Author: News Desk

Kawasaki has given a sneak peek of the first electric motorcycle it will shortly introduce to the world market. The brand-new electric motorcycle was first observed in operation at the Suzuka 8-Hour competition and is still in the prototype stage. At the Intermot motorcycle trade show in Cologne, Germany, the prototype was on display. By 2025, Kawasaki intends to sell more than ten electric and hybrid motorcycles. According to Kawasaki Motors President Hiroshi Ito, the automaker plans to internationally debut at least three electrified vehicles in 2022. The event’s prototype served as the model for a real machine that would…

The edtech behemoth is reportedly aiming to downsize operations in over 60 cities throughout the nation as the fallout from BYJU’s major layoffs of 2,500 employees earlier this month continues to settle. Instead of meeting with consumers in person, inside sales representatives communicate with them over the phone or online. In addition, sales touch points will be BYJU’S Tuition Centers and Aakash coaching centres. The leading provider of educational technology has also tied the pay of thousands of its salespeople to goals met. Members of the sales team have been instructed to choose fixed wage ranges in line with their…

Mohammed bin Salman, the Saudi Crown Prince and recently chosen Prime Minister of the Kingdom, is expected in New Delhi on November 14 on a brief one-day visit. Before travelling to Bali, Indonesia for the G20 Leaders Summit, he will have meetings with Prime Minister Narendra Modi, External Affairs Minister S. Jaishankar, and National Security Advisor (NSA) Ajit Doval. The schedule is still being finalised, and the visit has not yet been formally announced. A source claims that the main topics of discussion between the leaders of India and Saudi Arabia will be trade and investment. This fiscal year, commerce…

With the launch of “Legacy,” Bacardi India declared its entry into the market for Indian-made whisky. This is the first made-in-India whisky produced by the alcohol industry. According to the company, it has already begun selling its product in Maharashtra, Telangana, and Uttar Pradesh, with intentions to do so in more states in the near future. It is a premium whisky made from Indian and Scottish malts with Indian grains. After bringing its global whisky portfolio to India a little over four years ago, Bacardi, which is primarily renowned for its white rum varieties in that country, now distributes two…

UAE amended provisions to the value added tax (VAT) rules. It will be effective from January 1, 2023.. Came in light of the GCC Unified VAT Agreement. VAT rule will undergo three significant changes: VAT registration can be exempted if all of a person’s supplies are zero-rated.Setting a 14-day window for releasing a tax credit note to pay output taxFTA to forcibly deregister registered persons in some circumstancesThe Gulf state levies no income taxesBut at the start of 2018, the UAE enacted a 5% value-added taxUAE collects a tourism tax equal to about 10% of the price of a hotel…

More than 150 entrepreneurs participated in the business exchange program that detailed business opportunities in Ras Al Khaimah, UAE. The participation of young entrepreneurs from different parts of the state was remarkable in the program organised by Kerala Startup Mission, Channeliam.com and various business organisations. During the program held at Integrated Startup Complex at Kerala Startup Mission Kochi, the delegations from Ras Al Khaimah Economic Zone spoke in detail about the business opportunities available there. Rakez CEO Rami Jalad said that entrepreneurs from Kerala can start an office with an investment of Two lakh eighty thousand rupees and take advantage…

Chinese smartphone maker Xiaomi Corp is winding down its financial services business in India. The company recently pulled its Mi Pay and Mi Credit apps in India. From the local Play Store and its own app store. Mi Pay is no longer listed among the recognised apps by regulatory body National Payments Corporation of India (NPCI). Mi Pay allowed users to make bill payments and money transfers.

Hero MotoCorp has new plans for the automobile sector. It plans to introduce autonomous vehicles and B2B vehicles. High-performance electric motorcycles are also on the anvil. Hero MotoCorp is India’s largest two-wheeler producer. It ventured into the electric scooter market in Octobe.r On October 7, it introduced an electric scooter under the brand Vida. This premium category’s prices begin at Rs 1.45 lakh. The company plans to launch its variants. It also offers services such as Mobility as a Service (Maas) and Battery as a Service (Baas).

B2B e-commerce company Udaan has raised $120 million in convertible notes and loans, led by current shareholders and bondholders, during a funding crunch in the startup sector. The e-commerce startup has now raised $300 million in debt and convertible notes, according to the email from the company’s chief financial officer, Aditya Pande. Some of the figures Udaan has achieved, such as a 1,000-bps improvement in unit economics thanks to operational cost and gross margin efficiency. Former Flipkart executives Sujeet Kumar, Amod Malviya, and Vaibhav Gupta created Udaan in 2016. Just two years later, in 2018, it attained unicorn status. For…

Google is preparing a legal challenge to block a decision by the Competition Commission of India (CCI) to alter how it approaches its Android operating system. Google is worried that the decision will limit how it promotes the platform. Since last week, the Alphabet division has been fined $275 million (Rs 2,265 crore) in two CCI decisions: one for its in-app commission policy and the other for abusing its position in the Android operating system market (OS). Despite the CCI-Android ruling’s smaller $162 million (Rs 1,334 crore) fine, Google is concerned because it wants more extensive corrective action.