Author: News Desk

https://youtu.be/1PR1_R6yp_g Ingka Centres has announced an IKEA-anchored mixed-use project in Gurugram. This will be IKEA’s first mall in india. Employment opportunities The firm will invest Rs 3,500 crore on the project. The construction of the mall will start in early 2022. The company expects the project to generate more than 2,500 jobs. This may fuel further growth of organised retail in India, it said. Ingka Group owns IKEA Retail and Ingka Investments Great expectations The new “meeting place” will be developed under the Livat brand. It will be a mix of hospitality, F&B, and edutainment space Peter Betzel, CEO and…

https://youtu.be/2iRYtBSC2do Meesho is finalising a financing round of nearly $1 billion. This may take its valuation to around $8 billion.Leading in social commerce spaceThe fundraising comes after the firm’s valuation doubled to $4.9 billion in September. Investors led by US asset manager Fidelity had pumped in $570 million then. In April, Meesho was valued at $2.1 billion after raising $300 million.The new round may get finalised in January. The company has doubled its numbers since its last funding round. Meesho has become a leading player in the social commerce space.

https://youtu.be/4AMgCXs8A6g Maruti Suzuki has started a vehicle scrapping and recycling facility in Noida. The facility, Maruti Suzuki Toyotsu India (MSTI), is in partnership with Japan’s Toyota Tsusho Group.Huge capacityThe facility is built with an investment of Rs 44 crore. It has an annual capacity of 24,000 end-of-life vehicles  (ELV). This is a step towards a circular economy aiming to promote organised, transparent, and environment-friendly dismantling of ELVs.The equipment used at the facility is made in India. The facility follows globally-approved quality and environment standards. They include complete solid and liquid waste management, ensuring zero discharge of liquid and gases from ELVs.National…

https://youtu.be/iTRHfS0n4EU Truecaller has achieved 300 million monthly active users.Until last year, the app had 250 Million users.India, largest marketOver 50 million new users have adopted Truecaller globally since October 2020. India is the largest market for the app with over 220 million active users. It has released new features such as Smart SMS, Inbox Cleaner, Full-Screen Caller ID etc.Truecaller was released 11 years ago. The app is now available across the world in multiple languages.

https://youtu.be/1kXwDPy0qIs The 10th edition of TiEcon Kerala, state’s biggest entrepreneur meet, will be held on November 25, 26, 27. TiEcon will be inaugurated on 25th by Industries Minister P. Rajeev at Kochi Marriott, Edappally. The Valedictory session will be addressed by TN Finance Minister P.T.R. Palanivel Thiaga Rajan on 27th. Guidance for entrepreneurs The programme aims to guide entrepreneurs, startup founders, future entrepreneurs, and professionals. 40 orators around the globe will speak in the event held physically and virtually. Mentoring Master Classes, Startup Showcases, Curated Networking are the highlights of the event. Good participation Over 40 major investors and fund…

https://youtu.be/tipUCihPQak Redmi India has joined hands with Reliance Jio to conduct 5G trials. This will be done for its upcoming Redmi Note 11T 5G smartphone.Redmi-Jio 5G trialsTo verify the device performance, Redmi and Jio conducted a 5G standalone lab trial. They also tested the device through various scenarios. This will ensure enhanced 5G end-user experiences Feature-packed smartphones”Our  trial with Jio is an indication of the development of the 5G ecosystem. We are delighted to partner with Reliance Jio,” Xiaomi India said.”As the 5G era arrives, we are working relentlessly towards bringing feature-packed smartphones that can enhance the overall user experience,” Xiaomi India…

https://youtu.be/RMLDXIGLigo The government has chosen nine expressways to install 6,000 charging stations. Of this, about 3,000 will be installed soon, said Union Minister Mahendra Nath Pandey. According to the minister, the main concern when it comes to Electric vehicles. Locally made batteries About 30% of the cost of the EV is the cost of the battery itself. This can be reduced if it is locally produced, the minister said.Challenges aheadThe sale of EVs in India has increased drastically in the last few months. There are various challenges that we have to counter, the minister said. They include the price and the charging infrastructure…

https://youtu.be/jnRI2Pb9Yj4 Cryptocurrency-fuelled ransomware constitutes 79% of the global cybersecurity incidents. Conti and REvil led the attacks, a new report said. Better regulationsCryptocurrency will fuel cybercrimes like ransomware and malicious cryptomining. The trend will continue until global crypto currencies are better regulated, according to researchers from global cyber security firm Sophos.Cyberattack via RaaS groupsA recent high-profile ransomware attack involved ransomware-as-a-service. It included an attack against Colonial Pipeline in the US by a ‘DarkSide’ affiliate. The Conti RaaS group has been one of the most prolific in the industry. It was originally observed in 2020. A recent insider leak identified a manual for Conti…

https://youtu.be/dcXJ_rk8tf8 India has become the third-largest domestic aviation market in the world. Civil Aviation Minister Jyotiraditya Scindia said at ‘The ‘Wings India 2022’ event.Third-largest domestic trafficThe Civil aviation minister said India now handles the third-largest domestic traffic after the US and China. Scindia said air transport plays an important role in the country’s economic growth.Surge in goods carriedThe freight handled by airports during the first two quarters of FY22 has recovered well. It recovered to over 80% despite the country being hit by Covid wave in the first quarter.

https://youtu.be/vbu5ndN4ANs El Salvador will build an oceanside Bitcoin City at the base of a volcano. The Bitcoin City would be circular with an airport, residential and commercial areas.Taxfree It will also feature a central plaza designed to look like a Bitcoin symbol in the aerial view. President Nayib Bukele said the city would get geothermal power from the volcano. No taxes will be levied except VAT in the city planned in the eastern region of La Union.Make use of VATHalf of the VAT levied would be used to fund the bonds issued to build the city and the other half would pay…