Business
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6 mn electric cars likely to be shipped in 2022: Gartner
New Delhi: Six million electric cars (battery electric and plug-in hybrid) are likely to be shipped globally in 2022, up from 4 million in 2021, a Gartner report showed on Thursday. The…
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Rupee falls 41 paise to 75.19 against US dollar in early trade
Mumbai: The rupee declined 41 paise to 75.19 against the US dollar in opening trade on Thursday, tracking the strength of the American currency after hawkish US Fed policy stance. Forex traders…
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Gautam Adani replaces Mukesh Ambani as India’s richest person
Mumbai: Gautam Adani, founder, and chairman of Adani Group on Thursday replaced Reliance Industries Limited (RIL) chairman Mukesh Ambani as the richest person in India. Currently, his net worth stands at $89.5…
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Satya Nadella ranked No 1 among CEOs in Brand Finance list
New York: The Brand Finance Brand Guardianship Index just in has ranked Microsoft boss, Satya Nadella, as the top CEO in the world. Nadella, a first-generation Indian immigrant to the US, “has…
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Essar’s JV to set up UK’s largest hydrogen hub
New Delhi: Conglomerate Essar and Progressive Energy have formed a new joint venture, Vertex Hydrogen, to build the UK’s largest hydrogen hub at the Stanlow Manufacturing Complex. Led by Essar as the…
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Specialty chemicals maker Neogen’s shares double in 1 year guided by PLIs
New Delhi: Shares of Neogen Chemicals have more than doubled in the past one-year period after the Centre announced production-linked incentives (PLIs) for specialty chemical manufacturers. The 30-year-old company, founded by Haridas…
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Tesla officially enters Turkish market
San Francisco: Elon Musk-owned electric vehicle company Tesla has officially entered Turkish market. According to GizmoChina, Emir Tuncyurek, a former consultant of InsideEVs Turkey and co-founder of E-Garaj, will be managing Tesla…
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LG Energy Solution, GM to build $2.1 bn battery factory in US
Seoul: South Korean battery maker LG Energy Solution Ltd said on Tuesday that it would spend $2.1 billion together with General Motors (GM) to build another electric vehicle (EV) battery factory in…
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Hyderabad-based tech startup Darwinbox turns unicorn
Hyderabad: Hyderabad-based technology startup Darwinbox has turned unicorn with the raising of $72 million funding in the latest round for global expansion. With this round, the company’s valuation will cross the $1…
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Budget 2022: Increase in custom duty on Aluminium scrap from 2.5 to 10% is key expectation
New Delhi: As the Indian economy pushes forward to grow at 9 per cent and above over the next few years, a key challenge for the country would be to rebalance its…
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Investors lose Rs 9 lakh crore as Indian stock markets crashed on Monday
Mumbai: Investors in Indian stock markets lost over Rs. 9 lakh crore on Monday as markets have crashed due to FII funds outflow. The Sensex crashed nearly 1,546 points. Yesterday, the BSE…
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Panasonic to mass produce next-gen batteries for Tesla in 2023
San Francisco: Panasonic is reportedly planning to mass-produce new lithium-ion batteries as early as 2023 for Tesla that could increase the range of electric vehicles by up to 20 per cent. According…
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LG to unveil life-size self-driving concept car
Seoul: LG Electronics said on Monday that it will show off the real-life version of its futuristic self-driving vehicle next month. The LG Omnipod, a mobility concept solution that can serve as…
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India can reach $300 bn electronic manufacturing by 2026: MeitY-ICEA
New Delhi: Indian can reach $300 billion worth of electronics manufacturing and exports by 2025-26 — nearly four times from the current $67 billion — if specific product segments with high potential…
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Swiggy raises $700 mn to boost quick grocery delivery business
New Delhi: Food delivery platform Swiggy on Monday said it has raised $700 million led by Invesco, which will be utilised to double down efforts on its quick-commerce grocery service Instamart. With…
