SBI Profit Jumps Over Four-Fold To Rs 3,581 Crore In March Quarter !!

State Bank of India (SBI) – the country’s largest lender by assets – on Friday reported a net profit of Rs 3,580.81 crore for the quarter ended March 31. That marked a surge of more than four times compared to its profit of Rs 838.40 crore in the corresponding to period of a year ago. The financial results by State Bank of India (SBI) come at a time when the country is in the 5th  phase of a nationwide lockdown to battle the spread of the coronavirus pandemic, which has battered the…

Government In Talks With Banks To Provide Loans To Small Businesses At Up To 8% Interest !!

The government is negotiating with banks to give loans to the small businesses at a lower interest rate of around 7.5-8 %, Minister of State for Finance and Corporate Affairs Anurag Singh Thakur said on Friday. He was interacting with the MCCI members on a webinar where he heard the concerns of the members about overcoming the COVID-19 induced crisis on the economy and human lives. Adequate & cheaper credit is the mainline demand of the industry in these difficult times. Regarding schemes of the government where it provides a…

Jio Platforms to raise Rs 13,640 crore more from Mubadala, Silver Lake !!

Jio Platforms is set to raise Rs 13,640.4 crore by selling a 1.85 Per cent stake to Mubadala Investment Co., Abu Dhabi’s second-largest sovereign investor, and an additional 0.93 Per cent stake to US private equity player Silver Lake  and its co-investors. This is the sixth tranche of investments in six weeks for the digital and telecom business unit of Reliance Industries. The investment of Rs 9,093.6 crore from Mubadala is a fresh one and was announced early on Friday, and helped push the shares of RIL to an all-time high….

First look of PM Modi’s new plane, Indian version of ‘Air Force 1’ !!

Unlike the President of the United States, who has a special plane designated called ‘Air Force One’, the Prime Minister and President of India travel in a commercial Air India plane code-named ‘Air India One’. However, this is to set the change soon as aircraft manufacturing company Boeing soon will be delivering two special aircrafts for India that will be used for international travel of the Prime Minister, President, and Vice President. Watch the first look and know about the special features of this plane.

International Yoga Day 2020 To Be Celebrated On Digital Media Platforms Due To COVID-19 !!!

New Delhi:  In view of the COVID-19 pandemic, this year’s International Yoga Day would be celebrated on behalf of digital media platforms and there would be no mass gatherings, the government has said. This year’s theme will be ‘Yoga at Home and Yoga with Family’. People will be able to join the Yoga Day celebrations virtually at 7 am on June 21. Indian Missions abroad are trying to reach out to the people through digital media as well as through the network of institutions which support yoga, officials said. The…

Reddit Co-Founder Resigns. Wants A Black Candidate To Take Over !!

  Reddit co-founder Alexis Ohanian on Friday resigned from the social network firm’s board and sought to be replaced by a black candidate. Following Ohanian’s post on Reddit, the company’s Chief Executive Steve Huffman said the company would “honor” his request and is working to strengthen its content policy to combat racist speech on its platform. Ohanian’s decision to step down comes at a time when the United States is witnessing widespread protests against racism and police brutality after an unarmed African American, George Floyd, died at the hands of…

Renewable electricity costs plummet, rendering coal uneconomical !!

The cost of electricity generated from renewables plunged in 2019, making fossil fuel plants increasingly uneconomically, a report has claimed. The International Renewable Energy Agency (IRENA) said that more than half of the renewable capacity added in 2019 achieved lower power costs than the cheapest new coal plants. On average, new solar and onshore wind power cost less than keeping many existing coal plants in operation and auction results show this trend accelerating. IRENA said this “reinforced” the case to phase-out coal entirely. Next year, up to 1,200 Gigawatts (GW)…

You may need permission to embed someone’s Instagram post or you could be sued !!

Instagram lets you embed posts from any public account on the platform. This may however get difficult as you may need to get the permission to embed someone’s Instagram post. This new development was confirmed by Instagram itself following a lawsuit was filed by photographer Elliot McGucken against Newsweek for embedding his Instagram’s post. Newsweek on not getting to license the photo taken by McGucken, decided to instead embed his Instagram post on their website. Newsweek cited Instagram’s terms of services which gives the company a copyright license along with…

And… Mitron is back on the Google Play Store !!

Mitron, the Indian alternative to TikTok, was pulled off the Google Play Store on June 2. “We don’t allow apps that merely provide the same experience as the other apps already on Google Play. Apps should provide value to users through the creation of unique content or services,” Google explained. Mitron was inherently identical to the very popular short video streaming app TikTok.  However, the app is back on the Play Store now.  Google has said yesterday – “We’ve given this developer some guidance and once they’ve addressed the issue…

Microsoft Edge beats Mozilla Firefox to become 2nd most popular browser !!

  Microsoft’s efforts to get back in the browser has worked with Edge becoming the 2nd most popular globally. Microsoft Edge has managed to beat Mozilla Firefox, according to NetMarketShare’s March report. Microsoft Edge now has 7.59 per cent share in the desktop browser segment. Firefox has taken the third position with 7.19 per cent  followed by Internet Explorer with 5.87 per cent  market share. Google Chrome still leads with a mammoth 68.5 per cent market share overall. Edge browser’s competition will most likely be with Firefox considering Chrome is practically untouchable right now….