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The Chinese company Xpeng is acquiring Didi’s smart EV unit for up to $744 million-thumnail

The Chinese company Xpeng is acquiring Didi’s smart EV unit for up to $744 million

The smart electric vehicle (EV) division of the world’s largest ride-hailing firm, Didi, will be acquired by the Chinese electric car startup Xpeng (9868. HK), according to the announcement. The two businesses will also establish a strategic alliance.

Automotive

Aug 28, 2023

Meet S.K. Shukla- The holistic mentor offering growth and purpose in the education industry-thumnail

Meet S.K. Shukla- The holistic mentor offering growth and purpose in the education industry

Education comes as a spiritual and productive journey to shape society and encourage us all to persevere. Today, at Business Outreach Magazine, we were glad to understand the success story of S.K. Shukla, Founder of TKL Consultancy Private Limited.

Business

Aug 27, 2023

PhysicsWallah Expands its Offline Presence and Announces the Opening of 26 New PW Vidyapeeth Centres-thumnail

PhysicsWallah Expands its Offline Presence and Announces the Opening of 26 New PW Vidyapeeth Centres

PhysicsWallah, an edtech unicorn, has announced the opening of 26 new PW Vidyapeeth facilities across India, as well as the introduction of scholarships worth INR 200 crore through its PWNSAT 2023 program (Physics Wallah National Scholarship cum Admission Test).

Business

Aug 26, 2023

Reliance Capital offloads 45% stake in listed subsidiary Reliance Home Finance for Rs 54 crore.-thumnail

Reliance Capital offloads 45% stake in listed subsidiary Reliance Home Finance for Rs 54 crore.

Reliance Capital has made a move by selling 45% of its subsidiary, Reliance Home Finance for Rs 54 crore. This sale will help the company in its efforts to recover

Finance

Aug 26, 2023

India to consider Tax cut if EV makers agree to manufacture in India-thumnail

India to consider Tax cut if EV makers agree to manufacture in India

India is currently in the process of formulating a fresh EV or electric vehicle policy, with a specific focus on reducing import taxes for automakers willing to engage in local manufacturing.

Automotive

Aug 25, 2023

Zepto raises $200 million and emerges as 2023’s first unicorn-thumnail

Zepto raises $200 million and emerges as 2023’s first unicorn

Zepto, an online grocery delivery service, secured $200 million in Series-E funding, valuing the business at $1.4 billion and elevating it to the status of 2023’s first unicorn.

Investment & Funding

Aug 25, 2023

Reliance Industries likely to sell another 8-10% stake in Reliance Retail Ventures-thumnail

Reliance Industries likely to sell another 8-10% stake in Reliance Retail Ventures

Reliance Industries, a conglomerate is considering selling a 8 10% stake, in Reliance Retail Ventures. The purpose of this move is to fund expansion plans reduce debt and prepare for a listing.

Business

Aug 25, 2023

Reliance Infrastructure and Reliance Power raises ₹1,043 crores from Reliance Commercial Finance -thumnail

Reliance Infrastructure and Reliance Power raises ₹1,043 crores from Reliance Commercial Finance 

Reliance Infrastructure and Reliance Power, which are companies, under the Anil Ambani group plan to raise ₹1,043 crore through shares from Reliance Commercial Finance.

Business

Aug 25, 2023

Real money gaming startup Fantok suspends operations following 28% GST on gaming-thumnail

Real money gaming startup Fantok suspends operations following 28% GST on gaming

Fantok, a real money gaming startup, has temporarily ceased operations due to India’s new 28% GST on gaming startups.

Business

Aug 24, 2023

Cincoze Inserted Modern Computers: Powering Smart and Planned Operations-thumnail

Cincoze Inserted Modern Computers: Powering Smart and Planned Operations

Rough implanted PC brand – Cincoze, has acquired huge notoriety lately with its Tough Figuring – Precious stone product offering, pursuing the favoured decision among players in the savvy coordinated factors industry, and accomplishing striking undertaking brings about both European and American business sectors.

Business

Aug 24, 2023

Coforge Limited introduces the Coforge Quasar platform designed to facilitate the development of enterprise AI-thumnail

Coforge Limited introduces the Coforge Quasar platform designed to facilitate the development of enterprise AI

Coforge Limited recently introduced Coforge Quasar, a platform powered by artificial intelligence. This transformative platform offers a range of features including, over 100 APIs, a modular architecture, and then 100 pre-built cognitive use cases.

Artificial Intelligence

Aug 24, 2023

Under the danger of bankruptcy, promoters are paying their debts off more quickly-thumnail

Under the danger of bankruptcy, promoters are paying their debts off more quickly

Government statistics show that many promoters have been forced to pay their dues only by the prospect of legal action.

Finance

Aug 24, 2023


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