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Delhi IGI Airport Accident News: दिल्ली IGI एयरपोर्ट पर ड्रॉपिंग एरिया की छत गिरी, एक शख्स की मौत
By PunjabKesari TV| 2380 views
Anil Vij ने CM पद के लिए ठोका दावा, कहा- मैं छह बार का विधायक हूं, पार्टी से आज तक कुछ नहीं मांगा
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By Janta TV| 934 views
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By JANTV RAJASTHAN| 7575 views
Delhi:2 दिन बाद दूंगा CM पद से इस्तीफा,जनता की अदालत में साबित करुंगा अपनी ईमानदारी-Arvind Kejriwal
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By Janta TV| 1015 views
अनूठे "रक्षा -सूत्र " से बांधी डोर विश्वास की
Watch अनूठे "रक्षा -सूत्र " से बांधी डोर विश्वास की With HD Quality
By P P Chaudhary| 3802692 views
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By Bharatiya Janata Party Delhi| 954 views
INH, बारिश से खुली निगम की पोल, नाली का कचरा आया सडकों पर...इलाके के कई हिस्से में भरा पानी | Jagdalpur
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Source : ANI \ Studio \ INH Reporters \ Agencies
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By Inh News| 10188 views
#boat #gangadussehra #gangadussehra2024
पटना के बाढ़ में गंगा नदी में पलटी नाव
गंगा दशहरे पर 17 लोगों से भरी डूबी नाव
13 लोग तैर कर आए बाहर, 4 अभी भी लापता
मौके पर पहुंची रेस्क्यू टीम
लापता लोगों की तलाश जारी
गंगा घाट पर उमड़ी थी श्रद्धालुओं की भीड़
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Bihar की Capital Patna से सटे बाढ़ इलाके में आज एक दिल दहला देने वाली घटना हुई! Ganga Dussehra | RJD
By PunjabKesari TV| 6574 views
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By DB Live| 107 views
#zomato #jalandhar #motercycle
ਜਲੰਧਰ 'ਚ ਵੱਡੀ ਘਟਨਾ, Zomato ਵਾਲੇ ਨੂੰ 3 ਮੁੰਡਿਆਂ ਨੇ ਕੁੱਟਿਆ ਫੇਰ ਖੋ ਕੇ ਲੈ ਗਏ Motorcycle
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ਜਲੰਧਰ 'ਚ ਵੱਡੀ ਘਟਨਾ, Zomato ਵਾਲੇ ਨੂੰ 3 ਮੁੰਡਿਆਂ ਨੇ ਕੁੱਟਿਆ ਫੇਰ ਖੋ ਕੇ ਲੈ ਗਏ Motorcycle
By Dainik Savera| 150 views
#zomato #jalandhar #motercycle
ਜਲੰਧਰ 'ਚ ਵੱਡੀ ਘਟਨਾ, Zomato ਵਾਲੇ ਨੂੰ 3 ਮੁੰਡਿਆਂ ਨੇ ਕੁੱਟਿਆ ਫੇਰ ਖੋ ਕੇ ਲੈ ਗਏ Motorcycle
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ਜਲੰਧਰ 'ਚ ਵੱਡੀ ਘਟਨਾ, Zomato ਵਾਲੇ ਨੂੰ 3 ਮੁੰਡਿਆਂ ਨੇ ਕੁੱਟਿਆ ਫੇਰ ਖੋ ਕੇ ਲੈ ਗਏ Motorcycle
By Dainik Savera| 52 views
ऑनलाइन इंस्टेंट फ़ूड डिलीवरी ऐप्प जोमैटो और स्विगी को बड़ा झटका लगा है। दरअसल इन दोनों प्लेटफॉर्म्स को GST अधिकारीयों ने नोटिस भेजा है। इन दोनों कंपनियों को डिलीवरी चार्ज पर 500 करोड़ के नोटिस मिले हैं। स्विगी और जोमैटो अपने ग्राहकों से डिलीवरी फीस के नाम पर कुछ पैसे वसूलते हैं।
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By Khabar Fast| 157 views
India has over 99,000 #startups. India became the third-largest start-up ecosystem in the world after the US and China last year. However, start-ups have been reported to have flouted norms around corporate governance, putting at risk the entire start-up ecosystem, making foreign investors sceptical. Start-ups, on the other hand, are blaming investors for pushing ‘growth at all costs’, forcing them to junk processes they once had in place.
Certain issues in the internal processes, accounting, and governance practices have been raised in some of the startup companies, leading to the need for corporate governance becoming a focal point.
The funding winter has continued beyond 2022 and is fast approaching to extend beyond 2023 as well. It is becoming clearer that selectivity in deal-making will increase, with a focus on path-to-profitability, especially in growth- to late-stage companies.
Today's Headline in NewsHours
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2:35 Cabinet reportedly approves ₹1.39-lakh cr plan for rural broadband
3:10 #RelianceJio to finance 5G rollout with $2.2 bn funding from Swedish export credit agency
3:45 #Google awards Apple's security team $15,000 for discovering Chrome bug
4:20 #Telegram blocked in Iraq over national security concerns
4:58 #Zomato rolls out ₹2 platform fee per order on trial basis
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The world of Indian startups
By VARINDIA| 106 views
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By s media| 69 views
We are witnessing the role of humans changing in a world where AI, enhanced by #quantumcomputing, has capabilities that surpass human intelligence. With the rapid evolution of these technologies, quantum computers could potentially break current encryption algorithms, it is the right time we should protect data and maintain privacy in the era of quantum-enhanced AI
Quantum computing is an emerging field of computing that leverages the principles of quantum mechanics, a branch of physics that describes the behaviour of matter and energy at very small scales. Unlike classical computers, which use bits to represent information as either 0 or 1, quantum computers use quantum bits, or qubits. Quantum computing has the potential to solve complex problems faster than traditional computing.
Today's Headline in NewsHours
0:00 Intro
3:05 OYO announces ‘Stay Now Pay Later’ deal
3:35 #Google Lens can now identify skin conditions
4:08 Putin claims First Russian Nuclear Weapons Delivered to Belarus on schedule
4:50 #Micron to invest $1 billion to $2 billion in India
5:22 #SoftBank to offer Paytm and Zomato shares for the first time
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By VARINDIA| 187 views
#Cybersecurityattacks are still a significant concern and remain a persistent threat in today's digital landscape. Despite advancements in security measures, cybercriminals continue to evolve their tactics, exploit vulnerabilities, and target individuals, organizations, and even governments.
The rapidly expanding digital infrastructure, increased connectivity, and the growing reliance on technology have created new opportunities for cyber attackers. They employ various techniques such as malware, phishing, ransomware, social engineering, and distributed denial-of-service (DDoS) attacks to compromise systems, steal sensitive data, disrupt services, and extort money.
Cybersecurity attacks are still alive and well in 2023. In fact, they are becoming more sophisticated and targeted than ever before. This is due to a number of factors, including the increasing use of technology in our everyday lives, the growing sophistication of cybercriminals, and the increasing value of data.
Today's Headline in NewsHours
0:00 Intro
3:27 TCS investing in AI capabilities including products and platforms
4:08 #Twitter Blue subscribers to have up to 1 hour to edit tweets
4:37 Amazon planning to offer an ad-based tier on Prime Video
5:08 #Zomato starts experimenting with generative AI
5:40 #Google Pay to support Aadhaar-based authentication for UPI
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By VARINDIA| 149 views
Companies are actively exploring and integrating #AItechnologies to enhance their operations, improve efficiency, make data-driven decisions, and provide better products or services to their customers.
It can enable you to incorporate and analyze far more information than you (or any human being) could do on their own. To help optimize pricing, for example, AI can input reams of historical data on product sales, margins, supplier costs and customer satisfaction, then produce rigorous estimates of possible future scenarios. It can project how competitors and suppliers might change their prices in response to your decisions.
Today's Headline in NewsHours
0:00 Intro
3:03 #Baidu says its AI chatbot won’t make mistakes on ‘sensitive topics’
3:33 #RavneetKaur becomes the 1st woman to head Competition Commission of India
3:58 #WHO calls for safe and ethical use of AI in healthcare
4:30 #Zomato rolls out its own UPI offerings
4:48 As Amazon hikes seller commission, shopping on the platform may get costlier
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#varindia #newshour #investment #AIInvestment #CorporateAI #SmartInvestments #AIforBusiness #AIforCorporates #AIforEnterprises #AIforGrowth #AIforProfitability #AIforCompetitiveAdvantage #AIforSustainability #AIforEfficiency #AIforCostSavings #AIforProductivity #AIforInnovation #AIforTransformation #AIforDigitalization #AIforAutomation #AIforCustomerExperience #AIforDecisionMaking #AIforFutureSuccess
AI stands top priority for the Corporates to inve
By VARINDIA| 128 views
The fallout from the recent #bankingcrisis is likely to push the US economy into a mild recession later this year. After First Republic Bank became another victim of the banking crisis a couple of months after Jim Cramer endorsed it, several other large banks have been suffering major losses.
The stock of Los Angeles-based PacWest Bancorp bank’s share price has slumped after it said it has entered talks with potential partners and investors about strategic options. With this it has declined 55.63% in the last five days, while Metropolitan Bank Holding Corp has lost 26.84%, Comerica Incorporated 21.11%, and Western Alliance Bank corporation has erased 37.14%, as per the latest Google Finance data. The failures are the biggest to hit the US since the 2008 financial crisis.
First Republic bank failure means unfortunately that the other 'so-called' troubled regional banks should probably continue to sleep with one eye open. Experts say, if a 'confidence crisis' can happen to First Republic, it can happen to any bank in the country. Investors are speculating Who’s next?
Today's Headline in NewsHours
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3:05 #DoT disconnects 21031 SIM taken on forged documents
3:52 New food delivery app launched as a competitor to Zomato, Swiggy
4:27 #CBSE introduces coding, AI, financial literacy into Class VI curriculum
4:55 #Intel investigating Intel Boot Guard private keys leak after MSI breach
5:25 #DMRC introduces QR-based paper tickets on all its lines
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By VARINDIA| 95 views
The term "Funding Winter" refers to a period in which funding for start-ups becomes more difficult to obtain due to a variety of factors, including economic conditions, market trends, and investor sentiment.
Funding Winter has brought a significant impact on the growth and development of start-ups, particularly those in emerging markets like India. We are witnessing – employee layoffs, investors delaying capital infusion decisions, lower spends by start-ups in marketing, some start-ups getting valued lower than their previous funding rounds, etc. – resulting in drying up of capital flows or “Funding Winter”.
This has been a global phenomenon throughout 2022 and is expected to have an extended run in 2023 as well. Prior to funding winter, globally many startups were able to raise funds at increasingly higher valuations with relative ease. India being the third largest startup ecosystem in the world, these trends are reflected in the capital flows to Indian startups as well. A recent PwC report mentions a drop of 33% funding of Indian startups during 2022 in comparison to 2021.
Today's Headline in NewsHours
0:00 Intro
3:25 #TimCook to launch Apple's first store in India today
3:46 #Malware 'Goldoson' infects 60 mobile apps on Google Play
4:20 #Google withdraws SC appeal against NCLAT order
4:47 Jio and Bharti Airtel to provide new connections to 1.1 million employees of Indian Railways
5:25 Coca-Cola to buy minority stake in Swiggy, Zomato rival
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By VARINDIA| 183 views
#Identitysecurity is a significant concern for organizations, particularly in today's digital age. Cybercriminals are constantly devising new and sophisticated ways to steal sensitive data, such as usernames, passwords, and other personal information, which can lead to identity theft, financial fraud, and other security breaches.
The findings of a global survey that explores trends in Identity Security adoption and the relative maturity of organizations embarking on related strategies results show that only 9% of organizations are taking an agile, holistic and mature approach to securing identities throughout their hybrid and multi-cloud environments. The report features an Identity Security maturity model to help cybersecurity leaders assess their current strategies, uncover risks and take steps to strengthen cyber resilience, as per the report of #CyberArk.
Today's Headline in NewsHours
0:00 Intro
3:20 CCI conducting inquiries against big tech companies
4:02 NPCI chief said investment is needed for UPI to reach three billion transactions a day
4:40 Southern Railway's official Facebook account hacked
5:16 #Mobile PLI scheme's investment hits ₹5,124 cr till Dec
5:59 #Sebi comes up with cybersecurity norms for portfolio managers
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#identitytheft #security #identity #fraud #cybersecurity #creditrepair #scam #creditscore #personalinformation #data #shredding #papershredding #safety #business #studentloans #shred #longisland #confidential #destruction #cre
By VARINDIA| 114 views
It is possible that #artificialintelligence could add significant value to India's GDP by 2025. According to a report by the National Association of Software and Services Companies (NASSCOM) and consulting firm McKinsey, AI has the potential to add between $350 billion and $500 billion to India's GDP by 2025. This would represent a significant contribution to the country's economy and could help to drive growth and development in a number of industries.
Artificial intelligence is expected to add $967 billion to the #Indianeconomy by 2035, and around $450-500 billion to the nation’s GDP by 2025, accounting for 10 percent of the country’s target of $5 trillion GDP. Meanwhile, AI is expected to contribute $15.7 trillion to the global economy in 2030.
The report suggests that AI could be particularly valuable in industries such as healthcare, agriculture, education, and transportation. For example, AI could be used to improve healthcare outcomes by enabling better disease detection and diagnosis, while in agriculture it could help to increase crop yields and reduce waste.
Today's Headline in NewsHours
0:00 Intro
2:41 Income Tax department brings AIS app for taxpayers
3:15 #Deloitte take lease of one million square feet of office in Bangalore
3:45 #Toshiba reportedly accepts $15 bn takeover bid by a consortium
4:20 #Zomato regaining market share with its Gold loyalty scheme
5:50 Madhav Sheth resigns from his position of Realme India CEO
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By VARINDIA| 193 views
5G is an extraordinarily flexible technology that can be used in many sectors. 5G in the telecom industry is one of the great priorities for all players in the sector. It’ll enable faster speeds, lower latency, and more reliable connections than ever before. For telecom companies, this means a need for faster network infrastructure and higher capacity networks.
5G technology is expected to allow more devices to connect to the internet enabling new technologies and applications at lower latency (less than 10ms). Technological innovation has also paved the way for new competitors who are newer and more agile than traditional providers, and this has placed the industry itself in crisis. This includes OTTs, i.e. media companies that offer digital content and services through the Internet without going through traditional distribution systems.
As per Juniper Research, operators will generate $625 billion from 5G services globally by 2027; rising from $310 billion in 2023. The report predicts that this growth of 100% over the next four years will be driven by the migration of mobile subscriptions to 5G networks, and the increasing inclusion of eSIMs in devices such as laptops and Wi-Fi hotspots.
The research forecasts that 80 per cent of global operator-billed service revenue will be attributable to 5G by 2027; allowing operators to secure a return on investment into their 5G networks. However, the increasing implementation of eSIMs into new devices will drive global cellular data traffic to grow by over 180 per cent between 2023 and 2027, as data traffic is offloaded from fixed and Wi-Fi networks to 5G.
“eSIM-capable devices will drive significant growth in cellular data, as consumers leverage cellular networks for use cases that have historically used fixed networks”. “Operators must ensure that networks, including 5G and upcoming 6G networks, are future‑proofed by implementing new technologies across the entirety
By VARINDIA| 118 views
The Wi-Fi 6E routers are the next generation router technology that Indian consumers are going to witness, with this, a new 6 GHz band comes into play. The Wi-Fi 6E standards also come with a new 6GHz radio band that provides a better range and also supports twice as much as the speed of Wi-Fi 6.
With the deployment of 5G, users will need Wi-Fi 6E in their premises to enjoy its features, like enhanced mobile broadband, ultra-low latency and extended support for the IoT.
Wi-Fi 6 spectral efficiency comes from orthogonal frequency-division multiple access (OFDMA)—the same technology used in 5G cellular networks—which, by transmitting more data over any given frequency spectrum, allows a higher information rate within the given amount of bandwidth.
We have witnessed a greater amount of congestion in the network as a result of too many Wi-Fi-enabled devices linked to the same frequency hampers the overall experience. The Wi-Fi 6E also gives the user an option to choose between 2.4GHz, 5GHz, and 6GHz.
WiFi 6E Routers are the next revolutionary routers to look out for in India. WiFi 6E will be a game changer and perfect for smart homes of today and tomorrow. Even more, as WiFi 6E becomes widely used, 6GHz’s short range and greater number of channels will provide an advantage in challenging environments like apartment complexes, sports stadiums, and corporate campuses.
As per sources, several manufacturers have started rolling out Wi-Fi 6E compatible electronic devices. These products have Wi-Fi 6E written on their packaging. The change has started with smartphones, but soon, there will be laptops and tablets, smart TVs and almost any other connected device that supports Wi-Fi 6E.
Consumers need to purchase a new Wi-Fi 6E router to start enjoying the fast internet experience. Wi-Fi 6E will be vital for preventing data congestion due to the massive surge in user devices worldwide.
Going forward, we can expect t
By VARINDIA| 83 views
Today’s threat landscape is transforming at an unprecedented pace. Considering the intensity and effect of the cyberattacks, protecting the enterprises against threat actors is a herculean task. The data from the findings display the reality of where organizations stand in terms of their cybersecurity measure.
The research suggests that 27% of the Executives and 40% of the Chief Security Officers (CSOs) have accepted not being prepared to handle the new and intense cybersecurity threats that are emerging. Staggering data reveals that India alone from Jan 2022 to June 2022 has reported more than 6,74,000 cyberattacks with an estimated 200% YoY growth in the number of attacks.
A report says, organizations failing to counter the immensely evolving threat landscape say that it is important, now more than ever, to understand the switch C-Suite has to make in order to counter the ever-evolving attacks against their organizations. They are failing in being prepared and taking action, due to their traditional approach towards the attacks.
The companies are playing DEFENSE with the threat actors, which at this age and time are valid only for low-level, traditional threats or breaches. When it comes to the current threat landscape, enterprises need to go on the OFFENSE.
A report from Skybox has shown that organizations that have implemented a Risk-Based Cybersecurity approach have seen zero to few attacks. It is such research and analysis that has led Skybox to develop the industry’s most advanced and award-winning risk-based Vulnerability & Threat Management solution.
The report revealed that:
· 48% of organizations that had no breaches in 2021 were leaders in risk-based cybersecurity
· 50% of the top performers in time to mitigate a breach were risk-based approach leaders
· 46% of the top performers in time to respond to a breach were risk-based approach leaders
It is n
By VARINDIA| 84 views
#Cybersecurity and physical security are often treated as two separate sectors. You can see these silos in the way many companies are structured: there is often a Chief Security Officer (CSO) and a Chief Information Security Officer (CISO), or cyber security is treated as a subset of physical security, with the head of information security reporting to the head of security.
However, with cyber-attacks becoming increasingly common, and costing companies an average of $4.24 million per data breach, it’s important that cybersecurity and physical security merge into one department. Online threats are varied and they don’t discriminate organizations from individuals when looking for a target.
Today, the #Cyberthreats are part of every boardroom discussion. #cyberattacks can cause electrical blackouts, failure of military equipment, and breaches of national security secrets. They can result in the theft of valuable, sensitive data like medical records. They can disrupt phone and computer networks or paralyze systems, making data unavailable. It’s not an exaggeration to say that cyber threats may affect the functioning of life.
There is a need for the convergence of cybersecurity and traditional physical security. It has never been simple, mostly because the skill sets necessary for each discipline are so different. CISOs tend to come from the IT side of the organization while CSOs are often either from the security side, former law enforcement, or former military. It can be hard to find a leader with both the technical skills and the physical security mindset needed to bring the two together.
It seems this problem is going to further aggravate and everyone needs to safeguard their own infra with proper back-up plan and they have to decide the protocol on how much content is to be made public and how much to keep private.
We are witnessing Cyberwarfare, where certain Governments around the world are involved in cyberattacks, w
By VARINDIA| 104 views
#Digitaleconomy is the economic activity that is derived from billions of everyday online connections among people, businesses, devices, data, and processes.
For the first time, the 2030 forecast has projected that the digital economy could reach a value of $1 trillion by the end of the decade.
The Growth in the digital economy would see Southeast Asia help define the future of technology globally. Technology has been critical in helping Southeast Asians get through the COVID-19 pandemic.
A report states, the size of the digital economy is in terms of gross merchandise value or the sum of goods sold through customer-to-customer platforms. The report covers Indonesia, Malaysia, Philippines, Thailand, Vietnam, and Singapore, which together account for roughly 90% of Southeast Asia’s total population.
India and Southeast Asia have both grown rapidly in the last decade, thanks to the acceleration of digital adoption and rising consumer incomes. Double-digit growth is forecast for all six countries this year with the Philippines leading the pack at a compounded annual rate of 93%. Last year, India emerged as the third-largest startup ecosystem in the world, after the USA and China. Southeast Asia, meanwhile, is on track to become a $1 trillion digital economy by 2030. The largest economy, Indonesia, could become twice the size of the regional market today.
The upbeat forecast for the region bodes well for countries that are gearing up to use digitalization as the linchpin for their economic recovery from the COVID-19 crisis. Lockdowns and mobility restrictions drove more people in the region to go online to buy food and other essentials, to pay their bills, to continue their studies or work, and even for entertainment. They include those that used such digital services for the first time.
Southeast Asians have embraced the digital lifestyle. Eight in 10 internet users in the region have made an online purchase at leas
By VARINDIA| 141 views
India’s Gross Domestic Product (GDP) can grow from the current $3 trillion to $9 trillion by 2030, and $40 trillion by 2047, if the country’s working-age population — which is expected to increase by over 100 million people between 2020-30, is productively employed, according to a report by the Confederation of Indian Industry (CII). The report also cautioned that if India does not create enough jobs and its workers are not adequately prepared for those jobs, its demographic dividend may turn into a liability. This, it added, can be done on a sustained basis only with changes in its policy frameworks for education and workforce management. Since the job market is biased towards high-skill labour, the creation of jobs for low-skill labour, who would continue to dominate its workforce, will challenge India, it said. In 2020, there were about 900 million people (67% of total population) in the working age group of 15-64 in India, which is expected to expand by another 100 million by 2030, despite a declining trend in fertility rate. This implies that a whopping 24.3% of the incremental global workforce over the next decade will come from India, the report states. “The golden period of 30 years between 2020-50 where our working age population will bulge can be an important horizontal enabler to bolster growth, even as the developed world including China ages,” the report says. Whereas the experts say, India may well surpass the government’s target of $5 trillion GDP by 2025 with a marginal delay.
As part of the ongoing multi-decadal growth super-cycle, India is expected to add a trillion dollar to nominal GDP every few years despite the damaging effects of the Covid-19 pandemic, demonetization and the IL&FS crisis that had shaved off Rs 8.48 trillion in investor wealth crisis over the past four years. This is a trend no investor wants to lose out on,” Experts say. Over the years, India has experienced rising literacy rates, but the level of vocational train
By VARINDIA| 107 views
Cryptocurrency exchanges have become a popular target for cyber criminals. Cyber criminals often deploy ransomware attacks by running code to encrypt data and then demanding payment in the form of cryptocurrency to release it. Since its launch in 2009, Bitcoin has become the world’s best-known and most popular cryptocurrency exchange, with more than 81 million users worldwide. Because Bitcoin lives in the digital world, Bitcoin users can send it anywhere in the world without any banking infrastructure or exchange fees, fostering peer-to-peer financial transactions. As identities can be hidden in Bitcoin wallets, it is the obvious choice for cyber criminals to get what they want and remain anonymous. There are an estimated 106 million people worldwide who now use cryptocurrency exchanges. Created 13 years ago, the first cryptocurrency, Bitcoin, was relatively unheard of for the first years of its existence, only used by a small group who sought to retain a level of transactional anonymity. The second cryptocurrency was not created until two years later, but as of January 2022, there are over 8,000 different cryptocurrencies.
There is growing innovation from attackers in the space of cryptocurrency exchange attacks. Consumers, businesses and governments are finding new ways to use cryptocurrency, but a recent string of cyber-attacks has highlighted security risks and shortcomings. There is rising concern that “there will be a hack and my money will vanish”. According to blockchain analysis firm Chainalysis, the total value of cryptocurrencies held by illicit wallet addresses worldwide soared by 79% last year to $14 billion from $7.8 billion in 2020. Crypto investors lost over $2.8 billion globally to various crypto scams in 2021. Illicit address refers to wallets used for cyber-attacks, Ponzi schemes and other scams. In many instances, cybercriminals use channels such as WhatsApp and Telegram to scam young crypto owners with the promise of doubling their mo
By VARINDIA| 149 views
Blinkit (formerly Grofers) is an Indian instant delivery service. It was founded in December 2013 and is based out of Gurgaon. Customers of the company use a mobile application to order groceries and essentials online. As per the source, Blinkit raised the capital in debt from Zomato, and could raise an additional $300 million from the food-tech company this year. Zomato had previously invested $100 million in the company for a 10% stake in August last year following which it had rebranded itself from Grofers to Blinkit with a specific focus on 10-minute deliveries. Blinkit pioneered 10-minute grocery delivery in India post its $100 million investment in August 2021. Since then, the platform has scaled rapidly to $450 million annual run rate GMV (January 2022 annualised) and now operates with 400+ dark stores across 20 cities in India. 100 percent of Blinkit's business now is in quick commerce format with a median delivery time of less than 12 minutes. As of now, there does not seem to be a sustainable business model for quick commerce companies. Until they start charging users a delivery fee or introduce some kind of a membership subscription plan, it is unlikely that they will manage to improve finances from operations. That could be a potential reason behind why investors are hesitant to pump in additional capital into the company right now,” a top venture capital executive said, requesting anonymity.
Blinkit is set to merge with online food aggregator and delivery platform Zomato that will result in the quick commerce company losing its unicorn tag in less than a year and may dampen investor euphoria around the concept of 10-minute delivery service model. The transaction involves an all-stock deal that values Blinkit between $700 million and $800 million. Zomato connects over 55 million users to restaurants in 24 countries. It is backed by investors Tiger Global, Temasek and other capsule investors. SoftBank Vision Fund holds almost 45% in Grofers
By VARINDIA| 121 views
Amid increasing sanctions and calls for exiting or scaling back businesses in Russia by many global enterprises, some companies and countries have decided to continue their business relations with the country. Russia has drawn up plans to seize the assets of western companies leaving the country as the Kremlin pushes back against sweeping sanctions and the exodus of international businesses since its invasion of Ukraine. The country’s economic ministry said it could take temporary control of departing businesses where foreign ownership exceeds 25%. The cryptocurrency exchanges such as Coinbase and Binance have decided not to ban Russian users from their platforms. As believed by many, cryptocurrency platforms such as these could be used as a way to bypass the sanctions to shield the sanctioned Russian entities against economic and financial isolation. This would undermine the steps taken to make Russia face consequences through non-military means for its invasion of Ukraine. Chinese mobility company, DiDi, after coming under domestic pressure, reversed its previous decision to close down its operations in Russia. In contrast, Nike, Puma, Adidas, Inditex (through its brand, Zara) and Fast Retailing, have all decided to temporarily suspend their operations in Russia. Puma generates about 5% of its total revenue from Russia and Ukraine, while Adidas expects the Russia-Ukraine conflict to put approximately €250 million business at risk. Inditex derives about 8.5% of its global operating profit from Russia.
Another case is the French food company, Danone, which has decided to suspend its investments in the country but to continue manufacturing and distribution activities. The company generates about 6% of its total revenue from Russia. The government of Bangladesh has asserted to continue doing business with Russia, which is building a nuclear power plant (Ruppur Nuclear Power Plant) in the country with financing 90% of the $13 billion project. With Russia out
By VARINDIA| 115 views
