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US President Joe <keyword id="60973" type="General" weightage="100" keywordseo="biden" source="Orion">Biden</keyword> has appointed more than 130 Indian-Americans to key positions in his administration so far, the best representation from the community that makes up around one per cent of the American population. In doing so he has not only fulfilled his promise to the community that he had made as a presidential candidate in 2020, but also shattered the record of his predecessor Donald Trump who had appointed more than 80 Indian-Americans and his previous boss Barack Obama, who had appointed over 60 Indian-Americans to key positions during his eight years of presidency. More than 40 Indian-Americans has been elected at various state and federal levels including four in the US House of Representatives. Not to miss the more than 20 Indian-Americans leading top US companies. While the first-ever presidential appointment was done during the time of Ronald Regan, this time Biden has appointed Indian-Americans to almost all departments and agencies of his administration. "Indian-Americans have been imbued with the sense of seva (service) and this is reflected in their enthusiasm to pursue positions in public service instead of the private sector," Silicon Valley-based entrepreneur, philanthropist and venture capitalist M R Rangaswami told PTI. "The Biden administration has now appointed or nominated the largest group to date and needless to say we are proud of our people and their accomplishments for the United States," Rangaswami said. Rangaswami is founder and head of <keyword id="1530020" type="General" weightage="80" keywordseo="indiaspora" source="Orion">Indiaspora</keyword>, a US-based global organization for Indian-origin leaders. Indiaspora keeps a track of Indian-origin leaders. Biden, who has maintained a close relationship with the community since his Senator days, often jokes around about his Indian relationship. He made history in 2020 by selecting Indian-origin Kamala Harris as his running mate. The list of Indian-Americans in the White House as compiled by Indiaspora reflects that there would be only a few meetings inside the White House or in Biden's Oval Office that would not have an Indian-American presence. His speech writer is <keyword id="600122" type="General" weightage="50" keywordseo="vinay-reddy" source="Orion">Vinay Reddy</keyword>, while his main advisor on COVID-19 is Dr Ashish Jha, his advisor on climate policy is <keyword id="35801" type="General" weightage="50" keywordseo="sonia-aggarwal" source="Orion">Sonia Aggarwal</keyword>, special assistant on criminal justice is Chiraag Bains, Kiran Ahuja heads the Office of Personnel Management, Neera Tanden is his senior advisor, and Rahul Gupta is his drug czar. Last week when India's Ambassador to the US, Taranjit Singh Sandhu, hosted a reception at India House on the occasion of Independence Day, Indian-Americans from his administration were representing almost all major branches of the US government. <keyword id="14795772" type="General" weightage="50" keywordseo="young-vedant-patel" source="Orion">Young Vedant Patel</keyword> is now the Deputy Spokesperson at the Department of State, while Garima Verma is the Digital Director in the Office of the First Lady. Biden has also nominated several Indian-Americans to key ambassadorial positions. According to the list prepared by Indiaspora, more than 40 Indian-Americans have been elected to various offices across the country. Four are in the House of Representatives -- Dr Ami Bera, Ro Khanna, Raja Krishnamoorthi and Pramila Jayapal. This includes four Mayors. Led by Indian-Americans Sunder Pichai of Google and <keyword id="276564" type="General" weightage="50" keywordseo="satya-nadella" source="Orion">Satya Nadella</keyword> of Microsoft, there are over two dozen Indian-Americans heading US companies. Among others include Shantanu Narayen of Adobe, Vivek Lall of General Atomics, Punit Renjen of Deloitte, Raj Subramaniam of FedEx. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/tiruppur-garment-industry-in-crisis-as-a-steep-rise-in-yarn-prices/articleshow/93743444.cms">Tiruppur garment industry in crisis as a steep rise in yarn prices</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/dreamfolks-services-ipo-opens-today-check-out-important-details-related-to-the-ipo/articleshow/93740178.cms">DreamFolks Services IPO opens today — Check out important details related to the IPO</a>

Over 130 Indian-Americans hold key positions in Biden administration, and it's a record

Smartphone brand OPPO on Thursday announced that it is all set to launch one of the most anticipated Reno6 <keyword id="8509866" type="UNKNOWN" weightage="20" keywordseo="smartphone-series">smartphone series</keyword> in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> on July 14. The upcoming series consists of two smartphones, <keyword id="11549670" type="PERSON" weightage="20" keywordseo="reno6-pro">Reno6 Pro</keyword> 5G and Reno6 5G, that pack leading imaging technologies, such as industry-first Bokeh Flare Portrait Video, AI Highlight Video and additional professional camera features to capture every emotion in a portrait. "The <keyword id="11549669" type="UNKNOWN" weightage="20" keywordseo="reno6-series">Reno6 series</keyword> are the perfect for new age video-creators, backed by industry-first Bokeh Flare Portrait Video and other leading videography features to capture cinematic and professional-level videos," <keyword id="3397351" type="PERSON" weightage="20" keywordseo="damyant-singh-khanoria">Damyant Singh Khanoria</keyword>, Chief Marketing Officer, OPPO India, said in a statement. "Like a studio in your pocket these come with advanced camera and design technology while guaranteeing a powerful performance, super-fast charging in a sleek and hard-to-look-away design," Khanoria added. OPPO Reno6 Pro 5G bundles in exceptional performance, featuring flagship MediaTek 5G SoC with <keyword id="17786" type="COMPANY" weightage="20" keywordseo="ram">RAM</keyword> expansion. Furthermore, the OPPO Reno6 series incorporates 65W SuperVOOC 2.0, faster, safer and more stable low voltage flash charging technology. The phone also allows for real-time professional video editing whilst filming with its So LOOP offering, the company said. A recent report said that the OPPO Reno6 Pro is likely to feature a 6.55-inch OLED with a 32 MP camera, while the main shooter will be 64 MP. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/twitter-is-giving-away-140-free-nfts-to-followers-and-theyre-not-available-any-other-way/articleshow/84010546.cms">Twitter is giving away 140 free NFTs to followers — and they’re not available any other way</a> <a href="https://www.businessinsider.in/business/startups/news/new-technology-is-putting-conventional-jobs-out-of-business-msme-exchange-panelists-highlight-on-how-it-helps-in-the-long-run/articleshow/84013275.cms">New technology is putting conventional jobs out of business -- MSME Exchange panelists highlight on how it helps in the long run</a> <a href="https://www.businessinsider.in/business/startups/news/swiggy-coo-vivek-sunder-will-be-exiting-the-company-by-october/articleshow/84010468.cms">Swiggy COO Vivek Sunder will be exiting the company by October, CEO Sriharsha Majety may take over</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-stocks-tank-after-march-quarter-results/articleshow/84010118.cms">Vodafone Idea shares in deep red as an uncertain future looms</a>

Oppo Reno 6, Reno 6 Pro with 5G to launch in India on July 14

<ul><li></li><li><ul><li>Shopsy will enable Indians to start their own businesses without any additional investors.</li><li>The user will earn commissions on every order they place on the customer’s behalf. </li><li><keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> started experimenting with social commerce last year on its 2Gud platform.</li></ul></li></ul>E-commerce giant Flipkart has forayed into the rising social commerce segment with the launch of Shopsy on Thursday. The latest platform will enable Indians to start their own businesses without any additional investors, the Walmart-owned company said. “With the ability to influence their local network and fulfill their aspirations, users of Shopsy will be able to share catalogues of a wide selection of 15 crore products offered by Flipkart sellers,” the company said in a statement. The catalogue will include products across fashion, beauty, mobiles, electronics and home among others. Users can register on the Shopsy app using their phone numbers and start earning by sharing their handpicked catalogue with their network. The user will earn commissions on every order they place on the customer’s behalf. The commission percentage will vary depending on the category of products being ordered. This is not the first time Flipkart has experimented with its social commerce play. Last July, the company had started experimenting with video commerce as well, with its refurbished goods platform 2Gud. 2GudSocial (social.2Gud.com), which is no longer accessible, was live for mobile phones around the same time last year. It allowed content creators to make short videos to sell certain products ranging from fashion, retail, mobile, electronics and accessories. The launch of Shopsy has put Flipkart’s platform in a full circle, which not only allows sellers to sell online, but allows customers to promote their favourite product and earn through it. This is also the biggest entry into the <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> social commerce segment, which is currently led by six-year-old Meesho. Other big players in the market were founded only two-three years ago. Meesho leads the segment with over <a href="https://www.businessinsider.in/advertising/brands/article/meesho-the-latest-company-to-join-the-unicorn-club-aims-to-build-a-single-ecosystem-to-help-smbs/articleshow/81953840.cms">$515 million</a> in funding raised to date and is valued at $2.1 billion. It claims to have over 12 million individual entrepreneurs on the platform selling to over 45 million customers. It also claims to have over 100,000 registered suppliers in 26,000 pincodes. It is followed by <keyword id="7412577" type="COMPANY" weightage="20" keywordseo="DealShare">DealShare</keyword> that has raised $144 million to date and claims to serve over 25,000 orders a day. CityMall, which raised<a href="https://www.businessinsider.in/business/startups/news/citymall-a-startup-that-helps-budding-entrepreneurs-start-their-ventures-on-whatsapp-has-raised-over-22-million/articleshow/83741383.cms"> $22 million </a>last month, claims to have a network of 20,000 community leaders catering to 200,000 customers. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/swiggy-coo-vivek-sunder-will-be-exiting-the-company-by-october/articleshow/84010468.cms" data-type="tilCustomLink">Swiggy COO Vivek Sunder will be exiting the company by October, CEO Sriharsha Majety may take over</a> <a href="https://www.businessinsider.in/business/startups/news/bhavna-suresh-has-closed-indias-largest-seed-round-for-her-nine-month-old-startup-10club/articleshow/83978841.cms" data-type="tilCustomLink">Meet Bhavna Suresh ⁠— a serial entrepreneur who just raised $40 million in seed funding for her startup 10club</a> <a href="https://www.businessinsider.in/tech/apps/news/one-year-of-chinese-apps-ban-indian-alternatives-take-over-tiktok/articleshow/83943865.cms" data-type="tilCustomLink">One year of Chinese apps ban — Indian alternatives take over TikTok</a>

You can now make money from Flipkart by recommending your favourite products

New Delhi, Jul 6 () Food ordering and delivery platform Swiggy on Monday said the company has integrated premium on-demand delivery platform, Scootsy, and its restaurant partners with the Swiggy platform. Through the curated selection on the company's homepage, users in Mumbai can now access premium gourmet experiences delivered by its premium fleet of independent pick-up and delivery partners, Swiggy said in a statement. Swiggy acquired Scootsy in 2018 for around Rs 50 crore and had said at that time that the Mumbai-based firm will continue to operate as an independent app after the acquisition. This integration allows Swiggy to build on Scootsy's premium value proposition, its understanding of the niche consumer segment and existing capabilities in curating and delivering premium service offerings, the statement said. "Since the acquisition of Scootsy in 2018, we have been closely observing the premium category and grasping the underpinnings of creating delightful experiences for discerning customers. This, clubbed with the upshift in consumer interest in premium offerings, made for the perfect timing to integrate Scootsy with Swiggy," Swiggy Chief Operating Officer Vivek Sunder said. By leveraging synergies of both platforms, "we are able to home-deliver premium services to a much wider customer base in Mumbai," he added. The company's recent partnerships with luxury hotels across the country such as ITC Hotels, Marriott, Hyatt and the Hilton will further elevate the premium experience for its users, Swiggy said. AKT HRS

Swiggy integrates Scootsy to deliver premium culinary offerings in Mumbai

New Delhi, To provide quality products at affordable prices, DIZO, the brand under realme TechLife ecosystem, on Thursday unveiled its first true wireless stereo earbuds -- GoPods D -- along with the DIZO Wireless neckband earphones in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>. Parent company realme also expanded its <keyword id="8515764" type="COMPANY" weightage="20" keywordseo="AIoT">AIOT</keyword> offerings with the launch of a trimmer series, realme hair dryer and realme Buds 2 Neo. The DIZO GoPods D comes in two colour options -- black and white. It is priced at Rs 1,599, but as an introductory offer, it will be available at Rs 1,399 on the first sale from July 14 on <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>. While, the DIZO Wireless, which comes in four trendy colours -- orange, black, blue and green, is priced at Rs 1,499. But as an introductory offer, it can be availed at Rs 1,299 on the first sale from July 7 on Flipkart. "The DIZO GoPods D and the DIZO Wireless launch in India is a step for us to offer innovative and contemporary solutions to our consumers," the spokesperson said in a statement. "Equipped with impressive features such as long battery life, lightweight design, powerful driver, Bass Boost+ algorithm, super-low latency and customisation options using the realme Link App among a host of other exciting and smart features, we are counting on both products emerging as sure-fire winners in the market," it added. Both the products will also be available at offline stores soon. The DIZO GoPods D features 20 hours of music playback, game mode at 110ms super-low latency, environmental noise cancellation, realme Link App, intelligent touch controls. The DIZO Wireless comes with a flexible and lightweight neckband design, features trendy and cool colours. A 40mAh for each earbud along with a 400mAh capacity charging case will give users 5 hours of non-stop music playback per charge and up to a total of 20 hours of music playback combined with the charging case, the company said. Additionally, Bluetooth 5.0 provides a stable signal, long transmission distance and low power consumption. The <keyword id="7085420" type="PERSON" weightage="20" keywordseo="beard-trimmer">Beard Trimmer</keyword> comes with a 10mm comb, 20 length settings, 0.5mm precision, full stainless-steel blade, which is washable. While, Beard Trimmer Plus, features 40 different length settings, two full stainless-steel blades and an IPX7 water resistance rating. The Beard trimmer is priced at Rs 1,299 and Beard trimmer Plus is priced at Rs 1,999. Priced at Rs 1,999, the Hair Dryer is designed to provide a five-minute quick-drying experience for long hair. realme Buds 2 Neo allows users to enjoy the bass and features an 11.2mm dynamic driver, that makes the bass richer and deeper, delivering a crystal clear full-range sound. It is priced at Rs 499. Trimmers and hair dryer will be available from July 5 at realme.com and Flipkart, while the earbuds is available at realme.com, Flipkart, <keyword id="18635" type="COMPANY" weightage="20" keywordseo="Amazon">Amazon</keyword> and mainline channels. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/new-technology-is-putting-conventional-jobs-out-of-business-msme-exchange-panelists-highlight-on-how-it-helps-in-the-long-run/articleshow/84013275.cms">New technology is putting conventional jobs out of business -- MSME Exchange panelists highlight on how it helps in the long run</a> <a href="https://www.businessinsider.in/business/startups/news/swiggy-coo-vivek-sunder-will-be-exiting-the-company-by-october/articleshow/84010468.cms">Swiggy COO Vivek Sunder will be exiting the company by October, CEO Sriharsha Majety may take over</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-stocks-tank-after-march-quarter-results/articleshow/84010118.cms">Vodafone Idea shares in deep red as an uncertain future looms</a>

Realme's DIZO launches first true wireless stereo earbuds and neckband earphones in India

New Delhi, May 11 () Leading online food ordering platform Swiggy on Monday said Marriott International's delivery service initiative will now be available in more cities through an agreement with the hospitality major.The association will be the first of its kind for Marriott International hotels across India, as they adapt to this new model for home delivery service, Swiggy said in a statement.To start with, over 20 hotels in cities such as Bengaluru, Kolkata Chandigarh, Delhi, Chennai, Hyderabad, Agra, Pune, Mumbai, Coimbatore and Goa will be listed on the company's platform, it added."We are pleased to see Swiggy becoming one of our innovative partners. Their strong market credibility and advanced distribution network allows us to offer a satisfactory experience in this ever changing and sensitive environment," Marriott International South Asia VP Neeraj Govil said.This partnership will benefit the company's 'Marriott on Wheels' initiative in the new normal as it feels food deliveries will be the new continuum going forward, he added."As a preferred partner of Marriott International, one of the largest brands in the modern hospitality industry, we are delighted to come together and offer popular restaurants by different marques of Marriott on the Swiggy app," Swiggy COO Vivek Sunder said.This association will deliver curated assortments from Marriott on Wheels to customers and bring their favourite cuisine and delights right to their doorstep, he added.Swiggy will execute 'no-contact' deliveries on all pre-paid orders, which involve a delivery partner leaving the food at the doorstep rather than an in-person exchange, the statement said.Both companies also have plans to expand the service to more hotels in other cities, it added. AKT BAL

Marriott International partners with Swiggy for food delivery initiative

<ul><li>Considering no one knows when normalcy will resume, traditional job seekers in rural and urban areas need to adapt to digital processes, highlighted Sridhar Vembu, founder of Zoho.</li><li>Jayesh Ranjan, IT Secretary of Telangana said that 68% of MSMEs did not have an e-mail id 5 years back, which was disheartening.</li><li>To bring some balance between rural and urban jobs, more economic activity has to happen at the rural level, particularly high paying <keyword id="1077059" type="PERSON" weightage="20" keywordseo="Technology-jobs">technology jobs</keyword> have to be moved to <keyword id="6361659" type="UNKNOWN" weightage="20" keywordseo="Rural-Areas">rural areas</keyword>, added Vembu.</li></ul>To push India towards digitisation, while addressing the people on the nation’s 74th Independence Day, Prime Minister Narendra Modi announced that in the next 1,000 days (i.e. by May 2023), nearly 6.5 lakh Indian villages will be connected with optical fibre to get improved connectivity. But India’s businesses, especially the smaller ones, have still not embraced a connected world. In a recent virtual event organised by Business Insider for small businesses -- <keyword id="4106334" type="ORGANIZATION" weightage="20" keywordseo="msme-exchange">MSME Exchange</keyword> -- Sridhar Vembu, founder of software-as-a-startup (SaaS) firm Zoho shared a relevant example for businesses struggling to move digital. “For a community of singers who perform music in the temples of south India for several functions, singing in temples is their main source of income. They have now witnessed a major decline in [their] regular income. For us, clearly these people can organise online events, but the point is they don’t know how to. To perform music online, audio needs to be properly tuned with softwares and much more. Further, considering we do not know when normalcy will resume, these traditional job seekers need to learn digital processes,” said Vembu. According to a report by World Economic Forum -- Indian Cities in the Post Pandemic World, released on January 7, 2021 -- about 70% of India's gross domestic product (GDP) comes from its cities and around 25-30 people migrate to cities from rural areas every minute. The development model of India in the last 20-30 years has been very urban centric where one has to bring talent out of villages into cities. Vembu feels, in this process, we are overcrowding urban areas and leaving rurals empty which is not good. “So to bring some balance to this situation, more economic activity has to happen at the rural level, particularly high paying technology jobs have to be moved to rural areas. The idea is to create jobs for people who otherwise might have to shift to urban areas,” says Vembu. Jayesh Ranjan, the information technology (IT) secretary of Telangana, highlighted a survey that said 68% of India’s MSMEs did not have an email address five years back, which is very disheartening to hear. He feels that MSMEs can benefit from technology and it is only a matter of mindset holding them back. If unfortunate circumstances like a pandemic come up, dramatic changes can literally happen overnight. He cited an example of how the government and Confederation of All India Traders (CAIT) literally converted thousands of kirana (mom and pop) stores into online stores overnight. “They created their website, inventory, payments getaways and so on,” said Ranjan. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/twitter-is-giving-away-140-free-nfts-to-followers-and-theyre-not-available-any-other-way/articleshow/84010546.cms">Twitter is giving away 140 free NFTs to followers — and they’re not available any other way</a> <a href="https://www.businessinsider.in/business/startups/news/new-technology-is-putting-conventional-jobs-out-of-business-msme-exchange-panelists-highlight-on-how-it-helps-in-the-long-run/articleshow/84013275.cms">New technology is putting conventional jobs out of business -- MSME Exchange panelists highlight on how it helps in the long run</a> <a href="https://www.businessinsider.in/business/startups/news/swiggy-coo-vivek-sunder-will-be-exiting-the-company-by-october/articleshow/84010468.cms">Swiggy COO Vivek Sunder will be exiting the company by October, CEO Sriharsha Majety may take over</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-stocks-tank-after-march-quarter-results/articleshow/84010118.cms">Vodafone Idea shares in deep red as an uncertain future looms</a>

Digitisation push for small businesses could create technology jobs in rural areas, say Business Insider’s MSME Exchange panelists

New Delhi, Apr 15 () Startup Cipla Health, a subsidiary of Cipla, on Wednesday said it has partnered with Swiggy, Zomato and Dunzo for home deliveries of over-the-counter wellness products in the wake of the nationwide lockdown. Leveraging on the extensive service delivery mechanism of the partners, Cipla Health will cater to 4 lakh people and cover 250 stores in 45 cities across the country. A home-delivery system makes it very convenient and safe for customers to get access to the wellness products, which otherwise might be difficult due to these lockdown conditions, the company said in a statement. Cipla Health CEO Shivam Puri said, "We have collaborated with these premier delivery partners as their expertise coupled with our suppliers will allow us to reach out to a larger segment of the population." Further, he said, "Our set of offerings are specially curated to meet the varying needs of our consumers especially in these times and hence, this association helps us in ensuring our products reach their consumers who are finding it difficult to purchase them due to the lockdown..." Zomato COO - Food Delivery - Mohit Sardana said, "Through our partnership with Cipla Health, we will employ our logistics capabilities to ensure our users have easy access to OTC wellness products from the safety of their homes. "Currently available in the metro cities, we will expand this partnership to tier-II cities by the coming week." Similarly, Swiggy COO Vivek Sunder said, "Our partnership with Cipla will ensure that health, hygiene and wellness products, which are just as essential, will reach customers in need as required. This is another step forward in helping citizens stay at home during the nationwide lockdown." Dunzo CEO and Co-Founder Kabeer Biswas said whether it is medicines for the sick or groceries for the elderly, the company is committed to helping cities and users fight the Covid-19 pandemic. RKL ANSANS

Cipla Health partners Swiggy, Zomato, Dunzo for home delivery of OTC wellness products

<ul><li><keyword id="42857" type="SPORT" weightage="20" keywordseo="Formula-One">Formula One</keyword> has struck a new sponsorship deal with digital assets company Crypto.com for a reported $100 million.</li><li>The deal will give Crypto.com best-in-class branding slots at the new Sprint qualifying rounds.</li><li>Crypto.com also signed a multi-year deal with Aston Martin Cognizant <keyword id="6537501" type="PERSON" weightage="20" keywordseo="formula">Formula</keyword> One Team in March 2021.</li></ul>Formula One has struck another deal with the crypto industry, this time for a <a href="https://www.formula1.com/en/latest/article.formula-1-announce-crypto-com-as-inaugural-global-partner-of-the-f1-sprint.ozYI9zd0622tZyvroYhcM.html">reported</a> $100 million in a sponsorship agreement with Crypto.com. The digital assets company will get some of the top-tier slots for advertising at the new Sprint qualifying rounds during the upcoming British Grand Prix, according to Forbes. According to <a href="https://www.cnbc.com/2021/06/29/formula-1-strikes-100-million-cryptocurrency-sponsorship.html">CNBC</a>, the whole deal is for five years, and Crypto.com will also receive trackside slots at Formula One races. <div type="ExtQuote" text="As F1 continues to explore new ways for fans to engage and become more immersed in the sport, Crypto.com will also become the Official Cryptocurrency Sponsor and NFT Partner of F1." auname="Statement by F1"></div> Formula One has been bullish on the future of cryptocurrencies, at least when it comes to non-fungible tokens (NFTs). Earlier this month, the car racing organisation revealed that McLaren Racing plans to build a non-fungible token (NFT) platform on the Tezos blockchain. Who is Crypto.com? Crypto.com is no stranger to racing or Formula One. It signed a multi-year deal with Aston Martin Cognizant Formula One Team in March 2021. The venture brought exclusive experiences to fans of the team and traders, while Crypto.com received branding on Aston Martin's 2021 cars. Crypto.com also became the official <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword> and NFT sponsor of the 2021 Coppa Italia. <div type="image" title="Aston Martin" msid="84013893" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;em&amp;gt;Ahead of its 2021 Formula One car launch in March, Aston Martin Cognizant Formula One Team announced a global partnership with cryptocurrency platform, Crypto.com&amp;lt;/em&amp;gt;&amp;lt;/p&amp;gt;"></div> Crypto.com is said to have 10 million users, and its services are available via an Android or iOS app. The company has a range of services, including crypto trading, a Visa-issued physical card, coin staking, payments solutions, and an NFT marketplace (non-fungible token). It's portraying itself as a one-stop shop for everything crypto and has global ambitions. The launch of a token will not only add to the revenue stream for the Formula One team involved — whether that’s McLaren or Aston Martin — but also act as a springboard for a new medium of fan innovation and engagement. NFTs is giving sports a new way to make money NFTs have proven to be an asset for digital safekeeping and addresses the rising challenges of a remote-first world."We look forward to many years of innovating together," Crypto.com co-founder and CEO Kris Marszalek said in a statement. "We're also excited to partner with F1 in the development of exclusive NFTs, connecting fans to the sport in new and innovative ways." The Coronavirus pandemic presented a unique challenge for event organisers — finding a new revenue source amid empty stadiums, dipping merchandise sales, and non-existent tourism. Even though Formula One could get back on track faster than others, dwindling on-site revenues posed a considerable risk. Amid the uncertainty, crypto has been extremely handy as fans could buy or trade team tokens on exchanges. <a href="https://www.businessinsider.in/cryptocurrency/news/manchester-city-psg-barcelona-ac-milan-and-other-football-clubs-are-launching-crypto-tokens-to-rein-in-more-revenue/articleshow/83574813.cms">FC Barcelona</a>, for example, held a vote on the choice of motivational artwork that would be used in the dressing room at Camp Nou. At the same time, Juventus allowed fans to choose the celebration song that would be played whenever the team scored. Similarly, the racing world has also whole-heartedly adopted the crypto revolution. Like Crypto.com, competitors like Tezos have signed up with McLaren Racing and Red Bull Racing teams to create NFTs. If sponsorship deals or virtual merchandise partnerships weren't enough, NASCAR racing driver <a href="https://www.businessinsider.in/cryptocurrency/news/cryptocurrency-storm-has-reached-nascar-and-formula-one/articleshow/83638149.cms">Landon Cassill</a> teamed up with <keyword id="6286377" type="UNKNOWN" weightage="20" keywordseo="Crypto-exchange">crypto exchange</keyword> Voyager to receive his entire compensation package in cryptocurrencies like <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">Bitcoin</a> and Litecoin. The crypto industry's influence is gradually becoming mainstream as exchanges globally try to establish their presence and legitimise the industry. While regulators are going forward cautiously, crypto-based companies are opting for massive long-term strategies that include brand development, recognition, and association with other household brands. It includes sponsoring sports events, teams, public events, concerts, and much more. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/twitter-is-giving-away-140-free-nfts-to-followers-and-theyre-not-available-any-other-way/articleshow/84010546.cms">Twitter is giving away 140 free NFTs to followers — and they’re not available any other way</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/new-technology-is-putting-conventional-jobs-out-of-business-msme-exchange-panelists-highlight-on-how-it-helps-in-the-long-run/articleshow/84013275.cms">New technology is putting conventional jobs out of business -- MSME Exchange panelists highlight on how it helps in the long run</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/swiggy-coo-vivek-sunder-will-be-exiting-the-company-by-october/articleshow/84010468.cms">Swiggy COO Vivek Sunder will be exiting the company by October, CEO Sriharsha Majety may take over</a>

Formula One just struck another crypto deal — this time for a reported $100 million

<ul><li><keyword id="6358977" type="UNKNOWN" weightage="20" keywordseo="swiggy">Swiggy</keyword> has expanded its grocery delivery service to 125 cities across India. </li><li>While Swiggy had entered the grocery segment in 2019, its wide expansion comes right after its rival Zomato had marked its debut in grocery with Zomato Market and expanded it to 80 cities across India. </li><li>There’s a high demand for <keyword id="1640900" type="PERSON" weightage="20" keywordseo="Online-grocery">online grocery</keyword> due to the coronavirus lockdown.</li></ul>Foodtech unicorn Swiggy has expanded its grocery delivery service to 125 cities across India. Swiggy had launched its grocery vertical in Gurugram in early February 2019, and had slowly expanded to a few other cities. But with the high demand for online grocery due to the coronavirus lockdown, Swiggy has now expanded to 125 cities. “While the grocery and essentials category has always been a part of our long-term strategy of delivering hyperlocal convenience, we have enabled faster ramp up for the benefit of our consumers. Extending our hyperlocal delivery offering will unlock a new dimension of convenience and safety for our consumers as well as earnings for our delivery partners during these extraordinary times”, said Vivek Sunder, COO, Swiggy. Swiggy’s expansion comes right after its rival Zomato had marked its debut in grocery with Zomato Market and expanded it to 80 cities across India. Swiggy has partnered with brands like HUL, P&amp;G, Godrej, Dabur, Marico, Vishal Mega Mart, Adani Wilmers, Cipla, while also delivering essentials from the local kirana stores. Giving a tough competition to the likes of Dunzo, Swiggy is also turning its focus on hyperlocal deliveries.Swiggy has revamped its offering ‘Swiggy Go’ by launching a hyperlocal delivery service ‘Genie’ in over 15 cities. Through this service, people can order pick up and drop facilities for packages within the city. See Also: <a href="https://www.businessinsider.in/business/startups/news/zomato-and-swiggy-both-get-raise-funds-but-swiggy-leads-with-a-higher-valuation/articleshow/75008445.cms">Zomato and Swiggy both raise funds – but Swiggy leads with a higher valuation</a>

Swiggy quickly expands its grocery delivery to 125 cities

<ul><li>Indians are heavily <keyword id="35175" type="ORGANIZATION" weightage="20" keywordseo="investing">investing</keyword> in <keyword id="373404" type="ORGANIZATION" weightage="20" keywordseo="Financial-Assets">financial assets</keyword> and bulk of that money is routed via startups like <keyword id="759851" type="COMPANY" weightage="20" keywordseo="Zerodha">Zerodha</keyword>, Upstox and others.</li><li>In the last two decades, financial <keyword id="41933" type="ORGANIZATION" weightage="20" keywordseo="assets">assets</keyword> per adult in India gained 2%, while non-financial assets fell 8.4%, as per a Global Wealth Report 2021 by Credit Suisse.</li><li>Tech savvy broking firms like Zerodha, Upstox hold double digit market share in terms of number of unique investors as compared to traditional stock brokers like Motilal Oswal, Angel Broking.</li></ul>Financial assets in India have been on an uptrend in at least the last two decades as financial assets per adult in India have gained 2% between 2000 to 2020, while non-financial assets fell 8.4%, shows Global Wealth Report by Credit Suisse. The data indicates rising interest of individuals in financial assets like stocks, bonds, mutual funds. Adding to it, data from the Reserve Bank of India (RBI) shows that in the year ended March 2020, the net financial assets in India — defined as gross financial assets less financial liabilities — jumped from ₹13.73 lakh crore in FY19 to ₹15.62 lakh crore in FY20 due to decline in borrowing from banks. Since interest rates have remained low in the country for quite some time, investors have shifted more savings towards soaring markets. Many new retail investors entered the industry in the last one year as interest rates kept depleting and markets kept surging. In fact, 14.2 million demat accounts have been opened in FY21, according to SEBI data. “The net financial assets of Indian households have grown due to fall in bank deposits and increase in investments. Lower interest rate environment, combined with friction-less access to financial markets due to fintech services and online brokers, is one of the key reasons for this spike in financial assets in India. As of January, India's total demat account stood at 51.5 million, a 26% increase compared to the end of FY20,” said Nikhil Kamath, cofounder of Zerodha. Most new investors that have come in the last one year are lured because of the record high Sensex/Nifty 50 levels and ease in opening a demat account, doing e-KYC through popular online trading platforms like Zerodha. Zerodha holds 18.85% market share with 33.9 lakh unique active investors followed by Upstox with 10.9% market share with19.6 lakh unique active investors, reveals data by stock market analytics platform Trade Brains. These online trading platforms hold greater market share over traditional broking firms like Angel Broking, ICICI Securities and Motilal Oswal Services. <table style="border-width: initial; border-style: none;"></colgroup></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Top 5 stock brokers </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Active clients </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Market share </td></tr><tr><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Zerodha </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">33,91,059 </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">18.85% </td></tr><tr><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Upstox </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">19,60, 861 </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10.90% </td></tr><tr><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Angel Broking </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">14,54, 167 </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">8.08% </td></tr><tr><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">ICICI Securities </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">14,35,356 </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">7.98% </td></tr><tr><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">HDFC Securities </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">9,44,091 </td><td style="border-left:solid #000000 0.7465275pt;border-right:solid #000000 0.7465275pt;border-bottom:solid #000000 0.7465275pt;border-top:solid #000000 0.7465275pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5.25% </td></tr></tbody></table>(As per data from Trade Brains as of March 2021) Indian household’s cash and savings have been deployed into the market because of ease in online investment procedures like e-KYC, payment gateways, access to relevant information on fingertips and FOMO (fear of missing out) effects, highlights Neelabh Sanyal, chief operating officer and cofounder of Kuvera. “Minimum investment options by banks and mutual funds, subdued returns on non-financial assets such as real estate and availability of surplus cash due to pandemic have attracted investors to financial markets. Besides, the investor is also evolving and naturally gravitating to financial assets due to higher transparency, standardisation, liquidity and strong regulatory environment as compared to non-financial assets,” said Sanyal. Ravi Kumar, founder and chief executive of Upstox feels that financial assets will continue to grow in the coming time as investors have learned the importance of investing. "Indians are increasingly preferring financial assets over physical assets. While non-financial assets give a sense of ownership, financial instruments such as mutual funds and equities are easy to liquidate. Also, due to the pandemic people have learnt the importance of investing, portfolio diversification, and hence financial assets will continue to grow in the future," said Kumar. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/twitter-is-giving-away-140-free-nfts-to-followers-and-theyre-not-available-any-other-way/articleshow/84010546.cms">Twitter is giving away 140 free NFTs to followers — and they’re not available any other way</a> <a href="https://www.businessinsider.in/business/startups/news/new-technology-is-putting-conventional-jobs-out-of-business-msme-exchange-panelists-highlight-on-how-it-helps-in-the-long-run/articleshow/84013275.cms">New technology is putting conventional jobs out of business -- MSME Exchange panelists highlight on how it helps in the long run</a> <a href="https://www.businessinsider.in/business/startups/news/swiggy-coo-vivek-sunder-will-be-exiting-the-company-by-october/articleshow/84010468.cms">Swiggy COO Vivek Sunder will be exiting the company by October, CEO Sriharsha Majety may take over</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-stocks-tank-after-march-quarter-results/articleshow/84010118.cms">Vodafone Idea shares in deep red as an uncertain future looms</a>

Zerodha, Upstox and other broking apps are minting money as FOMO and easier access drive Indians to stock markets

New Delhi, May 29 () Multinational Conglomerate ITC Ltd's hospitality arm ITC Hotels on Friday announced to partner online food delivery platform Swiggy to deliver its food delicacies at customers' doorsteps amid the COVID-19 pandemic. The move would enable ITC Hotels' customers to enjoy their pre-paid orders with 'no-contact' deliveries and have unique food experiences with local offerings from the regions at their home, said a joint statement. This would be implemented into phases across India and deliveries from properties such as ITC Maurya (New Delhi), ITC Royal Bengal (Kolkata), ITC Grand Chola (Chennai), ITC Gardenia (Bengaluru), ITC Windsor (Bengaluru), ITC Kohenur (Hyderabad), ITC Rajputana (Jaipur), ITC Grand Goa (Goa) and Welcomhotel Bengaluru would be commenced in the phase one. While, under the second phase more ITC Hotels and Welcomhotel properties will be added to the Swiggy home delivery initiative, it added. Commenting on the development, ITC Hotels COO Anil Chadha said: "We are re-engineering our guest experiences with zero/low associate engagement (including digital ordering and e-payment solutions). The partnership with Swiggy will assist us in responsibly delivering our unique culinary experiences using their advanced distribution network. Together we are committed to delivering a responsible guest experience." Swiggy COO Vivek Sunder said: "Through our partnership with ITC Hotels, customers can now indulge in curated gourmet dishes from popular restaurants of the ITC Hotels chain across India through the Swiggy app. We look forward to creating unique dining experiences for customers while helping them celebrate special occasions at the comfort of their homes." Earlier other luxury star hotels such as Marriott, Hilton have piggybacked on food ordering and delivery platforms such as Zomato, Swiggy to reach customers during the lockdown and the people are expected to avoid crowded places as restaurants in the initial phases. "It may be recalled that ITC Hotels had tapped into the food and beverage take-away model across the country recently and received overwhelming feedback from diners for the "Flavours" takeaway (and home delivery) dining experience. The association with Swiggy endeavours to reach a much larger customer base," said ITC Hotels. Launched in 1975, ITC Hotels is a premier chain of luxury hotels. It operates more than 100 hotels in over 70 destinations. KRH MKJ

ITC Hotels partners Swiggy to deliver food delicacies at customers' doorsteps

The <keyword id="160935" type="COMPANY" weightage="20" keywordseo="UK-Home-Office">UK Home Office</keyword> on Thursday formally opened its new post-study work visa for international students, which would offer overseas graduates from <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> and other destinations the option to apply for the right to stay on for job experience at the end of their university courses. The <keyword id="23976" type="COMPANY" weightage="20" keywordseo="graduate">Graduate</keyword> route visa, announced last year by UK Home Secretary <keyword id="132666" type="PERSON" weightage="20" keywordseo="Priti-Patel">Priti Patel</keyword>, is now open for applications from this week and is expected to particularly benefit Indian students, who are known to choose their degree courses based on the prospect of work experience. The Graduate route is designed for international graduates who have been awarded their degree from a recognised UK university to stay on and look for work for at least two years. "To put it into some context, last year more than 56,000 Indian nationals were granted a student visa, that's a 13 per cent increase on the previous year, and that is almost now a quarter of all student visas issued by the UK," Patel told . "When you think about those numbers, think about the totality in terms of how this route will benefit India, it's a very, very big move. And, we will continue to work with the various academic institutions on making this route viable," she said. For the new route, international graduates must have completed an eligible course at a UK higher education provider with a track record of compliance with the government's immigration requirements. It is unsponsored, meaning applicants do not need a job offer to apply and crucially they can use a two-year period to stay on and look for a job. There are no minimum salary requirements or caps on numbers, allowing graduates on the route to work flexibly, switch jobs and develop their career as required. "As we build back better, it is vital that the UK continues to be a beacon for talented young people across the globe who want to make a difference. The new Graduate route does just that, giving the best and brightest graduates the opportunity to continue contributing to the UK's prosperity and the freedom to kickstart their careers in the UK," said Patel. A coronavirus concession on the date by which students must enter the UK to qualify for the route, if they started courses in 2020 and are unable to travel due to the pandemic, was recently extended. Applicants who began their studies in autumn 2020 or in spring 2021 will need to be in the UK on a student visa by September 27 this year. Students beginning their course later this year or early next year will need to be in the UK by April 6, 2022. This has been welcomed by Indian student groups in the UK, concerned about India's categorisation under the red list of countries from where travel currently remains banned, making it compulsory for Indian students to quarantine at considerably additional expense. "Many other countries do not offer that microcosm, foundation of diaspora community, natural heritage, all the cultural links, all the values that we share between our two countries. That puts us in a very strong position, both for Indian students coming here and securing their future opportunities in the workplace," Patel said. The new route, part of the <keyword id="3444934" type="COMPANY" weightage="20" keywordseo="post-brexit">post-Brexit</keyword> points-based immigration system, is pegged as part of the UK's Global Britain message of attracting the best talent from around the world and covers all parts of the United Kingdom. "International students are a vital part of our society, and those who graduate from our world-leading universities should have the opportunity to stay and build meaningful careers here in the UK," said Universities Minister Michelle Donelan. "That is why we are introducing this new route for international graduates, enabling British businesses to attract and retain some of the brightest, most talented graduates across the globe, and helping this nation build back better from the pandemic," she said. Anne Marie Graham, Chief Executive of UK Council for International Student Affairs, said: "We know that employability is a priority for international students coming to study in the UK. "International students who are able to access this route will have the flexibility to apply for work in any sector or role that fits their skills profile, including self-employment without the need for employer sponsorship." To apply under the new Graduate route, international students must have completed an eligible course at a recognised UK higher education provider at undergraduate or higher level. Students on the route will be able to work or look for work after their studies for a maximum period of two years, or three years for Doctoral PhD students. The National Indian Students and Alumni Union UK (NISAU) was among the groups that actively lobbied the UK government for such a post-study visa route. "Genuine Indian applicants with demonstrable skills should considerably benefit," it added. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/twitter-is-giving-away-140-free-nfts-to-followers-and-theyre-not-available-any-other-way/articleshow/84010546.cms">Twitter is giving away 140 free NFTs to followers — and they’re not available any other way</a> <a href="https://www.businessinsider.in/business/startups/news/new-technology-is-putting-conventional-jobs-out-of-business-msme-exchange-panelists-highlight-on-how-it-helps-in-the-long-run/articleshow/84013275.cms">New technology is putting conventional jobs out of business -- MSME Exchange panelists highlight on how it helps in the long run</a> <a href="https://www.businessinsider.in/business/startups/news/swiggy-coo-vivek-sunder-will-be-exiting-the-company-by-october/articleshow/84010468.cms">Swiggy COO Vivek Sunder will be exiting the company by October, CEO Sriharsha Majety may take over</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-stocks-tank-after-march-quarter-results/articleshow/84010118.cms">Vodafone Idea shares in deep red as an uncertain future looms</a>

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