Author: News Desk
Commercial electric vehicle maker Altigreen looks for fresh fundsIt is looking to raise Rs 1,000 croreAltigreen is backed by investors such as Reliance New EnergyThe Bengaluru-based firm raised Rs 300 crore in February 2022Now, there is a great demand for three-wheelers as last-mile transportationThe company wants to expand across IndiaIt also has plans to widen its product lineThe new fund would be spent towards that
At GITEX, the Dubai Electricity and Water Authority (DEWA) displayed robots capable of inspecting electrical cables. Mwafaq robots are exceptional in that they can reduce the cost and time of maintenance. These four-legged spot robots are used by DEWA to inspect high-voltage cable connections and find defects. It can be used safely to find water pipe breaks, carry out security and surveillance patrols, and make sure that construction projects are placed in difficult-to-reach locations. Cameras with various angles are among the specifications.
India’s readymade garment exports to surge. It would be over $30 billion by 2027, said the report by rating agency CareEdge. Indian readymade garment exports have been stagnant for the past five years. India’s shares in UAE and Australian markets are expected to rise. The trade deal with the UK would be a game changer. India’s current market share in the EU is 4-5 per cent. China is the largest player, holding 33 per cent of the total exports. Other countries are Bangladesh, Vietnam, Germany, Italy, Turkey, and Spain.
A demerger and IPO are planned for Jio Financial Services (JFS), a Reliance Industries unit. In a recent analysis, Macquarie Research predicted that JFS, upon listing, will grow to be India’s fifth-largest financial services company. The report indicated that JFS may rank as the fifth-largest financial services corporation in the nation with a net worth of $1 trillion, assuming a 6.1 percent interest in Reliance Industries Ltd. is eventually realised. It further emphasised how the Reliance company might undermine the payments industry and endanger other fintech models. According to Macquarie, consumer and merchant lending—the foundation of NBFCs like Bajaj Finance…
According to the OECD, India has one of the fastest growing economies in Asia with a growth rate of 6.6% this fiscal year, despite a worldwide slowdown brought on by a severe oil shock from the current Russia-Ukraine conflict. Despite slowing global demand and tightening monetary policy to combat inflationary pressures, the Organisation for Economic Cooperation and Development (OECD), a Paris-based intergovernmental organisation that focuses on economic policy, projects that India will have the second-fastest growing economy in the G20 in FY 2022–2023 behind Saudi Arabia. As exports and internal demand growth decline, the country’s GDP growth will slow to…
In response to declining personal computer demand that has reduced revenues, HP Inc. announced it will cut up to 6,000 jobs over the next three years. The fiscal year ending in October 2023 would see earnings of $3.20 to $3.60 per share, excluding certain factors, according to a statement released on Tuesday by Palo Alto, California-based HP. According to data gathered by Bloomberg, analysts had projected a share price of $3.61 on average. The amount of free cash flow will be close to $3.25 billion, which is less than anticipated. Enrique Lores, the company’s chief executive, stated in an interview…
The Department for Promotion of Industry and Internal Trade (DPIIT) has issued a call for startup applications for registration on the MAARG portal, the National Mentorship Platform by Startup India, in an effort to improve the startup ecosystem in the nation. According to officials, Startup India is focused on catalysing the startup culture and creating a robust and inclusive ecosystem for innovation and entrepreneurship in India in order to further strengthen the Indian startup ecosystem, which is now rated third largest globally. The Mentorship, Advisory, Assistance, Resilience and Growth (MAARG) portal is a one-stop platform that enables mentorship for startups…
Have you ever tried an electric toothbrush? In dental care, an electric toothbrush is a new norm. It is considered one of the easiest and best ways to maintain oral health. They are either battery-operated or rechargeable and are said to be an ideal choice for cleaning plaque. Experts say that electric toothbrushes also ensure healthier gums and prevent tooth decay. We have curated a list of the best electric toothbrushes in India for you counting factors such as comfort, movement, head type, grip, battery and cleaning modes. Check out the list to choose the best toothbrush for you. MI’s…
Apple introduces battery-saving mode in watchOS 9 The feature can be enabled manually. Use the settings menu or control centre. Alerts will be sent when the watch’s battery is 10%. Certain features will be automatically turned off. Features like ‘always on display’, ‘heart rate notifications’, ‘workout reminders’, and ‘WiFi and cellular connections.’ Apple already has an optimised battery charging feature
Maruti Alto K10 CNG launched in India It is the brand’s 13th CNG model. The Alto K10 CNG is available in a single VXi variant