Tiki launches ‘One Nation, One Community’ campaign in lieu of India’s Republic Day
One Nation, One Community is a campaign that Tiki, a short video community, has launched. Users are urged to upload videos and honour India’s 74th Republic Day by lending a helping hand to those in need using the hashtag #EkSewaDeshKeNaam as part of the campaign. The campaign aims to cultivate a sense of community amongst […]
PhonePe raises $350 million from General Atlantic at $12 bn valuation
The fintech company PhonePe, owned by Walmart, has secured $350 million from General Atlantic at a $12 billion pre-money valuation. The investment represents the first round of this month’s start-up fundraising effort, which aims to raise upto $1 billion. PhonePe’s valuation, which was set at $5.5 billion in 2020, has more than quadrupled due to […]
Bernard Arnault appoints her daughter as the CEO of Christian Dior
In a significant reorganisation at the opulent fashion business, Delphine Arnault, the daughter of French billionaire Bernard Arnault, has been appointed by her father to lead Dior, the second-largest brand in his LVMH luxury empire. According to a statement from LVMH, she will take over as CEO of the Dior fashion and fragrance firm. Moreover, […]
Tesla files for $776 mln expansion of Texas gigafactory
Great automotive giant Tesla has applied to expand its gigafactory in Austin, Texas. According to official records, Tesla has sought to expand its Texas gigafactory with a $775.7 million investment, one of its greatest growth initiatives since constructing the $5.5 billion gigafactory in Germany last year. According to the company’s registrations on the website of […]
AMUL MD RS Sodhi removed from position, Jayen Mehta takes interim charge
Amul’s managing director, RS Sodhi, was fired on Monday; Jayen Mehta has temporarily filled the post. For the past four years, Sodhi has had a contract extension. Amul will soon have a new MD, according to Shankarsinh Rana, chairman of Gandhinagar Madhur Dairy, who confirmed the news. At the board meeting of the farmers’ cooperative […]
Twitter user’s Email addresses leaked online by hackers
According to security analysis, hackers gained the reach to the email addresses of more than 200 million Twitter users and posted them on a hacking panel online. Alon Gal, the co-creator of Israeli cybersecurity-monitoring organisation Hudson Rock, said on LinkedIn that the breach “will regrettably result in a lot of hacking, targeted phishing, and doxxing.” […]
India’s first green hydrogen blending project launched by NTPC
State-owned National Thermal Power Corporation (NTPC) said that they have started India’s First ever green hydrogen blending project in the Piped Natural Gas (PNG) network of its township in Kawas, Surat. According to a company statement, “This project is a joint venture between NTPC and Gujarat Gas Limited (GGL). P Ram Prasad, Head of Project, Kawas, […]
Indian Government increases windfall taxes on petroleum, diesel, and aviation fuel
In the last two weeks, the government has increased the windfall tax on locally produced crude oil sales from 1,700 to 2,100 per tonne. With immediate effect from Tuesday, the raise in special additional excise duty on diesel exports is to 6.5 cents a litre from 5 cents. This also includes the tax of 1.5 […]
Tata Group Veteran R.K. Krishnakumar, passes away at 84
Former Tata Sons Director and Ratan Tata’s close confidant, R.K. Krishnakumar, died in Mumbai. He was 84 years old. He was a significant corporate executive with a 50-year career who progressed through the ranks at the vast conglomerate. RK Krishnakumar was the vice chairperson of India Hotels Company Limited (IHCL) for several years; he previously […]
Reliance Industries announces scholarships for students seeking higher education
In a press release issued on Wednesday, Reliance Group stated that for the next ten years, it will provide more than 50,000 scholarships to undergraduates seeking higher education in the country. These are only valid for students who are in their first year of undergraduate courses and are following any academic stream of their choice […]
