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Automakers launch US EV charging network to compete with Tesla-thumnail

Automakers launch US EV charging network to compete with Tesla

In an effort to compete with Tesla (TSLA.O) and to benefit from Biden administration subsidies, seven major automakers announced on Wednesday that they were establishing a new company to provide electric vehicle charging in the United States.

Automotive

Jul 27, 2023

Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand-thumnail

Rising Employee Turnover in India’s Private Lenders Amid Strong Loan Demand

The banking industry in India is grappling with a growing trend of attrition, particularly affecting the sales division. During an earnings call, Yes Bank’s CEO, Prashant Kumar, acknowledged the industry-wide issue and emphasized the bank’s efforts to control attrition, setting a target of limiting overall employee turnover to 25-30%.

Business

Jul 27, 2023

China export controls will hit companies’ revenue, says US commerce chief-thumnail

China export controls will hit companies’ revenue, says US commerce chief

The Biden administration is attempting to precisely target U.S. export restrictions to China, according to Gina Raimondo, Secretary of Commerce, but regulations will cost businesses some income.

Business

Jul 27, 2023

Customer experience SaaS platform Kapture CX gets $4 million in series A funding-thumnail

Customer experience SaaS platform Kapture CX gets $4 million in series A funding

Kapture CX, a platform that automates customer experience recently secured $4 million, in funding. The investment was led by Cactus Venture Partners.

Business

Jul 27, 2023

RPG Group, Bain Capital, Dorf Ketal in race to buy a stake in Aquapharm Chemicals-thumnail

RPG Group, Bain Capital, Dorf Ketal in race to buy a stake in Aquapharm Chemicals

Aquapharm Chemicals, a company based in Pune and valued at, more than ₹4,500 crore has caught the attention of buyers such as RP Sanjiv Goenka Group, Bain Capital, and Dorf Ketal.

Business

Jul 27, 2023

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024-thumnail

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024

Foxconn, the electronics manufacturer is currently engaged in talks, with the government of Tamil Nadu regarding an investment of $200 million to establish a manufacturing plant for electronic components.

Business

Jul 27, 2023

IPO-bound Jio Financial Services and US-based BlackRock form a $300mn JV to provide asset management services-thumnail

IPO-bound Jio Financial Services and US-based BlackRock form a $300mn JV to provide asset management services

Jio Financial Services (JFS) a separate division of Reliance Industries has teamed up with BlackRock to make its mark, in India’s asset management sector.

Business

Jul 27, 2023

‘AI is bigger than any country or organization,’ says one expert. Nick Clegg, Global President of Meta, weighs in on AI regulation-thumnail

‘AI is bigger than any country or organization,’ says one expert. Nick Clegg, Global President of Meta, weighs in on AI regulation

Nick Clegg, Meta’s Global President, recently spoke with Rahul Kanwal on India Today in an exclusive and informative debate about artificial intelligence (AI).

Artificial Intelligence

Jul 27, 2023

Meta’s Facebook touches 3 billion active users says Meta’s latest report-thumnail

Meta’s Facebook touches 3 billion active users says Meta’s latest report

Meta’s recent quarterly report showcases statistics, for its suite of applications, such as Facebook, WhatsApp, Instagram, Messenger, and Threads. These apps collectively boast 3.88 billion active users representing nearly half of the global population actively engaging with Metas platforms. Moreover, Facebook has witnessed a resurgence, in users now reaching a staggering 2.064 billion individuals.

Business

Jul 27, 2023

Theis Precision is fully acquired by BDK Valves and Gurukrupa Group-thumnail

Theis Precision is fully acquired by BDK Valves and Gurukrupa Group

On Wednesday, the western Indian real estate developer Gurukrupa Group and the producer of industrial valves BDK Valve Private Ltd. announced that they had successfully acquired the whole stock of Theis Precision Steel India Pvt. Ltd. (Theis Precision). The promoter group has now acquired a global company twice.

Business

Jul 26, 2023

Insider trading charges are filed against British billionaire Joe Lewis by US-thumnail

Insider trading charges are filed against British billionaire Joe Lewis by US

The 86-year-old owner of the football team Tottenham Hotspur is accused of disclosing private information to his staff members and love interests, enabling them to negotiate deals worth millions of

Business

Jul 26, 2023

Morgan Stanley and Temasek join $300 million Australian fund-thumnail

Morgan Stanley and Temasek join $300 million Australian fund

In order to support investment in deep technologies deemed essential to the nation’s national interests, Main Sequence, the venture capital firm formed by Australia’s national research agency, raised A$450 million

Business

Jul 26, 2023


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