Category: Business & Economy

** Youth creates jobs without investing a single paisa in Bihar

“When I graduated from Dr MGR University in Chennai, I thought of working out a digital shop concept, and finally, after a year of research and works, I have developed two apps.

In a first-of-its-kind initiative, the son of a grocery shop owner from Bihar’s Samastipur district has created a chain of digital grocery shops that are providing jobs to the unemployed youth without making any investments.  

“People register themselves on the ‘ZILA Community Leadership (ZCL)’ app. After that, they start running digital grocery shops and start doorstep delivery of the items ordered by customers,” Suman Kumar Jha said.

The commission earned from running the digital grocery shop is directly credited to the partners of ZCL app. Partners can earn between  Rs 5,000 and Rs 15,000 per month without making any investments on setting up a physical shop, Jha said. 

** Sikkim declares ‘Katley’ as state fish

The Sikkim government has declared ‘Cooper Mahseer’ locally named ‘Katley’ as the state fish, an official of the Fisheries department said.

The official said the state government has declared Neolissochilus hexagonolepis commonly known as Copper Mahseer and locally named as ‘Katley’ as a state fish to highlight the importance of the fish and to give emphasis to its conservation measures.

** Indian Industry to produce two more entire rockets — GSLV-Mk III and SSLV: Dept of Space

SSLV is a three-stage all solid vehicle and has a capability to launch up to 500 kg satellite mass into 500 km low earth orbit (LEO) and 300 kg to Sun Synchronous Orbit (SSO).

** Two spacetech startups get access to ISRO facilities, expertise to test rocket systems

The Department of Space (DoS) has entered into a Framework MoU with aerospace startup Agnikul Cosmos for access to ISRO facilities and expertise towards the development and testing of subsystems/systems of space launch vehicles.

The MoU will enable the company to undertake multiple tests and access facilities at various ISRO (Indian Space Research Organisation) centres for testing and qualification of its single piece 3D printed Semi Cryo engine and other systems.

** TVS acquires 80 per cent stake in Swiss e-bike company

Chennai-based TVS Motor Company has acquired 80% stake in Swiss electric bicycle and personal mobility company EGO Movement for around $18 million. 

This is also TVS’ second major acquisition in Europe after taking over Norton Motorcycles in July 2020.

** HAL, Rolls-Royce ink new pact for Make-in-India Adour engine spares for global market

As part of the pact signed with Rolls-Royce, Defence Public Sector Undertaking (PSU), Hindustan Aeronautics Limited (HAL) will supply spares for the Adour Global Supply chain, and thereby support the former’s international defence customer base.

Adour is a twin-spool, counter-rotating turbofan engine by Rolls-Royce whose defence segment is a market leader in aero engines for military transport and patrol aircraft with strong positions in combat and helicopter applications, as per the company. The agreement was signed and exchanged between B Krishna Kumar, Executive Director (Engine & IMGT), HAL and Abhishek Singh, Senior Vice President – Defence, India and South East Asia, Rolls Royce, in Bengaluru on Tuesday.

** Indian scientists develop noise control absorber mimicking beehives

Faculties at IIT Hyderabad’s Mechanical and Aerospace Engineering Department, Dr B. Venkatesham and Dr Surya, fabricated low thickness and strong acoustic panels mimicking this property using biomimetic design methodology. The team also developed a mathematical model and calculated optimised parameters, and then fabricated the test samples using systematic, controlled parameters. Subsequently, fabrication of a large sample was done.

They have used two different approaches and their respective prototype machines with two different kinds of materials. One prototype is for paper honeycomb based on indexed Honeycomb Before Expansion process, and another prototype machine is for polymer honeycomb structure, based on hot wire technique.