Year: 2020

The Uttar Pradesh government has managed to rope in more than 40 investors from national & international companies from about 10 countries namely Japan, US, UK, Canada, Germany, South Korea, etc for around Rs 45,000 Crores investment.   Nearly 426 acres of land (326 plots) have been allotted by the Industrial Development Authorities for the project and employment generation potential of nearly 1, 35,362 will be created. This includes allotment to major investors such as Hiranandani Group, Surya Global, Hindustan Unilever, MG Capsules, Kesha Packaging Mountain View Technologies, etc.  …

It seems most of the corporates are trying to enhance their market share by bringing visibility  and it is true that The BIG is about to arrive! A question comes on how many consumers are visiting these retail outlets?  India’s retail market is estimated to be worth Rs 60 lakh crores in FY 2019-20 and is expected to grow at the growth of 10% and by 2024-25, it will reach to Rs 90 lakh crores. Reliance, Amazon, Flipkart are facing a tug of war situation in a serious war to…

Reserve Bank of India( RBI) has imposed a penalty of Rs 1 crore on Reliance Jio Payments Bank Limited for non-compliance with RBI directions on timely submission of application in the case of re-appointment of Managing Director and Chief Executive Officer .   “This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47A (1)(c) read with section 46(4)(i) of the Act,” RBI said in the statement, adding that the action was based on the deficiencies in regulatory compliance and is not intended…

Bharat Biotech is planning to launch its vaccine for COVID-19 in the second quarter next year if it gets the requisite approvals from the Indian regulatory authorities, a top company official said.   It said its immediate focus is to conduct the Phase 3 trials successfully across sites in the country. Covaxin- has been developed in collaboration with the Indian Council of Medical Research (ICMR) – National Institute of Virology (NIV) using inactivated Sars-Cov-2, the virus that causes COVID-19. The virus was isolated in an ICMR lab.   “If we get all the approvals…

Amazon is geared to pull the Future group on its deal with the Reliance Industries for the worth of $3.4 bn battel. It has claimed Future Retail Ltd is misleading the shareholders by incorrectly saying it was complying with its contractual obligations to the U.S. e-commerce giant, as per the reports of Reuters.   Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries Ltd for $3.4 billion. The deal, Amazon alleges, breaches 2019 agreements by Future.…

Wisconsin Republican Party’s chairman Andrew Hitt told the press that Hackers stole $2.3 million from the Wisconsin Republican Party’s account that was being used to help reelect President Donald Trump in the key battleground state.   Hitt further said the party noticed the suspicious activity and contacted the FBI. He further confirmed that the FBI is investigating.   The attack was discovered less than two weeks before Election Day as both Trump and Democratic rival Joe Biden made their final push to win Wisconsin and its 10 electoral votes.   The stolen money would have been used in the final days of the campaign…

A question is on who will be the next president of US ? The political and industry pundits are talking at the global level to find the answer, It is just three days to go. many says that President Trump to come back again by winning the election.   While addressing a rally in Arizona, US President Donald Trump has accused both the mainstream and social media companies of blocking serious charges of corruption against his rival and Democratic presidential candidate Joe Biden’s family and his son, Mr Trump has…

Traditional banks are set up as an expensive middle man, where banks charge us to store our money, give us less interest than our savings lose in inflation, and then loan the same money back to us at much higher interest, while also using that money to invest and keep all the profits. Ant doesn’t work like a traditional bank. It’s an ‘Amazon for money’ that makes it easier – not more difficult – for us to earn, exchange and invest our money at a fraction of the cost, in…

The Aarogya Setu app gained immense popularity in India and crossed five million downloads within the first three days from its launch and consequently, became a target for malware creators. SonicWall Labs threats research team observed that some of these malicious apps are piggybacked on the legitimate Aarogya Setu app in the resources folder. These malicious apps install the legitimate app in the background, a technique used to fool the user into believing that the user installed the legitimate app. In reality, the malicious app executes its criminal functions in…