Author: News Desk

https://youtu.be/xF56p9CUs5gThe Central Government is aiming to complete the privatisation of five to six state-owned firms. One of them is Bharat Petroleum Corporation Limited. The BPCL divestment is in the due diligence stage. Huge returnsThe sale of the BPCL would fetch about $13 bn for the exchequer and other shareholders. The Centre aims to close the privatisation of BEML and Shipping Corp of India .It also plans to list state-owned Life Insurance Corp on local bourses. Meanwhile, the government is targeting December for handing over Air India to Tata Group. 

https://youtu.be/Ho1eV6RNs04 The MSME Ministry is on a mission. It will study the COVID impact and assess MSMEs that closed in the past five yearsMission MSMEIt has invited bids from government organisations, institutions, and enterprises for the same. The bid submission date is from November 13 till December 6. However, one of the limitations the government faces is the lack of accurate dataSupport closed MSMEsOrganisations under the Ministry of MSME would be eligible for organising the study. The chosen organisation would have to identify the number of closed MSMEs in the last five years

https://youtu.be/jF2jir1emPg Akasa Air has placed an order for 72 Boeing 737 MAX jets, valued at nearly $9 billion. The order comes after the air safety regulator allowed the country’s airlines to fly the MAX jet. Akasa Air may fly next year Akasa Air received initial clearance to start operations in October. It is expected to begin flying next year Boeing’s two variants The order by Akasa includes two variants – the 737-8 and the high-capacity 737-8-200. Boeing dominates India’s wide-body market of 51 planes. Boeing’s share of India’s 570 narrow-body planes fell to 18% from 35% after Jet’s collapse in…

https://youtu.be/GSMiyudiutc Ola Electric has started test rides of its scooters and will start delivery this month. Varun Dubey, CMO, said the testing software will get upgraded before it reaches customers. After buying this vehicle, one can live with it for the next several years, he said. Hybrid modelThe company’s steady-state solution will be home test rides. But, since there is huge demand, they will start with a hybrid model. In cities with large populations, they will conduct test campsHuge plansOla will have a full range of scooters, bikes and other two-wheelers as well as four-wheelers. Besides, Ola will roll out of the…

https://youtu.be/oj3phyP1k-4 Record FDIIndia has attracted “record” foreign direct investments in the last seven years. This trend is expected to continue in the coming years. This was informed by Commerce and Industry Minister Piyush Goyal.India, a manufacturing hubGoyal said that India is focusing on integrating its quality standards with the world. FDI inflows rose 62% to $27 billion during the April-July period of the current fiscal. Goyal also appealed to MNCs to use India as a manufacturing base.

https://youtu.be/1e9Hjg6BsBw JPMorgan Chase & Co has sued Tesla Inc for $162.2 million. Tesla is accused of “flagrantly” breaching a contract related to stock warrants.Legal battleTesla sold the warrants to reduce potential stock dilution from a separate convertible bond sale and to lower its federal income taxesJPMorgan said it had been contractually entitled to adjust the warrants’ terms. This is after “significant corporate transactions involving Tesla”. “We have provided Tesla multiple opportunities to fulfill its contractual obligations, so it is unfortunate that they have forced this issue into litigation,” a spokesperson for JPMorgan said in a statement.

https://youtu.be/-8UsPilirHY Intel’s feteWorld’s first commercial microprocessor has marked its 50th anniversary. ‘4004’ processor developed by Intel paved the path for modern microprocessor computing. The “brains” that make possible every modern technology from the cloud to the edge, Intel said Cutting edge technologyThe success of 4004 proved that it was possible to build complex integrated circuits. And, fit them on a chip the size of a fingernail. The latest 12th Gen Intel Core processors will usher in a new era of computing. The performance hybrid architecture of this new family represents an architectural shift.

https://youtu.be/7UNOHQjwsEw Digital payments have taken off in a big way in India over the last five years, an SBI report said. The country needs regulatory infrastructure to support the digital revolution. UPI a favouriteAs many as 3.5 billion transactions worth Rs 6.3 trillion were recorded through UPI in October. The UPI transactions have jumped 69 times since 2017, the report said. At the same time, debit card transactions have got stagnatedNew technologies will emergeThe future will evolve increasingly towards the use of data through Artificial Intelligence. Efforts to formalise the economy are bearing major fruits in terms of currency to GDP ratio,…

https://youtu.be/hH7YgEK_Btk Crypto meetA Parliamentary Standing Committee has held a meeting with experts on cryptocurrency. This is the first meeting to be convened by the Parliamentary Standing Committee to discuss cryptocurrency.New inputs gatheredThere was a consensus that cryptocurrency can’t be stopped but must be regulated. This had generated a lot of interest and concerns in various quarters. The panel will also gather inputs from academicians of IIM Ahmedabad.Prime Minister Narendra Modi led the review meeting on the digital currency. The government will continue to proactively engage with experts on the evolving technology

https://youtu.be/ChknCuAHtzM Startups in Kerala are energetic and dynamic. I wish more startups are successful. More focus should be placed on how we can help them towards this goal, Minister of State for Electronics and IT, Skill Development and Entrepreneurship Rajeev Chandrasekhar told Channeliam.com founder Nisha Krishnan in an interview. The Union Minister was on a three day visit to Kerala. How do you see the start-ups in Kerala?My aim during this visit was to create awareness of the growing opportunity for the startup ecosystem and technology startups. I am very impressed with what I have seen. The energy of the Kerala startups…