…

https://youtu.be/PRVnj-ENSd4 MeitY Startup Hub partners with Google to launch a growth and development programme. The programme ‘Appscale Academy’ will train early to mid-stage startups on building high-quality apps. It will focus on helping startups build and scale a range of apps across domains. This includes gaming, healthcare, fintech, edtech, social impact and more. A special focus will be given to the emerging startup ecosystem in Tier II and Tier III cities. “It is good to see startups increasingly drive local app innovations with global potential”, a senior official said. Applications will be open till December 15, from which 100 startups…

https://youtu.be/84zxpPCJlGMMedia baron Subhash Chandra is no stranger to the corporate battles.  The latest is between Chandra and his supporters versus Atlanta-based Invesco Developing Markets Fin.  Invesco is Zee’s biggest shareholder with an 18% stake. A court in Mumbai has temporarily restrained Invesco from calling a shareholder meeting. This is a crucial win for Zee and its founder Chandra.  Invesco is unhappy with Zee’s operations.  It wants to remove Chandra’s son Punit Goenka from the CEO position. After the verdict, Zee’s shares advanced 6.8% in Mumbai trading.  Chandra’s family’s stake in Zee Entertainment is less than 4%.  This is after he pledged shares to pare debt owed by his wider…

https://youtu.be/zF0eaEVV2wYIs it possible to become a unicorn in just 21 months? The success story of Apna — a professional networking platform — says that nothing is impossible. The company was able to become a unicorn without big figures in its annual turnover. Apna started its unicorn journey after the country’s economy began to regain balance from the losses incurred during the Covid lockdown. The Bengaluru-based firm became a unicorn after it raised $100 million in Series C funding led by Tiger Global. The startup that was started in 2019 by Nirmit Parikh now has offices in Mumbai, Delhi, Bengaluru, Hyderabad and Pune, among others. This…

https://youtu.be/AKXaS1t-IhwJio-bp has opened its first Jio-bp branded Mobility station at Navde, Navi Mumbai. A joint venture of Reliance Industries Ltd (RIL) and energy supermajor BP. Jio-bp is said to provide an unmatched and distinctive customer experience. The petrol pump will also offer multiple fuel choices, including EV charging infrastructure. In 2019, BP had bought a 49% stake in over 1,400 petrol pumps and 31 ATF stations owned by Reliance. The existing petrol pumps of Reliance will be rebranded as Jio-bp. India’s auto fuel retailing is dominated by public sector oil companies.They own the majority of 78,751 petrol pumps in the country

https://www.youtube.com/watch?v=eEg0aADEpus Spicejet will launch 28 new domestic flights across the country from October 31. The airline will launch multiple new non-stop flights connecting the tourist hotspots of Jaipur, Jaisalmer, Jodhpur and Udaipur. These spots will be connected with key metros and cities as part of the airline’s new winter schedule. SpiceJet will also connect Bagdogra with Ahmedabad, Kolkata with Srinagar. It will also add two new flights on the Bengaluru-Pune sector. The govt had allowed airlines to operate domestic flights without any capacity restriction from October 18.

https://youtu.be/charAg_jSLIThe Centre has signed the Sales and Purchase Agreement (SPA) with Tata for the privatisation of Air India. The SPA with Tata Sons has been signed, DIPAM Secretary Tuhin Kanta Pandey said. After signing of the SPA, Conditions Precedent (CP) will be completed in about eight weeks. Meanwhile, the government will prepare financial statement of the national carrier. It will be completed before the cut-off date to hand over the airline to Tata’s. The transaction would be completed by December end. Talace Pvt Ltd had emerged as the successful bidder to buyout govt’s shareholding in AI

https://youtu.be/gDoCLVpfngc Ekonk electric hypercar, India’s fastest single-seater car has been unveiled. It claims to be one of the fastest accelerating cars in the world. Ekonk is also the lightest electric hypercars weighing an overall of 738 kg. The car is manufactured by Indian EV startup Vazirani Automotive. The car uses a new battery solution that replaces the traditional liquid cooling technique. It uses a technique called DiCo that enables the batteries to cool directly with the air. The hypercar’s body has been fully made from carbon fibre to reduce weight. Vazirani might later come up with limited series production of…

https://youtu.be/9XQ85_9G6P8Kamal Haasan will launch his fashion brand in Chicago in November. The ace actor announced this during the finale of Big Boss Tamil season. His new brand – House of Khaddar – will popularise the Indian handwoven material. He will launch the Fall Winter collection 2021, with the catchphrase ‘Fashion is being civil yet disobedient. The launch is likely to happen around his birthday, which is on November 7. The series of clothing is designed by Kollywood-based costume designer and stylist Amritha Ram. She has been working with the actor and his daughter Shruti Haasan recently.  “We are proud of choosing a material that made a political…

https://youtu.be/B-cDqJapMIACadbury has come up with a new ad to endorse Covid-hit small businesses during Diwali. It has roped in Shahrukh Khan as the brand ambassador for these small businesses. A 2.18-minute video released by Cadbury is titled ‘Not Just a Cadbury Ad’. It used machine learning to use Shah Rukh Khan’s face and voice to name the local stores. The video shows how small businesses can customise it with their basic business info. And, share it on social media platforms to promote themselves. The ad posted on YouTube is nearing 8.5 lakh views so far.