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Zomato co-founder Gaurav Gupta resignation comes as a surprise
The intimation for the same was made by Gaurav through an email to Company employees. Zomato founder and CEO Deepinder Goyal confirmed it on twitter. Reason mentioned – “taking a new turn in life and start a new chapter” Key points to note – Gaurav had joined Zomato only 6 years ago in 2015 and … Read more
Sodium-ion batteries vs lithium-ion batteries – a game changer for electric vehicles ?
China’s Contemporary Amperex Technology Co., or CATL, the world’s largest battery manufacturer, unveiled its latest product in July — a sodium-ion battery. Done right, this technology could lead to widespread adoption in a market largely dependent on subsidies and where EV sales are still a fraction of all cars. Key points in this regard – … Read more
This battery idea from 1970s could help EVs take lead in auto industry
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
Kinetic Engineering ventures into EV kits business
Some key points for easy reference – Kinetic Engineering (KE) founded in 1972 is the same Company that had launched Luna Moped in 1975. It also had partnered (JV) with Honda and launched the famous Kinetic Honda Scooter in 1980s (was subsequently sold to Mahindra in 2008 who later wound it up). A company with … Read more
Paytm to launch FASTag-based parking service across India, after DMRC facility
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
Zomato pulls off grocery delivery business. Impact of public listing and hence closer scrutiny?
Zomato announced that it is stopping it’s pilot of grocery delivery services from September 17th. Reasons mentioned by the Company – It’s inability to provide good quality customer service consistently especially due to the increased customer expectations with 15 minute delivery promise. It’s investment in Grofers that it believes would handle this segment better and … Read more