Author: News Desk
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.
Indian billionaire Gautam Adani has overtaken France’s Bernard Arnault to become the third richest person in the world according to the Bloomberg Billionaires Index. This is the first time an Asian has made it into the top three spots on the Bloomberg Billionaires Index. Gautam Adani, who has a net worth of $137.4 billion, has overtaken Bernard Arnault to be in the list after America’s Elon Musk and Jeff Bezos. In 2022 alone, Adani added $60.9 billion to his fortune. That’s five times more money for him than for anyone else. He overtook Mukesh Ambani to become Asia’s richest person…
Chairman Mukesh Ambani announces the succession plan of Reliance Industries (RIL). Isha Ambani will lead Reliance’s retail business. Youngest son, Anant Ambani will head the Jamnagar-based Reliance New Energy business in Gujarat. The crucial announcements came at the company’s 45th annual general meeting. The new announcement comes almost two months after Akash Ambani was announced as Reliance Jio’s chairman. Mukesh Ambani will continue to lead Reliance Industries. He said he will dedicate himself to making the company stronger and future-ready.
Mukesh Ambani at Reliance’s annual general meeting said that the company’s scientists have developed a method to create biodegradable and compostable plastics, completely replacing single-use plastics. RIL is one of the world’s largest plastic producers, contributing over half of India’s plastic production.RIL currently recycles 2 billion PET bottles per year at its facilities in Balabankki, Hoshialpur and Nagothane. To support this transition, RIL established a recycled polyester staple fiber (PSF) production facility in Andhra Pradesh last August. RIL also announced the commissioning of a PET plant in Dahej capable of [producing million tonnes per year. This is expected to be…
Lamborghini is working on launching its first hybrid car in India next year. At the same time it is launched globally. It is part of the company’s global electrification strategy. Lamborghini is yet to launch a fully electric car. The company is expected to unveil the electric car in 2028.
Maruti Suzuki has huge investment plans in India. Maruti Suzuki’s announcement comes as it completes 40 years in the country. Prime Minister Narendra Modi laid the foundation stone for Suzuki EV Battery Plant in Hansalpur, Gujarat and Vehicle Manufacturing Plant in Kharkhoda, Haryana. The Prime Minister appreciated Suzuki for realizing the potential of the Indian market. The Prime Minister said that many other Japanese companies have expressed interest in investing in India. Japanese Prime Minister Fumio Kishida praised Narendra Modi’s strong leadership and attributed Maruti Suzuki’s success in India to the people and the central government. The factory at Hansalpur…