Blog - Page 62 of 63 - Daily News Capsule

The government has decided to shut two pharma undertakings and divest other three

11Feb

By Anjali VedNo Comments

The government has decided to shut two pharma undertakings and divest other three

The Government of India has decided to shut two pharma public undertakings and deprive the other three of all possessions, Sadananda Gowda said, minister of chemicals and fertilizers on Tuesday in parliament. "There are five PSUs(public sector undertakings) in the department of pharmaceuticals, out of which the government has decided to shut two, namely, Indian drugs and pharmaceutical Ltd (IDPL), and Rajasthan drugs and pharmaceutical Ltd (RDPL), he further said", in response to a question in Lok Sabha. The government also judiciously divest the other three, namely, Hindustan antibiotics Ltd (HAL), Bengal Chemicals and Pharmaceuticals Ltd (BCPL), and Karnataka Antibiotics and Pharmaceuticals Ltd (KAPL), he added. The employees of IDPL and RDPL have been offered vo...

Koo, The AtmaNirbhar Version of Twitter Application

11Feb

By Nikita Dhyani1 Comment

Business, Entertainment, Finance, news, Politics

Koo, The AtmaNirbhar Version of Twitter Application

Koo is India's Answer to Twitter however it Must Ensure it Doesn't Become a Clone of Parler. Koo is a micro-blogging platform that was launched by a Bengaluru-based startup co-founded by Aprameya Radhakrishna, who is also its CEO, and an alumnus of the Indian Institute of Management Ahmedabad. It was launched in March 2020. But after many politicians and celebs joining it, it is now being seen as an Indian alternative on Twitter. Like Twitter, Koo is used to expressing thoughts and opinions on various topics. Users can follow each other, take surveys and share photos, audio, video on Koo as they do on Twitter. The Koo app also has DMs like Twitter so that users can chat with each other. Koo has seen over 1 lakh daily downloads in the last 48 hours and now expanded its user base to a...

UAE becomes first Arab country to successfully reach at Mars

10Feb

By MadhviNo Comments

Science

UAE becomes first Arab country to successfully reach at Mars

The UAE becomes the first ever Arab country to successfully arrive at mars. The space probe was inserted into martian orbit at 3.57 PM as According to UK time on Tuesday. The space probe named ( Amal in Arabic) or ‘’hope’’ completed the flight of seven months covering more than 493 kilometres to enter into Mars orbit. This mission makes the united Arab emirates the first Arab nation to reach at the orbits of mars and the 5th space agency to reach over there after the united states, Russia, the European space agency and India itself. Although the china’s Taiwan spacecraft, which is also expected to insert into mars orbit at the upcoming month of April. The spacecraft itself is designed and researched at the three universities of america i.e. the university of Colorado boulder, Arizon...

Why India is banning Bitcoin instead of the hype in the financial market?

10Feb

By Ayushi Sharma1 Comment

Blockchain

Why India is banning Bitcoin instead of the hype in the financial market?

The Indian Government is planning to cut Bitcoin and other cryptocurrencies that are regulated by private companies. This step is taken by the government due to the lack of adequate laws to manage cryptocurrencies. Anurag Singh Thakur, a junior minister in the finance department has proposed to Parliament that SEBI and RBI do not have a legal framework to regulate cryptocurrencies. Cryptocurrencies are volatile in nature, they are not currencies, assets, securities, commodities used by identified users. This makes it really difficult to keep a record of transactions without a uniform legal law and order. Shiv Sena MP Sanjay Raut said, "...the government does not approve of cryptocurrency legal tender or coin and will soon be eliminating all the crypto-assets in financing illegal activit...

Johnson & Johnson is approaching India for manufacturing covid vaccines

10Feb

By Anjali VedNo Comments

health and wellness

Johnson & Johnson is approaching India for manufacturing covid vaccines

As of Tuesday, February 9, the Government official Vinod Kumar Paul, NITI Ayog member, health and nutrition, said at a conference that Johnson & Jonson, the US giant is interested in manufacturing covid vaccine in India. “ There is no concern over the effectiveness of AstraZeneca’s Covishield vaccine, which is being used in the country for the gigantic inoculation campaigns in the country”, he added. The question clicked, it that why J&J is showing interest in covid vaccine production not in the US, but in India too? Hence, the J&Jvaccine is a single shot vaccine, unlike other covid vaccines that require two shots, hence J&J wants to make it more convenient for people and the government to deliver it to a massive number of people. The vaccine known as the Ja...

Audi to launch its best EV ever made: e-tron GT

10Feb

By Harsha KashyapNo Comments

Latest Bikes and Cars

Audi to launch its best EV ever made: e-tron GT

The luxury car manufacturer in Germany has removed the wraps from its e-tron GT, which aims to raise performance levels by several notches while mutating concerns about range anxieties that are often prevalent with electric vehicles. With 470 hp of peak power, the Audi e-tron GT is the most powerful EV the car manufacturer has ever produced. Opt for the variant of the RS - yeah, that's also there, and the number leaps to 590 hp. In both models, the inclusion of an overboost mode brings the number up to 522 hp and a startling 637 hp, respectively. Since the Audi e-tron GT can weigh about 5,100 pounds or 2300 kilos, it can sprint to add shame to weight watchers. 100 kmph is available in the RS version in 4.1 seconds and 3.3 seconds. In overboost mode, there is a total of 630...

Muthoot Finance Q3 net rises 17% year over year on vigorous Gold Loan Portfolio Growth

10Feb

By Nikita DhyaniNo Comments

Business, Finance

Muthoot Finance Q3 net rises 17% year over year on vigorous Gold Loan Portfolio Growth

Muthoot Finance on Tuesday reported a consolidated net profit of Rs 1,006.6 crore in the third quarter. NBFC Muthoot Finance on Tuesday reported a 17% year-on-year increase in its third-quarter consolidated net profits to Rs 1006.6 crore with its gold loan portfolio growing vigorously. The financial organization, which likewise operates loan, microfinance, and protection broking auxiliaries, said the net benefit of the gold loan division, Muthoot Finance (MFIN), expanded 22 % YoY to meet Rs 991 crore. Managing director George Alexander Muthoot said, “We had an interesting third quarter with several achievements. Our standalone loan assets of Muthoot Finance have crossed the landmark of Rs 50,000 crore. Our active customers presently having a loan account too crossed the landma...

Prime Minister Modi invites the US president Joe Biden and first lady to visit in India

9Feb

By Madhvi2 Comments

Politics

Prime Minister Modi invites the US president Joe Biden and first lady to visit in India

The first telephonic conversation took place between PM Modi and US president Joe Biden on Tuesday morning. PM Modi conveyed his best wishes and warmest congratulations to US president Biden. This is the first interaction that has happened between the US president Joe Biden and PM narendra Modi after the inauguration presidential ceremony since 20 January. Modi also took the opportunity to invite Biden and the first lady to visit India at their earliest convenience. According to the ministry of external affairs (MEA), both the leaders discussed the US- India partnership terms and relations among the countries. They have the common ideas and commitment towards the democratic peace and interests. Although they both are looking forward to working in the US - India’s strategic relationship...

India gifted first batch of covid-19 vaccine to Afghanistan

9Feb

By Anjali VedNo Comments

health and wellness

India gifted first batch of covid-19 vaccine to Afghanistan

Afganistan received COVIDSHIELD vaccine boxes on Sunday donated by the Government of India. On Sunday over half a million vaccines were hand over to Afghanistan as a gift to officials of Afgan, and a compassionate gesture was described by Afghanistan for the good cooperation and generosity of New Delhi with Kabul. On the consignment of donation of covid-19 vaccine from India to the people of Afghanistan, the Indian embassy in Kabul tweeted” India’s charge d’Affairs Raghuram S handed over the consignment of covid vaccine to Wahid Majrooh, acting minister of public health, it said. In a short statement, the Afghan Foreign Ministry conveyed its genuinity and gratitude for the relief and first shipment of covid vaccine by Afghanistan’s generous supporter and strategic partne...

What investors have to say about Tesla’s $1 Billion Dollar investment in Bitcoin?

9Feb

By Ayushi Sharma2 Comments

Blockchain

What investors have to say about Tesla’s $1 Billion Dollar investment in Bitcoin?

The document released by Tesla said; “We updated our investment policy to provide us with more flexibility to further diversify. And maximize returns on our cash that is not required to maintain adequate operating liquidity,” Tesla has bought $1.5 Billion Bitcoin after updating the company’s investment policy to promote digital assets, a filing is done under SEC (Security Exchange Commission). This is definitely a risky move for a company or for the world’s richest man Elon Musk to make such a big investment in the times like these. The price of Bitcoin has risen nearly $8000 or say 18.75% in just a day time after the announcement made by Tesla. But some investors fear that going all crypto could damage its climate bonafide and its reputation among the existing customers. In fact on...