Author: News Desk
New Indian budget airline Akasa Air plans to launch its first commercial flight in June It is working to get all relevant licenses to get started The airline is backed by billionaire Rakesh Jhunjhunwala, known as India’s Warren Buffett He has teamed up with former chief executives of IndiGo and Jet Airways to tap into rising long-term prospects for domestic air travel in India The airline aims to have 18 aircraft within 12 months from launch and will have 72 planes in five years The carrier will fly within India Akasa Air received initial clearance from India’s civil aviation ministry…
Tesla and SpaceX CEO Elon Musk could become the first person to accumulate a $1 trillion net worth It could happen as soon as 2024 Musk is currently the richest person in the world, overtaking former Amazon CEO Jeff Bezos Musk’s net worth, according to Forbes’ Real Time Billionaires list, sits at over $260 billion His wealth skyrocketed over the past few years because of the ownership of Tesla and SpaceX Other billionaires are also expected to hit the trillion-dollar range, but not before Musk
The Business of Fashion and McKinsey & Company says the fashion industry is all set to flourish in the coming years Recently, The Business of Fashion and McKinsey & Company released insights from their State of Fashion 2022 report that carries opinions by over 220 international fashion experts. According to the report, the future of fashion looks bright with the digital boom, domestic luxuries and product passports as the way forward. The Digital Arena With the increase in the Digital Environment, the multi-dimensional virtual world has become a prime channel for fashion brands looking to tap the younger slew of…
Tata Group firm Nelco partners with Omnispace for Satellite Services Tata Group firm Nelco has partnered with US-based Omnispace It will enable and distribute 5G non-terrestrial network (NTN) and direct-to-device satellite services The collaborative effort will expand the reach of 5G using satellite communication Nelco provides satellite communication services to enterprise customers across industry segments This agreement with Omnispace will focus on using Omnispace’s global NGSO satellite network The Omnispace network will deliver IoT-based solutions and a seamless mobile connectivity experience
Infosys to acquire oddity, German digital marketing agency IT services major Infosys announced its acquisition of oddity Oddity is a German digital marketing, experience, and commerce agency Oddity will become a part of Wondoody, a US-based digital creative and consumer insights agency, that Infosys had acquired in 2018 It will join Wondoody’s network of studios across Seattle, Los Angeles, New York, Providence, Houston, and London, and design hubs in five cities in India The acquisition is expected to close during the first quarter of fiscal 2023 The move is to strengthen Infosys’ creative, branding and experience design capabilities
The Centre and state governments are offering incentives and tax benefits to encourage people to buy EV Uttar Pradesh comes first with highest number of registered EVs as well as the highest EV sales list Delhi occupies the second spot in the greatest number of EV registrations The second spot on the highest EV sales list is Karnataka The list of the sales are Uttar Pradesh Units sold (2021-Feb 2022): 84,767Maharashtra Units sold (2021-Feb 2022): 46,185Karnataka Units sold (2021-Feb 2022): 44,270Tamil Nadu Units sold (2021-Feb 2022): 39,416Delhi Units sold (2021-Feb 2022): 33,650
E-commerce platform Nykaa launches new chic accessory label-IYKYK Nykaa Fashion was launched in 2018 by Ms Falguni Nayar, an investment banker-turned-entrepreneur. The brand merchandises segments of western and Indian wear, footwear, bags, jewellery, accessories, athleisure, home decor, bath, bed and kitchen items. It offers a mix of national, international and luxury brands along with emerging labels and designers. The E-commerce platform recently said it would launch a new chic accessory label-IYKYK. It is the latest in Nykaa’s fashion label among the widely loved consumer brands such as Pipa Bella, Nykd by Nykaa, Gajra Gang & RSVP. The monogram of the…
Tata Motors to hike prices by 2.5 percent on commercial vehicles Tata Motors will hike prices of its commercial vehicles range by 2-2.5 percent from April 1 The hike will be depending upon individual model and variant The rapid increase in the prices of commodities has incited this price hike of commercial vehicles In addition to higher costs of other raw materials , the cost of steel, aluminum and other precious metals has also increased Mercedes-Benz India had said it would increase prices of the entire model range by up to 3 percent The luxury automaker came to this decision…
Facebook losing its edge “I’ll POKE you on Facebook” seems to be a tad outdated. And that is what concerns the founder of Facebook. The gen Z seems to have moved on from this social networking platform and Meta’s cofounder Mark Zuckerberg has taken it as a personal challenge to bring the young blood back to the platform. This slow departure of young users, increasing data privacy concerns and rising cost per impression threaten Facebook’s advertising business, as it could lose its grip on social media ad spend. They are jumping to other social media platforms. In a recent survey the teen gen…
Ola-electric endowed investments in Israeli battery technology company, Store dot Store dot claims to make extreme fast charging technology (XFC) for e-mobility This is one of the first of global strategic investments Ola plans to make Ola will ramp up its research and development in advanced cell chemistry, manufacturing and new energy system Store dots XFC technology charges battery from 0 to 100% in just 5 minutes Ola also plans to set up a Gigafactory manufacturing cell to meet demands generated by Ola Future Factory A bid has been proposed under PIL for Advanced Chemistry Cell Battery Storage