Author: News Desk

Azim Premji and Shiv Nadar lose $20 billion of their personal wealth This is due to the meltdown in IT companies around the world Azim Premji’s wealth declined by over $12 billion Wipro’s shares have also dipped by over a third Shiv Nadar lost about $7 billion since the beginning of the year HCL Technologies’ market capitalisation declined by over 21% Other Indian tech giants TCS and Infosys have also suffered TCS lost 10% of its value while Infosys lost 20% Analysts predict the trend to go on in FY23

The two-day Rural-Agritech Hackathon held in Kasaragod introduced startups that came up with solutions for the development of rural areas. The event revolved around the theme ‘how to use technology for the development of rural India.’ Team CODERS from Christ College of Engineering, Thrissur, became the winners of the Hackathon. The team developed a platform that can effectively provide information at tourist centres to visitors. The winners received a cash prize of Rs 50,000. The team also became eligible to apply for Kerala Startup Mission’s grant of Rs 12 lakhs. More than 15 teams participated in the Rural-Agritech Hackathon. The…

Prime Minister Narendra Modi has asked various government departments and Ministries to undertake the recruitment of 10 lakh people on a “mission mode” in the next year-and-a-half The direction from Modi came following a review of the status of human resources in all government departments and ministries The decision comes amid opposition’s frequent criticism of unemployment The unemployment rate in India rose to 7.83% in April from 7.60% in March

Maharashtra to launch ‘Maharashtra Innovation and Technological Development Fund’ It will be a Rs 200-cr fund for early-stage startups The fund will be spent on deep tech startups The special focus will be on women-led startups The state already has arrangements to make equity investments in startups One of them is the Rs 120-crore Maharashtra Social Venture Fund Another one is the Rs 330-crore Maharashtra State Defence and Aerospace Fund

E-commerce startup Meesho records 5.35 mn orders in a one-day sale The record sale occurred despite rising inflation and macroeconomic conditions About 1 lakh sellers took part in the event About 75% of sellers were from tier -2 and beyond regions Over 26,000 new sellers participated in the sale event The sale registered a five-fold jump on a year-on-year basis Last year, Meesho had registered 1 million orders in the one-day sale

Ambika Pillai, born in Thiruvananthapuram, raised in Kollam, has become India’s top celebrity stylist in Delhi. Ambika Pillai married at the age of 17 and gave birth to her daughter, Kavitha, at the age of 22. After separating from her husband when she was 24, she enrolled in a hairstyling class to survive on her own. Ambika Pillai began her career as a beauty-hairstylist with a salary of Rs 2,000 and rose to become a well-known celebrity hair stylist in India. Ambika Pillai, who based herself in Delhi without knowing the language, was defrauded of money by individuals in business.…

Azim Premji and Shiv Nadar lose $20 billion of their personal wealthThis is due to the meltdown in IT companies around the worldAzim Premji’s wealth declined by over $12 billionWipro’s shares have also dipped by over a thirdShiv Nadar lost about $7 billion since the beginning of the yearHCL Technologies’ market capitalisation declined by over 21%Other Indian tech giants TCS and Infosys have also sufferedTCS lost 10% of its value while Infosys lost 20%Analysts predict the trend to go on in FY23

Volkswagen AG is looking to sell its first electric car, the ID.4 sports utility vehicle, in India The German carmaker will begin testing the ID.4 around September for its technical capabilities Volkswagen will bring its global electric portfolio into the country within that limit to test the market Volkswagen is expecting to start local assembly of its electric cars in India around 2025 or 2027 The carmaker will consider making its own batteries — the costliest component of an EV — locally in India

The ultra luxury Sir M Visvesvaraya Railway Terminal in Karnataka’s capital city Bengaluru was made operational on Monday, 6 June It started with Ernakulam Tri-Weekly Express The air-conditioned SMV Railway Terminal is a ₹314 crore project It has solar rooftop panels and rainwater harvesting mechanism And is equipped with state-of-the-art facilities and claims to have an airport-like aura The station will have an upper-class waiting hall, a VIP lounge with a digital real-time passenger information system, and a lavish food court

Online cosmetics retailer Purplle raised capital at a $1.1 billion valuation It raised $33 million in latest Series E funding along with existing investors Premji Invest, Blume Ventures, and Kedaara Backed by Goldman Sachs Group Inc., Purplle is a prominent rival of Nykaa Purplle will use the new capital to step up investments in technology, develop its private labels and strengthen its product Purplle was set up in 2012 by Taneja, Rahul Dash and Suyash Katyayani, three engineers from the Indian Institute of Technology