BUSINESS
MC Explainer: WM bankruptcy marks boom and bust in China's EV ecosystem
As WM Motors filed for bankruptcy, the company cited an operational dilemma in recent years due to the pandemic's impact, capital market sluggishness, large price swings in raw materials and setbacks in gaining capital needed for operations and development
BUSINESS
AI creates flux across industries as companies seek AI-fluent workers
Data from Layoffs.fyi suggests that nearly 212,294 workers in the tech industry were laid off in the first half of 2023 alone, already surpassing the 164,709 recorded in 2022.
BUSINESS
Vedanta taps into display manufacturing business with Foxconn partnership
The partership comes as key players are choosing to shift away from the LCD market toward the OLED market. Consultancy firm Omdia's OLED display forecasts from April claimed that worldwide OLED shipments are likely to surge to over 70 million in 2028.
BUSINESS
Indian hospitality sector bounces back after Covid slump: Report
The Indian hospitality sector seems to be a in bullish phase due to blend of diverse positives for the sector, led by a policy push leading to investment perking up.
BUSINESS
Google strengthens foothold in AI market with new bot-backed features
Google has announced a slew of AI backed features to empower Google Cloud users, these features use Generative AI's ability to generate text, images, code, videos, audio, and more from simple natural language prompts.
BUSINESS
Singapore's fintech Inypay has a $2 billion dream, powered by an Indian at the helm
The Southeast Asian neobank is led by a management which has its roots in India, as of now the neobank employs over 30 people in Singapore, India and Vietnam.
BUSINESS
Rising input costs send wholesale milk prices up 10.2% in flush season
Various factors such as the onset of the lumpy skin disease in cattle and a fodder shortage have raised the input costs for milk production which in turn has increased the cost of milk and dairy products.
BUSINESS
SaaS provider Rategain Travel's jumps 5% after bagging Air Senegal deal
Rategain stock saw a day-high of Rs 311.90 on the NSE and Rs 311.95 on the BSE after the company informed the bourses about its deal
BUSINESS
Winning bid for first-edition iPhone tops out at more than 50 times its original price
At an auction held by LCG Auctions, the winning bid came in at $39,339.60 for a factory-sealed model of the first-edition iPhone .
INDIA
Size matters, toll collection revamp to consider weight, distance travelled by vehicle
The government is looking at restructuring the highway toll collection policy by charging the levy based on the size, weight and the distance traveled by a vehicle
BUSINESS
Auto retail records 11% overall growth in September on festive spirit
Even as the Auto Retail segment grew by 11%, the lack of sufficient growth in the two wheeler segment continues to drag down overall numbers. However FADA is optimistic about October's festive season 'driving' demand.
BUSINESS
Luxury rentals hotting up as HNIs pile into penthouses after pandemic
“Diplomats and foreign nationals working for MNCs who went back to their respective countries are... coming back to India,” Samir Saran, managing partner, India Sotheby's International Realty, told a publication.
BUSINESS
Finance ministry calls meeting with PSB chiefs as branches creak from staff shortage
The ministry has also sought a monthly recruitment plan for jobs from the PSBs at the meeting as staff-shortage impact on PSB operations begins to surface on social media with appalled account holders tweeting out their grievances online.
BUSINESS
Coromandel International's venture capital arm Dare Ventures to invest in drone startup
The startup - Dhaksha Unmanned Systems Private Limited plans to use this funding for talent acquisition, R&D and production scale-up.
BUSINESS
Cyrus Mistry-Tata Group spat: A timeline of the boardroom battle
Former Tata Group chairman Cyrus Mistry died in a road accident on September 4. Here's a look at a brief timeline of the Tata Sons vs Cyrus Mistry case.
BUSINESS
India becomes 5th largest economy, Twitterati reacts
The Indian economy surpassed UK's economy to become the fifth biggest economy, Indian Twitterati reacted to the good news and highlighted various reasons for the country's economic progress.
BUSINESS
Hing adds special flavour to Indo-Afghan trade relations
A 30-percent increase in the price of Hing, a commonly used spice imported from Afghanistan, is changing Indo-Afghan relationships, with efforts being made to cultivate the spice in the cold desert areas of India.
TECHNOLOGY
Delhi CM aims to electrify 80% of bus fleet by 2025 as Kejriwal flags off 97 new e-buses
BJP leaders said the CM should thank the PM for providing the e-buses instead of grabbing credit for the addition
BUSINESS
Old game, new rules: Government taskforce to set spend limits for online gaming
Suggesting an amendment to the Information Technology Act of 2000, the inter-ministerial taskforce is looking to regulate the online gaming sector.
BUSINESS
Mopa airport nears completion; how a second airport will change Goa
The ambitious Mopa airport project’s success shows the strength of the BOT model. The airport is widely expected to lend momentum to the state’s laggard real estate.
