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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102271) | |
22441. Procter & Gamble Sets Up Rs 400 Cr 'India Growth Fund' To Localise Manufacturing
- With a massive investment of Rs 400 crores, this fund would reportedly be utilized to collaborate with local suppliers of raw materials, finished goods and packaging materials, services, and go-to-market innovations.
- Multinational consumer goods corporation, Procter and Gamble (P&G), October 29, announced the establishment of the 'India Growth Fund' under the union government's vision of an AtmanirbharBharat.
- A part of P&G India's 'vGROW' initiative, the fund would be primarily aimed at identifying and partnering with startups, small businesses, individuals in the commercial sector, and larger organisations to offer solutions pertaining to the fast-moving consumer goods industry.
22442. [Funding alert] Leena AI raises $8M in Series A round led by Greycroft
- US and Delhi-based artificial intelligence (AI)-powered employee experience platform Leena AI announced $8 million Series A financing led by Greycroft to expand its go-to-market programmes and accelerate product development.
- Founded in 2018, the company plays well with 20 plus platforms, including SAP SuccessFactors, ADP, Oracle, Workday, and Microsoft Office 365, and companies like Nestle, Puma, AirAsia, Coca-cola, Lafarge Holcim, and Abbott rely on the platform
- Over the past nine months, Leena AI has grown the team to 75 people and brought on more than 100 enterprise customers, including Lafarge Holcim, Abbott, Coca-Cola, AirAsia, Vodafone, Sony Pictures, etc. During this time, Leena AI claims to have added more than 150,000 employees to its platform and grew revenue 350 percent.
22443. Mercedes-Benz invests Rs 400 crore in India to localize models
- Luxury carmaker Mercedes-Benz India has increased its investment in the country by about Rs400 crore over a few months, taking the total investment to Rs2,600 crore.
- Mercedes-Benz has now started local mass production of its AMG model, which will give it a significant cost advantage over imported models. The company now manufactures 11 models in India.
- The automaker has the capacity to manufacture 20,000 units annually. In 2019, the company sold over 13,000 luxury cars in the country — giving it a third of the market share in the sub-40,000 luxury car segment.
22444. Amazon Web Services to invest $2.77B in Telangana for data centres
- Amazon Web Services (AWS) will be investing $2.77 billion (Rs 20,761 crore) in Telangana to set up multiple data centres, Telangana Minister for IT and Industries KT Rama Rao said on Friday.
- Several notable Indian startups such as Swiggy, Zomato, redBus, Ola, OYO, Razorpay, Unacademy, ixigo, etc., are building their products with AWS.
- AWS executives declined to comment on the size of the proposed investment in Telangana, while directing reporters to the minister’s post on microblogging site Twitter
22445. Google को जियो प्लेटफॉर्म्स में 7.73% हिस्सेदारी खरीदने की मंजूरी, भारत में लॉन्च करेंगी स्मार्टफोन
- भारतीय प्रतिस्पर्धा आयोग (CCI) ने बुधवार को कहा कि उसने इंटरनेट क्षेत्र की बड़ी कंपनी गूगल को देश की प्रमुख डिजिटल कंपनी जियो प्लेटफॉर्म्स में 7.73 फीसदी हिस्सेदारी खरीदने के प्रस्तावित सौदे को मंजूरी दे दी. इस साल जुलाई में इस डील का एलान हुआ था. इससे गूगल और जियो प्लेटफॉर्म्स लिमिटेड (JPL) को देश में नए स्मार्टफोन को विकसित और लॉन्च करने की सुविधा मिलेगी.
- जियो प्लेटफॉर्म्स में 33,737 करोड़ रु का निवेश
- रेगुलेटर के पास फाइल किए गए नोटिस के मुताबिक, प्रस्तावित ट्रांजैक्शन से गूगल और JPL को भारत में नया स्मार्टफोन विकसित और लॉन्च करने में मदद मिलेगी. नोटिस के मुताबिक इस समझौते के बाहर गूगल और JPL अपने कारोबार को स्वतंत्र तौर पर करना जारी रखेंगे.
22446. PM Modi Announces 'Parvat Mala' Plan For Hilly Regions On India's Border To Boost Security
- The Union Budget 2022-23 lays emphasis on infrastructural development in the northeast regions and the bordering villages that are crucial for national security, said Prime Minister Narendra Modi on Tuesday, February 1.
- Highlighting the infrastructure push in North-East states, he explained that it would help stop locals' migration for jobs, tackle national security issues, and promote tourism in the hilly regions.
- The Prime Minister further announced that the 'Parvat Mala' scheme will be launched for regions like Himachal Pradesh, Uttarakhand, J&K, and the northeast to facilitate a modern system of transportation and connectivity in hills. He said this will strengthen the border villages that need to be vibrant and are also important in terms of national security.
Click here to find 219 similar incidents of North East India -> Developments in North East India
22447. Budget 2022-23: Rs 100 Crore Allocated For Construction of bamboo links roads in mizoram
- Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget for the year 2022-23, announced that the Government has launched a pilot project for the construction of bamboo link roads at different locations in various districts of Mizoram.
- The Government has allocated Rs 100 crore for the completion of the project.
- The proposed roads are expected to improve connectivity in remote regions and help with transporting bamboo harvests.
Click here to find 816 similar incidents of Focus on States -> North East India
22448. Meghalaya to benefit Rs 100 crore more after increase of Financial Assistance to states
- Centre's vision for Amrit Kaal is aligned without a vision for the Meghalayan Decade,' says Meghalaya CM Conrad Sangma.
- Meghalaya is set to benefit Rs 100 crore more after increase outlay under the Scheme for Financial Assistance to the States.
- A Rs 1,500 cr initial allocation for the purpose to fund infrastructure and social development projects under the new scheme PM Development Initiative for Northeast India.
Click here to find 219 similar incidents of North East India -> Developments in North East India
22449. बेटी बचाओ बेटी पढ़ाओ: लिंगानुपात में लद्दाख देशभर में अव्वल, जम्मू-कश्मीर में भी सुधरी स्थिति
- देशभर में लिंगानुपात के मामले में लद्दाख सबसे अव्वल है। यहां प्रति एक हजार पुरुषों की तुलना में 1125 महिलाएं हैं।
- जम्मू-कश्मीर की स्थिति में भी सुधार हुआ है। अब यहां एक हजार पुरुषों के मुकाबले 923 से बढ़कर 976 महिलाएं हैं
- बेटी बचाओ-बेटी पढ़ाओ, छात्राओं की शिक्षा व कन्या भ्रूण हत्या के मामले में सरकारी प्रयासों का पिछले पांच साल में जम्मू-कश्मीर व लद्दाख में जबर्दस्त प्रभाव दिखा है। यह खुलासा सोमवार को संसद में पेश आर्थिक सर्वेक्षण रिपोर्ट में हुआ है।
22450. Modi government’s big push for J&K: Budget 2022 allocates Rs 35,581 crore to the UT
- The Union Territory of Jammu and Kashmir was on Tuesday allocated Rs 35,581.44 crore in the Budget 2022-23 as part of the central government’s assistance, grants and loans.
- While Jammu and Kashmir has been given Rs 35,581.44 crore for 2022-23, compared to Rs 34,704.46 crore in 2021-22, Ladakh has been given Rs 5,958, the same as in the current fiscal.
- The budget allocated Rs 500 crore as support for capital expenditure of UT, Rs 476.44 crore has been given as grants towards equity for Ratle 800 MW hydroelectric project and Rs 130 crore has been given as grants towards equity contribution for 624 MW Kiru hydroelectric project.