Author: News Desk
Although electric aircraft may seem far-fetched, they are now available, at least for short distances. Larger planes are on the way, and two-seater Velis Electros are now quietly circling Europe. In British Columbia, electric sea planes are also undergoing testing. On September 15, 2022, Air Canada announced that it would purchase 30 electric-hybrid regional aircraft from Heart Aerospace of Sweden. Heart Aerospace anticipates putting its 30-seat aircraft into service in 2028. The first 50–70 seat hybrid electric commuter plane could be available soon after, according to analysts at the U.S. National Renewable Energy Lab. They predict that electric aviation could…
Volvo India launches four new petrol mild-hybrid cars. They are its flagship SUV XC90, mid-size SUV XC60, compact SUV XC40, and luxury sedan S90. The new models come with a set of new features. With this, Volvo’s transition of its domestic car portfolio to Petrol mild-hybrids models has been completed. Volvo India is inching towards its goal of all-electric company by 2030. From 2023, Volvo will be launching a new electric car each year.
Ajmal Bismi seeks Initial Public Offering, MD, VA Ajmal He did not confirm reports of Reliance Retail acquiring Bismi, Kerala’s leading electronics and grocery retail chain. Bismi has 30 large stores in Kerala with a combination of electronic and hypermarket formats. Bismi is a retail chain owned by Businessman V.A. Ajmal. The company, which currently has a revenue of around Rs 800 crore, is working towards an IPO target of Rs 600 crore. Reliance acquired Sri Kannan departmental store in Tamil Nadu, Kalaniketan, a leading saree and ethnic wear retailer in South India, and Jayasuriyas Retail, a local grocery chain.
Shaktikanta Das, governor of the Reserve Bank of India (RBI), announced the UPI on RuPay credit cards and the UPI Lite for feature phones. He also declared that the Bharat Bill Pay System (BBPS) will support cross-border bill payments. Federal Bank and UAE’s Lulu Exchange will be the first to launch BBPS cross-border bill payments, while Punjab National Bank, Union Bank of India, and Indian Bank will be the first to launch UPI on RuPay credit cards via the Bhim app. UPI Lite is a “on-device wallet” designed to support offline transactions of lower sums, much like those available on…
Airtel and WhatsApp to launch ‘Airtel IQ Hackathon’, an opportunity for startups to build new-age business solutions. The programme aims to identify business solutions using the WhatsApp Business platform. The focus would be on five sectors of the economy – e-commerce, ed-tech, banking and financial services, travel and tourism, and contact centre operations. The startups will receive prizes worth up to Rs 1 crore along with business mentorship and learning modules on the WhatsApp business platform. Emerging Indian startups, Independent Software Vendors (ISV), and the student community can make use of this chance. The event will also provide winners with…
Tamil Nadu-based Uzhavarbhumi, established by Vetrivel Palani and Paneerselvam in 2018, is an end-to-end milk distribution platform for consumers and distributors. The startup stands for unadulterated milk. In Tamil, Uzhavarbumi means ‘the land of farmers.’ In the initial days, Vetrivel roamed around the villages looking for distributors. Initially, farmers denied his request. However, eventually, Vetrivel’s efforts brought results. Over time, Uzhavarbumi added more farmers, expanding its business. The company procures milk from more than 2,400 cattle owners and brings it to its factory in Madurantakam, Tamil Nadu. The factory, which is spread over 55,000 sqft has two instant chillers and a processing plant spread across 15,000 sqft. The startup says mouth publicity played a crucial role…
Miami based Doroni is working on a way to “democratize flight”. Its proposed solution is the H1 personal eVTOL. The H1 is advertised as the “first sustainable, practical flying car”. It is a fully electric two-seater Flying Car. Has two sets of wings with large ducted fans ,a 500-pound payload, and wheels. The eVTOL is expected to have a range of 60 miles (96 km) per charge. The battery can be charged from 20 to 80 percent in about 20 minutes. It will also have a parachute for safety. The H1’s starting price will be $150,000.
The American business magnate Warren Buffett is an inspiration to millions. Now, social media is abuzz with a video of Buffett from 1994. The video shows his advice for investors while buying stocks, houses or businesses “Don’t ask the barber whether you need a haircut”, goes his advice. The video also features his longtime partner Charlie Munger. They share their experiences in business Buffett is seen exhorting the audience to develop their own insights. “You don’t have to do exceptional things for exceptional results,” he says. “The main thing to do is to avoid being wrong” Buffett purchased his first…
Apple Inc to focus more on India for production. It may make one out of four iPhones in India by 2025. About 5 percent of iPhone 14 production will shift to India by late 2022. About 25 per cent of all Apple products to be manufactured outside China by 2025. It is due to the geo-political tensions and pandemic restrictions. Apple started iPhone assembling in the country in 2017 via Wistron and Foxconn.
YouTube introduces advertising in Shorts. It is a new way for content creators to make money. Creators would get 45 per cent of the ad revenue. For other videos, YouTube’s standard distribution is 55 per cent. YouTube is currently facing fierce competition from TikTok. TikTok recently set aside 1 billion for creators.