Author: News Desk

https://youtu.be/aJjnwbrVTgoStellantis and Samsung SDI will produce electric vehicles battery cells and modules in the US.Stellantis had signed a similar agreement with South Korea’s LG Energy Solution.Automakers are investing billions to accelerate a transition to low-emission mobility. Stellantis will invest over 30 bn euros through 2025 on electrifying its vehicle line-up.Stellantis aims to secure 130 GWh of global battery capacity by 2025 and 260 GWh by 2030.Its brands include Peugeot, Fiat, Opel and U.S. best-sellers Jeep and Ram.The firm aims to have more than 70% of its sales in Europe be of low-emission vehicles.The Stellantis-Samsung SDI venture aims to start operations by…

https://youtu.be/gmHlqmj6b9Q Mercedes-Benz has implemented its direct to customer’ model — ‘Retail of the Future (ROTF). Mercedes-Benz India will retain the ownership of the entire stock of cars. The appointed Franchise Partners will retail the cars by invoicing them directly to the customers . Mercedes-Benz will also be responsible for processing and fulfilling customer orders. There will be one nationally set price by the company with ROTF. This will be uniform across the country. Mercedes has invested Rs 60 crore into the ROTF strategy. It recently infused around Rs 1,700 cr into its India business to transform its retail strategy. “The…

https://youtu.be/kkwBprMRRkoIn India, Amazon Prime is about to become costlier by up to 50%. The Prime membership plans will vary accordingly.  The annual plan will be revised from Rs. 999 to Rs. 1,499.  For the quarterly plan, it will be from Rs. 329 to Rs. 459. The Rs 129 monthly plan will be changed to Rs. 179.  The new changes will come into effect “very soon”. Amazon Prime was launched in India five years ago  Prime provides an unparalleled combination of shopping, savings and entertainment.

https://youtu.be/AMmg9aUtGfA Popular Social audio app Clubhouse will soon roll out local language on its app in India. It will start with Hindi, Telugu, Tamil, Malayalam, and Bengali. This comes at a time when the audio-based live social networking space is having a tough competition. A clubhouse official has said that the app is working towards understanding the needs of Indians. Earlier, the clubhouse was restricted to the Apple mobile operating system, iOS. It launched a version for Android smartphones in May this year. Following Clubhouse’s popularity, Twitter and Facebook also launched similar audio-only rooms.

https://youtu.be/8GTGdKnQLHEAdidas has roped in Deepika Padukone as their brand ambassador.The focus will be fitness, both physical and emotional.An epitome of strength and resilience, she encourages millions around the globe.The deal will strengthen Adidas’ goal of democratising and diversifying sport for women via inspiring personalities.”Sports has taught me unique values,” Padukone said.”Both physical and emotional fitness is an integral part of my lifestyle now,” she added.  

https://youtu.be/AKjAL9TYbg8 India’s biggest conglomerate Tata reorganises its corporate structure Tata Industries is set to transfer its ready-to-eat meal business to the publicly listed Tata Consumer Products. This would be the second such transaction between two Tata entities. Earlier, Tata Chemicals had transferred its food portfolio comprising Tata Salt and Tata Sampann pulses to Tata Consumer. Tata Consumer houses the conglomerate’s food and beverage business It includes Tetley Tea, Eight O’Clock Coffee, Himalayan water and Starbucks, adding ready-to-eat meals to its portfolio Tata Consumer is the fifth-most valuable company among the group’s listed entities The first four are TCS, Titan, Tata Motors…

https://youtu.be/SCyzlbzywz4 Nykaa is all set to launch its IPO on October 28 and will continue till November 1. The price band of the initial share sale is fixed at ₹1,085-1,125 per share. Sebi had approved the company to raise funds via the public offering. The initial share sale comprises a fresh issue of equity shares worth Rs 630 crore. An offer for sale of Rs 4.19 crore shares by promoters and existing shareholder. Nykaa is a leading multi-brand beauty and personal care platform in India. It has been ramping up its presence in the fashion space. Nykaa, a profitable e-tailer…

https://youtu.be/5NQp5GJ7QdY India’s first-ever alcohol museum has opened in Goa’s Candolim. The ‘All About Alcohol’ museum opened its doors as a dedication to Goa’s rich heritage. Locally distilled drink ‘Feni’ made with coconut or cashew is the heritage drink of the state. “The museum intends to make the world aware of Goa’s rich heritage”, Nandan Kudchadkar, founder of the museum said. “Especially the story of feni, the strong local drink,” he added. He said they do not promote the habit of liquor consumption. “But, the gallery will showcase the unique and rich legacy of brewing feni”. The museum displays a wide variety of…

https://youtu.be/yEI-s_AnrLkUK satellite firm Inmarsat Holdings Ltd has got the approval to sell high-speed broadband to planes and shipping vessels Inmarsat will access the market via state-owned BSNL. BSNL received a license from India’s Department of Telecommunications, the London-based company said. Inmarsat has struck deals with SpiceJet and the Shipping Corp of India. Inmarsat already offers reliable but low-data “L-band” services in India. It can now offer much faster 4G-like “Ka-band” broadband on its GX network. Inmarsat’s connectivity comes from satellites in geostationary orbit.It will compete with low-earth-orbit satellite rivals like Space Exploration Technologies Corp and OneWeb.

https://youtu.be/AY–z0G0Bb4Tesla Inc has asked the PMO to slash import taxes on electric vehicles before it’s an entry.Tesla wants to sell imported cars in India this year.The company says taxes in the country are among the highest in the world.A media report said Tesla executives took the company’s demands to PM Modi’s officials last month Tesla said that India’s duty structure would not make its business in the country a “viable proposition”Tesla has separately put in a request for a meeting between Elon Musk and PM Modi.India levies an import duty of 60% on electric vehicles that cost $40,000 or less, and 100% on…