Business
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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…
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Galaxy S22 European price revealed ahead of launch
Seoul: Samsung is planning to launch its next premium flagship S22 series, the Galaxy S22, Galaxy S22+ as well as the Galaxy S22 Ultra next month and now the pricing for the…
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India IT spending to touch $105 bn in 2022: Gartner
New Delhi: The IT spending in India is set to reach $105.2 billion in 2022 — an increase of 5.5 per cent from 2021, a new Gartner report showed on Monday. Despite…
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T-Series, Hungama enter Metaverse with NFTs
New Delhi: T-Series, Asia’s largest music label, on Monday announced its foray into Non-Fungible Tokens (NFTs) in association with Hefty Entertainment, a division of Hungama, one of the largest digital media entertainment…