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Volvo to Embrace Direct-to-Customer Model, Following Mercedes’ Lead-thumnail

Volvo to Embrace Direct-to-Customer Model, Following Mercedes’ Lead

Volvo, the distinguished manufacturer of opulent automobiles, is poised to embrace the Direct-to-Customer (D2C) retail business paradigm, taking cues from the footsteps of Mercedes Benz India.

Automotive

Jun 19, 2023

Yokohama will spend Rs 671 crore to increase India’s supply of passenger tires-thumnail

Yokohama will spend Rs 671 crore to increase India’s supply of passenger tires

A Japanese firm, Yokohama Rubber Company, has announced intentions to increase its production of passenger vehicle tyres in India. 

Business

Jun 19, 2023

Electric aircraft maker Eve and Blade Air Mobility join hands to expand in Europe-thumnail

Electric aircraft maker Eve and Blade Air Mobility join hands to expand in Europe

, Eve and Blade Air Mobility have announced an expansion of their partnership, setting their sights on integrating Eve’s highly anticipated flying car into Blade’s extensive European route network. This ambitious endeavor, which kicks off in France, marks another milestone for the companies that have already joined forces to utilize Eve’s electric vertical take-off and landing vehicles in India and the United States.

Business

Jun 19, 2023

A new consumer survey will monitor internet spending to reflect an accurate economic picture-thumnail

A new consumer survey will monitor internet spending to reflect an accurate economic picture

It’s known as the “next-generation consumption survey.” The current government consumer study goes beyond asking what you eat, wear, and possess.

Business

Jun 19, 2023

iPhone exports in India reached a record level of Rs 10,000 crore-thumnail

iPhone exports in India reached a record level of Rs 10,000 crore

According to industry figures, India’s iPhone exports reached a record high of Rs 10,000 crore in May, driving up the country’s outbound shipments of smartphones to Rs 12,000 crore for the month.

Business

Jun 19, 2023

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market-thumnail

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market

Business

Jun 19, 2023

Adani Capital is in talks with financial investors to sell a stake in the firm-thumnail

Adani Capital is in talks with financial investors to sell a stake in the firm

As per FY23 financials Adani Capital, its loan book stood at ₹2,690 crore and net profit at ₹90.68 crore. It largely operates out of four business verticals – farm equipment loans, commercial vehicle loans, business loans, and supply chain finance. The lender also has a housing finance arm.

Business

Jun 19, 2023

“Jan Aushadhi: Affordable Medicine Stores Witness High Sales in Diabetes and Cardiovascular Drugs”-thumnail

“Jan Aushadhi: Affordable Medicine Stores Witness High Sales in Diabetes and Cardiovascular Drugs”

“Government data reveals that Jan Aushadhi, the affordable medicine store in India, experiences significant sales from diabetes and cardiovascular drugs. With over 33% of total sales attributed to these conditions,

Business

Jun 17, 2023

Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India-thumnail

Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India

According to persons in the know, India is prepared to take a $3 billion investment from US semiconductor maker Micron in order to build an OSAT facility—an outsourced semiconductor assembly and test facility—with at least four production lines.

Business

Jun 17, 2023

Adani Digital Labs acquires an online train booking portal, Trainman-thumnail

Adani Digital Labs acquires an online train booking portal, Trainman

AEL disclosed that its wholly-owned subsidiary, Adani Digital Labs Private Limited, inked a share purchase agreement to obtain a complete stake of 100 percent in Stark Enterprises Private Limited (SEPL), also known as Trainman.

Business

Jun 17, 2023

Tatas want to accelerate the cooperation between AI Express and AirAsia-thumnail

Tatas want to accelerate the cooperation between AI Express and AirAsia

Air India, which is controlled by Tata Sons, has applied to the civil aviation regulator DGCA for a waiver on merger laws for Air India Express and AirAsia India. Before the NCLT approves the merger process, it wants permission to use the same pilots and cabin personnel and sell tickets under a single name.

Business

Jun 17, 2023

SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks-thumnail

SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks

SoftBank holds an 11.17 percent stake in Paytm and 3.4 percent in Zomato. However, following the news of the potential stake sale, shares of One97 Communications declined by 1.5 percent, trading at Rs 878.50 apiece on the BSE. Zomato’s stock initially opened 0.8 percent higher on June 16 but later leveled off.

Business

Jun 16, 2023


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