Author: News Desk
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.
https://youtu.be/LEFM42Mdwvk Facebook’s parent company Meta will remove sensitive ads beginning on January 19, 2022. Ads related to health, race or ethnicity, political affiliation, religion, sexual orientation will be removed. Advertisers can now target people who have expressed interest in issues, public figures. Meta has been under intense scrutiny from regulators and the public. Meta Platforms Inc. said that the decision was “not easy”. This change may negatively impact some businesses and organizations. The move marks a key shift in the company’s approach to social and political advertising.
https://youtu.be/oJmlsCOeKU4Maruti Suzuki has launched the Celerio 2021 in the entry segment hatchback.It starts at Rs 4.99 lakh (ex-showroom) up to Rs 6.94 lakh (ex-showroom).Celerio 2021 comes with a new 7-inches touchscreen console push button.It has an auto engine start/stop, and multi-function steering wheel to target young buyers. Maruti Suzuki Celerio 2021 will be available in ‘Fire Red’ and ‘Speedy Blue’ colours. The fuel-efficient car, Celerio 2021, offers 26.68 km per litre, claims Maruti Suzuki.The existing models of Celerio will be phased out after the 2021 launch.Celerio has been a top-selling car model since its inception in 2014.
https://youtu.be/rBs8q3fgEAANykaa’s Falguni Nayar is now India’s richest self-made woman billionaire.She became one of the world’s wealthiest persons following Nykaa’s recent IPO.Nykaa made its debut at Dalal Street on November 10.Nykaa is India’s first unicorn startup headed by a woman. Nayar, who owns almost half of Nykaa’s shares, now has $6.5 billion. The shares of her company surged to 89% as they started trading. Nykaa sells more than 300 domestic and international brands.Nykaa IPO was open for subscription from October 28 toNovember.