Author: News Desk

https://youtu.be/SCyzlbzywz4 Nykaa is all set to launch its IPO on October 28 and will continue till November 1. The price band of the initial share sale is fixed at ₹1,085-1,125 per share. Sebi had approved the company to raise funds via the public offering. The initial share sale comprises a fresh issue of equity shares worth Rs 630 crore. An offer for sale of Rs 4.19 crore shares by promoters and existing shareholder. Nykaa is a leading multi-brand beauty and personal care platform in India. It has been ramping up its presence in the fashion space. Nykaa, a profitable e-tailer…

https://youtu.be/5NQp5GJ7QdY India’s first-ever alcohol museum has opened in Goa’s Candolim. The ‘All About Alcohol’ museum opened its doors as a dedication to Goa’s rich heritage. Locally distilled drink ‘Feni’ made with coconut or cashew is the heritage drink of the state. “The museum intends to make the world aware of Goa’s rich heritage”, Nandan Kudchadkar, founder of the museum said. “Especially the story of feni, the strong local drink,” he added. He said they do not promote the habit of liquor consumption. “But, the gallery will showcase the unique and rich legacy of brewing feni”. The museum displays a wide variety of…

https://youtu.be/yEI-s_AnrLkUK satellite firm Inmarsat Holdings Ltd has got the approval to sell high-speed broadband to planes and shipping vessels Inmarsat will access the market via state-owned BSNL. BSNL received a license from India’s Department of Telecommunications, the London-based company said. Inmarsat has struck deals with SpiceJet and the Shipping Corp of India. Inmarsat already offers reliable but low-data “L-band” services in India. It can now offer much faster 4G-like “Ka-band” broadband on its GX network. Inmarsat’s connectivity comes from satellites in geostationary orbit.It will compete with low-earth-orbit satellite rivals like Space Exploration Technologies Corp and OneWeb.

https://youtu.be/AY–z0G0Bb4Tesla Inc has asked the PMO to slash import taxes on electric vehicles before it’s an entry.Tesla wants to sell imported cars in India this year.The company says taxes in the country are among the highest in the world.A media report said Tesla executives took the company’s demands to PM Modi’s officials last month Tesla said that India’s duty structure would not make its business in the country a “viable proposition”Tesla has separately put in a request for a meeting between Elon Musk and PM Modi.India levies an import duty of 60% on electric vehicles that cost $40,000 or less, and 100% on…

https://youtu.be/8zVmf3eS1p8Google will soon launch its new data privacy section for Play Store apps.A new “Data safety form” will be available on the Play Console for app developers. App developers can fill out the relevant details. The required information will be visible to users from February 2022. It will be mandatory for developers to submit information by April 2022. Google announced this new feature in May. The data section will give consumers an overview of how apps use their data. Developers will have to tell users what type of data their app collects like location, contacts etc.

https://youtu.be/O0mhepwBdYU Investments worth $4.6 billion were recorded in India’s fintech space in the first three quarters of 2021. The Q3CY21 alone saw investments worth $2.4 bn for 53 closed deals, a PwC report said. Analysts expect exits in the fintech sector to increase, both in terms of IPOs and acquisitions. “M&A activity is likely to grow considerably as corporates look to expand their capabilities and offerings”, PwC analysts said. “Cross-border activity is also likely to be robust as fintech enterprises look to become global or regional leaders”. There could be more ‘Big Tech’ partnerships in the fintech space, analysts predicted.…

https://youtu.be/em9GPHiEZgcAfter facing a ban from Twitter and Facebook, Donald Trump will launch his own social media app. The ‘TRUTH Social’ app would “stand up to Big Tech” companies such as Twitter and Facebook, Trump said.  “I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG’s mission is to give a voice to all”. It will be created through a new company formed by merging the Trump Media and Technology Group and a SPAC. The social network is set for a beta launch next month and full rollout in the first quarter of 2022. A subscription video-on-demand service called TMTG+ featuring entertainment, news…

https://youtu.be/ike77aovwNg JioPhone Next was expected to launch in September this year . Later, Reliance Jio had confirmed that the affordable smartphone will hit the market before Diwali. Now, Google Play Console has listed some specifications of the smartphone . The device will be powered by the Android Go operating system, Android Go 11 to be specific. This operating system is built for devices with low specifications. The JioPhone Next comes with an entry-grade Qualcomm Snapdragon 200-series chipset. The smartphone will be powered by the Snapdragon 215 chipset which will be paired with Adreno 306 GPU. The size of the display…

https://youtu.be/slwi-2POh9g C Balagopal is appointedas the new Chairman of Federal Bank. He is currently serving as director of the Federal bank. He will take charge on November 22, 2021, and go on till June 28, 2023. Former IAS officer, Balagopal shined as an entrepreneur. Post Graduate in Economics from Madras Loyola College, he passed IAS in 1977. He had held various positions in Manipur and Kerala. Balagopal is known for his biomedical company. It used a technology developed by Sri Chithira Thirunal Institute of Medical Science and Technologies. Balagopal is one of the founding directors of Peninsula Polymers and Penpol.…

https://youtu.be/ETBSJTk7lP8 British digital bank Zopa has raised $300 million from investors, including Japan’s SoftBank Group. Zopa looks to expand its business ahead of a possible listing next year. The funding round values Zopa at around 750 million pounds ($1.03 billion). Chief Executive Jainav Janardana said “SoftBank identified us as the clear leader of digital consumer lending in the UK”. “They also believe in using AI and ML for lending and pricing, which we have been doing for years”. SoftBank Group’s Vision Fund 2 has been investing in British financial technology firms. The new valuation is a milestone in Zopa’s journey.