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Ola Electric Aims To Build ‘World’s Largest Electric Vehicle Ecosystem At One Site’

Ola Electric Aims To Build ‘World’s Largest Electric Vehicle Ecosystem At One Site’

Ola Electric’s CEO Bhavish Aggarwal has outlined an ambitious plan to build the ‘World’s Largest Electric Vehicle Ecosystem At One Site’. The plan will be executed in the Future Factory of Ola in Tamil Nadu. Ola decided to manufacture two-wheeler electric vehicles, including scooters & motorcycles, cars, and batteries to be used in electric vehicles….

Goodfellows ━ A Startup By Ratan Tata For Senior Citizens

Goodfellows ━ A Startup By Ratan Tata For Senior Citizens

Industrialist Ratan Tata announced on Tuesday to invest in the companionship startup ‘Goodfellows’ for senior citizens. It would be the first Indian startup that aims to encourage intergenerational friendship.  At the launch of Goodfellows, Ratan Tata said, “You do not know what it is like to be lonely until you spend time alone wishing for…

KKR To Sell Entire 25% Stake In Max Healthcare, To Raise 9,000 Cr.

KKR To Sell Entire 25% Stake In Max Healthcare, To Raise 9,000 Cr.

US Private equity major KKR, Kohlberg Kravis Roberts & Co., will sell its entire 25% holdings in the hospital chain Max Healthcare and is likely to raise Rs. 9,000 crores from the deal.  KKR is an American global Investment company that manages multiple asset classes, such as private equity, real estate, credit, energy and infrastructure….

Unity Small Finance Bank Names Inderjit Camotra As New MD and CEO 

Unity Small Finance Bank Names Inderjit Camotra As New MD and CEO 

Unity Small Finance Bank Limited announced the appointment of a new managing director and chief executive officer on Friday. The bank names Inderjit Camotra for this significant role.  Inderjit Camotra is a senior banker with over 25 years of experience across India’s banking sector. He held various leadership positions at Standard Chartered Bank, ANZ, and…

Edtech Unicorn upGrad Raises $210 Million In Latest Funding 

Edtech Unicorn upGrad Raises $210 Million In Latest Funding 

Edtech unicorn, upGrad, has raised $210 million in the latest funding round that has been conducted by prominent investors and family offices, including ETS Global, Bodhi Tree, Singapore’s Kaizen Management Advisors, Bharti Airtel, Narotam Sekhsaria Family Office, Lakshmi Mittal’s Artisan Investments, along with existing investors Temasek, IFC and IFL.  upGrad was founded by Ronnie Screwvala…

Tata Motors Is Ready For Expansion With Acquisition Of Ford’s Gujarat Plant

Tata Motors Is Ready For Expansion With Acquisition Of Ford’s Gujarat Plant

Tata Motors agrees to acquire the Ford Motors Co. plant based in Gujarat. According to Tata Motors’ statement, the Indian automaker will pay 7.26 billion rupees ($92 million) for the deal, which includes land, building, and a vehicle manufacturing plant in Sanand, Gujarat and its machinery and equipment.  “With our manufacturing capacity nearing saturation, this…

Government To Push Drone Industry With Expansion Of PLI Scheme

Government To Push Drone Industry With Expansion Of PLI Scheme

According to recent reports, the government is planning to increase the quantum of the PLI (production-linked incentives) scheme for drones and their components.  “The quantum of the current PLI scheme is enough to boost the industry for the next few years, however, by the third year, a higher quantum will be needed as the industry’s…

Fortune 500 List: LIC Got 98th Place, RIL Shifted To 104th

Fortune 500 List: LIC Got 98th Place, RIL Shifted To 104th

In the recent Fortune 500 list, LIC, Life Insurance Corporation, beat Reliance Industries. The nation’s biggest life insurance company, with $97.26 billion and a profit of $55.8 million, has got 98th place, while Reliance has shifted to 104th place from 51 on the 2022 list.  This is the first time when LIC has made its…

Pelosi’s Visit To Taiwan: How It Put TSMC In Spotlight?

Pelosi’s Visit To Taiwan: How It Put TSMC In Spotlight?

U.S. House Speaker Nancy Pelosi recently visited Taiwan. She may have left Taiwan but has cast a spotlight on the island’s critical role in the global chip supply chain and on the world’s biggest chipmaker TSMC (Taiwan Semiconductor Manufacturing Company).   Pelosi’s visit is being called controversial because it angered Beijing to see Pelosi meet with…

Restaurants Raised Discounts To Fend Off Swiggy & Zomato

Restaurants Raised Discounts To Fend Off Swiggy & Zomato

Large restaurants have increased discounts and promotional offers by 15-20% on their own apps to compete with aggregators like Swiggy and Zomato. This step is taken to reduce the steep commission and search optimisation fees being charged by the aggregators and lower the dependence on them, the industry executives said. India’s largest quick-service chain, Domino’s…