Author: News Desk

https://youtu.be/Hm4eojrxm04 Electric is future Zero 21 Renewable Energy Solutions, a Hyderabad-based startup has developed the ReNEW Conversion Kit. This e-kit will help both diesel and CNG-powered three-wheelers or auto rickshaws convert to electric. Zero 21 started developing this conversion kit in 2018. It took the firm  a couple of years to develop the kit. As a small venture they couldn’t afford to make any mistakes with their product. Initially, they sourced most major components from China. Zero 21 is one of the six manufactures enlisted by the Delhi government to convert old petrol and diesel vehicles that cannot ply on the roads into…

Sales low in February India’s top passenger vehicle makers Maruti Suzuki India and Hyundai Motor India, have posted a decline in domestic sales in the month of February, according to a report. At the same time, Mahindra and Mahindra witnessed growth. The report says that domestic sales of Maruti Suzuki India fell by 7 percent year-on-year from 1,44,761 units in February 2021 to 1,33,948 units last month. Shortage of electronic components slightly impacted the production of vehicles primarily sold in the domestic market, Maruti said. “The company took all possible measures to minimise the impact,” the Business Line reported. The…

https://youtu.be/pRoODzNc43c Paytm payments banks faces troubleRBI has barred Paytm Payments Bank from onboarding new customers with immediate effect. RBI cited supervisory concerns as the reason. The bank has been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system.Under pressureIn December last year, Paytm Payments Bank received RBI’s approval to operate as a scheduled payments bank. The bank has been included in the second schedule to the Reserve Bank of India (RBI) Act, 1934.Since listing, Paytm’s share price has been under immense pressure. Paytm Payments Bank had 64 million savings accounts as of March…

https://youtu.be/irntBk9_Tps Asia’s largest facilitySaint-Gobain has completed Rs 500 crore plus expansion at the company’s World Glass Complex at Sriperumbudur near Chennai. Globally, this is the group’s single largest investment destination.The expansion included a new float glass unit, an integrated windows line facility and an urban forest. The company describes it as the world’s first and Asia’s largest fully integrated facility.The new facilities will provide employment to over 200 people . It will take the cumulative investment in the World Glass Complex to over ₹3,750 crore.“Our experience in India has been extremely good; we have sustained high growth rates for a long…

https://youtu.be/MJrRK_4jYN8 Oil export to EuropeThe global energy crunch spurred by Russia’s invasion of Ukraine is giving the world’s biggest refining complex a much-needed boost. Reliance Industry’s Jamnagar facility is lifting crude processing to take advantage of surging demand for diesel. It’s already sending shipments of the fuel to Europe; this will increase in the coming months, a media report said.Taking advantage of situationThe complex in Gujarat can process 1.36 million barrels of crude a day from two refineries. It is able to export most of the fuel. The plant with a focus of exporting 704,000 barrels a day has been languishing…

 Not a bitcoin fan There are many celebrities and tech icons who are keen to invest in Bitcoins. But Bill Gates is an exception.In an old interview of February 2021, the billionaire Microsoft co-founder told Bloomberg Technology that he was wary of the frenzy over Bitcoin, particularly because the value of the cryptocurrency could be swayed by something as simple as a tweet from Tesla CEO Elon Musk. “Elon has tons of money, and he’s very sophisticated, so I don’t worry that his Bitcoin will randomly go up or down,” Gates said. “I do think people get brought into these manias who may not…

https://youtu.be/LTA3c9edI2E Out of the 44 Indian startups that turned unicorns last year, four were led by womenHere is the list of women-led startups valued at over a billion dollarsByju’s, founded by couple Byju Raveendran and Divya Gokulnath in 2011, is the highest-valued Indian startupStanford graduate Upasana Taku is the co-founder and COO of MobikwikGhazal Alagh along with her husband Varun Alagh founded D2C Mamaearth back in 2016Ruchi Deepak founded ACKO Insurance along with Varun Dua in 2017Serial entrepreneur Ruchi Kalra founded business-to-business commerce and fintech company Ofbusiness in 2016Priyanka Gill, the founder of popular content platform PopXo, became a part of the MyGlamm Group in 2020Stanford…

 Valuation at $200 million Loco has raised $42 million led by South Korea’s early-stage enterprise fund, Hashed, as a gaming frenzy takes maintain in the nation of practically 1.4 billion folks.New traders together with Makers Fund, outsourcing billionaire Narayana Murthy’s Catamaran Ventures, and Korea Investment Partners participated in the Series A spherical, together with present traders resembling Krafton Inc., Lumikai Ltd. and Hiro Capital, the live-streamed video games firm stated in an announcement on Thursday. The capital infusion will take the two-year-old startup’s valuation to about $200 million, stated two folks accustomed to the deal who didn’t wish to be named. A…

https://youtu.be/HoMKf2t4Z8o A 17-year-old man who came to Mumbai from Chennai in the 1990s for just Rs 200 later became a millionaire. The life of Prem Ganapathy is similar to that of a movie. Prem Ganapathy is the doshawala of Mumbaikars. He is the owner of Dosa Plaza. It was his hard work, dedication to work and determination that made him a millionaire. Let us hear his story. A passionate Prem GanapathyPrem Ganapathy was born in Nagalapuram in Thoothukudi district of Tamil Nadu. After completing 10th class, he could not find a way to continue his studies and moved to Chennai to support…

https://youtu.be/k9deLfr4MpE Namita Thapar, executive director of Emcure pharmaceuticals Ltd is a popular business woman in India. The entrepreneur has invested in Rs 10 crore in some startups. First company among these is Bummer, which offers underwear for men and women. Thapar invested Rs 37.5 lakh for 3.75% equity.The second company is Skippi Pops, which claims to offer 100% natural ice pops. Thapar has invested Rs 20 lakh for 3% equity. Menstrupedia creates comics to spread awareness about menstrual health. Thapar invested Rs 50 lakh for 20% equity in this firm. A smart helmet, Altor offers protection and features like Google Assistant, Bluetooth connectivity, and audio…