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TCI Express planning drone deliveries by FY 22 end
MD of the Company, Mr Chander Agarwal claims to have recently concluded the initial trials. In the trials conducted in Ahmedabad, medicines and other urgent/immediate delivery packages weighing 5-10 kgs were delivered to the customers, he said. The trials were conducting in collaboration with a start-up and made in India drones were used, he further … Read more
Indusind bank denies evergreening but accepts technical glitch in loan disbursals
In an Economic Times report of November 5, there were some corporate governance issues at Indusind’s microfinance subsidiary Bharat Financial Inclusion (BFI). Indusind had acquired BFI (erswhile SKS Microfinance) in March 2019. As per the subject report – Between October 17 and 24, several senior employees of BFI had written to the Reserve Bank of … Read more
Elon Musk proposes selling 10% of his Tesla stock in a Twitter poll
Billionaire Elon Musk on Saturday asked his Twitter followers to decide whether he should sell 10% of his Tesla stock, promising to “abide by the results of this poll, whichever way it goes.” “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” … Read more
Warren Buffett’s cash pile tops record with $149.2 billion on hand
Warren Buffett’s Berkshire Hathaway Inc. now has a record amount of money to put to work. Berkshire’s cash pile hit new heights at $149.2 billion of funds in the third quarter, surpassing a record set in early 2020, the company said in its earnings report Saturday. The fresh high came even as Buffett poured more … Read more
Post demonetisation, notes in circulation on rise; so are digital payments
Five years after the demonetisation, currency notes in circulation continue to rise albeit at a slower pace even as digital payments surge with more and more people embracing cashless payment modes. Primarily, banknotes in circulation went up in the last financial year as many people opted for the precautionary holding of cash amid the Covid-19 … Read more
How much Netflix pays employees in the US in 2021
Netflix has been staffing up for its next wave of growth that could come from international TV and new areas like video games. With employees on the move across industries amid the Great Resignation, Insider updated its analysis of how much Netflix employees make in the US. We combed through public data to get a … Read more