Author: News Desk
Mahindra & Mahindra has revealed that they have sold 35,976 automobiles in March 2023, a 31 percent increase over the previous month. With 3,56,961 units sold, an increase of 60%, the Indian brand has reached a sixer and set a record for yearly SUV sales. Mahindra sold 35,997 units in the passenger car market, a 30% increase in March 2023, and 3,59,253 vehicles overall, a 59 percent increase in sales year over year. Mahindra’s commercial vehicle category is also doing well, with sales of 22,282 cars and an increase of 12% in March 2023. 2,48,576 automobiles were sold in total…
The 37th annual Forbes world’s billionaires list has important positions for business tycoons located in the United Arab Emirates. Pavel Durov, Yusuffali M.A., Micky Jagtiani, Hussain Sajwani, Ravi Pillai, Abdulla bin Ahmad Al Ghurair, Sunny Varkey, Joy Alukkas, Abdulla Al Futtaim and family, and Dr. Shamsheer Vayalil are among the top ten UAE citizens on the list. With a net worth of $11.5 billion, Telegram messenger founder Pavel Durov has maintained his title as the wealthiest businessman residing in the UAE. He has taken up position 148. Retail Tycoon and Chairman of Lulu Group Yusuffali, who has a net worth…
India is nearing approval of a request to purchase US weaponry for its MH-60 Romeo multirole helicopters, including Hellfire missiles and Mark 54 anti-submarine torpedoes. Under a fast-track agreement for over USD 2 billion in 2020, the Indian Navy contracted for 24 of these helicopters, and they must be armed in order to conduct missions. Defence officials told ANI here that the proposal for the purchase of the MH-60 Romeo helicopter’s weapon package is at an advanced stage in the Defence Ministry and that talks are also ongoing with the American administration for the USD 300 million deal to be…
According to the latest industry figures, the export of Indian smartphones is anticipated to have exceeded $10 billion (more than Rs 82,000 crore) in the most recent fiscal year 2023. According to the Asian Lite, Apple’s “Made in India” smartphones currently account for 50% of all exports, followed by Samsung with 40% of mobile exports and other smartphone manufacturers with the remaining 10%. India is dominating the Global Electronics manufacturing scene and is doing well. The Government is placing a strong emphasis on smartphone manufacture and prioritising the Telecom sector. Global Industrial behemoths are now favouring India. The biggest phone…
The Chennai-based Zoho Corporation is confident in the ability of its “hub and spoke” development plan as it anticipates India moving up to become its third-largest market after the US and Europe. The shift, which started in 2020 in Tenkasi, has had great results, according to Sridhar Vembu, Co-founder and CEO of Zoho Corp. This hub now employs close to 1,000 employees. He told the journalists here on Monday, “We will shortly extend it to house 3,000 resources. Since the hub-and-spoke model is being implemented, the tiny enterprises that had been established prior to the pandemic will also be replicated…
In December of last year, Google added the “subject filters” function to its desktop search results. Based on the user’s search query, this function offers pertinent subjects and groups the search results appropriately. For instance, if a user searches for “Pixel 7” on Google, the search results will show up alongside the conventional tabs like “shopping,” “pictures,” and “news” on the right side of the page under categories like “details” and “reviews.” The technology behemoth recently made the ‘subject filters’ option available on Google Search for desktop users. Google claims that the subjects that are suggested are dynamic and alter…
Ease of doing business for MSMEs: The Goods and Services Tax (GST) is an indirect tax imposed on the supply of specific goods and services. It was introduced by the government in July 2017 and replaced a number of other indirect taxes, including excise duty, value added tax, purchase tax, service tax, etc. Companies that sell products and have a yearly revenue of more than Rs 40 lakh in states that fall under the standard category and more than Rs 20 lakh in places that fall under the special category must register for GST. Notably, there is no cost associated…
According to Bill Gates, the founder of Microsoft, autonomous cars will bring about the next significant revolution in the transportation industry. Recently, Bill Gates travelled across London in a self-driving vehicle. A British Start-up company named ‘Wayve’ created an autonomous car that Bill Gates travelled in while in London. Alex Kendall, the CEO of Wave, and a safety driver were with him. Calling the travel experience ‘unforgettable and amazing’ in a new blog, Bill Gates said that we have made a lot of progress in autonomous vehicles in recent years. Gates added that autonomous vehicles will change transportation in the same way that personal computers have changed office work over the next decade.…
The world’s top programmers will be granted 100,000 golden visas by the UAE as it aspires to become a magnet for international technology investment. To increase the share of the digital economy in the national GDP, investment in AI and software development will be essential. The Dubai Chamber of Digital Economy sponsored the 10th session of its quarterly digital industry seminars, concentrating this time on software development and the artificial intelligence (AI) business, as part of efforts to improve the sector. UAE golden visa lure for tech professionals Top executives, business leaders, specialists, and entrepreneurs came together at the event…
Kerala has also been involved in the Centre’s process of strengthening the National Startup Ecosystem Network ahead of the G20-DIA Summit in Bengaluru this August. Kerala also participated in the event showcasing innovative solutions aimed at improving the economy and upliftment of communities. The G20-Digital Innovation Alliance National Roadshow at Kalamassery was part of efforts to explore global potential through Kerala’s innovative companies. Incubators, Venture Capital firms, Angel Networks, Start-up Founders, Mentors, Experts and Government officials were part of the roadshow. Kochi was the eighth venue in the G20-DIA roadshow series. Earlier locations were Surat (Gujarat), Indore (Madhya Pradesh), Bhubaneswar (Odisha), Chennai (Tamil Nadu), Bangalore (Karnataka), Imphal (Manipur) and Greater Noida (Uttar Pradesh). Maker…