Author: News Desk

Praga introduced its limited edition luxury hypercar worth 1.36 million dollars in Dubai  Praga is a Czech automakerPragma Bohema is a spectacular hypercar with a power-to-weight ratio This road-legal day car has carbonfibre chassis and a twin-turbo V6 engine borrowed from the Nissan GT-RThe car can go from 0 to 100 within 2.3 seconds The Bohema is rated to 700bhp at 6800rpm with torque peaking at 725Nm between 3000 and 5000rpm Globally, Praga would manufacture only 89 Bohema cars in the next five yearsThe number is inspired by the company’s success at a road race that occurred in 1933Praga would make 10 units in 2023

Poonawalla Fincorp, an NBFC owned by Adar Poonawalla, stated that Poonawalla Housing Finance has been sold to TPG for Rs 3,900 crore. The agreement was reached for around 3.5 times the company’s estimated March 2022 net worth of Rs 1,081.8 crore. The sale of Poonawalla Housing Finance to Perseus SG Pte, a company connected to TPG Global, LLC, was approved by the board of Poonawalla Fincorp. This occurs at a time when one of the goals in the company’s Vision 2025 declaration listed value unlocking of the housing finance division. Additionally, it is consistent with the business’s emphasis on consumer…

The government reported that since the implementation of TDS rules in July, it has received a total of Rs 60.46 crore in tax from companies for transactions in virtual digital assets (VDAs), including cryptocurrencies. The government implemented a 30% income tax as of April 1 along with a fee and a cess on the transfer of cryptocurrencies including Bitcoin, Ethereum, Tether, and Dogecoin. A 1% Tax Deducted at Source (TDS) under section 194S of the I-T Act has also been implemented starting on July 1 on payments exceeding Rs 10,000 made towards virtual digital currencies in order to keep track…

Kempegowda International Airport’s Terminal 2 is on metaverse now Called ‘BLR Metaport’, it is one of the first terminals in the world that can be experienced on the metaverse Amazon Web Services (AWS) and Polygon jointly built the Metaport The Metaport offers an immersive, three-dimensional virtual experienceLong onto www.blrmetaport.com and register to experience the virtual tour of T2 Users will have to give camera and microphone permission for itUsers can make their own digital avatars They can do many activities such as visiting airline counters, checking into flights, and connecting with airport staff

India is likely to witness the launch of more SUVs in 2023. Jeep may launch the Avenger SUV in March 2023 Maruti is working on a 5-door Jimny which would be unveiled at the Auto Expo in 2023. Tata may issue facelift variants of Harrier and Safari. Nissan’s X-Trail might be launched at the 2023 Auto Expo. The five-seater Honda HR-V SUV is likely to reach the market by mid-2023.The MG Hector Facelift, priced at Rs 25-27 lakh, might be out by January 2023. The Volkswagen Tiguan Allspace is expected to be unveiled by January 2023 Another SUV to hit the market is the new Force Gurkha-5 door Mahindra Bolero Neo Plus and Toyota Fortune

Pure EV launches electric motorcycle ‘ecoDryft’The company claims that the product was designed, developed and manufactured locally Pure EV is a Hyderabad-based company It has an existing portfolio of electric scooters The ecoDryft will compete with TVS and Honda On a single charge, it can achieve a top speed of 75 kmphThe motorcycle is powered by a 3.0 KWH battery developed by Pure EVThe battery is designed to face tough environmental conditions The ecoDryft’s pricing will be announced in January 2023The motorcycle will be available in four shades – black, grey, blue, and red

United Airlines places a massive order to buy 100 Boeing 787 Dreamliners The purchase order includes an option to buy 100 moreDreamliners would replace United’s decade-old wide-body jetsUnited is a Chicago-based airline and one of Boeing’s largest customersBoeing planes constitute United’s entire wide-body fleetDreamliners would replace United’s Boeing 767s and some Boeing 777sThe massive order comes as United achieved profitability post the pandemic travel plungeThe Dreamliners are expected to be delivered between 2024 and 2032

Cell manufacturer GODI India begins the production of India’s first 5.2Ah 21700 cylindrical lithium-ion cells The silicone-based cells have an energy density of 275 Wh/kg It can store about ten times of energy when compared to the graphite anode An electric vehicle could get a greater range with lithium-ion cellsGODI India uses an eco-friendly, water-based electrode manufacturing process to stabilise silicon GODI India is the first Indian company to receive BIS certification to sell locally developed and produced lithium-ion cellsThe lithium-ion cell market is expected to be worth $5 Bn by 2030

The National Single Window System (NSWS) is a digital platform to guide you in identifying and applying for approvals according to your business requirements. The Know Your Approvals (KYA) module includes guidance for 32 Central Departments and 31 States. You are advised to check the relevant Government portals for any other required approvals. The portal hosts applications for approvals from 26 Central Departments and 19 State Governments. These approvals can be applied through NSWS. Process of Applying for DPIIT recognition through the National Single Window System

Tata Motors signed an MoU with Everest Fleet Pvt LtdEverest Fleet will deliver 5,000 XPRES-T electric sedans to TataThe firm already handed over 100 cars The XPRES-T EV is a popular name in India’s EV market It holds a market share of more than 90 per cent Tata says the partnership will enhance EV adoption in IndiaEverest Fleet launched the ‘XPRES’ brand in July 2022XPRES-T EV is the first vehicle under this brand