Business
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Strong competition coming Tesla way with budget segment electric cars
New Delhi: Within a couple of years, Tesla will face strong competition from traditional automakers like Volkswagen, Toyota and Stellantis, which released their ambitious vehicle electrification plans last year, a new report…
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Hyundai Motor’s profit up 17%, aims to sell 4.32 mn vehicles in 2022
Seoul: Hyundai Motor said on Monday that its first-quarter net profit rose 17 per cent from a year earlier as an improved product mix and a weak won helped offset the impact…
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Twitter ‘inching closer’ to finalise $46.5 bn deal with Elon Musk
San Francisco: Despite internal disagreements, the Twitter board is reportedly inching towards finalising the hostile takeover deal worth $46.5 billion made by Tesla CEO Elon Musk, and an announcement can come as…
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Swiggy to upskill delivery boys to become company employees
New Delhi: Online food delivery platform Swiggy on Monday announced the launch of an industry-first-accelerator programme for its delivery executives to transition into full-time, managerial-level jobs with a fixed salary and additional…
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Musk declines Gates’ request to discuss philanthropy in new leaked texts
San Francisco: Tesla CEO Elon Musk has reportedly declined a meeting to discuss climate change philanthropy with Bill Gates because the latter admitted he still holds a short position on Tesla stock.…
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Why Bhavish Aggarwal won’t invite Elon Musk to Ola FutureFactory?
Krishnagiri (Tamil Nadu): Bhavish Aggarwal will not invite Elon Musk to his state-of-the-art, electric two-wheeler manufacturing facility here as the Ola Founder and CEO feels that when India becomes a global hub…
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Ola Electric voluntarily recalls 1,441 e-scooters to perform health checks
New Delhi: Ola Electric on Sunday said that it is voluntarily recalling 1,441 e-scooters as a pre-emptive measure to conduct a detailed health check of the concerned batch. The company said that…
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Will recall e-scooters if found faulty: Ola’s Bhavish Aggarwal
Krishnagiri: Breaking silence over the current EV fires in India, Ola Founder and CEO Bhavish Aggarwal said on Saturday that the company hails the government’s step to penalise EV makers for faulty…
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ICICI Bank Q4FY22 net profit at Rs 7,019, up 59% YoY
New Delhi: Private lender ICICI Bank on Saturday reported its profit after tax during Q4FY22 at Rs 7,019 crore, up 59.4 percent year-on-year from the same quarter last fiscal. The net interest…
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Ola Electric set to launch autonomous car in about 2 years
Krishnagiri: Betting big on autonomous mobility, Ola Founder and CEO Bhavish Aggarwal said on Saturday that Ola Electric has started testing an autonomous vehicle which it will launch in the global market…
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Reliance calls off Rs 24,371 crore Future Retail deal
Mumbai: Reliance Industries Limited (RIL) has called off the deal with Future Retail Ltd (FRL) after FRLs secured creditors voted against the scheme. In a filing with the stock exchanges, RIL said,…
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Android OS loses 8% market share in 5 years: Report
San Francisco: Tech giant Google’s Android has lost 8 per cent of its global OS market share in five years, however, still at least 70 per cent phones run on the Android…