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Fame III: Government proposes up to 50,000 crore corpus to support EVs industry-thumnail

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry

The government has revealed the draft of the FAME III, which includes a budget allocation of Rs 40,000 50,000 crore to support vehicles (EVs).

Automotive

Aug 11, 2023

Truecaller introduces an AI-enabled call-answering feature for users-thumnail

Truecaller introduces an AI-enabled call-answering feature for users

Truecaller has recently launched Truecaller Assistant, an AI-powered feature that helps users manage their calls efficiently.

Artificial Intelligence

Aug 11, 2023

Pyramid Technoplast IPO is to open for subscription on 18th August-thumnail

Pyramid Technoplast IPO is to open for subscription on 18th August

Pyramid Technoplast, a company specializing in packaging plans to initiate its Initial Public Offering (IPO) between August 18 and 22 following the trend of public offerings this month.

Business

Aug 11, 2023

Ather Energy set to electrify the market with triple scooter launch-thumnail

Ather Energy set to electrify the market with triple scooter launch

In order to increase Ather Energy’s market share in the extremely competitive electric scooter sector, the Ather 450S is positioned to be a more affordable electric scooter. This product is projected to immediately compete with the soon-to-be-released Ola S1 Air.

Business

Aug 11, 2023

Following Joe Biden’s China tech sanctions, US investors are concerned about reprisal-thumnail

Following Joe Biden’s China tech sanctions, US investors are concerned about reprisal

While the market mostly ignored President Joe Biden’s decision to limit some US technology investments in China, US investors expressed concern that Beijing might retaliate or refrain from purchasing American technology.

Business

Aug 11, 2023

‘Ability to stay invested indefinitely’: Zerodha invests Rs 1,000 crore in Rainmatter to support businesses-thumnail

‘Ability to stay invested indefinitely’: Zerodha invests Rs 1,000 crore in Rainmatter to support businesses

Nithin Kamath, CEO of Zerodha, stated on Wednesday that the company has expanded its investment in its startup accelerator fund, Rainmatter. According to Kamath, the allotment has been enhanced by Rs 1,000 crore. He noted that the fund has invested about Rs 400 crore in the last seven years. 

Business

Aug 11, 2023

HCL Technologies bags a $2.1 bn deal from Verizon for Managed Network Services-thumnail

HCL Technologies bags a $2.1 bn deal from Verizon for Managed Network Services

HCL Technologies has secured a $2.1 billion agreement, with Verizon Business to provide managed network services. This deal is expected to have an impact on revenue for the six years starting from November 2023.

Business

Aug 11, 2023

Financial Setbacks Resulting from Interruptions in the Supply Chain Witness a Decline of Over 50% in 2022, Yet Hindrances Persist-thumnail

Financial Setbacks Resulting from Interruptions in the Supply Chain Witness a Decline of Over 50% in 2022, Yet Hindrances Persist

A recent inquiry orchestrated by Interos, a foremost entity specializing in the management of risks linked to supply chains, discloses that monetary setbacks arising from disruptions in the supply chain experienced a substantial reduction exceeding 50% on an average scale throughout 2022

Business

Aug 10, 2023

Godrej Consumer to establish a 515 crore manufacturing facility in Tamilnadu-thumnail

Godrej Consumer to establish a 515 crore manufacturing facility in Tamilnadu

Godrej Consumer Products Limited is set to establish a cutting-edge manufacturing facility in the state, with a substantial investment of Rs 515 crore over the next five years. The company disclosed this development in a filing made on Thursday.

Business

Aug 10, 2023

Axis Bank to raise stake in insurer Max Life to 16.2% from 9.99%-thumnail

Axis Bank to raise stake in insurer Max Life to 16.2% from 9.99%

Axis Bank, an institution based in India intends to increase its ownership, in Max Life insurance from 9.99% to 16.2% by making an investment of 16.12 billion rupees.

Business

Aug 10, 2023

Despite a dip in orders, Deliveroo raises its earnings forecast-thumnail

Despite a dip in orders, Deliveroo raises its earnings forecast

Deliveroo, a British food delivery service, raised its full-year profitability outlook on Thursday after a robust first half in tough market circumstances that saw its overall orders dip 6%.

Business

Aug 10, 2023

Chinese authorities lift bans on group tours to the United States, Japan, and other key markets-thumnail

Chinese authorities lift bans on group tours to the United States, Japan, and other key markets

Chinese authorities lift bans on group tours to the United States, Japan, and other key markets

Business

Aug 10, 2023


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