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Home  Business

Business

Ford to invest $50 bn in EV biz to compete against Tesla

Ford to invest $50 bn in EV biz to compete against Tesla

  • Amazon shuts over 60 retail stores, to focus on grocery & fashion shops

    The retail giant confirmed to ZDNet late on Wednesday that it is shutting over 60 bookstores, Amazon Pop Ups and "Amazon 4-star" shops.
  • Equity indices open in green, Sensex up by 279 points

    The 30-scrip BSE Sensex was up by 279.78 points or 0.50 per cent at 55748.68 at 9.35 am.
  • Reliance Retail begins rebranding of Future stores

    Hyderabad: Reliance has started taking over the Future Retail stores recently as these store leases were in Reliance’s name and Future was no longer able to operate the stores any further. Reliance is making job offers to all the employees of these stores, which will ensure job continuity for nearly 30,000 employees of Future’s retail […]
  • Meity Startup Hub, Google select six startups from Hyderabad

    Hyderabad: About six startups from Hyderabad have been selected to be part of Appscale Academy, which is a programme by MeitY Startup Hub and Google. The cohort by the two entities will help 100 Indian early to mid-stage startups build high-quality global apps and games as part of the Appscale Academy. The six startups selected […]
  • LIC to increase focus on digital, bancassurance

    Hyderabad: Life Insurance Corporation of India (LIC), the fifth largest global insurer and the tenth largest worldwide in terms of total assets, plans to enhance its product offerings and services with an increased focus on digital and bancassurance in the future. The company today hold 2/3 market share when it comes to gross written premium […]
  • Micron to deliver world’s most advanced storage device for data centers

    Hyderabad: Micron Technology said it is sampling the world’s first vertically-integrated 176-layer NAND solid-state drive (SSD) for the data centers. Integrated with Micron’s own DRAM (dynamic random access memory), internally developed system on chip and associated firmware, this SSD (storage devices) enables the company to rapidly respond to customer needs in the market and support […]
  • Hyderabad-based Practically acquires Foradian Technologies

    Hyderabad: Practically, an experiential learning app for students of classes 6th to 12th, has acquired Fedena (Foradian Technologies), which offers an ERP. With this acquisition, Practically will offer a comprehensive end-to-end product suite for schools. The integrated product will now offer one-in-all product and services that a school needs from experiential learning content, innovative and […]
  • BharatPe removes Ashneer Grover from all positions at company

    BharatPe has also found involvement of Grover family and relatives in extensive misappropriation of the company's funds.
  • OPPO to partner Indian startups working on camera AI, battery

    The company is currently working with some startups in the country, and plans to further increase the number by partnering with camera AI and battery startups.
  • 4,000 luxury cars like Lamborghinis, Bentleys sink in the Atlantic

    Felicity Ace ship was carrying both electric and non-electric vehicles, and a fire broke out on the ship as it was travelling from Germany to the US, reports Insider.
  • Apple halts product sales in Russia, bars RT & Sputnik from App Store

    Apple said that it has "stopped all exports into our sales channel in the country" in response to the Russian invasion, adding that it will continue to evaluate the situation.
  • Equity indices open in red, Sensex down by 515 points

    The 30-scrip BSE Sensex was down by 515.80 points or trading at 55,731.48 and down by 0.92 per cent at 9.30 am.
  • Boeing suspends maintenance support for Russian airlines

    The development comes after Russia intensified military actions in Ukraine, with reports of major shelling in the city of Kharkiv in Eastern Ukraine.
  • Oil prices surge $5 per barrel despite release of supplies

    Benchmark U.S. crude rose USD 5.24 per barrel to USD 108.60 in electronic trading on the New York Mercantile Exchange.
  • Card payments: Merchants overcharging customers

    Merchants charging about 2% more than actual bill to customers is not permissible, says RBI
  • Mahindra Logistics to acquire majority stake in Hyderabad-based Whizzard

    Hyderabad: Mahindra Logistics will acquire majority stake in ZipZap Logistics, a last-mile logistics service provider operating under its brand ‘Whizzard’. The acquisition will complement Mahindra Logistics’ existing last mile delivery business and EDeL, its Electric Vehicle (EV) based delivery services. This transaction will help accelerate addition of technology, geographical coverage, and operational capabilities. Hyderabad-based Whizzard […]
  • Brent crude oil breaches $100 per barrel mark again

    New Delhi: Concerns over lower supply amid escalating Russia-Ukraine conflict pushed up global crude oil prices to $102 per barrel on Tuesday. The rise in crude oil prices comes after negotiations failed to resolve the Russian-Ukrainian conflict. The Brent-indexed crude oil prices had risen by 5 per cent to over $98 per barrel on Monday. […]
  • Banks to remain shut for 13 days in March

    Hyderabad: March is when a lot of financial dealings are done, and March this year could spell trouble if those transactions are not well planned in advance, what with banks to remain closed for 13 days. Out of the 13 holidays, seven are as per the calendar of the Reserve Bank of India, and the […]
  • Hyderabad second highest in India’s ultra-wealthy population: Knight Frank

    Hyderabad: Hyderabad is home to 467 ultra-high net worth individuals (UHNWIs, with net worth of $30 million (over Rs 225 crore) and above) in 2021, the second highest in India following Mumbai (1,596 UHNWIs), and much ahead of Bengaluru and Pune. According to Knight Frank’s Wealth Report 2022, the ultra-wealthy population in Hyderabad is expected […]
  • GST revenues soar 18 per cent to Rs 1.33 lakh crore in February

    New Delhi: Gross revenue collection from the Goods and Services Tax (GST) surged to Rs 1.33 lakh crore in February, posting an increase of 18 per cent year-on-year, the government data showed on Tuesday. The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 […]
  • Hyderabad startup Hesa to onboard 1.5 lakh microlevel entrepreneurs

    Hyderabad: Hesa said it will onboard over 1.5 lakh microlevel entrepreneurs by the end of 2022. The rural-tech startup will empower entrepreneurs across Telangana, Andhra Pradesh and Karnataka and plans to expand into five additional States. Expanding its network of microlevel entrepreneurs (Hesaathi), the startup focuses on offering a range of products and services to […]
  • Ashneer Grover resigns after intense legal battle with BharatPe

    New Delhi: After fighting an intense legal battle with the Board of Directors, BharatPe Co-founder and Managing Director Ashneer Grover has finally resigned from the fintech platform. In a letter sent to the Board, he said that he is being forced to bid adieu to a company of which “I am a founder”. “Your views […]
  • Telangana working to harness data economy

    Hyderabad: Telangana State is now working to unlock the potential of the data economy. In this direction, it is preparing a data compendium for agriculture. This brings various data relating to agriculture to a single platform and this will be accessible to various technology and startup players. They can use the data to come up […]
  • Nabard chief reviews computerisation at TSCAB

    Hyderabad: Nabard chairman Govinda Rajulu Chintala visited Telangana State Cooperative Apex Bank (TSCAB) on Monday and reviewed the PACS (Primary Agricultural Credit Societies) computerisation project & the transformation of PACS as MSC (Multipurpose Service Centre) projects and had discussions with the governing body members on the steps to be taken to strengthen the co-operative system […]
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