Bankrupt Rolta India wants to buy Patanjali
Baba Ramdev's company Patanjali now seems to be venturing into the real estate business as Patanjali Ayurveda is in the fray to buy bankrupt Mumbai-based IT solution company Rolta India. Nine companies including Patanjali are in the fray to buy the Rs 413 crore debt-ridden company. Patanjali's competition is a Pune-based developer. Patanjali has placed an offer of 830 crores while the offer of the Pune company is 760 crores. It is said that Patanjali has an eye on the company's lands.
India's own container shipping line
Increasing piracy in the night sea has become a matter of concern. India's exports may suffer in the long run. The cost of insurance on shipping has increased due to the fear of piracy. Under these circumstances, if India's own container shipping line is prepared, sales can also be kept on it and pirates can also be avoided. When any maritime transport crisis arises, it should be considered that India's export business will not be affected. If this is done, India can save 50 billion dollars a year.
Beware of misleading advertisements of coaching classes
As students are attracted towards their coaching institutes, they are lured through various advertisements. Under the Central Consumer Protection Act, the government has now decided to take action against classes that lure students by misrepresenting their coaching classes. Guide lines have also been set for how coaching classes can be advertised.
Business woman net worth of 600 crores
Namitha Thapar, who has a net worth of 600 crores and a mansion of 50 crores, is the executive director of Amcure Pharmaceuticals. He is an investor in Shark Tank. He is the richest judge in Shark Tank. She is fond of new car models and has a large fleet of luxury cars. She is counted among the successful business women. It is also effective in the pharmaceutical field.
Agreement between three companies for streaming
Three media companies in the US are joining hands for a joint venture for sports streaming. That means all sports will be streamed by one company. These companies include Disney, Fox and Warner. The reason has been shown to attract young viewers but the judiciary suspects that these people will form syndicates to extort huge sums of money from advertisers. Due to such a syndicate, the competition to provide the good will be eliminated. The Justice Department is monitoring the joint venture.
Intel sought $10 billion subsidy for semiconductors
IT company Intel Corporation has tried to get a promise of 10 billion dollar subsidy assistance from the Biden administration of America. This assistance has been sought under the Chips and Science Act, 2022. The idea behind asking for subsidies is to bring back the semiconductor business that is slipping out of American hands. If this subsidy is approved, it will be the biggest decision for the semiconductor plan.
Sora: AI software to create videos from text
Ever since the advent of artificial intelligence, something new is coming in the field of technology every day. A model for creating text to video has been prepared through OpenAI, the creator of ChatGPT. His name is Sora. Due to this, the pronunciation of complicated words for pronunciation can be heard and used. Sora can be prepared from one minute long video text.
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