Author: News Desk

https://youtu.be/saZofRuESlQ India, which is entering the trillion dollar valuation in digital economy is becoming one of the best IT hubs in the world. These IT companies are offering better job oppurtunities to thousands of people and are providing with new work culture. Marlabs is a part of India’s IT legacy. India, an IT hub These days, India is becoming a favourite hub for multinational companies due to the availability of good talents and eminent software engineers. The New Jersey-headquartered Marlabs is expanding its operations in Indian cities by hiring more tech engineers. Marlabs is a software company providing digital solutions,…

https://youtu.be/BJyQ_kkyUL4 Reliance Retail has acquired ‘Amante’ umbrella brand, a subsidiary of MAS Holdings. The ‘Amante business’ was established by Sri Lanka-based firm MAS in 2007.100 percent stakeAmante is engaged in retail and wholesale distribution of premium lingerie under several brands. They include ‘Amante’, ‘Ultimo’ and ‘Every day by Amante’.Reliance Retail has acquired a 100 per cent stake of the ‘Amante’ brandQuality guaranteedThe partnership and collaboration will give Indian customers world-class product quality and greater choices in this segment. The acquisition by Reliance ensured that ‘amante’ would benefit from Reliance’s scale and retail expertise.Reliance Retail had acquired a 52% stake in Ritika…

https://youtu.be/sBis_EtVXfE Maruti Suzuki has dismissed suggestions that indicate small cars are on their way out.The company said that affordable hatchbacks would grow strongly. SUVs capturing over 50% of the market won’t be a threat to hatchbacks.Kenichi Ayukawa, CEO of Maruti Suzuki, downplayed concerns about small cars.He blamed shortages in the supply of components, such as semiconductors, for the fall in sales.Ayukawa said Maruti is working on a series of new cars, including SUVs.

https://youtu.be/VuMKJyyWk_k Gautam Adani’s company will invest $70bn over the next decade.This will make it the world’s largest renewable energy company. The company will subsequently produce the cheapest hydrogen on Earth.Adani Green Energy is targeting 45 gigawatts of renewable energy capacity by 2030. It will invest $20 billion to develop a 2 GW per year solar manufacturing capacity by 2022-23.Adani Transmission Ltd is looking to increase the share of renewable power procurement.The group is working to make renewable a viable, affordable alternative to fossil fuels.Adani Group already is the world’s largest solar power developer. 

https://youtu.be/3l7M7-i1cyYThe auction for the 5G spectrum is likely to take place around April-May next yearThis was informed by Communications Minister Ashwini Vaishnaw”Telecom regulatory structure should change in two to three years,” Vaishnaw saidHe said India’s telecom sector regulation has to be benchmarked with the global bestTRAI, which looks at the structure of auctions, is undergoing consultations on 5G auctions”I think they will submit their report by February-mid,” he saidDoT was earlier hopeful of holding 5G auctions by the end of the current fiscal.

https://www.youtube.com/watch?v=XHOmBV4js_EA Hong Kong apartment has been sold for $82.2 mn or Rs 610 croreIt has become Asia’s most expensive deal.It is the most expensive in terms of price per square foot, which is Rs 13.43 lakh.The apartment is located in one of Hong Kong’s iconic Mount Nicholson project.The apartment is 4,544 square feet in size and has three parking slots.Hong Kong’s luxury residential real estate is one of the world’s costliest. The buyer of Asia’s most expensive apartment has not been disclosed.

https://youtu.be/i8oSMtwvdpg The government is looking to take a softer stance on cryptocurrencies. More crypto firms are coming in and there is growing adoption of blockchain technology. Govt will host its first-ever ‘official’ meeting with the top stakeholders in the country next week. The Parliamentary Standing Committee on Finance will hold a meeting on November 15. It is to get answers to many questions. The government will check the crypto industry’s potential to India’s digital ambition. It will also check the crypto economy and its impact on the Indian rupee.

https://youtu.be/KkhqjCqbD1ERBI governor Shaktikanta Das has sounded alarmed about cryptocurrencies.He has cautioned investors on the potential pitfalls of the digital currency.It is a concern from a macroeconomic and financial stability point of view, Das said.There is a craze for cryptocurrency in India after SC favoured it.The centre has not yet enacted a law on cryptocurrencies. The government has held consultations with experts.It might largely want to set severe limits on the trading of cryptocurrencies in India.

https://youtu.be/jvIy3njBjRQHealth and wellness startup Curefit is the 36th startup to enter the unicorn club. The startup raised $50 million in cash from food delivery app Zomato. The total deal size is $100 million. Curefit breached this mark with the latest round. It is now valued at $1.5 billion. Curefit is a holistic health and wellness platform.  It offers fitness centres, online fitness classes, doctors consultations, therapy sessions etc. 

https://youtu.be/iVupCTAATckThe Indian IT services market grew 7.3% in the first half of 2021, according to the IDC report. The IT and business services market will witness an increased momentum, it said. This is due to increased spending in areas like cloud, security, and AI. The IT and business services market is projected to reach $19.93 bn by 2025. The Indian IT and business services market was valued at $6.96 billion. IDC classifies the IT and business services market into three primary markets. They are project-oriented, managed services, and support services.