Author: News Desk
https://youtu.be/WYLigeYn9fk Decision after consultationFM Nirmala Sitharaman has said the govt will take a decision on “banning or not banning” cryptocurrencies after consultations. Earlier, Sitharaman had announced the proposal of imposing a 30% tax on gains made on crypto tradesAdditionally, a 1% TDS will be applicable on the transfer of such assets over a certain threshold.Legitimise crypto tradersThe crypto industry had welcomed the announcement that it legitimises their trades. However, the 30% tax has nothing to do with the legality of private cryptocurrencies, she said. The government has the sovereign right to tax profit from cryptocurrency transactions, she added.
Digital transformation journeyIBM has acquired Neudesic, a leading US cloud services consultancy specializing primarily in the Microsoft Azure platform, along with bringing skills in multi cloud. This acquisition will significantly expand IBM’s portfolio of hybrid multi cloud services and further advance the company’s hybrid cloud and AI strategy. IBM continues to invest in its hybrid cloud and AI strategy, expanding its cloud services technology, skills and capabilities to meet the growing demand of clients’ hybrid cloud needs. Including Neudesic, IBM has acquired more than 20 companies — 12 in IBM Consulting alone — since Arvind Krishna became CEO in April…
4.5 lakh new jobs India’s IT sector is set to grow at 15.5 per cent “the fastest in over a decade” to USD 227 billion in FY22, as the pandemic pushes up demand for digitisation at companies across the world, Nasscom has said. The revenue growth is much higher than the 2.3 per cent achieved in FY21 in the immediate aftermath of the COVID-19 pandemic, and double that of the pre-pandemic FY20, Debjani Ghosh, the president of Nasscom, told reporters at its strategic review. Global IT spending grew at 9 per cent to USD 1.9 trillion in the period. She…
Aims 1 billion users Digital technology firm InMobi’s social media arm Roposo is in talks with Reliance Retail for a social commerce related business deal which is expected to be rolled out in the next two quarters, a top official said. SoftBank-backed InMobi’s co-founder and CEO Naveen Tewari was quoted as saying by PTI that the company is looking to reach 1 billion users in the next 2-3 years by building various partnerships and expanding its footprint overseas. “We are partnering with Reliance Retail to provide the e-commerce back-end for a new generation front — a commerce experience of influencer-led…
http://v Ford coming backFord Motor Co is considering producing electric vehicles in India for export . Ford is exploring the possibility of turning one of its car plants in India into an export base for EV manufacturing. It has two car plants in India. The move would allow Ford to re-enter India.Eyes domestic EV marketIt is also looking for sales in the domestic market. Moreover, there is a cost-benefit to manufacturing in India. This development comes months after Ford decided to stop selling and manufacturing cars in India. However, the decision came as a setback for the “Make in India” campaign.
https://youtu.be/CfWgoNRN1Dg ‘Moment of truth’Industrialist Ratan Tata went for a ride in the custom-built 72V Nano EV. The Pune-based Electra EV informed this development in a LinkedIn post. The firm called it a ‘moment of truth’.The firm was hoping to gain insights from Tata’s feedback after his car ride. In the photo, Ratan Tata could be seen accompanied by his executive assistant, Shantanu Naidu. Tata Nano EV is a four-seater with a predicted range of up to 160 km . Tata Motors EV is powered by super polymer lithium-ion batteries
Strengthen Cult.fit’s network Health and wellness platform Cult.fit has picked up a majority stake in F2 Fun & Fitness India Pvt Ltd for an undisclosed sum and subsequently became the master franchise partner for Gold’s Gym in India. Currently, F2 Fun & Fitness India is the master franchise partner for Gold’s Gym in India. Cult.fit will invest in scaling revenue of existing Gold’s Gym centres through “top-of-the-line marketing endeavors”, and facilitating centre expansion via franchisees in coming years, the company said in a statement. Through the partnership, the company will also enable all the Gold’s Gym centres with its centre-tech…
Applicable for all mobile phones Flipkart has introduced its new ‘Sell Back Programme’ that offers customers a platform to sell their used mobile phones. Through this programme, customers can sell their used mobile phones while receiving a buy-back value in the form of a Flipkart Electronic Gift Voucher. The programme will be applicable for all mobile phones. No matter if it is purchased on Flipkart or not, and will be rolled out to additional categories later this year. The programme is live across 1,700 pin codes and in cities such as Delhi, Kolkata and Patna. This is done as Flipkart aims to…
https://youtu.be/pOyOgvZuMp0 High-profile summit The ‘Huddle Global’ Meet, one of the largest start-up conferences in Asia, provides an opportunity for startups to showcase their products and interact with leading figures in the technology sector. Techies and industry leaders will discuss ways forward for startups around the world after Pandemic. Huddle meet will take the initiative to ensure financial and technical support for startups to accelerate their growth. Huddle Global, organized by Kerala Start-up Mission, will be inaugurated on February 19 by Chief Minister Pinarayi Vijayan. Industry and Law Minister P Rajeev will preside over the function. Huddle Global, India’s largest networking…
https://youtu.be/4Qe_n6hu_zA New CEO and MDTata Sons has appointed Ilker Ayci as the MD and CEO of Air India. Ayci was the Chairman of Turkish Airlines. He will assume his responsibilities on or before April 1, 2022, Tata Sons said.”I am delighted and honoured to accept the privilege of leading an iconic airline and to join the Tata Group,” Ayci saidAir India is the third airline brand in the Tata Group’s stable. It holds a majority interest in AirAsia India and Vistara, a joint venture with Singapore Airlines.