No of News 86

Ignatius Navil Noronha, CEO of DMart Becomes Billionaire

Ignatius Navil Noronha, the chief executive officer (CEO) of Avenue Supermarts Ltd., which runs DMart retail stores, has witnessed his wealth surge to more than a billion dollars owing to an astonishing jump in the shares of the retail firm of about 113% this year. A fresh record high of ₹5,899 on BSE has been hit by the stock and gained as much as 10.7% in intraday. At 10 am on Oct...

  • Publish Date: October 18, 2021
PM Modi to Launch GatiShakti National Master Plan in the Favour of Infrastructure Development

In October 2021, Narendra Modi, the current Prime Minister of India, came up with a novel initiative of launching­­- the GatiShakti-National Master Plan. The initiative will soon be launched and is aimed at improving the infrastruc...

  • Publish Date: October 14, 2021
India May be the Only Country to Fill Global Supply Gap for Sugar

According to Paulo Roberto de Souza, the Chief Executive of Alvean Sugar SL, the world's largest sugar trader, the global sugar market would experience a grave problem if the India refrains to fill the wide global sugar supply gap from November to March or April. Hence, India may be the only country capable filling this gap amidst the prevalence of adverse drought situation in Brazil, world...

  • Publish Date: October 13, 2021
NASA Set to Launch ‘Lucy Spacecraft' for the Up-Close View of Trojan Asteroids

In October 2021, the National Aeronautics and Space Administration (NASA) proclaimed that it is geared up to launch its newest mission - Lucy spacecraft - to explore an up-close view of Jupiter’s Trojan asteroids and understand more about the initial years of our solar system. At present, the Lucy spacecraft is planned to lift-off on October 16, 2021, a...

  • Publish Date: October 12, 2021
Air India Acquired by Tata for Rs $2.4 Billion

Tata Sons Pvt. emerged as a winning bidder for India’s flag carrier, Air India, which was previously Tata Airlines in 1932; the bid was placed at ₹ 18,000 crore ($2.4 billion) as an enterprise value of the carrier. The airline was established by illustrious industrialist and philanthropist, JRD Tata back in 1932, who was also the first licensed pilot in India. He himself flew ...

  • Publish Date: October 11, 2021
What is the Current Count of Electric Vehicles and Charging Stations in India?

The government is incessantly promoting the manufacture and sale of electric vehicle across the country so that the masses adopt a sustainable vehicle for various transportation purposes under the scheme “Faster Adoption and Manufacturing of Hybrid and Electric Vehicles” or (FAME). This scheme is of paramount importance considering the perilous impact of climate change across the gl...

  • Publish Date: October 7, 2021
IATA Proclaims that Global Airline Industry May Incur Losses Up to $200 Billion During 2020-2022

The International Air Transport Association (IATA) declared that the global airline industry may incur losses up to $200 billion, owing to the disastrous impact of COVID-19 across the globe. IATA’s Director General, Willie Walsh said that the magnitude of coronavirus pandemic on the airlines has been remarkably enormous, adversely affecting the global airline industry. Walsh also adde...

  • Publish Date: October 6, 2021
Micro Fulfillment Centers – an Emerging E-commerce Strategy

Innovative, adaptable, and automated ways to e-fulfillment, both in classic distribution channels and new micro-fulfillment techniques, are being dictated by rapidly changing market conditions. As retailers strive to meet ever-increasing fulfilment needs, their ability to satisfy next- and same-day delivery (or in-store pickup) expectations will be critical to their survival in this hypercompet...

  • Publish Date: October 5, 2021
How Has Alstom Accelerated the Indian Economy Over the Past Few Year?

According to the recent report published by Ernst & Young, Alstom, a French multinational rolling stock manufacturer, indirectly contributed about 438 million euros to the Indian economy in the past five years. Alstom is one of the leading rolling stock manufacturers, operating across the globe in rail transport markets. They are actively involved in the fields of passenger transporta...

  • Publish Date: October 5, 2021
Adani Green Energy Ltd Gains Headway In The Market After Solar Power Plant Agreement With Essel Green Energy Pvt Ltd

Adani Green Energy Ltd (AGEL) is set to acquire a solar project from Essel Green which functions at over 40 megawatt (MW) at a whopping value of Rs 219 crore. This initiative is expected to increase the total operational capacity of AGEL to 5.4 gigawatt (GW) along with an overall portfolio of up to 19.8 GW. Prior to this, in May 2020, AGEL also purchased SB Energy India, a solar power producer,...

  • Publish Date: October 4, 2021
More Fortunes Can be Made From Europe’s Buyout Boom, Say Bankers

The biggest equity firms of Europe have hit a big time on fees over the last few years. Bankers are now are trying to encourage them that this is the perfect time to seize on the desire of public investors to grab a slice. According to the advisers, large number of investment bankers are pitching firms including Ardian SAS and Permira on pursuing an initial public offering and there are...

  • Publish Date: October 1, 2021
WeChat Pay Option to be Soon Available on All Alibaba Applications

Alibaba Group Holding Ltd. added arch rival Tencent Holdings Ltd.’s payment service WeChat Pay to a number of its apps. Thus, Alibaba’s luxury goods app Kaola, e-book app Shuqi, and food delivery app can now accept payments from WeChat Pay which is one of the most extensively used online payment options in China. Other prominent apps of Alibaba like Xianyu, a used-goods marketplace a...

  • Publish Date: September 30, 2021
INDmoney Customers to Get US Stocks as Rewards for Credit Card Spends

Founded in April 2019, INDmoney is a fintech platform that is planning to offer US stocks to its customers as rewards for their credit card spends. To avail this benefit, the customers of INDmoney needs to open a rupee account on the app, which would be maintained with the partner bank of INDmoney in India. Ashish Kashyap, Founder and CEO of INDmoney said that a satisfactory deal with t...

  • Publish Date: September 29, 2021
Five Major Crypto Lending Platforms Ruling the Indian Market

Currently, crypto lending is one of the emerging trends in finance and blockchain sector. It is a fairly innovative concept that lets traders acquire cash by using their crypto holdings as security, without the need to sell their Crypto coins. As the proceeds from investments in stocks are dwindling, mainly owi...

  • Publish Date: November 28, 2021
Tesla Drivers will Now be Able to Request Full Self-Driving Beta Software and Resolve Safety Concerns

In September 2021, Tesla, a leading Electric auto maker, launched a long-anticipated software update that enables customers to request access to its debatable Full Self-Driving Beta (FSD Beta) software through a button named “request” on the dashboard screen of the car. With this update, customers can now request access, but Tesla will first determine th...

  • Publish Date: September 28, 2021
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