Author: News Desk
For more than a year, Amazon.com Inc and India’s Future Group have been locked in a complex legal stand-off that has stalled Future’s $3.4 billion sale of assets to rival Reliance Industries, the country’s biggest conglomerate. After trading barbs in courtrooms for months, Amazon and Future unexpectedly agreed on March 3 to hold discussions to resolve their dispute. Here’s what the dispute detailed by Reuters news agency. The dispute is seen as key to deciding who gets an upper hand in one of the world’s fastest-growing retail markets, is all about and what led to the sudden change in tone.…
According to the statistics received by the crypto exchange CoinDCX, women comprised only 15 per cent of their total user base in the year 2021. It is noteworthy to mention that according to a recent study by Chainanalysis, India stands second out of 154 countries in terms of crypto adoption, but the Male to Female ratio of crypto investors and traders is extremely skewered. On CoinDCX, this ratio is 17:3 which is far from ideal, according to a media report. The study says that most women active on the exchange are a part of the 18-34 age group. The data curated…
No need of smartphones The Reserve Bank of India (RBI) has rolled out Unified Payments Interface (UPI) for feature phones. Following his announcement in December 2021, the RBI governor has now delivered the promise of bringing the simplified digital payment service to non-smart mobile phones in India, The Business Insider reported. The UPI payment system was limited to smartphones with internet connectivity till now. While UPI turned out to be a hit for fuelling digital payments in the country, its accessibility to the masses with feature phones was awaited for a long time, the report said. “While we have been growing impressively in digital payments, a…
https://youtu.be/w4MDdfOmjYE Donations in cryptoUkraine anticipates doubling the $50 mn of crypto donations it received so far in the next two or three days. Ukraine has already spent $15 million of the donations on military supplies, a senior minister said. Most of the donations have been in Bitcoin and Ether.The 250-person ministry has managed to find suppliers in Europe and the U.S. The supplies include everything from the vests to food packages, bandages, and night-vision devices for the army. About 40% of the suppliers are willing to take crypto. The rest are typically paid with crypto converted into euros and dollars.
https://youtu.be/pexoycuavrw New E-bikesIgnitron Motocorp, a homegrown EV startup, has unveiled the price for its range of Cyborg EV motorbikes – Yoda, GT 120 and Bob-e. The bikes will be available at a price of Rs 1,84,999, Rs 1,64,999 and Ra1,14,999 respectively. The additional subsidies across various states will make the range of motorbikes even more affordable for customers to purchase.The company will also announce the booking date for the motorcycles soon. Interested buyers will be able book Cyborg electric motorbike through the company website. The CYBORG Bob-e is India’s first compact sporty AI-enabled electric dirt bike mimic, with a speed of…
How it started Blockchain technology got importance after the concept of Bitcoin was introduced in 2008. It was created by Satoshi Nakamoto. It is however, a pseudonym given to the mysterious creator(s) of the world’s largest cryptocurrency. In October 2008, Nakamoto came up with the idea for Bitcoin as a digital currency. that would not require any central intermediatory to facilitate transactions in the official Bitcoin whitepaper. Nakamoto touted the bitcoin blockchain as a peer-to-peer network. It could leverage the mathematical discipline of cryptography to obfuscate transactions. Big future ahead Bitcoin’s open-source software started operating in 2009. This meant that…
5G is futureAccording to GfK, the growth in the Indian smartphone market in 2022 is expected to be driven by a shift to higher price bands and premiumisation with 5G playing a key role.The contribution of 5G handsets stood at 12 per cent by volume in 2021. 5G handsets volume contribution is expected to cross 40 per cent in 2022, the Business Line reported. “Even though the Indian smartphone market ended 2021 with an overall growth in revenue, it needs to be emphasized that growth in second half of the year was significantly lower than the first half and the mode of consumer…
https://youtu.be/sfZ6YGpcOrQStory of Rubens AccessoriesWe have heard many exciting stories of entrepreneurship. What about a person who ran away from home to return as an entrepreneur? This may sound like a movie story, but, this is the life of Chinu Kala, the founder of Rubens Accessories. Chinu was 15 years old when she ran away from home in Mumbai due to differences in the family. She did not have a degree or a certificate. She had a few clothes and 300 rupees with her. After spending a night at the railway station, Chinu found a job as a salesgirl selling coasters and…
https://youtu.be/jYLWSQMrXlc Supply chain to be affectedThe Russia-Ukraine war will adversely affect the global supply chains. The weight of the economic impact will hinge on the duration of the conflict. The military conflict will only exacerbate the situation for companies in many industries, says Moody’s Analytics. Inventory and reserves can help mitigate short-term supply-chain disruptions, but shortages will be inevitable if the war persists. The most salient adverse impact will be felt in European countries that are recipients of Russian oil and natural gasUncertainty over the conflict will lead to higher oil and natural gas prices worldwide. Automakers, electronic device manufacturers, phone makers,…
https://youtu.be/agHjgR0SZ7A A collective effortOn March 8, the whole world is celebrating the International Women’s Day. This will mark the social, economic, cultural, and political achievements of women. Women’s equality is also an important slogan which has gained relevance and this day also marks a call to action for this.For over a century, International Women’s Day has been celebrated. The first gathering happened in 1911 and was supported by over a million people. In the current scenario, International Women’s Day belongs to all groups collectively everywhere.Various themes are introduced every year during Women’s day celebrations. This year, the campaign theme for International…