Author: News Desk

Pawan Munjal invests in Exponent Energy. Exponent Energy is an Electric Vehicle (EV) charging infrastructure startup. Pawan Munjal is the chairman of Hero Motocorp. Exponent Energy will set up 100 EV charging stations in Bengaluru. It will also increase its EV battery pack production capabilities. Moreover, Exponent will expand its footprint to other cities. The startup has plans to produce an electric three-wheeler. For that, Exponent will partner with EV manufacturer Altigreen Propulsion.

Emirates is growing as a startup hub. Dubai SME is pivotal in achieving that. The initiative started two decades ago. Since then, it attracted innovative business ideas. The initiative supported the launch of over 11,000 startups. It advised 45,000 entrepreneurs. Now, Dubai’s SME community constitutes 99.2 per cent of Emirates’ total companies. It comprises 50.5 percent of Emirates’ workforce. Emirates is keen to be a global startup hub.

The Ministry of Electronics and IT (Meity) will now conduct compliance audits of social media companies every quarter.To tighten the noose on social media platforms, the government has proposed to set up an appellate panel which will have power to overrule decisions taken by social media companies with respect to any grievance. The public consultation process with respect to the proposed rule has been wrapped up by the IT ministry. 

Smartphone users spend four to five hours per day browsing apps in a day. There are now 13 markets where users spend more than four hours per day using apps.These include Indonesia, Singapore, Brazil, Mexico, Australia, India, Japan, South Korea, Canada, Russia, Turkey, the US and the UK. Facebook is number 1 by monthly active users, ahead of WhatsApp, Instagram, Messenger, TikTok, Telegram, Amazon, Twitter, Spotify and Netflix.

https://youtu.be/G7tZNlfknVsWhat is the greatest measure of success? Most would answer that it is money. However, one of the world’s richest men Warren Buffett has a different opinion. According to him, it is love, not money that measures one’s success. Warren Buffett, who has an estimated net worth of over $116 billion, says it is not your bank balance that determines your success. According to the book “The Snowball: Warren Buffett and the Business of Life” by Alice Schroeder, he shared this profound thought during an interaction with students held at the University of Georgia in 2001. At the interaction, students asked him…

Ola Electric may finally introduce its first electric car in the country.The company’s CEO, Bhavish Agarwal, has said that the company will introduce a new product on August 15. Agarwal had earlier teased the car and even shared a render, giving us our first look at the electric car.

Adani Enterprises arm Adani Road Transport Ltd will acquire a 100% stake in Andhra Pradesh toll roads portfolio (STPL) and 56.8% stake in Gujarat toll roads portfolio (GRICL), from Macquarie Asia Infrastructure Fund (MAIF).ARTL will acquire 56.8% in GRICL and 100% stake in STPL subject to regulatory approval. The transaction is expected to close in September this year.

https://youtu.be/Vb6rIStPPSo Pakistan’s star startup announced its shutdown on July 12, 2022. The announcement surprised the country, hundreds of Pakistani startups and even the startup evangelists in India. This came as a shock as ‘Airlift’, the same startup that raised more than Rs 500 crores a year ago, suddenly announced its shut down. Airlift’s founders were Usman Gul, Meher Fahrukh and Ahmed Ayub. Within a year or two, the trio became the poster boys of Pakistan’s startup ecosystem. ‘Airlift’ was an Uber-like bus service. In 2020, Covid-19 messed up everything for them. Two questions stood before them: Should the company go ahead when…

The launch of 5G services by Prime Minister Narendra Modi will happen on September 29 and not on Independence Day as planned earlier. The launch will coincide with the opening ceremony of India Mobile Congress (IMC) 2022. The PM has already inaugurated the country’s first 5G testbed on May 17, which would enable start-ups and industry players to test and validate their products locally and reduce dependence on foreign facilities.

https://youtu.be/MM21vMblqsw Two-wheeler startup ‘River’ gets $11 million funding Lowercarbon Captial and Toyota Ventures invested in River. The funding will be used for expanding the team, and R&D. The company also plans to set up a manufacturing facility. The startup so far received $13 million in funding. It raised its seed round of $2 Mn in March 2021 Israel-based Maniv Mobility and San Francisco-based Trucks VC did that investment. River is a Bengaluru-based electric two-wheeler startup.