During July review, DGCA found out poor internal safety oversight, inadequate maintenance action resulting in downfall of safety margins and erratic payment to vendors which leads to shortage of spare parts at SpiceJet On Wednesday, the DGCI regulator has conveyed SpiceJet to operate at up to 50% capacity. Earlier Spicejet was flying 4,192 flight per week and now can fly 2,096 flight a week.
Open FlipCardano presently trades at $0.4507. In the last 24 hours, the coin increased by 1.01% and is down by 5.01% in the last seven days. The 8th largest cryptocurrency by market cap has a 24-hour trading volume of $808 Million, which is a 45.32% increase in the last 24 hours. ADA is currently moving in tandem with the rest of the market.
Open FlipListed geotech startup MapmyIndia has acquired a 26.37% interest in gamified social travel commerce platform KOGO for a consideration of INR 10 Cr ($1.25 Mn). MapmyIndia’s Mappls technology suite was recently integrated with the GoI’s Unified Logistics Interface Platform and via the acquisition, KOGO will get access to the Mappls technology suite.
Open FlipNova Labs, the company behind the Helium announced a five-year deal with wireless carrier T-Mobile. The collaboration will make it possible for anyone with subscription to Helium Mobile, a 5G crowdsourced network, to access both Helium's 5G network and T-Mobile's wireless network throughout the US. The Helium Mobile beta will go live in early 2023.
Open FlipVijay Rakesh, Mizuho analyst seems concerned about memory demand and its impact on pricing, fads that he thinks could consider on shares of Micron Technology Inc. and Western Digital Corp. Further, He devalued both stocks to neutral from Tuesday,writing of “steepening price declines” leading into the December quarter and the beginning of the new calendar year.
Open Flip✅Central Bank of India: Stock price jumped over 6% after RBI removed it from the PCA framework. ✅SpiceJet: Stock ended lower by 3% after sending pilots over long leaves. ✅KEC International: Its scrip jumped 3% after securing orders for building substations in India. ✅Rategain Travel Technologies: Stock rallied 2% after signing deal with Sonder Holdings
Open FlipOn Wednesday, Wipro has terminated the service of 300 employees who were caught working for its competitors while still working for Wipro, said by firm’s executive chairman Rishad Premji. He further mentioned, that it was an act of integrity violation during the 49th All India Management Association convention. Moonlighting directs to seeking more than one job at a time.
Open FlipAccording to Anatoly Yakovenko, co-founder of Solana Labs, the Merge will not significantly increase Ethereum's scalability given the volume of transactions and users. "When you look at the no. of transactions that Solana handles from applications and from users on a daily basis, that’s more than not just Ethereum but all Ethereum-based blockchains combined,” Yakovenko said.
Open FlipCoinShares has launched an algorithmic trading tool called HAL for retail investors. HAL enables crypto traders to effortlessly trade crypto-assets on centralised exchanges with advanced trading strategies that are designed by that CoinShare quant team. The tool will enable retail customers to do much more with their crypto than simply ‘hodl’, said the platfrom.
Open FlipAccording to China's Ministry of Industry and Information Technology (MIIT), the country accounted for more than 84% of all blockchain patent applications worldwide. However, the MIIT did not disclose where it obtained its data. The deputy head of MIIT's IT Development Department claims that the integration of blockchain into business and politics is now progressing swiftly.
Open Flip✨The co-founder of quick commerce soonicorn Zepto, Kaivalya Vohra and India’s newest edtech unicorn PhysicsWallah’s co-founders Alakh Pandey and Prateek Maheshwari have joined the millionaires’ club, Hurun India reported. Vohra, 19, becomes the youngest Indian and the first teenager to have a net wealth of at least Rs 1,000 cr, fueled by over 50% rise in Zepto's valuation.
Open FlipAs per J.P.Morgan analysts, Apple Inc might start making one out of four iPhones in India, by 2025. As the tech giant shifts some of its production out from China, due to rising geopolitical tensions and strict COVID-19 restrictions. The brokerage is expecting Apple to drive about 5% of iPhone 14 production in India from late 2022.
Open FlipDogecoin currently trades at $0.0588. In the last 24 hours, the coin moved 0.54% to the upside and decreased by 3.28% in the last seven days. The 10th largest cryptocurrency is moving in tandem with the rest of the market. The 24-hour trading volume is at $322 Million, which is a 41.79% increase in the last 24 hours.
Open FlipOn Wednesday, As per International Cricket Council, the world test championship will be hosted by The Oval in London. Further, the finals in 2025 will be hosted by the Lord's. In the final last year, India was defeated by New Zealand at Southampton. The original venue was Lord, but due to Covid-19 restrictions. The finalists will be decided next year.
Open FlipCrypto exchanges FTX and Binance have made bids of roughly $50 million for the assets of bankrupt crypto lender Voyager Digital. As per reports, Binance’s current bid is slightly higher than FTX’s. Voyager claimed to have $5 billion in total assets and $4.9 billion in total liabilities at the time of its bankruptcy filing in July 2022.
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