Six-airbag rule for cars deferred by 1 yr

The centre has postponed implementing a proposal making it mandatory for passenger cars to have six airbags by a year to 1 October 2023, road transport and highways minister Nitin Gadkari said on Thursday. The domestic automotive industry had sought a rethink on the rule claiming inflation and regulatory costs made passenger vehicles—particularly small and … Read more

Saudi Sovereign Wealth Fund Invested $2 Billion in Russia Before Ukraine War

Saudi Arabia’s sovereign wealth fund invested $2 billion in Russia before the Ukraine invasion. A prospectus for the fund revealed investments in Russia’s infrastructure, manufacturing, logistics and retail sectors, the Wall Street Journal said. The Public Investment Fund, which is run by Saudi Crown Prince Mohammed bin Salman, oversees $600 billion in assets. Something is … Read more

Centre sets stiffer 40% air pollution reduction target for cities by 2026

Encouraged by the performance of 95 cities that showed improvement in air quality in 2021-22 as compared to 2017 levels, the Centre has revised the target of reducing air pollution (PM concentrations) in cities from 20-30% by 2024 to 40% by 2025-26. Though a 40% reduction in PM concentrations over 2017 levels still wouldn’t make … Read more

Blackstone to sell $400 mn stake in REIT Embassy, ADIA eyes investment

Blackstone will sell a stake worth up to $400 million in Embassy Office Parks REIT, the country’s biggest real estate investment trust, via stock exchange block deals, three sources familiar with the matter told Reuters. Abu Dhabi’s sovereign wealth fund, one of the world’s largest, is likely to pick up at least half of the … Read more

Voltas slips 8%, hits lowest level since January 2021 on demand concerns

Shares of Voltas hit a 52-week low of Rs 883.20 on the BSE as they slipped 8 per cent in Friday’s intra-day trade amid concerns that te July-September quarter (Q2FY23) may see subdued sales numbers due to low seasonal demand. With today’s intra-day decline, the stock has corrected 35 per cent from its 52-week high … Read more

Mark Cuban Says Gen Z Will Go Down in History As ‘Greatest’ Generation

Billionaire Mark Cuban said Gen Z understands the importance of mental health. That’s why he thinks they will go down as the greatest generation, he told Adam Grant’s podcast. Cuban said Baby Boomers will be regarded as the most “disappointing” generation. Billionaire Mark Cuban said Gen Z would go down as the “greatest generation” because … Read more

How to Land an Investment From Serena Williams’ VC Firm

Serena Williams launched Serena Ventures in 2014 and has invested in over 60 companies. In March, the firm announced it had raised an inaugural fund of $111 million. Williams’ partner shares how to win an investment from the fund, which gets 200 pitches a week. Last week, amid the bright lights of Arthur Ashe Stadium, … Read more

Kellogg’s Introduces ‘Just Add Water’ Portable Cereal

Kellogg’s said the product was inspired by demand for more portable options. Instabowls come in four varieties: Frosted Flakes, Froot Loops, Apple Jacks, and Raisin Bran Crunch. The products are available at select Walmart stores and retail for $1.98. Something is loading. Craving a bowl of Frosted Flakes but out of milk? Kellogg’s is here … Read more