Category: Latest News
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Netflix’s Struggles and Revival: A Journey of Adaptation and Innovation
When the COVID-19 lockdown struck in 2020, streaming services like Netflix experienced a significant surge in viewership, benefiting from the increased demand for home entertainment. Yet, despite this boom, Netflix faced a sharp decline in subscribers, with a loss of 2,00,000 customers in the first quarter of 2022, and the potential to lose millions more.…
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Elon Musk Launches a Strong Bid to Takeover Twitter
In the recent turn of events, Elon Musk, the billionaire founder of Tesla and SpaceX, has offered to buy Twitter at $54.20 per share in cash. Last week, the Tesla owner was expected to join Twitter’s board. However, Twitter CEO Parag Agrawal disclosed that Musk has rejected to join the company’s board on April 10.…
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Amul & SAP India to run Digital Literacy Program across Gujarat
German IT major SAP has joined hands with Anand-based dairy pioneer Amul for a community outreach program, ‘Code Unnati’, under its Corporate Social Responsibility. Both companies will work together on knowledge transfer and technology capacity building in the country. SAP aims to transform the lives of 1.5 million people by enabling social entrepreneurship, skill development,…
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Flipkart Foundation: Sustainable development by empowering the underprivileged
India is a land of ample opportunities yet a country of undeveloped-deprived communities living in its urban and rural pockets. However, with a slight push, these communities have the potential to add to the nation’s growth. And to facilitate an inclusive, equitable, empowered and sustainable society in India, Flipkart India has launched the Flipkart Foundation…
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India’s wheat exports reach 7.85 million tonnes
The world is facing severe foodgrains crises due to the extended Covid-19 pandemic, and the Russia-Ukraine war has only widened the supply deficit. Moreover, the shortage has caused a surge in inflation rates. India has emerged as a global food supplier in such challenging times with its increased share in wheat exports. India’s wheat exports…
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India-Australia strengthens with economic cooperation & new Free Trade Agreement
India signed an economic cooperation and free trade agreement with Australia in the presence of PM Narendra Modi and his Australian counterpart Scott Morrison further strengthening India-Australia ties. As per the agreement, the Australian capital of Canberra would provide duty-free access to 95 per cent of Indian goods such as textiles, leather, sports products and…
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Share Markets close higher on the first of FY23: Sensex recaptures 59k mark
India’s share markets welcomed the new financial year with smart gains on Friday. The stellar performance from index majors such as HDFC twins and Reliance Industries combined with foreign fund inflows helped Sensex recover 708 points to recapture the crucial 59000 mark. The Sensex jumped 828.11 points or 1.41% to 59,396.62 during the day and…
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UPI recorded 1 lakh Cr in transactions values last year
The state-owned Unified Payments Interface (UPI) has crossed Rs 1 Lakh crore mark in transactions values for 2021-22. According to the National Payments Corporation of India (NPCI), UPI recorded transactions worth Rs 83.45 lakh Crore in 2021-22, Rs 504 crore transactions alone in March. It recorded a surge of 7.5 per cent from the previous…
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CCEA amends Mega Power Policy 2009 for power projects
Under the Chairmanship of Prime Minister Narendra Modi, the Cabinet Committee on Economic Affairs (CCEA) has extended the time to identify 10 Provisional Mega certified projects for furnishing the final Mega Certificates to the Tax authorities for 36 months. The Committee came to this decision as the time concession for furnishing the final mega certificate…
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Bharat Founders Fund: Indian Unicorns to provide funds to new startups
Founders and top executives become the real-time Sharks (from the TV Reality Show ‘Shark Tank’), forming a collective fund, Bharat Founders Fund, for new startups. About 65 entrepreneurs have now donned the investor’s cap through the Bharat Founders Fund (BFF) launch to invest in pre-seed stage companies. Among them are the famous Unicorn founders Vidit…