Photo: NBC News
Amazon Vows To Bring 1 Million Retailers Online With $250 Million Venture Fund
E-Commerce giant 'Amazon' launched a $250 million Amazon Smbhav Venture Fund, on April 15, along with other initiative aimed at upscaling SME's. Aimed at upgrading healthcare and agricultural sectors, the package will assist budding entrepreneurs and startups in digitising SMEs. While vowing to bring 1 million retailers under their umbrella by 2025, the company also launched an initiative to bring 50,000 artisans under the flagship 'Spotlight… read-more
Tags: Amazon, India, E-commerce, Retailers
Courtesy: Financial Express
Photo: Investopedia
Facebook Signs Deal With CleanMax To Buy Renewable Energy From India
Facebook has signed a deal with Mumbai-based Company CleanMax to buy renewable energy from a 32-megawatt wind power project located in Southern Karnataka. The power project owned by CleanMax will supply electricity to Facebook on a long-term agreement using environmental attribute certificates, or carbon credits. Meanwhile, Facebook CEO Mark Zuckerberg on April 15, announced that the company's operations will now run by renewable energy… read-more
Tags: Facebook, Renewable Energy, Mark Zuckerberg, Karnataka
Courtesy: The Economic Times
Photo: YourStory
Centre Plans To Mandate BIS Mark On Gold Jewellery From June 1
To ensure purity standards, the Centre is eyeing to implement mandatory hallmarking of gold jewellery from June 1. After implementation, jewellers will be required to register themselves with the Bureau of Indian Standards. Earlier, in November 2019, the government had announced to mandate BIS mark from January 15, 2021 which was deferred citing the pandemic. Now jewellers will be allowed to sell only 14, 18 and 22 carats of gold.
Tags: BIS Hallmark, JEWELLERY, India, gold
Courtesy: The Economic Times
Photo: Scroll
S&P Index To Delist Adani Ports, Cites Firm's Ties With Myanmar Military
India-based Adani Ports and Special Economic Zone Ltd will be delisted from S&P Dow Jones's sustainability index before April 15. The decision has been taken because of the firm's association with the human rights violation-accused Myanmar military. Reportedly, a $290-million port is being constructed by the company on the military-backed corporation land. However, the company has not issued any comment on the delisting yet.
Tags: Adani Groups, Myanmar Military, Stock market, Gautam Adani
Courtesy: NDTV
Photo: The New Indian Express
SC Rejects Plea Seeking Stay On Dismantling Decommissioned 'INS Viraat'
A plea seeking stay on dismantling India's decommissioned Navy aircraft carrier 'INS Viraat' was rejected by the Supreme Court. The bench headed by the Chief Justice S.A. Bobde chose not intervene as 40% of the iconic ship has already been dismantled. Filed by M/S Envitech Marine Consultants Private Limited, the plea sought to convert the 65-year-old aircraft carrier into a museum. The ship was inducted into Indian Navy in 1987.
Tags: INS Viraat, Indian Navy, Ship, Supreme Court
Courtesy: The Wire
Photo: PYMNTS .com
Amazon India Assures To Bear Employees COVID Vaccinations Expense
E-commerce giant, Amazon India, on April 12 announced to bear the COVID-19 vaccination expenses of all its employees. Including partners in network ecosystem the company will ensure free COVID-19 jab to delivery service, partner associates, logistics partners and sellers listed since last year under the initiative. Notably, Amazon has launched an 'Amazon Relief Fund' in April 2020 for the Indian employees who were diagnosed COVID positive.… read-more
Tags: Amazon, Covid-19, Amazon India, Coronavirus Vaccines
Courtesy: Indian Express
Photo: Deccan Herald
Flipkart Partners With Adani To Strengthen Supply Chain, Logistics Base
Indian e-commerce giant Flipkart announced a collaboration with Adani Group on April 12 to expand its supply chain base. Under the strategic and commercial partnership, Adani Logistics Limited will help Flipkart in strengthening its supply infrastructure and will construct a logistics hub in Mumbai. The collaboration is likely to generate 2,500 direct and thousands of indirect jobs. Additionally, Flipkart will open a data centre at… read-more
Tags: Flipkart, Adani Group, collaboration, business, Supply chain , Adani Logistics
Courtesy: LiveMint
Photo: Upstox .com
Broking App 'Upstox' Alarms User Data Breach; Assures Safety Of Funds
Wealth management firm, Upstox has alerted users of a security breach targeting contact data and KYC details of customers stored in the third-party warehouse. However it assured that users funds and securities are safe. While the data has been put on dark web, Uptsox, with over three million users assured that an international cyber-security firm has been hired. Moreover, retail broking firm said it also initiated password resets via OTP.
Tags: Stocks, UPSTOX, Hackers, Data Breach
Courtesy: Indian Express
Photo : Autocar Professional
Siemens, Hinduja Group Team Up To Launch EV Charging Infra In India
Hinduja Group and Siemens have joined hands to innovate the electric commercial vehicles segment in India. While Hinduja’s Switch Mobility Automotive Limited will introduce commercial EVs in India, Siemens will provide an energy-efficient charging mechanism for them. Moreover, the companies will also collaborate to launch new energy management business models, including eMobility-as-a-Service (eMaas), Vehicle-to-Grid (V2G) and on-site/off-… read-more
Tags: Siemens, Hinduja, Electric Vehicles, Charging Station
Courtesy: News18
Photo: India TV
NITI Aayog Proposes Online Redressal System To Settle Disputes
Laying stress on quicker and efficient disposal system, the NITI Aayog on April 10 proposed an online redressal system for settling disputes. The Aayog chief Amitabh Kant released a handbook for small and medium-value cases that provisions to settle the disputes by using digital technology and arbitration. Mechanised by ICICI Bank and National Institute of Public Finance and Policy, the system aims to expedite cost efficient redressal… read-more
Tags: Niti Aayog, Amitabh kant, India, policy, Dispute Settlement
Courtesy: LiveMint