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RIL, Ola Electric, and Rajesh Exports to start producing batteries under PLI program-thumnail

RIL, Ola Electric, and Rajesh Exports to start producing batteries under PLI program

The Government has approved the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving a manufacturing capacity of Fifty (50) Giga Watt Hour

Industry

Jul 29, 2022

Apple Inc doubles its revenue in India in fiscal third quarter-thumnail

Apple Inc doubles its revenue in India in fiscal third quarter

Revenue from the iPhone business during the quarter rose 3% YoY to reach $40.67 billion, accounting for close to half of Apple’s overall revenue, which stood at $83 billion, up

Industry

Jul 29, 2022

Ride-sharing company to fire nearly 1000 employees as focus shifts to electric mobility business-thumnail

Ride-sharing company to fire nearly 1000 employees as focus shifts to electric mobility business

“Ola is planning to hire about 800 people for cars alone and additionally for cell development…,”. The source added, “Even as they are letting go of people, there are more

Automotive

Jul 29, 2022

Adani capital plans to raise $188 million through IPO in early 2024-thumnail

Adani capital plans to raise $188 million through IPO in early 2024

Managing Director and Chief Executive Officer Gaurav Gupta said, Adani Capital’s first-time share sale will offer about a 10% stake in the shadow bank and target a valuation of around

Industry

Jul 29, 2022

Data shows contraction in US economy in the 2nd quarter as well-thumnail

Data shows contraction in US economy in the 2nd quarter as well

The National Bureau of Economic Research, the official arbiter of recessions in the United States defines a recession as “a significant decline in economic activity spread across the economy, lasting

Investment & Funding

Jul 29, 2022

ArcelorMittal acquires Brazilian steelmaker CSP for whopping $2.2 billion-thumnail

ArcelorMittal acquires Brazilian steelmaker CSP for whopping $2.2 billion

Description-: ArcelorMittal, itself created through one of the steel industry’s biggest ever takeovers, has been a compulsive dealmaker under the leadership of billionaire Executive Chairman Lakshmi Mittal. In the past

Industry

Jul 29, 2022

Insurance regulator IRDAI plans to remove a minimum of 100 crore start-up capital for entry in the sector-thumnail

Insurance regulator IRDAI plans to remove a minimum of 100 crore start-up capital for entry in the sector

Currently the minimum capital needed to start a primary insurance company is Rs 100 crore as prescribed by the Malhotra Committee on Insurance Reforms. There are insurance companies who have

Finance

Jul 29, 2022

MHT CET 2022: Admit card for PCB group is now available; learn how to download it-thumnail

MHT CET 2022: Admit card for PCB group is now available; learn how to download it

MHT CET 2022: Candidates can now download their hall tickets from the exam portal mhtcet2022.mahacet.org or the official websitecetcell.mahacet.org. The MHT CET 2022 admit cards for the PCB (Physics, Chemistry,

Education

Jul 29, 2022

<strong>The emphasis is on payments and the distribution of lending products: Vijay Shekhar Sharma, the founder of Paytm</strong>-thumnail

The emphasis is on payments and the distribution of lending products: Vijay Shekhar Sharma, the founder of Paytm

According to Vijay Shekhar Sharma, the company is still on track to achieve operating profitability by September 2023. One97 Communications Ltd, which operates under the Paytm brand, will sharpen its

Finance

Jul 29, 2022

Instagram has paused Tiktok-like features after users complained-thumnail

Instagram has paused Tiktok-like features after users complained

Instagram is facing backlash for adopting new features similar to TikTok. Some of the changes that drew criticism from users included promoting a short-form video, displaying it full-screen like TikTok,

Entertainment

Jul 29, 2022

After the DGCA imposes operation restrictions, SpiceJet’s stock drops 10% and reaches a two-year low-thumnail

After the DGCA imposes operation restrictions, SpiceJet’s stock drops 10% and reaches a two-year low

On Thursday, SpiceJet shares fell 10% on the BSE and reached a two-year low of Rs 34.60. SpiceJet was requested by the aviation regulator DGCA to cut its services in

Industry

Jul 28, 2022

Spotify’s quarterly revenue and user growth outperform expectations-thumnail

Spotify’s quarterly revenue and user growth outperform expectations

According to Refinitiv IBES data, the Swedish music streaming company increased revenue by 23% to 2.9 billion euros ($2.94 billion), beating analysts’ expectations of 2.8 billion euros. On Wednesday, Spotify

Entertainment

Jul 28, 2022


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