Wednesday, October 21, 2020
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KPMG’s Climate Accounting Infrastructure to track greenhouse gas emissions

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KPMG’s Climate Accounting Infrastructure - point2note
KPMG’s Climate Accounting Infrastructure

Sustainability takes center stage as greater awareness of greenhouse gas emissions is becoming a global demand. Environmental responsibility is no longer a distant goal but a real expectation from organizations as they become obligated to comply with regulatory requirements. KPMG’s Climate Accounting Infrastructure is a technology based on blockchain, which KPMG’s clients will use to keep a tab on their greenhouse gas emissions.

The initiative is launched to help organizations better measure, mitigate, report offset climate-changing emissions. It aims to bring down greenhouse emissions and, subsequently, their environmental footprint even amidst running operations and performance.

Trusted reporting capabilities, such as those enabled by Climate Accounting Infrastructure, will be critical to meet stakeholder expectations and to comply with emerging regulations. – said Arun Ghosh, KPMG’s US Blockchain Leader

The CAI technology works to offset an organization’s emission records, real-time environment data, and analytics on the blockchain, integrated with functioning systems, including IoT sensors and external data sources. This will be used to model the effects of climate change risk on the organization’s financial health, success, and asset valuations, giving way for future financial planning. KPMG is working with many companies to bring the CAI’s capabilities in the market.

Mike Hayes, KPMG Global Renewables Leader, had this to say about global business efforts to bring company finances and environmental implications on the same footing.

Modernizing ESG (environmental, social, and corporate governance) practices is becoming a priority for every industry. From energy to technology, healthcare to retail, to support both financial performance and resilience. As a result, global organizations are looking to integrate environmental and financial risks associated with the cost of carbon into their real estate portfolio approach, using emerging technologies to validate their data and strategy.

KPMG’s Climate Accounting Infrastructure is awaiting patent but is not their only enterprise blockchain innovation. KPMG is working towards marketing the technology and to make it a success. To achieve this, KPMG has sought the help of blockchain and climate technology companies. 

Some of its collaborations include Context Labs, a blockchain company known for ‘Immutably.’ It is a data fabric platform which translates environmental, operational, and financial information into AlphaESG signals through machine-learning models. 

Prescriptive Data, a smart building company, and Allinfra, another Ethereum based technology company in infrastructure finance, have also joined hands with KPMG to market the product.  

KPMG is one of the big four accounting firms with a large client base and businesses under its wing. As carbon emissions requirements are becoming more relevant, many organizations understand its importance too. Technologies like the CAI enable accurate reporting of carbon emissions data making enterprises climate-sensitive and eco-conscious now and in the long run. KPMG’s offering provides two-way benefits both to the environment as well as organizations.

Sonu Sood announces scholarship for IAS aspirants

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Scholarship for IAS aspirants
Scholarship for IAS aspirants

Sonu Sood has partnered with Scholify to provide scholarship for IAS aspirants. It is a merit-based scholarship and accessible online and for on-campus classes at Vijayawada. Candidates who want to apply for this scholarship will need to apply for it by October 20, 2020, on www.scholifyme.com.

Tweet by Sonu Sood:

Many students who were eager and pleased to find out more about the initiative of scholarship for IAS aspirants, thanked the actor for his relentless aid and efforts towards the people. Among the users thanked the celebrity and wrote he couldn’t think of any words to express his gratitude. Another user thanked the celebrity on behalf of his friend, who would like to become an IAS officer and requested to test his knowledge to get him enrolled in some fantastic coaching institute. 

Another user bestowed the actor with the title “treasure of the country.” Another follower of the celebrity applauded him for the initiative and wrote that it’s his dream to become an IAS officer.

In September, Sonu Sood had hinted about the huge announcement of scholarship for IAS aspirants. Offering the hints, Sonu Sood had tweeted ‘Coming Soon’ using a poster with students. Amid nation-wide lockdown because of Coronavirus (COVID-19) pandemic, Sonu Sood made headlines for assisting researchers and frontline staff.  Earlier, the celebrity had helped the JEE, NEET aspirants reach the exam center on the examination days. He extended his support and required postponement of these entrance examinations for 6p days before the pandemic.

In August, Sonu Sood came forward in support of students of Haryana to help them attend online courses by sending them smartphones after reading a news piece that how students are unable to attend the courses as a result of the unavailability of smartphones. Within a day, the students received the smartphones, which helped them attend the online courses.

Sonu Sood was honored with the SDG Special Humanitarian Action Award from the United Nations Development Programme (UNDP) for his philanthropic work during the ongoing pandemic.

Sonu Sood has helped lakhs of migrants reach home and bring back Indian students stranded across the planet. The actor has also been providing free schooling and healthcare facilities to young children and has been producing free employment opportunities for the needy in the aftermath of this COVID-19 pandemic. He has also created programs to provide scholarships, employment to assist migrants. His new initiative of providing scholarship for IAS aspirants is yet another brilliant move to help mankind.

UK retailers and supermarkets support the Black History Month

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Black history Month - point2note
Black history Month

Black History Month is a significant event that marks the annual celebration and remembrance of Black people’s contribution in the history of the US and the UK. This event takes place on 1st October, lasting the whole month, with various initiatives across industries and sectors to promote the representation of the Black People. This year, several retailers and supermarkets have stepped up to support Black History Month through their initiatives. 

With the Black Lives Matter movement’s resurgence, a lot of efforts and actions have been taken by people and organizations to bring the spotlight to the social injustice against the Black people. To celebrate the success, achievements, and contribution of Black people, Sainsbury, one of the UK’s top retailers, has announced to modify its ethnic pay gap to ensure that the Black colleagues working at the organization experience a fair and just working culture. 

At Sainsbury’s, we want to celebrate black heritage with our colleagues and customers. To be the most inclusive retailer, where every single one of our colleagues feels safe and supported at work. We’re actively pushing for black people in the UK – Sainsbury’s company statement 

Another notable initiative is from Nike, who has released its latest collection online, focusing on the Black History Month, where the products’ designs pay tribute to the African roots, along with the logo that features “BHM” on every pair of shoes under this collection. 

GAP, another renowned retailer brand, has partnered exclusively with the Black artists to launch its new T-shirt collection. The t-shirt designs are inspired by the artists’ own life experiences of what Black History Month means to them. This project focuses on promoting young Black people’s cultural, social, and creative aspects, allowing them to showcase their talent. 

Not just retailers but several supermarkets actively contribute their efforts towards the celebration of Black History Month in the UK. They have collaborated for a fundraising campaign led by Black Farmer that pledges to raise £100,000. This fundraising campaign’s key contributors include prominent UK supermarkets such as Marks & Spencer, Tesco, Aldi, and Sainsbury’s. The campaign drive focuses on promoting inclusion and diversity across the corporates and businesses across the UK. 

We need products that represent all customers and more suppliers from black and ethnic minority backgrounds.– Wilfred Emmanuel-Jones, Founder of Black Farmer 

Other than the campaign drive, the Black Farmer, who is one of the major suppliers of chicken, meat, sausages, and eggs to leading supermarkets in the UK, also plans to celebrate Black History Month by including the pictures of Black heroes on the packaging of these products.

Celebrating Black History Month is an important step in the direction of promoting diversity and recognition towards Black people in the UK. Such initiatives and drives across the retail and supermarket industry in the UK are a positive step that ignites the hope to build an inclusive society and allow us to retrospect the neglect of the Black people throughout history.

AIFC launches Heartful Coach Program for football coaches

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Heartful Coach Program - point2note
Heartful Coach Program

A Memorandum of Understanding (MoU) has been signed between AIFC and Heartfulness Education Trust of the Heartfulness Institute to start ‘The Heartful Coach program – Let’s Coach with our Heart.’ This Coaches Welfare Program is meant to assist Grassroots coaches, Elite coaches, PE teachers and all Indian football stakeholders.

We are happy to have this partnership as we want to further cater to the welfare of our dear Coaches. This initiative is a perfect example of empowering to help empower and we are really excited to take off with the Heartful Coach Program and believe this initiative to inculcate compassion, tolerance, empathy, humanity and to help in the holistic development, which includes mental well-being of a coach or an individual. – said Mr. Dinesh Nair, AIFC Founder & Director

The Heartful Coach Program is a much-required transformational program that allows modern day coaches to focus not only towards competitive achievement but  more importantly for holistic development of their team. The program will be available for all coaches from grassroots, youth, senior teams, PE teachers and to Indian football stakeholders.

Conducted over 75 minutes every day and spread over a 3-day schedule, the Heartful Coach Program introduces football coaches into the experiential heartfulness practices of relaxation, meditation and rejuvenation to understand how these can be meaningfully incorporated in their everyday lives.

Standard practice of heartfulness techniques helps to build awareness and how professionals should perceive their growth. This will add a heartful touch to several facets of their training style e.g. communication, leadership, resilience, building confidence, inspiring students, handling stress and evolving as inspirational role models for the players they tutor. 

The first session (a three-day program) will see AIFC core team members, elite coaches, coach educators etc. attending the event. They plan to further roll out the program for coaches nationwide. Participants are entitled to simple heartfulness practices booklet and other reading resources, free heartfulness magazine subscription, free meditation sessions with 15,000+ trainers worldwide and e-access to all heartfulness webinars and YouTube channels.

Football coaches across age groups are accountable not merely to be a role model for their teams and achieve desired results or winning tournaments but also enabling holistic development (psychological, physical, emotional and character) of their team. Regular practice of this program will bring self-awareness amongst the practitioners and how to meaningfully integrate them in real life.

FILO: A free app for JEE/NEET aspirants

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FILO: A free app for JEE/NEET - point2note
FILO: A free app for JEE/NEET

The education industry is among many industries that have faced the repercussions of the COVID-19 pandemic. As the pandemic disrupted the traditional educational procedure in India, the digitalization of education strengthened. Even though multiple platforms helped students continue their schooling, understanding concepts and solutions to the problems in real-time became a significant concern. This is where FILO, a free app for JEE/NEET aspirants, pitched in.  

FILO is an app created by Imbesat Ahmad, an IIT Kharagpur graduate. FILO means ‘friend,’ so Ahmad and his team created a friendly environment where students can gain the proper knowledge and career advice from the tutors who have joined them from best institutions such as IIT, NIT, medical college, and some professionals. 

Imbesat Ahmad, after completing his graduation in 2015, has been devoting his time to tutoring undergraduate and higher secondary students across the country. Through tutoring, his major aim was to help students who want to attend competitive examinations and those who wanted to study abroad. This gave a push to create FILO, a free app for JEE/NEET aspirants to connect them with experts over a video call and solve their doubts in real-time. 

Another prominent element of FILO is that this app works well even on a 2G network. FILO app is also time efficient and saves 400% more time than any other platform, is secured and completely ad-free.

It takes around five minutes to allot the available tutor, and then he/she can take forward all the queries. We have more than 600 registered tutors, so, at any given point in the day, there will be at least 4-5 tutors online. If the query remains unanswered, then it will be allocated to a tutor as soon as he/she gets free. We have designed the app in a way that works completely fine on 2g networks also and in case if the internet completely goes off, then the call will not be cut. It will say, ‘reconnecting.’ Until the net comes just like the Whatsapp calling feature, explains Imbesat Ahmad

Another idea that fascinates students when it comes to FILO is that it ensures students’ complete anonymity. In addition to academics, FILO also focuses on imparting the proper guidance that the students require regarding their education. Students are connected for counseling lessons to concerned experts, which include students from top universities across India.  

FILO, a free app for JEE/NEET aspirants, was also noticed by the Central Ministry of Education and is now available on India’s National Digital Library. The team was also praised by the education minister Dr. Ramesh Pokhriyal Nishank, who appreciates their effort in getting aspirants exam ready.  

FILO has received good feedback and reviews from students. Since its launch, 4000+ students have used the app, and 30,000 minutes of sessions have been conducted by them, just in the first two weeks. Platforms such as FILO, which is accessible for free with lower internet speed, make this app distinctive from others.

Indian startups listed in ‘Google for Startups Accelerator program’

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Google for startups
Google for startups

Most of the small businesses and startups are struggling to find a way in these unprecedented times. Therefore, Google has decided to lend support to 20 Indian startups through the fourth edition of Google for Startups Accelerator program. 

The Indian edition of this initiative started way back in 2015. Since its inception, it has given a constant boost to India’s startup ecosystem. The program has mentored over 600 startups, which has collectively raised $700 million in funding so far. Google backs ten startup companies every year to help them accelerate their business. This year, however, the number has doubled, a move which they say is crucial, especially in times of crisis like this. 

GFS Accelerator’s mission is more important in the present times when this ecosystem faces unprecedented odds. Hence, we aim to focus single-mindedly on helping startups tide over the next 18-24 months, when the effects of the pandemic will be felt the strongest. – said Paul Ravindranath G, Programme Manager, GFS Accelerator, Google India

The Google for Startups Accelerator program is a three-month mentorship program. It includes mentorship and support for access to Google teams, tech guidance on projects, machine learning related support, UX and design mentorship, etc. from the company’s internal and external mentors, including network opportunities at industry events and PR support.

The tech giant has chosen these companies from various industries, including education, mental health and wellness, agritech, fintech, healthtech, and more. The fourth batch in Google for Startups Accelerator program was selected after careful screening of around 600 applications over the years. 

The shortlisted names start from the edtech company Antwak, founded by Joybroto Ganguly in 2019. It provides a video platform for elearning. Math Buddy is another edtech company that made it to the GFS batch. Founded by Kanan Bharadwaj in 2009, it leverages experiential learning making Maths easy and fun. 

To predict the job demand and deliver training, Virohan, another edtech company, was formed by Archit Jayasal, Kunal Dudeja, Nalin Saluja in 2018. 

BharatAgri, an agritech company, qualified for the accelerator program, mainly due to its humble attempt to change farmers’ lives. Founded by Sai Gole and Siddharth Dialani in 2017, it focuses on providing end to end solutions that empower farmers to make better decisions. 

Mera Cashier and Orowealth are the two fintech companies on this list. Mera Cashier was co-founded by Akhilesh Kumar, Gaurav Tomar, Sucharita Reddy, Suneel Kumar in 2019. This vernacular based app helps small businesses fastrack the process to get their due credit from customers. Orowealth, co-founded by Nitin Agrawal, Swati Aggarwal, Vijay Koppa, Yogesh Powar in 2017. It develops user-friendly apps that offer end to end solutions to all the finance management queries. 

Mosaic Wellness introduces customer first products that can provide an all-encompassing solution to their beauty and wellness needs. Conceptualized by Dhyanesh Shah, Revant Bhate, in 2019, it features cruelty-free products to implement its cause. Foxy.in, founded by Nikhil Gilani in 2018, is an e-commerce platform for products related to grooming and beauty.

Google for startups has included a game-based app as well in their GFS program. BlackLight Games, a multiplayer gaming cross-platform app, was founded by Shruti Sarraf in 2011.

There are a couple of tech apps like Ankush Chugh’s Dcoder and Aravind Murthy’s Factors.ai. Founded in 2019 and 2018, respectively, both leverage different technologies. Dcoder focuses on providing a coding platform open for all smartphone users to code in 35 programming languages. Factors.ai uses artificial intelligence for an efficient market analysis of SMBs/enterprises. 

Adding to the program’s diverse nature, Womaniya, a health tech startup that focuses on woman’s health, makes it to the list. The founders Avneesh Kumar, Kanak Waikar, Lakhan Suchdev, Siddharth Kothari provide a common platform for women to speak and discuss the health issues they face. 

Other healthtech companies include InnerHour, Navia Life Care, and WellThy Therapeutics. All these three companies serve different purposes. Amit Malik and Shefali Batra’s InnerHour focuses on mental and psychological wellbeing. Kunal Kishore Dhawan and Shourjo Banerjee’ Navia life Care is a digital platform for the health care providers who want to improve patient care. 

WellThy Therapeutics is a medicine platform in the digital world. Abhishek Shah, Aradh Pillai, Maaz Shaikh, and Prayat Shah conceptualized this idea of assisting patients with chronic diseases like diabetes, blood pressure, etc. in a digital environment. 

Zeo Auto, a mobility-based app founded by Kshitij Dixit, Nimit Mehra, Ritesh Singh suggests the shortest routes to drivers. It specifically targets individuals and courier companies to reduce their transportation costs. 

Other startups include Vikas Malpani’s Leher, a social networking app that focuses on live video sessions. Utkarsh Kawatra and Vinayak Agarawal’s my HQ provides flexible workspace solutions. Jani Pasha and Vipul Chaudhary’s Lokal is a local news publishing app. 

Yashraj Khaitan and Jacob Dickinson’s Gram Power is the first Indian energy company to develop the industry’s lowest cost smart electricity metering system.

Google’s decision to move forward with its Google for Startups Accelerator program in these COVID-19 times brings a ray of hope for the Indian startups. With a two-fold increase in the batch size this year, Google for startup stays true to its motto “Started by you. Accelerated with Google.”

Walmart and Flipkart continue to invest in Ninjacart

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Ninjacart Walmart and Flipkart - point2note
Ninjacart

India’s Ninjacart, which brings high tech solutions such as supply chain infrastructure to the nation’s produce market, has received new funding from existing investors Walmart and Flipkart Group. Neither the investors nor Ninjacart disclosed the amount invested.

The investment further strengthens Ninjacart’s partnership with Walmart and Flipkart to improve its reach and customer experience. At the same time, it can be considered a highly profitable move as ecommerce saw a huge jump in sales, specifically grocery items, due to the pandemic.

Ninjacart launched a series of initiatives during the lockdown such as food delivery through ‘Harvest the farms’ initiative, bringing farmers and customers closer. Also, launched ‘Food print’ – a traceability platform for its products to improve the food safety.

In August of this year, Flipkart launched Flipkart Wholesale, a B2B platform for small businesses and stores. The fashion-centric service also includes credit offerings for retailers. Ninjacart has developed many native solutions that work for India in scale. 

It has built India’s low-cost last-mile network utilizing an innovative network model combined with data science. Its less-than-12-hours connectivity from farm to shop helps prevent the need for a controlled temperature distribution chain for perishable goods. Walmart and Flipkart also invested in Ninjacart in December 2019, focusing on grocery and fresh produce segments.

The e-grocery market in India has seen tremendous growth over the past several months. We will continue to make investments to offer the best produce to our customers and support livelihoods and sustainable growth for local farmers, producers and the supply chain ecosystem. – said Kalyan Krishnamurthy, CEO of Flipkart Group

Ninjacart’s investors, along with Walmart and The Flipkart Group, comprise Tiger Global, Accel, Tanglin, Steadview, Syngenta, Nandan Nilekani, and Qualcomm.

The investment from Walmart and Flipkart will help Ninjacart reach a step closer to its mission of making food safe and accessible for billions of people. While Walmart and Flipkart will continue to focus on providing high-quality products to customers and contributing to economic opportunities for farmers through the usage of technology.

Nobel Prize 2020 in Medicine for discovering Hepatitis C

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Nobel Prize 2020 in Medicine for Hepatitis C - point2note
Nobel Prize 2020 in Medicine for Hepatitis C

In the recent change of events, three scientists from different parts of the world have found the method to isolate the Hepatitis C virus. The trio of Harvey J. Alter, Charles M. Rice, and Micheal Houghton has been awarded the Nobel prize 2020 in Medicine for their methods to discover the virus.

Prior to their work, the discovery of Hepatitis A and B viruses had been critical steps forward, but the majority of blood-borne hepatitis cases remained unexplained. The discovery of Hepatitis C virus revealed the cause of the remaining cases of chronic hepatitis and made possible blood tests and new medicines that have saved millions of lives, – said Nobel Assembly at Karolinska Institute

Among the three scientists awarded the prestigious Nobel Prize 2020 in Medicine, Harvey James Alter is the most senior researcher. He is an 85-year-old American scientist who is awarded the most decorated US award, Distinguished Service Medal. Distinguished Service Medal is the highest honor given to a civilian by the US government for public health service. He has also won the 2000 Albert Lasker Award for Clinical Medical Research.

The second-amongst the scientists is the 71-year-old Micheal Houghton, who is a Karl Landsteiner Memorial Awardee and is currently associated with the University of Alberta situated in Canada. Micheal Hughton is a British scientist who is known for declining the prestigious Lasker Award in 2013.

Charles M. Rice is the youngest scientist of the trio who has been working in the field of Hepatitis C virus since the beginning of his career. The researcher is associated with the Rockefeller University of New York.

The findings will be a significant discovery to save millions of lives who are daily going through pain without proper Medicine. This discovery has helped design sensitive blood tests that eventually eliminates the risk of transfusion-transmitted hepatitis. It has also helped develop antiviral drugs for hepatitis C and raised hopes of eradicating the virus worldwide.

Hepatitis C virus had remained unconquered for the scientists, causing a massive issue to humanity. With scientists being able to isolate the virus, it can be a giant stride towards eradicating chronic diseases. Thanks to the work of Harvey J. Alter, Charles M. Rice, and Micheal Houghton, who shared the Nobel Prize 2020 in Medicine.

IIFL Wealth Hurun India Rich List 2020: Who’s the richest?

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IIFL Wealth Hurun India Rich List 2020 - point2note
IIFL Wealth Hurun India Rich List 2020

The IIFL Wealth Hurun India Rich List 2020 identifies some of India’s richest entrepreneurs, both men and women, putting the spotlight on first-generation entrepreneurs who became billionaires. Most of the men and women who have made it to this list are young, self-made founders who started with innovative technology companies and were also responsible for doubling, tripling, quadrupling its revenue, and their own wealth many times over. 

The IIFL Wealth Hurun India Rich List 2020 saw some of the most well-known names take the top spots as well as new faces emerging with inspiring stories behind their rise to power. The Rich List 2020 report was prepared by the Hurun Report Inc., a luxury publishing and events group, together with IIFL Wealth Management Ltd., one of India’s leading Wealth Management Companies. 

The IIFL Wealth Hurun India Rich List is a barometer of the Indian economy, helping us understand which industries have gone up, innovated, or gone down. The stories of these entrepreneurs tell the stories of India’s modern businesses. – said Anas Rahman Junaid, MD, and Chief Researcher, Hurun India

This year’s release, which was quite insightful, spoke volumes about the impact of the lockdown on India’s richest entrepreneurs and how they have managed to hold on or pass on their titles. 

Here are the top 10 rich listers of the IIFL Wealth Hurun India Rich List 2020 in the order of rank, name, wealth (INR Cr.), and company: 

1 Mukesh Ambani 658,400 Reliance Industries 

2 Hinduja Brothers 143,700 Hinduja

3 Shiv Nadar & Family 141,700 HCL 

4 Gautam Adani & Fly. 140,200 Adani 

5 Azim Premji 114,400 Wipro 

6 Cyrus S Poonawalla 94,300 Serum Institute of India 

7 Radhakishan Damani & Fly. 87,200 Avenue Supermarts 

8 Uday Kotak 87,000 Kotak Mahindra Bank 

9 Dilip Sanghvi 84,000 Sun Pharmaceutical Industries 

10 Cyrus Pallonji Mistry/Shapoor Pallonji Mistry 76,000 Shapoorji Pallonji 

A total of 827 individuals comprising Indians and the Indian diaspora were featured in the list. The star of the show was Mukesh Ambani, who seems to have been immune and unfettered by the pandemic and the subsequent lockdown. In fact, 2020 has largely been in his favor. With a few strategic investments, Mukesh Ambani’s wealth saw a ‘V-shaped recovery’ from an initial onslaught due to the pandemic. Featured number 1 on the top 10 list, Mukesh Ambani is unshakeable from his position for the 9th year in a row. 

India is a land of entrepreneurs, and we are indeed pleased that IIFL Wealth Hurun India Rich List 2020, is able to showcase not just entrepreneurship but various other facets of our nation’s wealth creators. What is even more encouraging is that while the number of wealthy in the top cities has increased, the list features entrepreneurs from 111 cities, which is a testimony of the wealth creation taking place across the country. – said Anirudha Taparia, Executive Director, IIFL Wealth & Asset Management

The list has been compiled with thorough research making it an extensive report. All the data forming the basis of this report spans across multiple cities from every corner of India and even abroad. Deep insights can be gleaned, especially about how modern businesses have a big hand in the Indian economy and its GDP. 

The report’s key highlights suggest that the Pharmaceutical industry emerged as the biggest gainer with maximum new entrant entrepreneurs. In fact, the Bombay Stock Exchange Sensex (BSE) saw a 4.1% rise with the rise of pharma shares. The Covid-19 pandemic has seen a significant increase in healthcare expenditure, which has led to more pharmaceutical entrepreneurs entering the field. On the other hand, the Construction, Engineering, and Real Estate industries are naturally the most hard-hit this year and moved to lower positions on the list. 

Coming to impressive new entrants to the list, Byju Raveendran, a notable young entrepreneur, bagged the 52nd position with a wealth of  INR 20,400 Cr. Byju’s company ‘Think & Learn’ recently purchased White Hat Jr. for $300 Million. Both companies belong to the EdTech and online learning niches, which have gained significant traction during the lockdown. Ronnie Screwvala, of Unilazer ventures and UpGrad, is another noteworthy debutante on the list this year, with a net worth of  INR 6500 Cr.

The IIFL Wealth Hurun India Rich List 2020 puts a spotlight on some of India’s richest entrepreneurs every year and reveals interesting insights on the contribution of these valuable wealth creators towards the Indian economy.

Apple iPhone 12 unveiled, supports 5G network

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Apple Iphone 12 - point2note
Apple Iphone 12

Apple iPhone 12 was launched at the recent event. The company releases four new models, iPhone 12, iPhone 12 Pro, iPhone 12 Pro Max, and smaller iPhone Mini with wider screens and metal bodies. The company also confirmed the new iPhone range to support a 5G network, which made the launch the talk of the town.  

The new 5G has been tested on over 100 carriers across the world, hitting up to 4 gigabits per second download speeds in ideal conditions. – said Arun Mathias, Apple’s vice-president of wireless software 

Apple iPhone 12 has a flatter, square-edged design of the old iPhone 4. The device has a thinner design, which makes it lighter and smarter, despite the 5G antenna. Apple‘s new feature also taps into the new A14 Bionic processor for photo processing, helping colors to pop even more. 

iPhone 12 Pro & iPhone 12 Pro Max, both screens have the same “Super Retina XDR” technology, with HDR and Dolby Vision support. Users will be able to shoot and edit 10-bit Dolby Vision content right from the iPhone 12 Pro and Pro Max, something no other smartphone offers.  

Apple stated that it would not include wall chargers and lightning Earpods in the box because they are conscious of the phone’s environmental impact. They are also looking to reduce the usage of raw materials, allowing for a smaller retail box, meaning 70% more units can fit on a single shipping pallet and reduce carbon emissions. The company rolls back MagSafe, a unique feature of MacBook, which means a magnet system designed to hold a wireless charging pad in the right place to charge the iPhone. 

The company estimates the changes will cut over 2 million metric tons of carbon emissions annually, the equivalent of removing 450,000 cars from the road each year.

Apple iPhone 12 models in this year’s lineup support 5G connectivity for faster downloads and uploads, better quality video streaming, improved gaming, and higher-definition FaceTime calls. They also offer a Smart Data Mode where when 5G isn’t active, the smartphone will switch to LTE mode to save on battery.  

Apple has also made it to the list of 16 companies that won approval to manufacture products in India. Apple’s primary suppliers Foxconn Technology Group, Wistron Corp., Pegatron Corp. and Samsung Electronics Co. were among a list of global firms cleared by India’s Ministry of Electronics and Information Technology. About 60% of the total production, or 6.5 trillion rupees, is expected to be exported in the next five years.  

Apple iPhone 12 was launched at a virtual event this week. The four models, iPhone 12, iPhone 12 Pro, iPhone 12 Pro Max, and iPhone 12 Mini, will be available for the customers between Oct-Nov.

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