Business Trifecta: From New Launch to Bankruptcy
Here is the top business news for the day. JioBook: The Ultimate Learning Partner – Launching July 31! Reliance Jio is gearing up to launch the JioBook laptop on July 31, as hinted by an Amazon teaser. Touted as the “ultimate learning partner,” the JioBook aims to cater to users of all ages, addressing productivity,…
Yash Sharma
EV Leaders in India 2023
Iftikhar Ali Founder & CMD Pi EV Solutions Introduction In the dynamic landscape of electric vehicles (EVs), India stands poised to embrace a transformative journey. With the EV market projected to soar from $3.21 billion in 2022 to a staggering $113.99 billion by 2029, the growth potential is unprecedented, painting a picture of vast opportunities...
John David
India Records 1 Million EV Units Sales In FY 2023
The data released by the Society of Manufacturers of Electric Vehicles (SMEV) showed record-high sales for electric vehicles in India for the financial year 2023. The data showed that the EV industry had witnessed sales of 11,52,021 units, and this number increased by 58% compared to 7,26,861 units sold in the previous year. Out of…
Abdullah Ansari
Master Plan 3 Unveiled By Musk At Tesla’s Investor Day
The co-founder, CEO, and billionaire Elon Musk revealed a new ambitious master plan at the Investor Day event hosted by Tesla in Austin, Texas, on Wednesday. This new aspiration plan requires an investment of $10 trillion to achieve a “sustainable energy future”. The third part of Tesla’s master plan aimed at making efforts to reduce…
Aman Goyal
India’s Dependency On Imported Crude Oil Price Rises
Amidst the growing shift to other fuels and electronic vehicles, India’s economy is witnessing a rise in the demand for petroleum products and fuel. With the growing demand, India is also witnessing stagnancy in domestic crude oil production. This has led to an increased reliance on imported crude oil to meet the needs. This dependency…
EV Leaders in India 2023: Transformers Of The Indian Automotive
The automotive sector is at a crossing point in regard to technological instability and going through the transition face to manufacture relatively clean electric vehicles. As the automobile evolves into an advanced smartphone on wheels, it necessitates the adoption of new business models. The shift unquestionably necessitates a new breed of leaders capable of adapting…
Tata Motors Asks For $600 Million To Expand EV Business
Back in the funding game, Tata Motors asks for $600 million in funding from global investors to set the electronic vehicle business in motion. Already marking its presence in the EV segment, it is not the first time that Tata has asked for funding. The auto giant has already raised $1 billion from TPG’s Rise…
Mercedes-Benz Sales Decline By 1% In The Previous Year
The biggest luxury carmaker Mercedes-Benz delivered 2. 5 million cars in 2022, which is 1% down compared to the previous year, said the company on Tuesday. It also mentioned that it could be the impact of COVID-19 measures and bottlenecks. The company said that entry-level vehicles, the lowest price segment of the brand, saw a…
Elon Musk Sold A Huge Chunk Of Shares In EV Business
Tesla CEO Elon Musk sold about 22 million shares of his electric vehicle business, which was worth around $3.6 billion, according to the financial filing out on Wednesday. The transaction took place between Monday and Wednesday, according to the filings with the Securities and Exchange Commission. Earlier this month, Elon stated that he had no…
RBI Plans To Levy Charge In Payment System, Govt Denies
The Union Finance Minister on Sunday said that the government is not considering levying any charge carried out through the Unified Payments Interface (UPI). This came amid speculation when the Reserve Bank Of India (RBI) planned to impose costs on the payment system, including UPI, NEFT and IMPS. The central government also said that other…
Shipra Prajapati