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Ola Electric Plans IPO, Aims to Raise $600M to $1B by year end; CEO starts lobbying-thumnail

Ola Electric Plans IPO, Aims to Raise $600M to $1B by year end; CEO starts lobbying

Ola Electric, an Indian electric vehicle manufacturer, intends to launch an initial public offering (IPO) in late 2023, aiming to raise $600 million to $1 billion. CEO Bhavish Aggarwal will

News

Jun 10, 2023

“Twitter’s Payment Revolution: Verified Creators to Get Paid for Ads in Replies”-thumnail

“Twitter’s Payment Revolution: Verified Creators to Get Paid for Ads in Replies”

Elon Musk reveals Twitter’s groundbreaking payment program for verified content creators, offering them compensation for ads within their replies. With an initial payment block of $5 million, the move aims to attract and retain advertisers on the platform. The announcement comes as Twitter faces advertising challenges under Musk’s ownership and prepares for new leadership.

New Launch

Jun 10, 2023

Cohere, an AI firm, has raised $270 million in a fundraising round led by Nvidia-thumnail

Cohere, an AI firm, has raised $270 million in a fundraising round led by Nvidia

Cohere, a competitor to Microsoft-backed OpenAI, said on Thursday that it had secured $270 million in a fundraising round led by Nvidia, Oracle, and Salesforce Ventures, among others.

Investment & Funding

Jun 9, 2023

To avoid confounding markets, the Centre is considering reducing the frequency of GDP forecasts-thumnail

To avoid confounding markets, the Centre is considering reducing the frequency of GDP forecasts

The Centre may reduce the number of official GDP estimates from six to four. According to the sources, the Statistics Ministry will begin this process next year.

News

Jun 9, 2023

China Grapples with Declining Prices and Cooling Economy of China Amidst Global Demand Squeeze-thumnail

China Grapples with Declining Prices and Cooling Economy of China Amidst Global Demand Squeeze

The economy of China is facing a challenging scenario as rising interest rates and inflation dampen demand in the United States and Europe, while the country battles a significant decline in prices. The producer price index (PPI) fell at the fastest pace in seven years in May, indicating a slowing manufacturing sector and raising concerns about deflationary risks.

News

Jun 9, 2023

Cotton prices are projected to stabilize as a result of a 9% increase in MSP-thumnail

Cotton prices are projected to stabilize as a result of a 9% increase in MSP

For the 2023-24 marketing season, the Indian government raised the minimum support price (MSP) for cotton by around 9% year on year. Cotton prices, which have plunged by more than

Business

Jun 9, 2023

Meet Charul Jagtap- The tech genius building Suitewise as a stellar product-based software mammoth-thumnail

Meet Charul Jagtap- The tech genius building Suitewise as a stellar product-based software mammoth

Technology is a thriving space where creativity bonds with innovation. We have come so far when it comes to uplifting our lives with the help of technology. From running errands

Business

Jun 9, 2023

Reserve Bank of India (RBI) Targets One Million CBDC Users by June-End-thumnail

Reserve Bank of India (RBI) Targets One Million CBDC Users by June-End

The Reserve Bank of India (RBI) is aiming to onboard one million users for its central bank-backed digital currency (CBDC) by the end of June, according to T Rabi Shankar, Deputy Governor of RBI. He made this announcement during a press conference following the monetary policy announcement on Thursday.

Finance

Jun 9, 2023

“DigiYatra Facility at Delhi’s IGI Airport’s T3 Offers Contactless Travel with Facial Recognition”-thumnail

“DigiYatra Facility at Delhi’s IGI Airport’s T3 Offers Contactless Travel with Facial Recognition”

Delhi’s IGI Airport’s T3 (Terminal3) introduces a contactless travel experience with facial recognition through the DigiYatra facility. Passengers can now register in just one minute by scanning their boarding pass and face, eliminating the need for a mobile app. The initiative aims to provide hassle-free and seamless travel while enhancing security and saving passengers valuable time.

News

Jun 9, 2023

Toyota will invest $328 million in a hybrid pickup plant in Mexico-thumnail

Toyota will invest $328 million in a hybrid pickup plant in Mexico

Toyota, a Japanese automaker, announced on Thursday that it would increase its investment in a facility in the state of Guanajuato, central Mexico, by $328 million as it tries to modify its manufacturing procedures for a new hybrid version of its Tacoma pickup vehicle.

Investment & Funding

Jun 9, 2023

“Zomato Removes Controversial World Environment Day Ad After Backlash and Allegations of Caste Discrimination”-thumnail

“Zomato Removes Controversial World Environment Day Ad After Backlash and Allegations of Caste Discrimination”

Foodtech giant Zomato faces backlash and accusations of caste discrimination for its ad featuring actor Aditya Lakhia. The controversial World Environment Day ad, highlighting plastic waste recycling, was taken down after users criticized it on social media. Zomato has a history of marketing controversies, adding to a trend of public disputes among Indian startups.

Marketing

Jun 9, 2023

“India’s First Pod Taxi Project Receives Green Light for Noida International Airport to Film City Route”-thumnail

“India’s First Pod Taxi Project Receives Green Light for Noida International Airport to Film City Route”

“Uttar Pradesh’s PPP Bid Evaluation Committee has approved the groundbreaking project for India’s inaugural pod taxi system, connecting Noida International Airport and Film City. Tenders are set to be issued soon for the elevated corridor, which will feature 12 stations and an estimated cost of Rs 671 crore.”

Business

Jun 9, 2023


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