A.P Bags India’s Biggest Foreign Direct Investment

Team TeluguBullet
-
0
A.P Bags India’s Biggest Foreign Direct Investment

It’s going to be one of the biggest achievements for Andhra Pradesh. India’s biggest Foreign Direct Investment has been bagged by the Prakasam district as Indonesia based Paper and pulp is going to invest 8 billion dollars at Ramayapatnam.

Kia Motors in Anantapur district is touted be the biggest Foreign Direct Investment so far but the Indonesia base paper and pulp is five times bigger than Kia. Kia has brought 1.5 billion dollars FDI whereas the new investment has brought 8 billion dollars. In the first phase, the paper mill will employ 15000 members and manufacture 30 lakh tonnes of paper followed by an increase in further 20 lakh tonnes in the second phase.

By this pine and Subabul plantation is going to be encouraged on a high scale and the company will make a direct agreement with 60000 farmers. The company has already submitted its report to the chief minister and an MOU with economic development board of A.P is going to be made soon. The company seems to have quotes 2500 acres of land for this project.

FlipKart Launches Cardless Credit

suma suma
-
0
FlipKart Launches Cardless Credit

Dewali Season just around the corner, Online shopping sites coming up with different plans and huge discounts. Now One of the leading Online shopping website Flipkart has launched cardless credit scheme for buyers that will give customers access to a moment credit line of up to Rs 60,000 to purchase items on the internet e-commerce platform.

dewali season just around the corner

Flipkart and Amazon are wagering enthusiastic about, to pull in more costumers. After Amazon propelled ‘Amazon Pay EMI’, Flipkart has gone with the same pattern with another payment option called Cardless Credit’. As per an announcement from the leading organization, this will enable Flipkart clients to get a instant credit line of upto Rs 60,000 to make their shopping experience affordable with this newly launched programme, while having the capacity to purchase all the more amid Flipkart’s Big Billion Days.The organization stated that their main agenda is simply access to credit card in real time, to simplify more in digital assessment and applications process. The credit can be used by customers to purchase items and products on Flipkart.

flipkart launches cardless credit

Cardless Credit appears as we comprehend that near 45 million clients on Flipkart don’t approach credit, not that they are not entitled to. Cardless Credit will have potential clients including the developing middle class active mobile borrowers who don’t approach Mastercards or credit limits. We will use the comprehension of these clients’ shopping practices and offer credit guaranteeing in a basic and straightforward route, to make their shopping experience affordable,” Ravi Garikipati, Senior VP and head of Fintech Flipkart said in an announcement.

buyers need to sign up for the credit line on flipkart

How Cardless Credit Works ??

Buyers need to sign up for the credit line on flipkart which is very simple application process and can get instant access to credit line which is upto Rs.60,000 based on scores given by flipkart. Once buyer eligible, after check out, flipkart implemented two options to their customers one is either you can choose “Pay Later Next Month” or EMI’s of 3-12 Months. This credit line is eligible to use any product on flipkart and users can pay it back by 15th of next month.

Myntra to Open Retail Stores

Team TeluguBullet
-
0
Myntra to Open Retail Stores

India’s biggest online design retailer myntra now is in discussins with a few shopping center services in top urban communities to open multibrand retails stores, including vast retail stores, people with learning of the advancement said.

myntra

According to ET, Myntra seems to be intending to open smaller 3,000 square feet properties for the beauty care products extend and bigger 20,000 to 30,000 square feet space for opening departmental stores. A portion of the formats the company hope to begin incorporate ‘Myntra Women’, ‘Myntra Sports’ and ‘Myntra Beauty’. The vast majority of these will be kept running on franchise and everyone knows it.

myntra store

Myntra may house their universal brands in the medium measured 10,000 to 12,000 square feet stores and the bigger 20,000 square feet or more might be intended for the departmental stores organize which may rival the current players like Lifestyle and Shoppers Stop. Myntra is additionally in talks for a comparable manage UK mold mark Dorothy Perkins,.

Jio To Offer 1100 GB At 100Mbps Broadband Connection In 30 Cities

suma suma
-
0
Jio To Offer 1100 GB At 100Mbps Broadband Connection In 30 Cities

Jio Broadband Connections In 30 Cities

Posted [relativedate] at [relativetime time_format=”H:i”]

After disrupting the Indian telecom market, Jio is preparing its plans to disrupt the broadband sector too. Until now state-owned BSNL, Airtel, Act Fibernet, TATA Communications, and other small players have been controlling the Indian broadband customer. Despite the current competition, business experts believe that there is still a lot of untapped market in the broadband sector.

Trying to take advantage over all the broadband players, Jio is planning to offer 1100 GB at 100Mbps to its broadband users. Once the users hit the 100GB mark, they can avail free data as 40GB data packs with top-ups for 25 times. Currently, the service is being tested in Ahmedabad, Chennai, Jamnagar, Mumbai, New Delhi, and other key cities.

In the above-mentioned cities, Jio if offering broadband services by collecting a deposit of Rs 4,500 form the customers. Jio is planning to launch its broadband services nationwide by the end of the 2nd quarter this year. The monthly charge is yet to be decided, and many believe that it could be around Rs 700 – Rs 800 bracket.

Some More Interesting New:

2,486 ATMs Closed In 10 Months!

suma suma
-
0
2,486 ATMs Closed In 10 Months!

ATMs Are Closed In Ten Months

Posted [relativedate] at [relativetime time_format=”H:i”]

Adding to the cash woes faced by the people, the PSBs (Public Sector Banks) have already shut a part of their ATM network permanently. According to the data available with the Reserve Bank of India, more than 2,000 ATMs of various banks have been shut down permanently.

The ATM-shutdown program continued from 2017 May to 2018 February, for a period of 10 months. It is during this time, the 2000 ATMs were shut. As of May 2017, the number of ATMs in the country totaled to 110,116. While as of 2018 February, the ATMs number in the country slipped to 107,630. The reason behind the shutting down of these ATMs is known to be ‘reduction of costs’.

Bank of India 208 ATMs, Canara Bank 997 ATMs, Central Bank 344 ATMs, and Punjab National Bank 1,122 ATMs have been shut down during this period. At a time when the banks are amassing huge revenues in the name of service fees, and various other fees by continuously sucking the money from the customers, it is shocking to see the banks shutting down the ATMs in an attempt to reduce operating costs.

Some More Interesting New:

RBI Gives A Shock To Axis Bank!

suma suma
-
0
RBI Gives A Shock To Axis Bank!

RBI Drops Axis Bank From List Of Bullion Importers

Posted [relativedate] at [relativetime time_format=”H:i”]

In recent times, Reserve Bank of India has been giving shockers to the Indian banks. In its latest measures, RBI has refused to extend the license of Axis Bank for bullion imports. Axis Bank is one of the leading bullion importers in India.

This time around, the RBI has issued licenses to 16 banks. The reasons are still are unclear why Axis Bank has been refused its license. Along with Axis Bank, Karur Vysya Bank and South Indian Bank were also refused their license. The list of 16 banks that have been granted the license to import bullion has been released by RBI after Monday midnight.

HDFC Bank, Bank of Baroda and Bank of Nova Scotia have been issued the license to import bullion. Both Axis Bank and Reserve Bank of India officials were unavailable to comment on the latest development. Meanwhile, market analysts stated that the fraud that took place post-demonetization might have had an impact on Axis Bank.

Some More Interesting New:

Saha Scores World’s Fastest Century; In Just 20 Balls!

suma suma
-
0
Saha Scores World’s Fastest Century; In Just 20 Balls!

Saha Innings Had 14 Sixes And Four Boundaries 

Posted [relativedate] at [relativetime time_format=”H:i”]

West Indies batsman Chris Gayle is often known as the world’s most explosive batsman. If the Jamaican is on the song, no bowler stands a change, and the boundaries appear to be smaller. Such is his sheer power, and bat swing. As expected, he holds the record for the fastest century in professional cricket.

He scored a century off just 30 balls in an IPL League match on 23rd April 2013. The match took place between Royal Challengers Bangalore and Chennai Super Kings. With his 30-ball-100, Gayle broke the record of Andrew Symonds who has a 34-ball-100 to his name. Symonds achieved the feat on 2nd July 2004.

Who would have possibly thought that Wriddhiman Saha, who is not known for pinch hitting would surpass Gayle’s record? That too not by a ball or two, but by 10 balls, or in 2/3rd balls taken by Gayle. Playing in the JC Mukherjee Trophy, the match took place between Saha’s Mohan Bagan and Nagpur Railways.

With a target of 152 runs, Mohan Bagan came to bat. Saha who opened the innings scored a 20-ball-100, with 14 sixes, 2 fours and 2 singles. The team chased down the target of 152 in just 7.2 overs. What’s more surprising is that Saha hit 6 sixes in an over. That over went for 37 runs, thanks to a wide bowled by the bowler.

Some More Interesting New:

Electric Vehicles To Be Seen In Hyderabad?

suma suma
-
0
Electric Vehicles To Be Seen In Hyderabad?

Electric Vehicles To provide Connectivity To Hyderabad

Posted [relativedate] at [relativetime time_format=”H:i”]

The people of Hyderabad are expected to see electric vehicles on the roads of Hyderabad, going by the latest announcement from Telangana Minister KTR. Speaking in the assembly today, he said that, electric vehicles will be a reality in Hyderabad.

‘We are trying to encourage electric vehicle usage in Hyderabad in the coming few years. This will be done in multiple phases. Hyderabad is a great city, and there is no denial in that. At the same time, pollution has become a major problem in the city.

To reduce carbon emissions, and move towards a cleaner Hyderabad the government has taken by this initiative. We are working with different companies to see how we can implement this idea. At the same time, the government is also committed to development other cities in Telangana.

Rs 1000 crores have been allocated for development in 43 cities (in Telangana). We are also setting up a Waste Treatment Plant in Warangal and Hyderabad. In the next four years, we want to make Hyderabad the best city in India’, said KCR.He also stated that the government is going to build 826 modern bus shelters for people’s convenience by this year-end.

Some More Interesting New:

India Warns Facebook Founder Mark Zuckerberg

suma suma
-
0
India Warns Facebook Founder Mark Zuckerberg

India Influenced Facebook Founder Mark Zuckerberg

Posted [relativedate] at [relativetime time_format=”H:i”]

Minster for Electronics, and Information Technology, Ravi Shankar Prasad warned Facebook founder, CEO Mark Zuckerberg over the recent Facebook Data Scandal. Addressing a special press gathering, Ravi Shankar Prasad said, ‘We will not spare any attempts to influence Indian Election System. Be it Facebook, or any other social networking platform.

If required we will take strict actions against those who attempt such unethical, and illegal practices. At the same time, the government is also is support of freedom of the press’, and freedom of expression in the country.

Currently, more than 200 million Indians are using Facebook. After the US, India is the largest market for Facebook. We welcome Facebook in India. But, if it comes to the notice of IT department that, data of Indian users are being harvested illegally, and is used to influence the Indian Election System, they will have to face dire consequences’.

Under the IT law, we can issue notices to anyone in the world making them come down to India. They will be strictly prosecuted, added Ravi Shankar Prasad.The Minister’s comments come after the ‘Cambridge Analytica’ data scandal came to light.

Some More Interesting New:

Delete Your Facebook Accounts – WhatsApp Co-Founder

suma suma
-
0
Delete Your Facebook Accounts – WhatsApp Co-Founder

WhatsApp Co-Founder Tells Everyone To Delete Facebook

Posted [relativedate] at [relativetime time_format=”H:i”]

Facebook bought WhatsApp in 2014 for $19 Billion. Post that buyout, WhatsApp co-founders Brain Acton and Jan Koum have been continuing in the company. Earlier this year, Acton quit the company in January, after wanted to start a new company foundation.

In such situation, Brain Acton came up with a controversial tweet. He asked everyone to delete their Facebook account. In his short and sweet tweet, he said, ‘It is time. #deletefacebook’.

The tweet came from Brain Acton after New York Times exposed that political campaigning company Cambridge Analytics harvested data of over 50 million Facebook users without their permission. The news plunged Facebook’s stock, and this tweet is expected to affect Facebook’s stock price in the coming week.

It is worth noting that, Cambridge Analytics is the one which handled Donald Trump’s presidential campaign. The whole ‘leak’ came to light after Data Scientist Christopher Wiley, who worked closely with Cambridge University Psychologist Alexander Kogan, went public about Cambridge Analytics misdoings.

It was Alexander Kogan who played a vital role in developing the app that stole the user’s data from Facebook. He also stated that he would co-operate with Facebook, and will testify in front of the Congress.

Some More Interesting New:

1...438439440441Page 439 of 441