Author: News Desk
Anand Mahindra unveiled the first look of Mahindra’s ‘all-electric’ SUV, the XUV400. “Today is a very promising day and we are very excited to announce another launch soon,” read the caption of the video the Indian billionaire shared on his Twitter. According to the video, he plans to “unveil” the car on September 8, 2022. . The new XUV400 SUV appears to have completed a road test drive a few weeks ago. As the launch of INGLO-based EV is several years away, the need to establish Mahindra in the EV market is very significant. Mahindra and Mahindra are already facing…
In the foldable phone segment, Samsung is a pioneer. It has over 60 per cent market share in the segment. Recent reports say that the Korean smartphone maker is working on a new concept. It is a dual-screen phone with a transparent display at the back. Samsung filed a patent with the World Intellectual Property Office (WIPO) in January 2022. The patent has been published now. According to the patent, Samsung plans a phone with a secondary display at the back. The uniqueness is the display technology Samsung uses. The secondary display is said to be transparent. When turned on,…
According to a report by consulting firm KPMG, the total number of electric vehicles on India’s roads is expected to reach 5 million by 2030, creating huge opportunities for players in the charging ecosystem. Although electric vehicle (EV) penetration is currently low at around 1%, EV sales in India are expected to grow sharply due to strong demand, supply and regulatory factors, says KPMG in a report on the next big charging of electric vehicles. According to the report, electric mobility in India is developing rapidly, electric vehicles are gradually becoming mainstream, and the sales of electric vehicles in the…
The Department of Consumer Affairs (DoCA), Mininstry of Consumer Affairs, Food and Public Distribution (MoCAFPD) has announced the development of “technology for processing, storage and utilization of primary onions” as part of the “Grand Challenge for Onion Storage” . Stage 1 Brainstorming up to the PoC phase Prize money Rs.25000 up to 40 teams Development cost up to Rs.75000 per team Duration: 3-4 months Stage 2 PoC to product development stage Prize money Rs.50000 up to 20 teams Development cost up to Rs.5 Rough per team Stage 3 Field implementation One winner and the two or four runners-up will be…
Meta announced a new financial assistance feature that will facilitate cash flow for small businesses in India. According to the press release, India is the first country to introduce this feature. This allows the advertiser to pay for his advertising campaign in equal monthly installments over 3 months through participating banks without additional interest. Meta will cover the interest owed to the bank and provide it to the company as an upfront rebate on advertising costs.
Earlier this year, Twitter began testing a new feature called Twitter Circle that allows users to Tweet to a group of close friends. This is a lot like Instagram’s Close Friends feature. Users can add up to 150 people to her Twitter circle group and choose who to include and who to exclude at any time. When composing a Tweet, the user will have the option to share the Tweet with their circle or with the full list of followers. Users can also use the Edit button next to the Circle option to add or remove users. Users added to…
Adani Group will submit a public offer to acquire an additional 26% stake in media company NDTV on October 17th.The public tender to acquire 1.67 billion shares at Rs 294 per share is expected to close on 1 November, according to an advertisement by JM Financial, which manages the tender. If fully subscribed at Rs.294 per share, the public offering will be Rs.492.81 crore.On August 23, Adani Group announced that it would acquire a 29.18% stake in NDTV through the acquisition of VCPL, which owns 99.99% of RRPR Holding.
Known as the ‘Phantom of Bombay House’, billionaire entrepreneur Pallonji Shapoorji Mistry, the Chairman of Shapoorji Pallonji Group, has left the world leaving behind a great legacy. The business tycoon was 93 when he passed away. Who was Pallonji Shapoorji Mistry? Here is his story. The billionaire construction tycoon was born to a Parsi family from Gujarat in 1929. After his former education at Mumbai’s Cathedral & John Cannon School, he left for London to pursue his higher studies at Imperial College. Mistry’s entrepreneurial journey began at the age of 18 alongside his father, participating in the family business. The Mumbai-based Shapoorji Pallonji Group started operations in 1865. Mistry helped expand the 156-year-old business…
China’s BYD Auto has overtaken Elon Musk’s Tesla to become the best-selling EV brand. BYD Auto delivered more than 354,000 electric vehicles in the second quarter, up 266% year-on-year. Tesla’s global sales fell short of expectations with 254,000 vehicles, 27% year-over-year. While the U.S. business grew, Tesla’s China business was hit by his Covid-19 shutdown. According to Counterpoint Research, battery electric vehicles (BEV) account for about 72% of all EV sales, with plug-in hybrid electric vehicles (PHEV) making up the rest. China remains the leader in EV sales, followed by Europe and the US. EV sales in China have grown…
Union Minister for Electronics and Information Technology, Rajeev Chandrasekhar said that the IT ministry had no proposal to limit the sale of foreign-made smartphone brands under Rs 12,000. Chandrasekhar’s comments came after the reports that the capital may impose restrictions to encourage domestic players. Electronics as a sector has become the sixth largest export from India this year, he noted.