Reliance Jio Introduces JioCinema Premium Plan From Rs 29

Brief by Shorts91 Newsdesk / 05:17am on 25 Apr 2024,Thursday Business

Reliance Jio introduces JioCinema Premium, offering ad-free streaming starting at Rs 29/month. Subscribers get 4K quality and offline viewing. Content includes Exclusive Series, Movies, Hollywood, Kids, and TV. Family plan at Rs 89/month allows simultaneous viewing on four screens. Existing members automatically upgraded to Family plan at no extra charge. Jio aims for multi-segment consumption across Indian households. Accessible on any device, including Connected TVs.

Read More at The Times Of India

EU Detects Cancer-Causing Chemical in 527 Indian Food Items, Including Nuts and Spices

Brief by Shorts91 Newsdesk / 07:40pm on 24 Apr 2024,Wednesday Business

European Union's food safety authorities have flagged 527 Indian food items for containing ethylene oxide, a cancer-causing chemical. Most affected products include nuts and sesame seeds (313), herbs and spices (60) such as turmeric, cumin, and coriander, and dietetic foods (48). Ethylene oxide, used for sterilization, poses health risks including lymphoma and leukemia. While 87 consignments were rejected at the border, many were removed from markets later. Experts emphasize the need for safer alternatives and urge government intervention. Despite warnings and advisories, including from the Spices Board in 2021, Indian products have not met the EU's safety standards, with concerns over exposure to ethylene glycol and other toxic byproducts persisting.

Read More at Deccan Herald

Reliance, Led by Mukesh Ambani, Plans a Major Announcement on April 25, Unveiling a New Free Service

Brief by Shorts91 Newsdesk / 05:29am on 24 Apr 2024,Wednesday Business

Mukesh Ambani, India's wealthiest individual, heads Reliance Industries and Jio, the country's largest telecom provider. His JioCinema secured IPL streaming rights for five years, offering it for free with ads. Now, JioCinema plans to introduce an ad-free subscription on April 25, teasing it during IPL matches. Current subscriptions cost Rs 999 annually or Rs 99 monthly. Despite free IPL streaming, revenue comes from ads and data usage. JioCinema's lower ad rates attract more advertisers. With Jio being the top telecom operator, Ambani benefits from increased data usage during IPL. Reliance Jio also introduced special IPL plans for seamless streaming.

Read More at DNA

Tata Electronics Ventures into High-End Chip Production, Plans 14nm Technology at Gujarat Plant

Brief by Shorts91 Newsdesk / 02:39pm on 23 Apr 2024,Tuesday Business

Tata Electronics, in collaboration with PSMC, ventures into advanced chip production with plans to manufacture 14nm technology at their Gujarat plant. The Rs 91,000-crore semiconductor facility aims to produce energy-efficient, powerful chips for various applications. With orders up to capacity level for 28-90nm chips, scaling up to 14nm opens new opportunities. The Dholera fab, expected to commence operations by 2026, targets industries like computing, electric vehicles, and defense. Additionally, Tata Group invests Rs 27,000 crore in an ATMP project in Assam, contributing to job creation and advancing India's semiconductor ecosystem.

Read More at Financial Express

Indigo's Air Taxi Service Set to Revolutionize Delhi-Gurgaon Commute

Brief by Shorts91 Newsdesk / 04:52pm on 21 Apr 2024,Sunday Business

Indigo's air taxi service, set to launch in 2026, promises swift travel between Delhi's Connaught Place and Gurgaon in just 7 minutes. With an investment of $1 billion, Archer Aviation will supply 200 electric aircraft for the venture. Powered by quick-charging batteries, these taxis aim to ease traffic congestion and reduce travel time drastically. Costing between Rs 2,000 to Rs 3,000 per trip, they offer a convenient alternative to the 90-minute road journey, priced at Rs 1500. With plans to expand to Mumbai and Bengaluru, this initiative signals a leap forward in urban mobility.

Read More at News18

Rohan Patel, Key Figure in Tesla's India Plans, Exits Days before Elon Musk's Visit Postponement

Brief by Shorts91 Newsdesk / 12:53pm on 20 Apr 2024,Saturday Business

Rohan Patel, Tesla's VP of public policy and business development, exits days before Elon Musk postpones India visit, citing "very heavy Tesla obligations." Musk's trip aimed to expand Tesla's market in India with a potential $2-3 billion investment for a manufacturing plant, aligning with PM Modi's Made in India initiative. Patel's departure raises questions about Tesla's India strategy. Amidst reports of shelving affordable EV plans and tumbling shares, Tesla faces challenges in a competitive market. Musk awaits regulatory approvals for Starlink project in India, as uncertainty looms over Tesla's future endeavors.

Read More at Hindustan Times

Elon Musk Postpones India Visit, Citing "Very Heavy Tesla Obligations"

Brief by Shorts91 Newsdesk / 12:16pm on 20 Apr 2024,Saturday Business

Tesla CEO Elon Musk postpones his India trip, where he was set to meet Prime Minister Narendra Modi and startup founders, citing "very heavy Tesla obligations." The visit, anticipated to unveil Tesla's entry plans into India, is postponed to later this year. This decision follows Tesla shareholders' reaffirmation of Musk's $56 billion compensation, previously rejected by a Delaware judge. Musk's delay comes amid India's consultations with auto industry players, including Tesla, to operationalize new Electric Vehicle (EV) policy guidelines. The policy aims to attract investment in EV manufacturing, facilitating Tesla's entry into India's burgeoning automotive market.

Read More at The Indian Express

Bitcoin 'Halving' Reduces the Amount of New Coins Available, Making it Harder for Miners

Brief by Shorts91 Newsdesk / 07:24am on 20 Apr 2024,Saturday Business

The much-anticipated Bitcoin software update, known as the "halving," has been completed. This event, occurring once every four years, has cut in half the mining reward for Bitcoin miners. This reward is the amount of Bitcoin released for validating transactions. The modification took effect at 8:10 p.m. New York time on Friday. Despite this significant change, the price of Bitcoin remained relatively stable, hovering around the $64,000 mark. This development could impact companies reliant on ensuring the smooth operation and security of the digital currency.

Read More at The Times Of India

Elon Musk to Unveil $3 Billion Investment Plans for India, Including New Tesla Factory

Brief by Shorts91 Newsdesk / 12:39pm on 17 Apr 2024,Wednesday Business

Tesla CEO Elon Musk is poised to announce a $2-3 billion investment in India, primarily for a new factory. Scheduled to meet Prime Minister Narendra Modi, Musk's visit coincides with Tesla's global challenges. India's growing electric vehicle market and recent policy changes make it an opportune time for Tesla's entry. Musk's itinerary remains undisclosed, but he is expected to reveal investment details during the visit. Tesla's interest in India has long been evident, and recent policy shifts aim to facilitate its entry into the market.

Read More at India Today

Raghuram Rajan: Young Indians Exhibit 'Virat Kohli Mentality', Seek Global Markets

Brief by Shorts91 Newsdesk / 08:17am on 17 Apr 2024,Wednesday Business

Former RBI Governor Raghuram Rajan highlights that young Indian entrepreneurs, with a 'Virat Kohli mentality', are increasingly moving abroad for business opportunities. Rajan notes they seek easier access to global markets, indicating dissatisfaction with India. He stresses the importance of enhancing human capital and skill sets domestically. Speaking at a conference on India's economic advancement, Rajan underscores the need to capitalize on the demographic dividend effectively. He criticizes current growth rates, urging job creation to fully harness India's potential. Rajan's insights shed light on the challenges and opportunities facing India's youth in the global economy.

Read More at India Today

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