Author: News Desk
American electric car maker Tesla has lost three senior executives at its India office. The company has lost three members of its original 12-strong team since the resignation of Country Policy Head Manoj Khurana in June. These exits signal a waning interest in the Indian market. However, the company has not yet abandoned its office and legal entity.The company will be incorporated in Bangalore on January 8, 2021 and plans to launch vehicles within six months. Tesla’s plans for India have been hit by the government’s stance on electric vehicle (EV) import tariffs. India currently imposes a 60% tariff on…
Union Finance Minister Nirmala Sitharaman was the chief guest at the 10th Convocation of the Indian Institute of Information Technology Design and Manufacturing Kanchipuram (IIITDM Kanchipuram). On the occasion, Sitharaman emphasized that higher education in India contributes to some of the world’s best business executives, with about 25% of all Silicon Valley startups being led by “people of Indian descent.” By providing equal opportunities for all young people regardless of gender or class, the entire 65% of the young workforce can contribute to India’s growth. India’s working-age population is much larger than China’s, she said, adding, “This highlights the importance…
A blanket, indeed a blanket of snow…a destination that you shouldn’t miss when visiting Munnar. Blanket Nature Hotels in Pallivasal will amaze you with the luxury experience nature has prepared for you Blanket is undoubtedly the best eco-friendly resort to stay in Munnar. The room, the food and the ambience is luxurious. Attukad Falls can be enjoyed sitting in a cozy room or from the balcony. The river flows wildly through the forest, the water drops falling on the cliff and rising together with the fog creates a magical sight. This wonder of nature that cannot be seen anywhere else.…
Hop Electric launched the Oxo electric motorcycle. The starting price is Rs1.25 lakh. It is available in two variants – Oxo and Oxo X. Hop Oxo is built on a 72V architecture. It claims a 150 km range on a single charge. Hop Oxo comes with three riding modes – Eco, Power, and Sport. The motorcycle can be charged at any 16Amp power socket with a portable smart charger. The company claims 15 per cent better efficiency than rivals.
The name Meesho is buzzing in the e-commerce world now. A shortcode for ‘My Shop’, the social commerce platform gained popularity after the pandemic and gathered 120 million monthly active users. A big competition to e-commerce giants Amazon and Flipkart. They have 200 million registered users each. Before the pandemic, the platform launched by Vidit Aatrey and Sanjeev Bamwal was led by 15 million women sellers who bought products from the platform and resold them via WhatsApp and Facebook Groups. Now, it has a share of about 30 per cent of daily online deliveries. Out of the 9 million daily e-commerce orders, Meesho holds 2.7 million which…
The IT department wants the winners of online games to use the updated income tax returns (ITR-U) scheme. To disclose their incomes and pay taxes with applicable interest. Central Board of Direct Taxes (CBDT) chairman Nitin Gupta said that players associated with just one gaming portal have been found to have won Rs 58,000 crore. The gross gaming winning amount is chargeable at 30% tax without any rebate or deduction. Gupta added the CBDT was in the process of issuing a clarification on the applicability. Section 194R of the Income Tax Act 0.1 million ITR-Us have been filed by taxpayers.…
For those who are looking for a job, here is good news. Qatar Airways is hiring a significant number of staff for its various divisions across India. Indian citizens can send applications from September 16. The recruitment drive will happen in Delhi on September 16 and 17. In Mumbai, the recruitment drive will occur on September 29 and 30. Qatar Airways will hire staff for Qatar Airways, Qatar Duty Free, Qatar Aviation Services, Qatar Airways Catering Company, and Qatar Distribution Company to the Dhiafatina Hotels. Staff will be hired for roles such as culinary, corporate and commercial, management, cargo, customer…
Sequoia Capital India and Southeast Asia announced the launch of Pathfinders. Pathfinders is a platform that connects early stage founders in India and Southeast Asia with global operators who can help startups succeed in emerging markets with a US focus. The platform connects founders with experienced leaders to help founders accelerate their business-building journey, formulate go-to-market strategies, acquire their first batch of global customers, hire key employees, and help rethink business design decisions.Pathfinders harnesses the power of the international network Sequoia has built over his 50+ years to help companies get a head start on their global ambitions. Founders provide …
With a HDI value of 0.633, India positioned 132 out of 191 nations in the 2021 human development index, as per a report delivered by the United Nations Development Programme (UNDP). India is set in the mediumHuman Development category.In the 2020 report, India had 0.645 and was positioned 131 among 189 nations.Human development is a proportion of a country’s well being, training, and normal pay.It has declined for quite some time – 2020 and 2021 – turning around five years of progress, the report said.India’s downfall is in accordance with the worldwide decay. Without precedent for 32 years human development…
Indian Railways has drawn up plans to become an exporter of wheels and issued a tender on Friday to build a factory that will produce at least 80,000 wheels each year, Labor Minister Ashwini Vaishnaw said. At a press conference, Vaishnaw said the forged wheels needed for high-speed trains and LHB coaches are now being produced at the Make in India factory and the annual Rs 600 crore will secure procurement of 80,000 wheels. He said it was the first time railways had put out a tender to build a wheel factory in India and invite private contractors to manufacture…