There’s no shortage of excitement for electric vehicle battery startups or multibillion dollar investments in the industry, as companies, backers and scientists look for the winning play. China, though, is already moving on to the next leg in the race — one that isn’t dependent on a big, bold breakthrough — with sodium-ion batteries. Done … Read more
Digital payment and financial services firm Paytm plans to enable FASTag-based parking services across the country, after launching its first with the Delhi Metro Rail Corporation (DMRC). Paytm Payments Bank Ltd (PPBL) on Monday said it has enabled the country’s first FASTag-based metro parking facility in partnership with the Delhi Metro Rail Corporation (DMRC). “This … Read more
British Prime Minister Boris Johnson will set out on Tuesday his plans to manage the Covid-19 pandemic in the winter months, announcing a decision to scrap the introduction of vaccine passports and steps to end some emergency powers. Johnson, under fire from some in his governing Conservative Party for raising taxes to fix a health … Read more
A recent Financial Times Magazine piece interviewed several early crypto superfans who have since become disillusioned. Perhaps the most high-profile display of a crypto backer turning on the space is dogecoin creator, Jackson Palmer. But the most vocal crypto proponents are not deterred. Twitter’s Jack Dorsey says bitcoin will create “world peace.” Sign up here … Read more
The government on Wednesday approved production-linked incentives for the textile industry, which it said could garner ₹19,000 crore in private sector investments and create at least 750,000 new jobs. The move aims to make Indian textiles more competitive in international markets after ceding ground to countries such as Bangladesh and Vietnam. The government will offer … Read more
The ongoing digital transformation of the corner kirana stores, tens of millions of shops catering to 1.3 billion consumers, will matter for everyone from Unilever NV and Procter & Gamble Co. to State Bank of India, the country’s largest lender. It will also be important to Amazon.com Inc. boss Jeff Bezos and Reliance Industries Ltd. … Read more
Jeff Bezos and Bill Gates are backers of the mineral exploration startup KoBold Metals. KoBold’s CEO told Insider that a new partnership with BHP would hunt for metals used in EVs. The partnership could eventually source metals for Tesla vehicles, House said. See more stories on Insider’s business page. An artificial intelligence startup backed by … Read more
HMC (Hero Motors Company) Group is aiming to treble its exports and international revenue to Rs 3,000 crore by FY24, driven by high growth in the European and American markets. The group is set to cross Rs 1,000 crore in exports and international revenue this financial year, backed by strong global demand for bicycles, e-bikes … Read more
Overseas education company, Leap, on Wednesday said it has raised $55 million (or roughly Rs400 crore) as a part of its Series C funding round, led by Owl Ventures. The round also saw participation from Harvard Management Company, Inc, along with existing investors Jungle Ventures and Sequoia Capital India. This round comes just six months … Read more