Author: News Desk

India Toy Fair 2021 to be held from February 27 to March 2 The virtual event will have over 1200 participants An opportunity to learn about and buy variety of toys There will be Craft Demonstration, Toy Design Challenge and Product Launch The event also provides a chance to interact with experts from different areas of the industry Webinar and panel discussions will provide in-depth idea about toys Toy makers, distributors and investors will converge on the platform MSMEs, startups and artisans will also be a part of the fair For children, there will be activity-related learning sessions It will…

The Central government has announced new guidelines for social media and OTT platforms as part of its efforts to curb abuse. IT Minister Ravi Shankar Prasad and Information and Broadcasting Minister Prakash Javadekar jointly presented the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 at a press conference. As per new norms, posts or tweets that are offensive to women should be removed within 24 hours of receiving a complaint. A three-tier grievance redressal mechanism will be introduced for social media. The first level involves the publisher, the second is self-regulatory body and the third the I&B…

Xiaomi ramps up manufacturing operations in India Manu Kumar Jain, Xiaomi India head, says 100% of Mi Smart TVs are now ‘Made in India’ Also, 99% of Xiaomi smartphones are being locally assembled COVID-19 induced disruption in the supply chain led to the paradigm shift Xiaomi has been making smartphones in India for the last five years in partnership with Foxconn & Flex Xiaomi India generated employment for over 10,000 individuals in 2020, said Jain The smartphone brand debuted in India in 2014 Xiaomi is currently the world’s third-largest smartphone brand

Fintech Unicorn Razorpay plans to raise $200 million from existing investors GIC, the sovereign wealth fund of the Singapore govt, is an existing investor in Razorpay Post the funding, the startup will be valued at $2 Billion In October last year, Razorpay became the fifth fintech startup to enter the unicorn club Razorpay reported revenue of Rs 519.42 crore in FY20 Airtel, BookMyShow, Facebook, Ola, Zomato, Swiggy, Cred, and ICICI Prudential are Razorpay’s clients In 2020, Fintech became the most funded sector

Flipkart to add 25,000 EVs to its fleet by 2030 EV charging stations will be set up at its delivery hubs and offices The e-commerce major had said it would change its entire fleet to EVs within this decade It had also joined The Climate Group’s global electric mobility initiative ‘EV100’ The initiative brings together companies eyeing complete EV transition The company aims to pilot 450 two and three-wheeler EVs across multiple cities Leading EV makers Hero Electric, Mahindra Electric and Piaggio partnered with Flipkart for the same

TikTok parent ByteDance builds Asia hub in Singapore TikTok is reportedly downsizing workforce in India and ramping up recruitment in Singapore About 25% of the total job postings by Bytedance since August 2020 are in Singapore Apart from India, TikTok also faced survival threats in the US, too India banned TikTok in the backdrop of geopolitical tensions last year TikTok had over 200 million users and more than 200,000 influencers in India

സ്മാർട്ട്ഫോൺ സെഗ്മെന്റിൽ ഒന്നാമനായി Apple 4 വർഷത്തിനിടെ ആദ്യമായി സ്മാർട്ട്ഫോൺ സെഗ്മെന്റിൽ Apple സാംസങ്ങിനെ മറികടന്നു 2020 അവസാന ക്വാർട്ടറിൽ ആപ്പിൾ മുൻ വർഷത്തെക്കാൾ കൂടുതൽ വിൽപന നേടി 2020 അവസാന 3 മാസങ്ങളിൽ iPhone വിൽപ്പന 79.9 ദശലക്ഷത്തിലെത്തി സാംസങ്ങിന്റെ അവസാന മൂന്ന് മാസ വിൽപ്പന 62.1 ദശലക്ഷമാണ് നാലാം ക്വാർട്ടറിൽ ആപ്പിളിന് 20.8% മാർക്കറ്റ് ഷെയറാണുളളത് നാലാം ക്വാർട്ടറിലെ സാംസങ്ങിന്റെ വിപണി വിഹിതം 16.2% ആണ് 2020ൽ സാംസങ് സ്മാർട്ട്‌ഫോൺ വിൽപ്പനയിൽ ഒന്നാമതാണെങ്കിലും വിൽപ്പന 14.6% ഇടിഞ്ഞു ആപ്പിളിന്റെ വാർഷിക വളർച്ചയിൽ 14.9 ശതമാനമാണ് മുന്നേറ്റം മാർക്കറ്റ് റിസർച്ച് പ്രകാരം സ്മാർട്ട്ഫോൺ വിൽപ്പന 5.4% മായി കുറഞ്ഞു, iPhone 12 വിൽപ്പന കൂടി Apple ബ്രാൻഡ് ഇമേജും iPhone 12 സീരീസിന് ലഭിച്ച സ്വീകാര്യതയുമാണ് ആപ്പിളിന് നേട്ടമായത്

Govt clears Rs 7,350 crore PLI (Production Linked Incentive) booster for manufacturing laptops, tablets, PCs etc… To nudge global and domestic powers to tap India’s manufacturing prowess Also to bolster the electronics ecosystem in India Home-bound work and learning led to a surge in demand for laptops and PCs Govt estimates production worth Rs 3.26 Lakh crore and exports of Rs 2.45 Lakh crores The scheme intends to position India as a global hub for hardware manufacturing The market for IT hardware is dominated by 6-7 companies globally These companies control about 70% of the world’s IT hardware market share

India sends first vaccine doses to Africa under WHO’s COVAX programme The made-in-India vaccines were shipped to the COVAX facility in Africa on Tuesday WHO had given emergency use authorisation for Serum Institute’s vaccine candidate Serum Institute of India (SII) is the world’s largest vaccine maker SII will also deploy the Novavax vaccine mainly for poor and middle-income countries, soon So far, India has shipped over 17 million vaccine doses to more than two dozen countries

Zomato raises $250 million from Kora Management With this, the food delivery unicorn is valued at $5.4 billion Kora Management invested $115 Million, while $55 Million came from Fidelity Zomato aims for a $6 Billion to $8 Billion valuation through an IPO by 2022 The platform witnessed a surge in profits during the pandemic era Zomato is looking for double listing in India and overseas