Author: News Desk
The Indian Railways has launched ‘Rail Madad’ An integrated one-stop solution for customer grievance, enquiry, suggestion and assistance It offers passengers multiple choices for access such as web, App, SMS, social media and Helpline number (139) The aim is quick resolution of complaints Helpline number 139 can be used for all sorts of enquiries and complaints The facility is available round-the-clock in 12 languages
An unforgettable moment in life – This was what British billionaire Richard Branson had to say when he returned to earth from space. Branson boarded Virgin Galactic spacecraft VSS Unity which lifted off from New Mexico on Sunday night. At an altitude of about 90 kilometers above Earth, he saw the sky turning black and earth’s horizon curving away into the distance.According to Branson, it was a journey to the edge of space.The journey lasted about 1 hour from take off. Before returning to earth, Branson and his teammates saw the beautiful shape of the planet. For some time, they…
The world’s richest man Jeff Bezos and his three fellow travellers hit the space through Bezos’ Blue Origin’s first manned mission on Tuesday. Blue Origins is Bezos’ space company. The success also marked the beginning of the much-anticipated space tourism for elite tourists. “Happy, happy, happy! A very happy group of people in this capsule! Best day ever,” Jeff Bezos said after a touchdown in the West Texas desert. The four-member team came out of the capsule to the hugs of family and friends. Up in space, the New Shepherd capsule, which reached an altitude of 107 km, gave the…
One has to be very careful with financial management during challenging times like this. Corona and lockdown have taught both commoners and entrepreneurs some valuable lessons. In the latest edition of Channeliam.com’s Discover and Recover, Vivek Krishna Govind, Senior Partner at Varma and Varma Chartered Accountants, talks about points to remember while controlling expenses. The 5 areas which enterprises including MSMEs should focus on: 1) Cash flow and working capital management 2) Control over cost and expenditure 3) Fund diversion 4) Budgeting system 5) Proper financial reporting, internal controls and MIS Cash flow and working capital management The profit growth…
Coronavirus has brought everything to a standstill. It hasn’t differentiated between the rich and poor. “This is the time of uncertainty when no one has an idea what is in store,” says Anil Joshi, Managing Partner, Unicorn India Ventures. Uncertainty brings the best out of individuals. It also provides an opportunity to come out with innovative ideas. “I believe, during this uncertain time, Indian startups will also benefit. While they’ve been facing quite a tough time not only from the perspective of loss of business, rising expenses, keeping team intact, the time also offers an opportunity to be innovative and…
This pandemic is unlike anything we have seen or experienced. People might say that there have been slowdowns in the past – in 2016, 2008 and 2002 and go back a little further. “But, please understand that this kind of total lockdown and the profound impact it has on business at all levels have never been seen before, as it’s being discovered by countries across the world. So, don’t live in denial,” cautions C. Balagopal, mentor, entrepreneur and investor. “The damage to supply chains is deep and brutal and will take a long time to repair. This may extend to…
The world is curious about what will happen after the lockdown, especially in the business sector. This era might even be divided into two: pre-corona and post-corona. The current situation has taught people the importance of modern technology in business. “The present scenario also reminds us to maintain discipline in handling finance,” says Mathew Joseph, CEO of Fresh to Home. Because there will be some fixed expense even if a company stays closed and that needs to be managed. Some would even have spent the working capital to meet the expense. The lockdown reminds to handle the working capital carefully. It is very likely that a ‘Reserve Fund”…
Vedanta is planning to invest $20 bn, said group chairman Anil Agarwal It will be done probably during the privatisation of BPCL, Shipping Corporation, and Hindustan Copper The group has floated a fund for $10 billion Agarwal welcomed the recent privatisation move He said, at today’s market price, the government could get $1 trillion for its assets He said the government should privatise 20% of its assets The remaining should be corporatised with no shareholder owning more than 10%
Ola Electric has raised over $200 mn in funding recently Raised the money from Falcon Edge, SoftBank Group and others Ola Electric is now valued at $3 bn The funding will strengthen Ola’s ‘Mission Electric’ It will let the entity enter more EV platforms like electric cars Meanwhile, Ola IPO is likely to be launched in early 2022
Reliance Industries Ltd is in talks to buy a stake in Glance InMobi Pte Glance InMobi is an Indian mobile content provider backed by Google The conglomerate is considering investing about $300 million The transaction could be completed in the next few weeks Glance InMobi pushes curated news and entertainment content onto phone lock screens It also runs a short-video app The deal would give Reliance access to valuable lock-screen real estate Reliance is co-developing an affordable mobile phone model with Google The deal would also give Reliance access to the emerging short-video market