Author: News Desk

Whole world is curious about billionaire Mukesh Ambani’s succession plan for Reliance. Ambani first mentioned this during last year’s Reliance Family Day. He said that Reliance is heading toward a change in leadership. Mukesh Ambani, who is 65 years old now, has three children – twins Akash and Isha, and the younger son Anant. Reliance has three vast businesses spread over oil, petrochemicals, retail, and digital arenas. All businesses are equally big. While Akash and Isha concentrate on the group’s retail and telecom sectors, Anant focuses on renewable energy, oil, and chemical units. As per Reliance Jio Infocomm Limited’s regulatory filing,…

Meta integrates WhatsApp with Ray-Ban smart glasses. Now, Stories can make calls, hear message readouts, and send messages. The messages will be end-to-end encrypted. Third parties won’t be able to access them. Last year, Meta added an equivalent feature to Facebook Messenger. Meta debuted Ray-Ban Stories in 2021. The feature is available in the US, Canada, UK, Ireland, Australia, Belgium, France, Italy, Spain, and Austria.

Agnikul Cosmos opens India’s first private rocket engine factory It will produce 3D-printed rocket engines at scale The Rocket Factory-1 is at IIT Madras Research Park It has a metal 3D printer from the German-based company, EOS The facility will produce two rocket engines per week The 3D-printed Agnilet rocket engine was test-fired in early 2021 It turned out to be a success Agnikul Cosmos is supported by Anand Mahindra

Consumer brand iD Fresh Food plans product portfolio expansion. The brand is known for its idli and dosa batters. It is planning to relaunch its chapati brand in India. It had earlier relaunched chapati in the UAE. And, the product received good feedback. It also plans to expand to Tier II markets. The Bengaluru-based brand targets revenue of Rs 700 cr this year.

India, Israel, the US, and the UAE (I2U2) to work together. They will work for food security and clean energy. The nation leaders said in a joint statement at the I2U2 meeting. The UAE will invest $2 Bn in installing food parks across India. The parks will have modern, climate-smart technologies. This will reduce food waste, conserve fresh water, and deploy renewable energy sources. The US and Israeli companies will offer expertise and solutions. Also, on the card is a $330 Mn-worth hybrid renewable energy project. It will come to India’s Gujarat state.

Hyundai Motor launches first electric sedan It is named ‘Ioniq 6’ Ioniq 6 will have a driving range of about 610 km The automaker is yet to reveal the price It will come in two battery pack options – 53 kWh and 77.4 kWh The production will start at its Asan plant in South Korea this year The aim is to grab a bigger share of the EV market Currently, Tesla dominates the EV market

Xiaomi India hired 305 freshers from 100 business schools. Xiaomi India is a smart device maker. The hiring occurred under the ‘Mission 300’ programme. Across verticals like sales, marketing, and supply chain. The aim is to infuse fresh ideas into the company. Out of 305 candidates, 50-55 are women.

Ola may lay off up to 500 employees. It is part of Ola’s cost-cutting process. Ola reportedly asked senior executives to assess team performance. They are entitled to find out poor performing employees. The company aims for ‘leaner and consolidated teams’ . Ola has so far closed Ola Cars, Ola Dash, Ola Cafe, Food Panda, and Ola Foods.

Audi A8 L launched in India. A8 L is available in two variants. Celebration Edition and Technology. Priced at Rs 1.2 crore and Rs 1.5 crore respectively. It comprises all features one expects from a luxury sedan. A new front fascia with more chrome, and new 19-inch wheels. Inside, it had a 4 or 5-seater configuration. It also has a 10.1-inch infotainment system. It is powered by a 3.0-litre V6 petrol engine. It will accelerate up to 100 kmph in 5.7 seconds.

Ashneer Grover starts a new company. He was the former Managing Director and Co-founder of BharatPe. His new company is named Third Unicorn Private Ltd. Incorporated the company with his wife Madhuri Jain on July 6. Located in Delhi, it has a total paid-up capital of Rs 10 lakh. Share capital is Rs 20 lakhs. Ashneer is in talks with global investors for more funding, Grover joined the fintech startup BharatPe in 2018. But, he was ousted due to alleged financial irregularities. The company had terminated Madhuri Jain, too.