Svante Paabo Won Nobel Prize 2022 In Medicine
On Monday, Svante Paabo, a Swedish scientist, was awarded the Nobel Prize 2022 in Medicine for his exceptional discovery, which confirms that modern humans share DNA with bygone relatives Neanderthals and Denisovans. He has provided crucial insights concerning the human immune system and what makes us distinctive compared to our extinct cousins. Svante’s father, Sune…
Britannia Appoints New CEO And Executive Vice Chairman
The packaged food company Britannia on Friday named Ranjeet Kohli as the company’s new chief executive officer (CEO) with effect from September 26, 2022. At the same time, Varun Berry, the company’s current managing director, has been appointed as Executive Vice Chairman and Managing Director with immediate effect. “I am delighted to welcome Rajneet to…
SoftBank Cut OYO’s Internal Valuation To $2.7 Bn
SoftBank has cut the Indian hotel chain valuation to $2.7 billion from $10 billion. The reported valuation cut occurs when the startup is months away from an initial public offering (IPO). The reports suggest that SoftBank is the largest investor in OYO ━ at 45 per cent, nearly half of it━ , which is a…
Navi Technologies Gets Approval From SEBI For IPO
Sachin Bansal’s Navi technologies get the nod from the Security and Exchange Board Of India (SEBI) for an Initial Public Offering (IPO), providing the Flipkart co-founder with a boost as he works to create a financial services conglomerate. Navi Technologies is a fintech company that submitted the draft papers to SEBI in March this year…
The Crypto Market Set To Regain $3 Trillion Market Cap
The crypto market, led by BTC, Ethereum, BNB Coin, and several other altcoins, reached $3 trillion in November 2021, when 1 Bitcoin reached an all-time high of about $70ooo. There were also a lot of concerns about Foreign Direct Investment in the cryptocurrency market at the time. Following that, Bitcoin began to normalise to price…
Chinese Carmaker To Bring Electric SUV To Indian Market Soon
World’s largest electric vehicle company by volume ━ BYD ━ to step into the Indian mainstream electric vehicle market with an electric SUV. The electric car is expected to run on Indian roads in the upcoming festive season. According to the reports, Warren Buffet-backed, a Chinese electric vehicle manufacturer, which took over Tesla last year,…
Goodfellows ━ A Startup By Ratan Tata For Senior Citizens
Industrialist Ratan Tata announced on Tuesday to invest in the companionship startup ‘Goodfellows’ for senior citizens. It would be the first Indian startup that aims to encourage intergenerational friendship. At the launch of Goodfellows, Ratan Tata said, “You do not know what it is like to be lonely until you spend time alone wishing for…
Unity Small Finance Bank Names Inderjit Camotra As New MD and CEO
Unity Small Finance Bank Limited announced the appointment of a new managing director and chief executive officer on Friday. The bank names Inderjit Camotra for this significant role. Inderjit Camotra is a senior banker with over 25 years of experience across India’s banking sector. He held various leadership positions at Standard Chartered Bank, ANZ, and…
Adani, TotalEnergies Joins Hands To Invest In Green Hydrogen
Adani New Industry Ltd (ANIL) teamed up with TotalEnergies to invest $50 billion in green hydrogen, the deal was announced on Tuesday. French giant TotalEngeries will buy a quarter of the equity in ANIL, part of Adani’s eponymous group. The company will invest a set amount for a period of over ten years. With this…
Govt. To Sell Entire Remaining Stake In Hindustan Zinc
The cabinet committee on Economic Affairs (CCEA) on Wednesday, 25 May, approved the sale of the entire remaining stake in the Hindustan Zinc Ltd (HZL). The government holds a 29.5% stake in HZL which would fetch the Centre Rs. 38,062 crores according to the closing price of the company’s share. Share of Hindustan Zinc surged…