Author: News Desk
Ola’s Chief Executive Officer (CEO) Bhavish Aggarwal denied reports of a merger with the company’s key competitor Uber.Uber too denied the report.
Ola is firing close to 1,000 employees as it ramps up hiring for its electric mobility business. Ola refers to this as a ‘reshuffling’ process rather than a ‘cost-cutting’ measure. Those targeted for layoffs have been asked to resign voluntarily. According to sources Ola Electric was hiring four people for every person. Ola Electric is planning to recruit about 800 people for electric cars and additionally for cell development.
McDonald’s has raised the price of cheeseburger for the first time in more than 14 years. Due to growing cost pressures. The cheeseburger’s price will now rise to 1.19 pounds from 99 pence. McDonald’s will also increase prices by 10p-20p for other items that have been hit by rising costs. McDonald’s UK and Ireland chief executive Alistair Macrow said the company was facing “tough choices” about its prices.
Cochin Shipyard delivered ‘Vikrant’ to the Indian Navy. Vikrant is an indigenously built aircraft carrier. It was designed by the Indian Navy. Manufacturing happened at Cochin Shipyard Limited. This has raised India’s status globally. The aircraft is a perfect example of the Atma Nirbhar Bharat initiative. It was built at an overall cost of about Rs 20,000 crore. Its keel was laid in February 2009. The project progressed in three phases. Vikrant will likely be commissioned on August 15.
These are the top 10 richest women in India as per the Kotak-Hurun list Roshni Nadar Malhotra, Chairperson of HCL Technologies; Wealth: Rs 84,330 crFalguni Nayar, founder and CEO, Nykaa; Wealth: Rs 57,520 crKiran Mazumdar Shaw, founder, Biocon; Wealth: Rs 29,030 crNilima Motaparti, director, Divi’s Laboratories; Wealth: Rs 28,180 crRadha Vembu, co-founder, Zoho; Wealth: Rs 26,260 crLeena Gandhi Tewari, chairperson, USV; Wealth: Rs 24,280 crAnu Aga and Meher Pudumjee, director, Thermax; Wealth: Rs 14,530 crNeha Narkhede, co-founder, CTO and CPO, Confluent; Wealth: Rs 13,380 crVandana Lal, director, Dr Lal PathLabs; Wealth: Rs 6,810 crRenu Munjal, MD, Hero Fincorp; Wealth: Rs…
India’s first global gold exchange comes to Gujarat. Prime Minister Narendra Modi inaugurated the India International Bullion Exchange (IIBX). This is based at the Gujarat International Finance Tec-City (GIFTEC). What is IIBX? Here is what you need to know. Bullion is physical gold or silver of high purity which is often kept in the form of bars or coins. It is mostly held as reserves by central banks or institutional investors. The bullion exchange will be operated by the India International Bullion Holding IFSC (International Financial Services Centre) Limited (IIBH), a joint collaboration involving the Central Depository Services Limited, National…
Volvo Car India launches its first electric SUV in India. Volvo XC40 Recharge electric SUV has priced at Rs 55.90 lakh (ex-showroom). It is assembled at Volvo’s Hosakote plant near Bengaluru. It is the first luxury EV to be assembled in India. XC40 will be available with a twin motor powertrain. It will have a 78kWH battery pack that supports 150kW fast charging. 10 to 80 per cent can be charged in just 33 minutes. Its central infotainment system is now Android-based Panoramic sunroof, wireless phone charging, and autonomous driving are a few other features.
HCL Technologies Chairperson, Roshni Nadar Malhotra has topped the list of richest women in India. Roshni Nadar retained her position as the richest woman for the second consecutive year with a net worth of Rs 83,330 crore. 54% Increase in Roshni Malhotra’s Net Worth in 2021. Nykaa’s Falguni Nayar beat Biocon promoter Kiran Mazumdar Shaw to the second position. Falguni became India’s richest self-made woman with assets worth Rs 57,520 crore. Kiran Mazumdar saw a 21 per cent decline in wealth, becoming the country’s third richest woman with a fortune of Rs 29,030 crore. According to the report, 25 new…
Maharashtra state administration has begun issuing blockchain “caste certificates” . It is to up to 65,000 tribal members in a remote area of Maharashtra. It aims to stop fraudulent claims on government benefits for the tribal population. The certificates are powered by blockchain through a paper representation with a verifiable QR code. It is done by a three-man government team through a private blockchain-platform Legit Doc. Shubham Gupta IAS came up with this idea.
Bypassing rockets has demonstrated how a satellite can be launched through a drone. Bypassing rockets is a Bengaluru-based aerospace startup. Lakshya Space, recently conducted and showcased the drone launch of a satellite, VAYU-A Sat1. It was one of the country’s first such efforts on a small scale. The drone launch method could also find applications in futuristic communication technology. Lakshya Space used drones to launch satellites to a lower altitude and study the atmosphere and landscape more clearly and with better accuracy.