Uber CEO Dara Khosrowshahi Explores Collaborative Opportunities with Adani Group During India Visit

February 24, 2024/

Uber CEO Dara Khosrowshahi’s recent visit to India has sparked anticipation and excitement as the tech giant explores potential collaborations with Indian business magnate Gautam Adani and his conglomerate, the Adani Group. The meeting between Khosrowshahi and Adani signals a shared vision for the future of mobility and sustainable development in India. During their interaction, both Khosrowshahi and Adani expressed admiration for India’s dynamic growth narrative and underscored their commitment to contributing…

BUSINESS, FINANCIAL NEWS

Trai Recommends Caller Name Display: A Step Towards Enhanced Telecommunication Experience

February 24, 2024/

The Telecom Regulatory Authority of India (Trai) has taken a significant step forward in enhancing the telecommunication experience for users by recommending the introduction of caller name display for regular phone calls. This optional service, if implemented by network providers, has the potential to add a new layer of convenience and transparency to phone conversations across the country. Trai’s recommendation proposes that callers should have the option to display their names to…

BUSINESS, FINANCIAL NEWS

Yulu Raises $19.25 Million in Equity Funding: A Boost for Electric Two-Wheeler Mobility

February 24, 2024/

Yulu, the six-year-old electric two-wheeler company, has secured a significant boost with a $19.25 million equity funding round from existing investors Magna and Bajaj Auto Ltd. This infusion of capital underscores Yulu’s commitment to enhancing last-mile connectivity and advancing electric vehicle (EV) technology in urban areas. The additional funding will empower Yulu to sustain its growth trajectory and bolster its market leadership position by expanding its fleet of vehicles, operational footprint, and…

BUSINESS, FINANCIAL NEWS, NEWS

Byju Raveendran: From Edtech Tycoon to Regulatory Scrutiny

February 24, 2024/

Byju Raveendran, once celebrated as the beacon of India’s edtech sector, now finds himself embroiled in controversy as regulatory agencies intensify scrutiny into his business dealings. The 44-year-old entrepreneur, renowned for founding Byju’s, the nation’s premier edtech startup, now faces a storm of investigations, raising questions about the future of the aspirations tied to his name. What began as a tale of inspiration and innovation has taken a dramatic turn, casting a…

BLOG, FINANCIAL NEWS, LOCAL NEWS

Riding the Renewable Wave: A Glance Back at the Clean Energy Surge

February 24, 2024/

Just a few years ago, renewables were basking in the limelight. The combination of rock-bottom interest rates and advancing technologies had ushered in a golden era for clean power. Harnessing the sun and wind, which come free of charge, became increasingly cost-effective as the price of solar panels and wind turbines plummeted. The trajectory of renewables was marked by a remarkable decline in the levelised cost of electricity (LCoE) between 2010 and…

BLOG, FINANCIAL NEWS

Vietnam’s Ambitious Hydrogen Strategy: Pioneering the Path to Green Energy

February 23, 2024/

Vietnam, known for its dynamic economic growth and vibrant culture, is now setting its sights on a new frontier: hydrogen production. With a bold vision outlined in its hydrogen development strategy, Vietnam aims to become a key player in the global transition towards sustainable energy. According to recent reports, Vietnam plans to ramp up its hydrogen production significantly in the coming years. By 2030, the country targets an impressive output ranging from…

BUSINESS, FINANCIAL NEWS

Assessing the EV Landscape: Rivian’s Strategic Shift and Industry Challenges

February 23, 2024/

In a pivotal move reflecting the current state of the electric vehicle (EV) market, Rivian, the U.S.-based EV manufacturer, has announced its decision to streamline operations by reducing its workforce by 10%. This strategic shift comes amid mounting concerns over sluggish EV sales and intensified competition within the industry. Rivian’s fourth-quarter earnings report delivered sobering news, revealing that the company does not anticipate producing more vehicles in the current year than it…

BLOG, FINANCIAL NEWS

The Soaring Ascent of India’s Drone Industry: A Global Perspective

February 23, 2024/

Over the past decade, India’s drone industry has undergone a remarkable transformation, catapulting to prominence and gaining momentum, particularly in the wake of the COVID-19 pandemic. Ankit Mehta, CEO of IdeaForge, a leading Indian drone manufacturer, sheds light on the industry’s evolution and its foray into the competitive U.S. market. Mr. Mehta attributes the industry’s leapfrogging progress to an enabling environment fostered by the Indian government, coupled with the unprecedented demand for…

BLOG, BUSINESS, FINANCIAL NEWS

The Unforgettable Ventures of Shark Tank India: 5 Success Stories That Didn’t Need a Deal

February 21, 2024/

Shark Tank India, the captivating business reality show, has become a breeding ground for ingenious startups seeking investment and mentorship from seasoned investors. While securing a deal on the show is a dream for many entrepreneurs, some ventures have defied the odds and flourished even without the backing of the ‘Sharks’. Here, we delve into five remarkable success stories that emerged from Shark Tank India without a deal. In conclusion, the journeys…

BLOG, FINANCIAL NEWS

Coal India’s Stock Correction: Understanding the Dynamics

February 21, 2024/

In the volatile world of stock markets, Coal India witnessed a notable correction of over 4.0% in intraday trades on Tuesday, marking a partial retreat from its recent highs. The company’s stock, which surged to 52-week highs of ₹487.75 on February 16th, 2024, reflecting a remarkable journey from its lows of ₹207.75 in March 2023, experienced a pullback in its upward trajectory. Despite the correction, Coal India’s volume outlook remains robust, as…

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