Author: News Desk

https://youtu.be/p5dX507WZuk The Reserve Bank of India has opened a dedicated department for Fintech . It will help create regulations for cryptocurrency and its upcoming central bank digital currency. RBI’s smart moveIndia will reportedly make two CBDCs, one each for wholesale and retail.The new department will be tasked with managing their development. The RBI has been amongst the most vocal opposition for cryptocurrencies in India. The department will oversee new challenges coming from the fintech ecosystem, including cryptocurrency.

https://youtu.be/Y_il–Eh-jE Easing scrutinyIndia is considering easing scrutiny on foreign direct investments, especially from bordering nations. The current move is an aftermath of proposals worth $6 billion getting stuck amid the red tape. India had imposed curbs on foreign investments amid a bloody border standoff with China.Awaiting clearanceThe government became vigilant about investment proposals from companies that share a land border with India. However, those rules, which are mainly aimed at China, have posed a dilemma for inflows. The restrictions made the entire deal-making process complicated for investors. As of November 2021, over 100 proposals are awaiting clearance.

https://youtu.be/g08dwi-UTxs SHE POWER 2.0 provided an opportunity for entrepreneursThe second edition of She Power, provided an opportunity for women entrepreneurs to acquire digital skills and emerge as a platform to address their doubts and concerns. What all digital skills do entrepreneurs need? Is Kerala a place for women entrepreneurs? Whether the venture would be successful if women started it alone, were few of the discussed topics.Good participation for online-digital workshopThe second edition of She Power was held in Kochi, Kozhikode and Thiruvananthapuram in collaboration with the US State Department to impart Digital Skills to  Women Entrepreneurs, MSMEs, Startup Founders and Student…

https://youtu.be/ydjoZbBvlMk Union Commerce and Industry Minister Piyush Goyal said that the startup fraternity should nurture 75 more unicorns in 2022.Startups, a key factorIndian startups are rising at a rapid pace with more new-age businesses reaching the $1 billion valuation. India currently has around 82 unicorns. The Commerce Minister said that Indian startups have turned the covid-19 crisis into an opportunity. He also said that successful startups should reach out to entrepreneurs and startups in the smaller towns and villages. Startups should also aim at catering to new and unexplored sectors. Startups have been a key factor for India to rise in…

https://youtu.be/WGJJwevpxEw Pine Labs has confidentially filed for a U.S initial public offering to raise about $500 million. Temasek and Mastercard backed the company’s listing. This could give it a valuation of about $5.5 billion to $7 billion.Expansion plansLast week, India’s top lender State Bank of India invested $20 million in Pine Labs. Pine Labs had raised $600 million last year, valuing it at $3.5 billion. Pine Labs now offers services and tools such as inventory management and payment terminals to merchants across Asia and the Middle East.

https://youtu.be/OFKrJKw7N9A Billionaire Ambani’s firm is expected to acquire 73% stake in Mandarin Oriental New York for $98 million. Reliance Industrial Investments and Holdings will buy the entire issued share capital of Columbus Centre Corp.New acquisitionThe transaction is expected to close by the end of March. It follows Reliance’s purchase of Stoke Park Ltd. in Buckinghamshire. “This acquisition will add to the consumer and hospitality footprint of the group,” Reliance said. Earlier this week, the company bought a 25.8% stake in Dunzo for $200 million.

https://youtu.be/vmIMCWtnhIA India is likely to overtake Japan as Asia’s second-largest economy by 2030. China is the largest economy in Asia.GDP growth expected India’s GDP is also projected to surpass that of Germany and the UK to rank as the world’s No.3. “India’s nominal GDP measured in USD terms is forecast to rise from $2.7 trillion in 2021 to $8.4 trillion by 2030,” IHS Markit Ltd said. For the full fiscal year 2021-22, India’s real GDP growth rate is projected to be 8.2 per cent. The Indian economy is forecast to continue growing in the 2022-23 fiscal year, at a pace of 6.7…

https://youtu.be/ijsR5A575qo Cadillac has unveiled a new concept car. It’s an autonomous EV designed for solace.InnerspaceThe two-seat car, the InnerSpace, has a low floor and technology that makes its tires quiet. It’s a part of its Cadillac Halo Concept Portfolio. Bryan Nesbitt, an executive director, said that electrification and autonomous driving will change the automobile industry. It is designed to help mitigate soundwave resonance within the tire, making the journey quieter.

https://youtu.be/up_R59y12rA Malavika Hegde, wife of V G Siddhartha, took over as CEO of Coffee Day Enterprises Limited (CDEL) in December 2020. Inspiring example CDEL had a debt of Rs 7,000 crore as of March 31, 2019. In August last year, CDEL reduced the debt, slowly getting back on track. According to its annual report, the net debt of CDEL stood at Rs 1,731 crore as of March 31, 2021.Hedge is a strong example of owning commitment, self-confidence and bouncing back. CCD owns 572 cafes across 165 cities in the country, along with 333 CCD Value Express kiosks.

https://youtu.be/UkydeVZEB2Q Microsoft CEO Satya Nadella has invested an undisclosed sum in Groww“Thrilled to have @satyanadella join us in our mission to make financial services accessible in India,” Groww Co-founder and CEO Lalit Keshre said. Groww enables Indian retail investors to invest in direct mutual funds, stocks, ETFs and IPO. A few months ago, the company raised $251 million, hitting a valuation of $3 billion. It provides services through its web and mobile app on both iOS and Android. Groww was founded by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal in 2016.