Author: News Desk
According to the chief executive officer of the US startup Fisker Inc, sales of its Ocean electric sport-utility vehicle (SUV) will start in India in July and the country may start producing its own automobiles in a few years. Henrik Fisker predicted in an interview in New Delhi that sales of electric vehicles will pick up speed by 2025–2026 and added that the company hopes to gain a competitive edge by being the first to market. After failing to obtain a reduced import tax for its vehicles, Fisker rival Tesla Inc. decided to postpone its entry plans into India. Similar…
Lately, under the leadership of its current Chairman N. Chandrasekaran, Tata Sons has been taking measures to consolidate its business for better efficiency. A recent report reveals that Tata Sons has decided to cut the number of listed companies from 29 to 15 in the coming months. The firm will now focus on investing in bigger projects that have more potential in the market. Besides the 29 listed companies, the Tata group has about 60 unlisted companies and hundreds of subsidiaries across ten sectors. The group had made certain important announcements in the past. Last week, the group announced a merger…
Anand Mahindra is known for supporting upcoming ventures. Recently, he tweeted a 2-minute video clip featuring a portable marriage hall. The hall built inside a truck can accommodate about 200 people. He was impressed by the concept. He lauded its creative and eco-friendly characteristics. He also expressed his desire to meet the brain behind this concept. The tweet went viral within no time. The video received more than 4 lakh views online.
Bollywood actor Ranveer Singh has invested in SUGAR Cosmetics. He will also be the startup’s brand ambassador. He would create strategies targeting GenZ and millennials. This is Ranveer’s first investment in the startup ecosystem. Vineeta Singh and Kaushik Mukherjee launched SUGAR Cosmetics in 2015. In May, the startup raised $50 Mn in Series D funding Currently, it is valued at nearly $500 Million
IT giant Infosys started the Infosys Digital Centre in Calgary, Alberta, Canada. The centre will aid Infosys’ growth in Canada. The company would bring 1,000 jobs to the centre in two years. It also aims to double its total workforce commitment in the country to 8,000 employees by 2024. Calgary, which is located in Gulf Canada Square in the city’s downtown commercial street, will bring Infosys closer to the clients there. According to Ravi Kumar, President of Infosys, Calgary is a centre of tech excellence. It is a pool of IT talent. Through the centre, Infosys will be able to…
Based on evidence from intelligence agencies, the Ministry of Information & Broadcasting ordered YouTube to ban 45 videos from 10 different YouTube channels. Over 1 crore 30 lakh views were accumulated for the videos that were prohibited. The Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 were used to pass the order. It was determined that these movies could “disturb public order” and generate “communal strife.” A mistaken exterior boundary was also depicted in some of these videos, placing portions of J&K and Ladakh outside of Indian jurisdiction. The sovereignty and geographical integrity of India were determined…
A Rs 208 crore Integrated Cryogenic Engine Manufacturing Facility (ICMF) has been established here by Hindustan Aeronautics Limited to handle all rocket engine production for the Indian Space Research Organization under one roof. On Tuesday, President Droupadi Murmu will officially open the cutting-edge ICMF, which has been constructed over a 4,500 square metre space and houses over 70 high-tech tools and testing facilities for the production of cryogenic (CE20) and semi-cryogenic (SE2000) engines for Indian rockets. An MOU was signed with ISRO in 2013 for the establishment of a facility to produce cryogenic engine modules at HAL’s Aerospace Division. It…
The US-based tech company Salesforce plans to hire 2,500 more employees in the next two years, said Arundhati Bhattacharya, Chairperson and CEO of Salesforce India. Currently, the company employs more than 7,500 people in India. The target is to increase the Indian employee strength to more than 10,000 by January 2023-end. In April 2020, the company hired more than 2,500 employees. The company’s priorities will be banking, financial services and insurance (BFSI), manufacturing, services and social service sectors. The cloud-based services provider has offices in Mumbai, Hyderabad, Bengaluru, Pune, Gurugram and Jaipur. Bhattacharya also said that she expects to witness…
Volvo is considering expanding its certified car business across India by early 2024. Its pre-owned car business is globally operated under the ‘Selekt’ platform. In India, the platform was recently launched with two dealerships. According to the CRISIL-OLX Auto report, the pre-owned market is expected to grow at a compounded annual growth of 19.5 per cent until the financial year 2027. It will reach up to 8 million units, adds the report. Volvo expects to cash in on this trend by drawing about one-third of its volumes from this segment in the coming years. According to Jyoti Malhotra, MD, Volvo…
Although electric aircraft may seem far-fetched, they are now available, at least for short distances. Larger planes are on the way, and two-seater Velis Electros are now quietly circling Europe. In British Columbia, electric sea planes are also undergoing testing. On September 15, 2022, Air Canada announced that it would purchase 30 electric-hybrid regional aircraft from Heart Aerospace of Sweden. Heart Aerospace anticipates putting its 30-seat aircraft into service in 2028. The first 50–70 seat hybrid electric commuter plane could be available soon after, according to analysts at the U.S. National Renewable Energy Lab. They predict that electric aviation could…