Author: News Desk

Mukesh Ambani resigned as the director of Reliance Jio effective June 27, and appointed Akash Ambani as the chairman of the board. Akash Ambani is the eldest son of Mukesh Ambani and Nita Ambani. He graduated from Brown University with a major in Economics in 2014. Akash Ambani has been working with the telecom unit of Reliance Industries since its launch in late 2016. He started as a Director of Reliance Jio .Akash has been closely involved with the creation of the digital ecosystem around Jio’s 4G proposition. Akash had personally led the key acquisitions made by Jio in the…

Intel is expanding its design and engineering footprint in India. Intel India unveiled a centre with 453,000 square feet spread over two towers. It can accommodate 2,000 employees. It will help advance cutting-edge design and engineering work in clients, data centres, graphics, artificial intelligence, automotive segments and IoT. One floor of 70,000 square feet is dedicated to high-tech R&D labs for silicon design and validation purposes. The facility sports a host of employee amenities such as over 50 video-enabled conference rooms, phone booths, collaboration spaces, breakout zones, and lounge areas.

Prime Minister Narendra Modi has returned from a visit to Germany and the United Arab Emirates.UAE President Sheikh Mohammed bin Zayed Al Nahyan bids farewell to Narendra Modi at the airport.During his visit to the UAE, the Prime Minister expressed his condolences on the death of former President Sheikh Khalifa bin Zayed Al Nahyan. The Prime Minister tweeted that he was a great statesman and a visionary leader who contributed to the development of India-UAE relations.This was Narendra Modi’s first meeting with the new UAE President Sheikh Mohammed bin Zayed Al Nahyan.The foreign ministry said there were no other public…

Food delivery platform Zomato to acquire Blinkit. Blinkit is an instant grocery startup. The all-stock deal is for Rs 4,447 crore. A move by Zomato to exploit the quick grocery delivery market. Zomato will issue up to 629 million shares. This will be on a fully-diluted basis Each share will be priced at Rs 70.76. The shares are subject to a 12-month lock-in. Zomato also acquired HOTPL for $8 million. HOTPL is Blinkit’s warehousing and ancillary services business.

Indian economy may touch $30 Tn in 30 years. Said Commerce and Industry Minister Piyush Goyal. It’s possible if India grows by 8% every year on CAGR. India is a fast-growing economy, he said. It is growing at a healthy pace even in challenging times. It has managed to maintain inflation at a reasonable level.

Adani to venture into the copper manufacturing business Raised Rs 6,071 cr loan from SBI and other PSU banks. The one-million-ton per annum copper plan will be in Gujarat. The plant will be established in two phases. It will be one of the world’s largest copper refinery complexes Production will begin in two years. The plant will be set up by Kutch Copper Ltd (KCL). KCL is a subsidiary of Adani Enterprises. KCL’s rivals are Hindalco and Hindustan Copper.

Google Nest Cam, Google’s home security system has arrived in India. Google Nest Cam is powered by smart home features that can be recharged .Nest Aware and Nest Aware Premium are available for Rs 3,000 and Rs 5,000 respectively .Google Nest Cam is a security camera that can be installed indoors or outdoors in any weather. The camera supports motion sensors and warns of intruders. It Offers a variety of features, such as alerts for animals / vehicles / individuals, and two-way communication via a built-in microphone and speaker. The Google Nest Cam can be purchased from Tata Play’s official…

Russia discusses opening Indian supermarkets chains in Russia. Said Russian President Vladimir Putin at the BRICS summit. He spoke for the first time at BRICS after invading Ukraine Russia also discusses increasing Chinese cars on the Russian market .Added Putin in the virtual meeting Russia wants to reroute its trade and oil exports toward BRICS countries. It is due to the Western sanctions over Ukraine China hosts the 14th BRICS summit. BRICS countries comprise Brazil, Russia, India, China and South Africa.

A Tata Nexon EV caught fire in a suburb of Mumbai.The cause of the fire is currently unknown, and there were no injuries caused in the incident. Tata has already begun an investigation into the fire and will reveal the findings. The company said this was the first instance of an electric vehicle (EV) made by it going up in flame.s Tata Motors has sold more than 30,000 EVs so far. It cumulatively covered over 100 million kilometers across the country over the past four years.

India introduces Bharat NCAP programme. In a bid to boost road safety in India. Automobiles will be given ‘star ratings’ .The ratings will be from 1 to 5 .It will be based on the performance in crash tests .Bharat NCAP will follow globally accepted crash-test protocols. The programme will begin on April 1, 2023 Bharat NCAP will let buyers take an informed decision.