business

SAFAR unveiled at Chandni Chowk

SAFAR unveiled at Chandni Chowk
Minister for Science and Technology, Harsh Vardhan has unveiled the 1st of a kind Air Quality and Weather Forecast System, SAFAR at Chandni Chowk in Delhi. The system will measure regular air quality parameters such as PM2.5 & PM10, levels of sulphur dioxide, nitrogen oxides, carbon monoxide & benzene. The station will provide online information about ultrafine particles PM1 & mercury.

PhonePe acquires Zopper Retail

PhonePe acquires Zopper Retail
PhonePe has acquired Zopper Retail as part of its strategy to aggressively ramp up its offline business. Zopper Retail is a hyper-local Point of Sale (PoS) platform for small and medium businesses. PhonePe is a Fin-Tech company that provides online payment system based on Unified Payments Interface. Flipkart is the parent company of PhonePe.

Manufacturers print buy back price on bottles

Manufacturers print buy back price on bottles
In a bid to comply with new regulations, leading beverage makers such as Coca-Cola, Pepsi and Bisleri have begun printing a buyback value on all their PET bottles sold in Maharashtra. Consumers will be able to return the plastic bottles after consumption and will be paid back according to the value printed on the bottles. Most beverage makers have settled on Rs 15 per kg for the bottles.

NASA launches online toolkit

NASA launches online toolkit
NASA has launched an online toolkit to make it easier for users to find, analyse and utilise the most relevant satellite data for their research, business projects or conservation efforts. The “Remote Sensing Toolkit” provides a simple system that quickly identifies relevant sources based on user input. The toolkit is designed to help users search for data as well as code to build new tools.

BoB inks pacts with ten companies

BoB inks pacts with ten companies
Bank of Baroda signed agreements with 10 companies promote micro and small business entrepreneurs. These companies are from e-commerce, logistics, service providers and traditional small business which contribute 31% to GDP and 45% of exports and employ over 100 million. These MoUs with will help enhance the bank’s footprint in the MSME eco-system.

Amazon hits $900 billion valuation

Amazon hits $900 billion valuation
Amazon.com’s stock market value reached $900 billion for the first time in its 20 year history. It has now become only the second company after Apple to achieve this milestone. The Current market cap of Amazon.com stands at $902 billion as of 18th July 2018. Apple is currently the world’s most valuable company with a market cap of $935 billion.

10th edition of Delhi Dialogue in New Delhi

10th edition of Delhi Dialogue in New Delhi
The 10th edition of the Delhi Dialogue begins in New Delhi. The theme of the event is ‘Strengthening India-ASEAN Maritime Co-operation’. Political leadership, officials, diplomats, business leaders, think-tanks and academicians from India and the ASEAN Member States participated in Event. Association of Southeast Asian Nations is a group of 10 nations with General Secretary Lim Jock Hoi.

EU, Japan sign worlds biggest free trade deal

EU, Japan sign worlds biggest free trade deal
The European Union and Japan signed a huge free trade deal that cuts or eliminates tariffs on nearly all goods. The agreement covers 600 million people and almost a third of the global economy. It will remove tariffs on European exports such as cheese and wine. Japanese automakers and electronics firms will face fewer barriers in the European Union.

Malhotra to head Investment Banking of HSBC

15 : The Hongkong and Shanghai Banking Corporation Limited (HSBC) has appointed Amitabh Malhotra as the Head of Investment Banking for HSBC India. Amitabh will lead the Investment Banking and Equity Capital Markets business. Prior to HSBC, Amitabh worked at Rothschild India, where he was the co-head and managing director of the Global Investment Bank, based in Mumbai.

AP tops ease of doing business ranking

Andhra Pradesh has topped the ease of doing annual business ranking of states and Union Territories by the World Bank and Department of Industrial Policy and Promotion. Telangana and Haryana are at the second and third positions respectively. DIPP in collaboration with World Bank conducts an annual reform exercise for all States/UTs under the Business Reform Action Plan (BRAP).