Author: News Desk

Air India leases 30 planes to expand operations. It includes 25 Airbus narrow-body aircraft and five Boeing wide-body planes. The planes will enter service in December Wide-body planes will allow longer distances like the India-US route. This is the first significant expansion of Air India under the Tata Group. Tata Group took the airline’s control on January 27, 2022. The lessors will deliver the planes by the end of 2023 Under the new business model, Air India will offer premium economy class too.

Direct-to-consumer (D2C) company Mensa Brands acquired health food startup MyFitness for an undisclosed amount, with the goal of growing it to $1 trillion over the next three to four years. The acquisition will help Mensa Brands launch new categories, expand D2C, invest in brand building and expand into global markets. Founded by Mohammad Patel and Rahil Virani in 2019, MyFitness is popular with fitness enthusiasts, millennials, Gen Z, and athletes. MyFitness was the first company to launch a chocolate version of peanut butter in India and the world’s first chewy peanut butter. They are also the Official Snack Partner of…

Centre to issue new guidelines for social media content creators. This will be applicable to influencers across social media platforms Influencers who receive freebies from firms are subjected to taxes. The new guidelines insist that influencers must declare details of their paid promotions. The government says it’s to protect consumers from fake reviews. Otherwise, heavy penalties would be charged. First offence will be charged with Rs 10 lakhs. Habitual offenders will have to pay Rs 50 lakhs. New guidelines will be announced in the following 15 days.

Alphabet Inc is considering India for some of its Pixel smartphone production. A new report suggests that some production of Pixel phones will be moved to India from China owing to the recent Covid-19 lockdowns and the rising tension between the US and China. Earlier this year, global supply chains were disrupted when China closed key tech hub Shanghai and other cities due to a surge in Covid-19 cases. And, recently, the United States banned exports of some high-end chips to China, causing tension between the US and China. Alphabet is yet to confirm the news. However, the report says that…

In Doha, a Mongolian falcon that was used for hunting was sold for 911,000 Qatari riyals. The use of falcons for small game hunting and other practices, generally known as falconry, is a major aspect of culture in the Gulf countries, where the avian animal commands a premium among citizens. On the penultimate day of the exhibition, Bader Mohsen Misfer Saeed Al Subaey placed the highest winning offer of 911,000 Qatari riyals. The Katara International Hunting and Falcons Exhibition, which featured more than 180 companies from around the globe and lasted six days, concluded on Saturday. On display were falcons,…

India’s minister of petroleum and natural gas, Hardeep Singh Puri, said that in the near future, most of the country’s crude oil supply will come from the Gulf region, including Saudi Arabia and Iraq, as India seeks a secure and affordable energy base.  Indian refiners have scooped up relatively cheap Russian oil that has been shunned by Western companies and countries since sanctions were imposed on Moscow over military special operations in Ukraine. India’s imports of Russian oil increased by 4.7 times from April to May, or more than 400,000 barrels per day, but fell in July. Crude oil imports…

Mahindra reveals its electric SUV XUV400. The price of the car will be revealed in January 2023. Deliveries also might begin by the end of January. Mahindra XUV400 is an all-electric version of the XUV300. It is powered by a 39.5kWh battery pack. The SUV claims a total range of 456kms on a full charge. It can be fast charged to 80% in 50 minutes. XUV400 is longer than XUV300. It has six airbags, disc brakes on four corners, ABS with EBD, and a rear parking camera with sensors.

India’s third Vande Bharat Express successfully completes trial runs. It completed the ‘water glass test’ running at a speed of over 180 km/hr. A glass was filled to the brim and placed next to a speedometer in the driving chamber. The glass remained stable when the fastest engine-less train sped up. Even at its peak speed, it maintained stability. Now, the Express all is set for its passenger run.

Electric mobility startup Yulu today raised $82m (£653m) in a Series B round led by mobility technology company Magna International. Existing investor Bajaj Auto also participated in the round. Yulu offers Electric Mobility as a Service (MaaS) and Battery as a Service (BaaS). The funds will be used to expand the fleet over the next 12 months, making the battery swap network ten times the capacity at a time. Yulu has also expanded its EV fleet to more than 100,000 of electric two-wheelers, and within the same period it plans to install more than 500 battery charging and swapping stations.…

The Tata Group plans to buy a stake in India’s biggest packaged water company, Ramesh Chauhan-owned Bisleri International. The Tata Group`s Tata Consumer enterprise, which sells Tetley tea, Eight O` Clock coffee, Soulful cereals, salt and pulses, operatingStarbucks cafes, is actively exploring strategic acquisitions. Inorganic increase could be a “considerable part” of the increase strategy. Tata Consumer has its personal bottled-water enterprise below NourishCo, however that stays a spot enterprise. Bisleri has greater than a hundred and fifty production flowers and a community of over 4,000 vendors with 5,000 vehicles throughout India, consistent with statistics on its website.Apart from mineral…