Author: News Desk
Ola Electric to open ‘experience centres’. It is to boost its scooter sales. In India, Ola S1 Pro electric scooter is currently facing a fall in sales. Customers can walk into the centres to collect information on vehicles. They can also request test rides, purchase assistance, and after-sales support. Ola will own and operate these centres. The plan is to install more than 200 centres by March. There would be at least one store in every city.
The largest drone manufacturer in India, IdeaForge Technology Pvt., which is supported by Qualcomm Inc., is thinking about holding an initial public offering in Mumbai that might garner around $125 million. According to the sources, the company is collaborating with financial advisers on a potential offering that might take place in the first quarter of 2023. According to sources, the Mumbai-based company wants to sell shares valued at roughly $700 million, most of which may be brand-new shares.’IdeaForge plans to submit a preliminary draft prospectus to the regulatory body by December.
In the business world, Market Cap or Market Capitalization is an important tool in determining the comparative value of firms in terms of trading opportunities. Market cap means the worth of a company computed from the total value of all its shares. Let us have a look at the world’s top 10 companies based on market cap. 1. Apple The US-based Apple’s market cap is $2.53 trillion. It is the world’s leading enterprise. The multinational company offers software, consumer electronics, and online services. 2. Saudi Arabian Oil Company (Saudi Aramco) Saudi Aramco, which is based out of Saudi Arabia, holds…
In an effort to draw in Rs 94,000 crore in investment, the Cabinet on Wednesday approved a Rs 19,500 crore production linked incentive (PLI) scheme on the “national programme on high efficiency solar PV modules.” One of the advantages anticipated from the PLI programme is the installation of a manufacturing capacity of around 65,000 MW annually for completely and partially integrated solar PV modules. Anurag Thakur, the minister of information and broadcasting, provided details on the Cabinet decision, stating that the industry would provide roughly 2 lakh direct jobs. The national initiative intends to lessen import dependency in the renewable…
The aviation ministry is all set to make the sector environment-friendly. The Union Minister for Civil Aviation Jyotiraditya Scindia has said that by 2024 more than 90 airports in India will be carbon neutral. Kochi and Delhi airports are already carbon neutral. The ministry’s aim is to achieve a net zero emission status by 2030. Not only that but the number of airports will also increase from the current strength of 141 to 220 by next year. Within the last eight years, the number of airports has increased from 74 to 141. Currently, India has over 200 million domestic and…
The central bank digital currency (CBDC) is about to be launched this financial year in FY23. The introduction of a central bank digital currency will give a big boost to the digital economy. Digital currency will also help in the currency management system. CBDCs will benefit the economy with retail consumers being able to make easy, secure and fast payments. CBDCs could also be scheduled to pay taxes or make other payments to the government as a part of routine transactions.
In order to safeguard its margins as key currencies fall in value against the US dollar, Apple Inc. announced significant price increases across the board for apps and in-app purchases from Europe to Asia. The business stated in a message to developers that customers in countries that use the euro, as well as those in Sweden, Japan, South Korea, Chile, Egypt, Malaysia, Pakistan, and Vietnam, will all experience pricing increases as early as October 5. Apple claimed that the price increase in Vietnam also reflects new local tax collection procedures without going into further detail as to why it is…
The third-richest man in the world, Gautam Adani, and Mukesh Ambani, the head of Reliance Industries, have agreed to refrain from hiring employees from one another as part of a no-poaching pact. The agreement will be applicable to all of their operations as of May of this year. Business Insider’s inquiries to both organisations went unanswered. This agreement is intriguing since it was reached between two of the biggest conglomerates in India, both of which have recently entered markets where the other has a significant presence. Reliance has a major foothold in the petrochemical industry, and Adani Group announced its…
Massachusetts-based startup with support from Harvard A battery for electric vehicles created by Adden Energy can be fully charged in three minutes and has a lifespan of roughly 20 years, which is more than twice as long as the batteries used in EVs today. The Harvard Office of Technology Development has an exclusive licence for the technology utilised in EV batteries. Along with Rhapsody Venture Partners and MassVentures, Primavera Capital Group has also invested $5.15 million in the firm. The new battery has a lithium metal core as opposed to the lithium-ion used in EVs. Researchers claim that the battery’s…
Good news for Starbucks lovers! The brand is all set to create a similar experience across stores through its programme called ‘Starbucks Connect.’ Currently, the company offers ‘inconsistent experience’ across locations. As part of the new initiative, you will get all perks of standalone Starbucks outlets when you visit licensed stores in airports, Kroger, and other retailers. The chain is also extending reward and mobile ordering to licensed stores. The announcement was made by Chief Marketing Officer Brady Brewer at Starbucks Investor Day, held on September 13 in Seattle. For Starbucks, rewards and mobile ordering were key sources of growth…