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India beats UK: Becomes the 3rd country to have largest number of Unicorns

Vaishali GautamDecember 25, 20210

Following USA at the 1st place with 487 and China at 2nd with 301 unicorns, India beats UK and replaces it at the 3rd place with 54 unicorns according to the Hurun Global Index 2021. The report says India has more than doubled the number of unicorns from last year. Not just UK, India is way ahead of countries like Germany, France, Israel, Canada, Brazil and South Korea. Moreover Bengaluru stands 7th in the list as the city with most number of unicorns in the world. Bengaluru alone comprises of 28 unicorns of India. The unicorns being talked about are not the horses with horns on their forehead (we all know they are mythical). This unicorn is a terminology used in the business world. Actually there are certain badges of honor or status given to startups based on their valuation. The...

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ArticleBusinessFinanceIndiaInternational

Enmity With India Costed Over 50,000 Crore To China This Festive Season

Vaishali GautamDecember 13, 20210

India’s apex trade body, the Confederation of All India Traders (CAIT) estimated China a loss of worth 50,000 crore to China this Diwali. This came as a consequence of the call to boycott Chinese stuffs amid the anger it fired through its actions against India. On the basis of a survey done in 20 distribution cities, CAIT revealed that there were no orders for diwali goods or firecrackers that were placed with the Chinese exporters by the Indian traders. CAIT too itself called for boycotting Chinese goods. Though China has often been taking upsetting steps against India, the movement to boycott Chinese products aggravated immensely since the Galwan Valley dispute last year. Ladakh’s Galwan Valley witnessed a violent clash between the armies of India and China on 15th of June, 2020. Ten...

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FinanceIndiaNews

Is Jan-Dhan Yojana Poor Men’s Scheme?

Monomita NagDecember 12, 20210

Pradhan Mantri Jan Dhan Yojana was a significant scheme launched  by Modi soon after coming to power in 2014. Primarily, it aimed at providing banking facilities to the multitudinal poor and the marginalized section of the society. It is true that since our independence banking facilities were not accessible to millions of the poorest of the poor. Therefore, It was undoubtedly a landmark decision taken by the govt. BENEFITS It was announced that the account holders would be provided with a debit card plus an accidental insurance amount of one lakh rupees. One could also open an account with zero balance. ACHIEVEMENTS OF THE GOVT After 7 years, it is recorded that 43.04 accounts have been opened and an amount of 146,230.71 crores have been deposited in the bank accounts.Of...

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ArticleFinanceNews

Tariff Hikes For 5G Connectivity; Check It Out!

Sonia SolankiNovember 30, 20210

5G connectivity is around the corner. But for it we have to pay tariff hike. So, that we can have better network and connect in our mobile phones. On 28th November, Reliance Jio announced hike of tariff charges. These will be come in play from 1st December. In telecom sector Reliance is the biggest player. The hike will cost Rs.91 for base plan against Rs.75 the earlier price. Before Jio, Airtel and Vodafone Idea has already hiked their tariffs. These increase in tariffs is coming after two years. As telecom industry is preparing for the launch of 5G services. The hike will give companies massive investments. This will be used in better networking and connectivity. Both Airtel and Vodafone have increased tariffs by 25%. Whereas, Jio tariff increase is 21%. BSNL and MTNL have not...

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ArticleBusinessFinance

The Journey Of Air India From Success To Failure… What’s Next?

SinshaOctober 30, 20210

There was a time when Air India, which was known as ‘The palace in the sky', was considered one of the best airlines in the world. It provided luxury travel for the passengers. Associated with hospitality, food, Indian culture, and art. Air India seemed to be a representation of India. But today the situation has become so worse that after a hundred million losses,  the government had to privatize it. Here we will be considering some important incidents which lead the government to take such an initiative. Air India 747 First class JRD Tata, who had a passion for flying planes was the first Indian to acquire a flying license. To bring civil aviation to India was his dream. But it wasn’t easy at that time because the British Raj who were ruling India during those times didn’t coopera...

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BusinessFinanceIndiaLatest NewsNews

IRCTC Share Prices Recover After 30% Fall As Railway Ministry Withdraws Decision To Share ‘Convenience Fee’

Divya SinghOctober 30, 20210

Indian Railways Catering and Tourism Corporation (IRCTC) faced 30% fall in the share prices. After the reports stating that the company must share revenues earned from convenience fees with the Railway Ministry in 50:50 ratio, this fall in share prices sufficed. Railway Ministry withdraws decision to share convenience fee The company’s shares were down as much as 30% to an intraday low of Rs 639.45.  The loss was recovered after the Railway Ministry decided to withdraw its decision to share convenience fee charged by the company to passengers for ticket booking.  This resulted in recovery of the loss as IRCTC share prices were down 4.87% at Rs 867 apiece, afterwards. DIPAM Secretary also confirmed this in a tweet that reads as, "Ministry of Railways has decided to ...

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ArticleFinanceIndiaNewsPoliticsWomen in profession

Light Goes Out On Women First; Let’s Explore Why And How?

Vasudha SOctober 25, 20210

Coal, fuel and electricity are running short and getting dearer in India and the world. It’s a good time to look at our collective crises from a gendered perspective. Picture this: There has been no power for 24 hours now. The days prior to this blackout were no cakewalk either. Hardly 2-4 hours of electricity in a day for several months now. Children’s education cannot be compromised. Husband’s job cannot be compromised. The household’s basic health and hygiene cannot be compromised. The lady of the house now plans all household chores around the few hours of electricity supply. Remember, in the absence of electrical appliances, her work has more than doubled.  Picture this: An international bottle-neck in crude oil supply is driving up cooking fuel prices. At home the gas...

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BJPFinanceIndiaLatest NewsUncategorized

We The Tax-Payers, And The GOI’S Decadently Sweet Air India Deal

Vasudha SOctober 22, 20210

The BJP government finally sold off the debt-ridden maharaja. What is the real cost of this deal? Air India and its iconic Maharaja mascot Do we still need to discuss the Air India deal? If you are among those honest tax-paying Indian citizens who’ve heaved a huge sigh of relief at the closure of the Air India deal, thinking that the Maharaja is finally off your backs, you definitely need to discuss it. You have been successfully duped into believing a lie. Air India, like a clingy Betaal, will stick to our collective tax-paying backs for a long time to come. In fact, Air India’s liabilities will long outlast the present BJP government too. That’s how cloyingly sweet the AI deal is. Perhaps, Tata couldn’t have asked for more. Confused? Quite likely you are, given that the mai...

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BusinessFinanceInternational

Small Crash For Facebook: Big Fall For The World!

Aayushi KumariOctober 21, 20210

Hangover weekend and Monday blues, the evil twins, are made better by connecting with loved ones at the end of the day. If not that, then scrolling through social media provides a brief reprieve. However, this stress outlet was nowhere to be found on October 5, 2021. On Monday the world had to suffer through the temporary shutdown of the social media giant, Facebook, and its subsidiaries, WhatsApp, Messenger, Oculus, and Instagram. Unable to access the websites and apps, people first blamed their internet and WIFI connection. It was later realized that the applications mentioned were facing a global outage. It turned out that a configuration change in the routers caused the services to crash. Competitor’s Heyday Users worldwide and many Facebook employees were inconvenienced. But...

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ArticleFinanceSports

Nazara Technologies: Strong Momentum In Gamified Learning, Esports Boosts FY21 Growth

adminMay 24, 20210

Indian tech giant Nazara Technologies has reported an 84 percent jump in its consolidated revenue year on year, from INR 247.5 crore in the financial year 2020 to INR 454.2 crore (unaudited) in the financial year 2021. Real money gaming plays role in Nazara growth The Rakesh Jhunjhunwala-backed mobile gaming company registered growth in all of its segments— most notably the gamified learning segment, which grew 820 percent in revenue from INR 19.1 crore in FY20 to INR 175.8 crore in FY21. Esports, meanwhile, reached INR 170.1 crore in FY21—up 102 percent from the INR 84.2 crore recorded in the previous financial year. “Gamified learning and esports segments have not only demonstrated strong growth momentum in FY21 but have also laid the foundation for predictable growth on account of pr

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FinanceNewsWomen in profession

Bumble App Founder Just Became World’s Youngest Self-Made Billionaire At Age 31

adminFebruary 13, 20210

Bumble, a dating app made by women for women has just made its founder the world’s youngest self-made billionaire. Recently, Whitney Wolf has made her company Bumble Inc. public since then the shares of the dating app has soared 67% while debuting in the trade market to $72 in New York. After that, the value of the Chief Executive officer Whitney Wolfe Herd has gone to $1.5 Billion. Whitney Wolf who was an executive at Tinder who left her job and started her own female-led dating app in 2014. The main objective of Herd was to create a platform where women are the ones in control of making commitments and building relationships. Whitney wrote in Bumble’s S-1 filing "The importance of a woman making the first move is not exclusive to the world of dating, romance, or love,". She also wrote ...

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