Author: News Desk
Electric passenger vehicle sales in India to increase in FY24It is expected to touch the 100,000 unit mark for the first time The Indian market is already witnessing a surge in the sales of passenger vehicles (PV)The current fiscal 2023 is expected to finish at the 50,000 mark Three years before, it was just 3,000 units Meanwhile, automakers Tata Motors, MG Motor India, and Mahindra & Mahindra are planning to launch models
Dubai unveils the concept of a ’20-minute city’.Residents will be able to travel to destinations within 20 minutes by foot or bicycle. The initiative intends to beautify urban areas and reduce the carbon footprint.The 20-minute city will be divided into four centres – sector centre, district centre, community centre, and neighbourhood centre. Each sector will feature different amenities such as a co-working hub, shopping centre, hospital, smart police station, school etcetera. About 55 per cent of the residents will be placed within 800 meters of mass transit stations. High-density areas will have connected pathways for pedestrians and soft mobility. The project…
Edtech giant Byju’s wants to exit from its jersey sponsorship deal with BCCIBCCI disclosed the matter at the BCCI Apex Council meetingByju’s replaced Oppo back in 2019Byju’s extended its sponsorship agreement until November 2023 for USD 35 million in JuneMeanwhile, BCCI has asked Byju’s to continue at least till March 2023Byju’s was one of the sponsors of the 2022 FIFA World Cup in Qatar
As China is battling the new variant of Omicron, companies across the world are concerned about its ripple effect on the global economy. Indian firms, be it electronics, attire producers, or gold and diamond exporters, all are worried about another bout of supply chain disruptions. They all depend upon China for supplies. For instance, attire producers rely on China for uncooked supplies. Smartphone makers anticipate a shortage of materials. Manufacturing down: In China, manufacturing is slowed down as several employees are down with infections. Besides, since the Chinese New Year is around the corner, there would be further delays in cargo movement.…
The programme TANSEED aims to help startups in Tamil Nadu receive funds. The scheme gives up to Rs 10 lakhs to early-stage startups. Other schemes such as the 100-crore emerging sector seed fund, the 30-crore exclusive fund for SC/ST entrepreneurs, ‘Tamil Angels’ platform for high-net-worth individuals, and the aggregator platform TANFUND for venture capital firms intend to strengthen the investment ecosystem. Several programmes have been introduced in incubation and acceleration arenas as well. S2G in market connect programmes to link startups with the government. Startups can give services and solutions to government departments. Programmes that cost up to Rs 50 lakhs will not have a…
As part of expanding its empire, Reliance Retail has signed a definitive agreement with Metro Cash & Carry India to acquire a 100 per cent stake in the latter for a cash consideration of Rs 2,850 crore. The acquisition is subject to some closing adjustments and is expected to be completed by March 2023. The acquisition will give Reliance Retail access to the vast network of Metro India stores and further strengthen Reliance Retail’s physical store footprint. Metro India stores are located across India’s key cities. It has a large base of registered kiranas and a supplier network. A pioneer…
As the ports-to-power conglomerate run by Gautam Adani gets closer to announcing its super app, The Adani Group launched a digital platform for its airport sector. Adani One, which was created in-house, will allow customers to book flights, track their progress, enter lounges, shop duty-free goods, hail cabs, and take advantage of parking options. Nitin Sethi, senior vice president and chief digital officer for consumer companies of Adani Group, stated on LinkedIn that “We have made progress in our digital journey.” We are working together to create a digital twin that will someday be similar to our traditional businesses. The…
Messi’s Instagram picture celebrating World Cup success now holds the title of the ‘most-liked post’ His post received more than 63 million likes on Instagram “CHAMPIONS OF THE WORLD!!!!!!,” wrote Messi on Instagram along with a heartful noteIt broke the record held by a plain photograph of an egg posted by the account @world_record_eggAdvertising executive Chris Godfrey posted the egg picture on January 4, 2019The sole intention was to dethrone the former record holder Kylie Jenner!
The Indian Railways would bring about Hydrogen-fuel powered, indigenously designed and built trains in December 2023. Currently, the design process is going on. Engineers would design them like Vande Bharat trains, informed the Railway Ministry. The Railways is also manufacturing the ‘Vande Metro’ train to support the middle-class and poor commuters. Vande Metro will replace the designs in the 1950s and 60s. The Vande Metro trains will be produced in mass numbers. The Railways is also working on the Vande Bharat-3 design which would be ideal for long journeys. Meanwhile, the Railways have started a new startup initiative for which about 800 startups have applied. The Railways will support the 50 selected…
James Cameron’s Avatar 2 has closed its opening weekend at the worldwide box office on a superb note. It has managed to rake in the third biggest global opening in the post-pandemic era after Doctor Strange In The Multiverse Of Madness and Spider-Man: No Way Home. However, the film opened a bit lower than expected at the North American box office. As per early trend reports, the film earned between Rs 16 crore and Rs 18 crore on day 4. Having already crossed Rs 160 crore in its first weekend, Avatar 2 will easily cross the Rs 200 crore mark…