About Author : Akshay Kedari


Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web development, Akshay lends expertise procured from his core domain in the articles he pens down.



Contribution by: Akshay Kedari

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...


Read More >>
ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...


Read More >>
Circularise nabs $11M to bring circular economy to industrial supply chains

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...


Read More >>
Sebi approves Adani Group’s proposal for additional 26% stake in NDTV

Adani Group, an Indian conglomerate, recently opened an offer to acquire an additional 26% share in New Delhi Television (NDTV), which was positively accepted by the Indian market regulator Sebi. The deal, worth USD 60.78 million, is expected to b...


Read More >>
ADB and Indonesia team up on coal power plant retirement contract

The Asian Development Bank and Indonesia, along with a private power company announced partnering to refinance and retire a coal-fired power plant under a groundbreaking carbon emissions reduction program. According to reliable sources, West Java&...


Read More >>
Musk sold nearly $4B worth of Tesla stock since Twitter acquisition

Elon Musk has reportedly sold out $3.95 billion of Tesla stock since completing the acquisition of well-known social networking firm, Twitter, late last month. Since the Tesla CEO inked a deal to purchase Twitter for $44 billion, Tesla’s sto...


Read More >>
After Twitter, Meta plans to lay off thousands of employees: Reports

American multinational technology conglomerate, Meta, the parent company of Facebook, is reportedly expected to lay off thousands of employees, stated some credible reports. At present, Meta employs nearly 87,000 employees worldwide; however, like...


Read More >>
Saudi Arabia & Foxconn form a Joint Venture to enter the EV business

Saudi Arabia’s sovereign wealth fund has reportedly formed a JV (joint venture) with Taiwanese multinational electronics contract manufacturer, Foxconn to build and sell EVs, a move undertaken by the nation to reduce reliance on oil and diversi...


Read More >>
Decentro secures $4.7M in Series A funding from Rapyd Ventures & others

Renowned Bengaluru-based software company, Decentro has reportedly raised $4.7 million in a Series A round of funding, which was headed by the fintech venture capital arm of Rapyd - Rapyd Ventures. Uncorrelated Ventures and Leonis VC, along with I...


Read More >>
Asda stores acquires Co-op petrol forecourts for $693 million

Renowned British supermarket chain, Asda has reportedly finalized its $693 million (£600 million) deal for buying the Co-op's petrol forecourt business. According to the firm, the deal, which falls under its strategy of growing in the co...


Read More >>
Ant Group expands partnership with STB to bolster tourism in Singapore

Renowned Alibaba Group’s affiliated company, Ant Group has reportedly expanded its collaboration with STB (Singapore Tourism Board) to make cross-border travel more convenient and seamless. Apparently, this collaboration is built on a union ...


Read More >>
LatticeFlow nabs $12M to eliminate blind spots in computer vision

Renowned AI Startup, LatticeFlow, has recently announced that it has raised $12 million in a Series A funding round headed by Atlantic Bridge and OpenOcean. FPV Ventures, as well as existing investors, btov Partners and Global Founders Capital, wh...


Read More >>
FZ Digital to offer automation & robotics tech to F&B industry in Singapore

FZ Digital, a novel F&B technology solutions firm, is reportedly introducing its groundbreaking automation and robotics technology to Singapore’s F&B (food and beverage) industry. The firm, unveiled in October 2022, aims to be the cr...


Read More >>
KIST develops new tech to treat wastewater for producing semiconductors

Semiconductors or electronics undergo a manufacturing process where alcohol is used to remove impurities from their surfaces. The wastewater containing alcohol is then treated with the help of reverse ozone, osmosis, and biological decomposition. ...


Read More >>
BP to buy Archaea for $4.1B to expand its alternate fuel business

Well-known multinational oil and gas company, BP will reportedly purchase U.S.-based RNG (renewable natural gas) producer, Archaea Energy for around $4.1 billion. Apparently, the British energy major looks forward to expanding its alternative fuel...


Read More >>
Meta struggles to build an interactive world for the metaverse future

Facebook, now known as Meta, changed its name nearly a year ago to showcase its commitment to the metaverse future, which the social network giant continues to pursue by offering innovative features and virtual reality (VR) based gear.  Howev...


Read More >>
IMDA unveils new job transformation map to upskill the current workforce

Minister for Information and Communications in Singapore, Josephine Teo has reportedly unveiled the Job Transformation Map (JTM) for the I&C (Information and Communications) workforce at the 5G Learning Festival, for potentially impacting future ...


Read More >>
Stears raises $3.3M to offer enhanced data and insights in Nigeria

Renowned data-powered intelligence startup, Stears, is delighted to announce a $3.3 million seed funding round headed by MaC Venture Capital. Apparently, Omidyar Group-owned Luminate Fund, Serena Ventures, Cascador (Empowering Economic Growth Foun...


Read More >>
1,000 EV charging points installed across Delhi in a year, cites Govt

The city government has recently stated that it has completed the installation of around 1,000 EV (electric vehicles) charging points in a time span of less than one year under the Delhi EV policy 2020. According to Transport Minister, Kailash Gah...


Read More >>
N.Korea formulates measures for emergency health crisis & natural calamities

North Korea has reportedly proposed new guidelines on several approaches to deal with the country’s natural disasters situation and emergency health crisis at an important parliamentary meeting, informed the state media on Friday. According ...


Read More >>
Saudi’s Seera Group, Air Connectivity Program ally to drive tourism air connectivity

Saudi’s Seera Group, a reimagined Al Tayyar Travel Group, has reportedly collaborated with the Saudi Air Connectivity Program, an initiative the government took to enhance and develop tourism air connectivity in the kingdom. Apparently, Seer...


Read More >>
Bayer sells environmental science biz to Indian firm for $13.5 million

German multinational pharmaceutical and biotechnology company, Bayer CropScience recently stated that its board has given the go-ahead for selling its Environmental Science Business to 2022 ES Discovery India, a private Indian company. The deal wi...


Read More >>
Stockly to raise another $12M to expand its operations & employee base

French-based software startup, Stockly is reportedly raising another $12 million (€12 million) in a Series A round from Daphni, Eurazeo, and several other business angels. Apparently, the firm pools together the inventory of several e-commerc...


Read More >>
Alipay+ allies with Asian E-Wallets to boost cashless travel in South Korea

Amidst rising efforts for promoting cashless travel, prominent mobile payment providers in Asia have recently announced an integration of the cross-border digitalized payment solutions from Alipay+ in South Korea. With this move, users of e-wallet...


Read More >>
Seracle, Sumsub partner for offering enhanced KYC protocols and cybersecurity

Sumsub will assist Seracle in building an innovative blockchain ecosystem Sumsub will offer enhanced security to Seracle at a time when losses due to cryptocurrency thefts have increased by about 60% to $1.9 billion Seracle, a global blockc...


Read More >>
CATL unveils new Module to Bracket tech for heavy-duty electric trucks

CATL, a Chinese battery manufacturer and technology company, has reportedly introduced a new battery technology known as Module to Bracket (MTB) for heavy-duty electric trucks. As per reliable sources, the MTB technology deploys the battery module...


Read More >>
Arbonics nabs $1.7M to launch data & science-driven tool for landowners

Arbonics, a Tallinn, Estonia-based climate tech startup, is launching a new innovative data and science-driven tool to ensure that the potential carbon income from land and forests is calculated quickly and easily for landowners in Europe to assist i...


Read More >>
Cruise to unveil robotaxi service in Austin and Phoenix by 2022

Cruise, an American self-driving technology unit, is reportedly all set to unveil commercial robotaxi services across Phoenix, and Austin, Texas, two major spots for autonomous vehicle development, in the next 3 months before 2022 ends. During Gol...


Read More >>
CCMG teams up with COPC to improve South Africa’s contact centre industry

Innovative global leader, COPC Inc. has reportedly announced a new partnership with the CCMG (Contact Centre Management Group) in South Africa. According to credible sources, this partnership will provide research insights into the contact centre ...


Read More >>
EU nations split on capping Russian gas prices amid high energy costs

Amid working out measures to protect citizens and businesses from soaring energy bills, energy ministers of the European Union (EU) were reportedly divided on capping the prices of Russian gas during their meeting earlier on Friday. Apparently, th...


Read More >>
Fraugster partners with Yuno to expand its footprint in the LATAM region

Ultimate payment platform, Yuno has reportedly partnered with leading payments intelligence company, Fraugster, to offer easy access to online merchants for compliance, fraud prevention, and revenue uplift solutions with a single API. Apparently, ...


Read More >>
Ageas & eBaoTech partner to facilitate Digital Platforms’ Strategy

eBaoTech Corporation, a technology solution provider, has recently publicized that its InsureMO® platform has been selected by Ageas Group (Ageas) for its digital transformation as part of the Group’s Impact24 strategy for investing and exp...


Read More >>
Universal Entertainment takes over operations of Okada Manila resort

Universal Entertainment Corp., a Japan-based manufacturer of gaming machines, has recently announced that its local representatives in the Philippines have taken over the operation of a gambling resort, Okada Manila, taking the final step in a long-o...


Read More >>
U.S. authorities ask Nvidia to ban export of prominent AI chips to China

Nvidia Corporation, a company that designs computer chips, was instructed by U.S. officials to stop the export of two of the best computing chips to China for use in artificial intelligence (AI) projects. Apparently, this could severely limit Chinese...


Read More >>
Power Grid hampers 5G dream; pushes for outdated tech in electricity meters

As India readies to launch 5G services in October, the state-run PGCIL (Power Grid Corporation of India) is still deploying obsolete and dated technology to install 1 crore smart electricity meters that can seriously jeopardize the planned reforms in...


Read More >>
Europe currently going through its worst drought in 500 years: Report

According to the EDO (European Drought Observatory), Europe is experiencing its worst drought in around 500 years. There have also been reduced inland shipping as well as lower power production and crop yields, with a state of alert or emergency alre...


Read More >>
Human drivers are not liable for mishaps by autonomous vehicles – UK Govt

According to the country's new strategy for achieving a wider rollout of self-driving vehicles by 2025, manufacturers running self-driving vehicles in the UK would be liable for a vehicle's behavior when in autonomous mode. This means that hu...


Read More >>
E-comm solutions provider Graas bags USD 40 Mn in Series A funding

Singapore-based e-commerce enabler Graas has announced having received funding of USD 40 million in the Series A round. The investment was led by an array of South Asian and Indian investors from private equity, retail, and deep tech giants such...


Read More >>
Tencent to sell its Meituan stake amid regulatory pressure from China

Tencent Holdings Ltd., a Chinese conglomerate, is reportedly planning to sell a fraction of its 17% stake in shopping platform Meituan to pacify domestic policymakers and capitalize on an investment made eight years ago. According to people famili...


Read More >>
Swiggy’s moonlighting policy allows employees to take up external gigs

Online food delivery behemoth Swiggy has reportedly established a moonlighting policy that enables its staff to work on external projects, although subject to internal clearance. According to the company, the staff will be allowed...


Read More >>
Oracle begins employee layoffs before announcing its quarterly results

Oracle Corporation is reportedly planning to lay off thousands of workers as early as August, as the database and cloud services provider is getting ready to release its first-quarter financial results. For those unaware, employees were informed a...


Read More >>
LVMH outshines in Q2 as European recovery offsets sales drop in China

Luxury good group LVMH Moët Hennessy Louis Vuitton reported second-quarter revenues beyond analysts’ expectations, with extensive progress in the United States and retrieval in Europe which helped mitigate the dwindling sales in Asian busi...


Read More >>
China’s BYD planning to enter South Korea’s electric vehicle market

The world's largest manufacturer of electric vehicles, BYD Auto. Co. Ltd., is reportedly preparing for EV sales in the South Korean market, competing against the likes of Hyundai Motor Group, the nation's largest automaker, with lower prices ...


Read More >>
Sony developing autonomous driving sensors that consume 70% less power

The company is likely to employ these sensors in the Sony-Honda JV electric vehicles. These sensors incorporate image recognition and radar technology to decrease harsh weather effects on EVs. Tech behemoth Sony Group is reportedly developi...


Read More >>
Indian central bank likely to ban cryptocurrencies with global support

The Reserve Bank of India is reportedly planning to forbid cryptocurrencies from its financial structure due to concerns about the destabilizing effect these virtual assets may have on the nation's economic prosperity. India's Finance Mini...


Read More >>
Japan to extend support to India during its energy transition push

Japan’s Industry Minister Koichi Hagiuda announced on Wednesday i.e., 13th July that the country is planning to assist India in steering its transformation process to clean energy by building on an initiative introduced last year for Southeast ...


Read More >>
TCS eyeing North America expansion amid economic turmoil in Europe

The statistical figures of Tata Consultancy Services (TCS) for Q1-FY23 have reportedly showcased a mixed outcome of revenues surpassing estimates but with disappointing margins. Aside from this, the company has confirmed that it would be focusing ...


Read More >>
Meta’s AI-based translation tool can interpret around 200 languages

According to the artificial intelligence researchers at Facebook’s parent company, Meta has taken a step forward towards achieving its science-fiction dream of automated universal translation. Sources claimed that machine learning, the AI-su...


Read More >>
Foxconn increases annual forecast for 2022 amidst strong tech demand

Foxconn, a prominent contract electronics manufacturer, has reportedly increased its full-year business outlook as a result of robust sales of servers and smartphones, despite concerns over demand drops due to rising inflation. The Taiwanese compa...


Read More >>
Instagram users can now delete their accounts on all Apple devices

To comply with Apple’s App Store guidelines, popular social media platform Instagram has now added account deletion support to iOS devices. The iPhone maker's store policy notably instructs that all apps that allow users to create accounts ...


Read More >>
Tesla lays off 200 hourly workers as it closes its California office

Tesla Inc. reportedly closed its San Mateo, California office to expedite cost-cutting and has let go nearly 200 workers who functioned on its autopilot driver-assistant system. Most of these employees were compensated on an hourly basis. Earlier ...


Read More >>
Around 2,900 Ford Lightning pickups recalled over software-linked issue

The recall covers 220 units of the electric pickup trucks in Canada and 2,666 units in the US. Ford has refused to accept any more orders and declared the EV sold out for 2022. Ford Motor Company has reportedly recalled the first batch of ...


Read More >>
Coca-Cola ranked the most powerful brand in U.S., as per the BSI score

The Coca-Cola Company, an American multinational beverage corporation, has reportedly secured a Brand Strength Index (BSI) score of 93.3 out of 100, making it the strongest brand in the USA, according to a TradingPlatforms.com analysis of the iconic ...


Read More >>
FDA to order Juul Labs to pull its e-cigarettes from the United States

The U.S. FDA (Food and Drug Administration) is reportedly planning to instruct Juul Labs Inc. to stop supplying its e-cigarettes in the country. Shares of Altira, which owns a 35% stake in Juul Labs, fell to 8.5% after the latest development. For ...


Read More >>
E-comm to offer USD 8 Bn opportunity for digital ads in India: Report

According to a recent study, e-commerce platforms are currently India's fastest-growing digital advertising medium and are expected to offer around USD 8 billion worth of opportunities by 2030. Roughly 300-350 million new online customers from ti...


Read More >>
U.K. seeking USD 935 million in damages from Apple for unfair practices

Apple Inc. is reportedly facing a class-action lawsuit in the United Kingdom, which is seeking USD 938 million in damages, accusing the tech giant of mishandling its market dominance. Justin Gutmann, a consumer rights activist, is leading the case...


Read More >>
U.K. seeking USD 935 million in damages from Apple for unfair practices

Apple Inc. is reportedly facing a class-action lawsuit in the United Kingdom, which is seeking USD 938 million in damages, accusing the tech giant of mishandling its market dominance. Justin Gutmann, a consumer rights activist, is leading the case...


Read More >>
Google, Twitter, Facebook compelled to tackle deepfakes or face fines

Credible sources have claimed that Facebook Inc., Twitter Inc., and Google LLC have been forced to address deepfakes and fake accounts on their platforms or pay heavy fines as per the updated mandate from the European Union (EU). For those unaware...


Read More >>
EU to mandate USB Type-C charging solution for all devices by 2024

Co-legislators of the European Union have reportedly reached a provisional agreement on common charging solutions for a total of 15 different device categories including laptops, smartphones, tablets, and other medium & small-sized electronics ac...


Read More >>
Asias factory operations slowed in May over China’s COVID-19 curbs

As per reliable sources, factory operations in Asia slowed in May as China's stringent Coronavirus restrictions began to disrupt supply chains and weaken demand, compounding problems for some of the region’s economies that were already stru...


Read More >>
eBikeGo partners with Log 9 to launch 10mins super-fast charging tech

eBikeGo, India's largest electric two-wheeler commuting platform, has teamed with Log9 Materials, a Bengaluru-based advanced battery technology start-up, to develop a 10-minute instant technology for the Velocipedo, a new electric trike. eBikeGo...


Read More >>
EV growth likely to be hampered as lithium prices surge 500% in a year

According to reliable sources, lithium prices have surged approximately 500% within just a year, which in turn could hamper the rapid expansion of electric vehicles and threaten the clean air movement. This development comes after battery components ...


Read More >>
Luxury retailers relying on affluent buyers as inflation grips the U.S.

Luxury retailers in the United States are reportedly depending on the deep pockets of their high-end customers to weather the inflationary storm that has engulfed the retail landscape. Off late, the retail environment is feeling the effects of inflat...


Read More >>
Hyundai’s U.S. investment expected to reach USD 10 billion by 2025

South Korea's largest carmaker Hyundai Motor Group is reportedly planning to invest an additional USD 5 billion in the U.S. by 2025. The company aims to strengthen its collaboration with technological firms in the country. During a visit to Se...


Read More >>
Amazon Smart Commerce to digitize 10 million small businesses in India

E-commerce behemoth Amazon Inc. has reportedly launched a “Smart Commerce” initiative in India, aiming to digitalize 10 million small businesses, allow for USD 10 billion worth in exports, and create 2 million jobs by 2025. During the ...


Read More >>
McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

After Ukraine’s invasion, multinational fast-food giant McDonald's Corp. is reportedly planning to sell all its restaurants in Russia, pulling operations from the nation after 30 years. The world's biggest fast-food chain closed 847 ...


Read More >>
Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

GetHenry, a Berlin-based company that offers couriers and logistics organizations electric last-mile delivery bikes, has reportedly raised USD 17.4 million seed round to grow its operations across Europe. The latest investment round was led by LocalG...


Read More >>
Ferrari to equip the upcoming Purosangue with its trademark V12 engine

Italian luxury sports car manufacturer Ferrari S.p.A. will equip its much-awaited Purosangue SUV with a 12-cylinder engine, as it focused more on fuel-efficient models. Confirming the news, Ferrari Chief Executive Benedetto Vigna claimed that the com...


Read More >>
White House to spend USD 3 billion on EV battery manufacturing in U.S.

According to reliable sources, the Biden administration is planning to provide USD 3 billion in finance to reinforce EV battery manufacturing capabilities in the United States. The apparent funds will be issued by the Department of Energy from Presid...


Read More >>
Telefonica eyeing Israel’s high-tech sector to improve its portfolio

Telefonica S.A. is planning to increase its investments in Israel’s high-tech sector this year, a senior official reported recently. The company, which is Europe’s third-largest telecommunications company, is also eyeing the country&rsquo...


Read More >>
Harley-Davidson’s Q1 profit falls over chip shortages and rising costs

Harley-Davidson Inc. reportedly saw a downturn in profit for the first quarter, owing primarily to chip shortages and rising costs despite an uptick in sales. The company's stock price was down 1.2%, trading at USD 36.20 on the New York Stock Exc...


Read More >>
Worldwide military expenditure exceeded USD 2 trillion in 2021: Report

Global military spending reportedly reached USD 2.1 trillion in the year 2021, with the U.S., China, and emerging as the three largest spenders, according to a report from SIPRI (Stockholm International Peace Research Institute). The report showed...


Read More >>
Rolls-Royce likely to get U.K. approval for its mini nuclear reactor

Rolls-Royce has reportedly fabricated a mini nuclear reactor for which it is hoping to get complete authorization from the U.K. by 2024. According to the chairman of Rolls-Royce Small Modular Reactors, Paul Stein, this nuclear reactor will be able to...


Read More >>
New York Police Department adds Ford Mustang Mach-E GT to its EV fleet

The NYPD has also ordered over 200 Tesla Model 3 vehicles to add to its EV fleet. The city plans to install 10 high-speed EV chargers in LaGuardia that would charge the vehicle in less than 30 mins. In a move to create a more environmentally f...


Read More >>
Cruise adds another Walmart store for its self-driving delivery pilot

General Motors-owned self-driving car company Cruise is reportedly expanding its autonomous driving delivery pilot program with Walmart in Arizona. The firm will be now offering limited deliveries for the Chandler customers in addition to Scottsdale....


Read More >>
Glenmark obtains DCGI nod for clinical study of its GRC 54276 molecule

Glenmark Pharmaceuticals Limited has reportedly received approval from the DCGI (Drug Controller General of India) to perform phase 1 clinical trials of its novel molecule for advanced solid tumor patients. Glenmark Specialty SA obtained the DCGI no...


Read More >>
Marriott, Charge Zone partner to install EV charging stations in India

EV charging network Charge Zone has reportedly partnered with Marriott International Inc. to install electric vehicle charging stations across the hotel chain’s Indian properties. Under the partnership, the company will also deploy a charging ...


Read More >>
Climate change could cost federal budget USD 2 Tn yearly: White House

According to the White House, climate change might prove to be severely detrimental to the U.S. federal budget by the end of this century, resulting in a loss of at least 7.1% annual reserve, which is a whopping USD 2 trillion per year based on today...


Read More >>
Robinhood launches new debit card to reinforce its financial footprint

American financial service firm Robinhood Markets Inc. has reportedly launched a new debit card on Tuesday that will allow users to invest any spare change as it seeks to grow beyond trading, into other consumer-centric finance verticals, putting it ...


Read More >>
BMW recalls 1 million vehicles due to potential fire risks in the U.S.

BMW recently announced a recall of more than one million vehicles due to a risk of an engine fire. According to BMW, the affected vehicles have a malfunctioning engine ventilation system, which might cause overheating and raise the risk of fire. The...


Read More >>
KFC parent Yum! Brands halts development and investment in Russia

As per reliable sources, KFC Corporation and Pizza Hut’s parent company Yum! Brands Inc. has halted its investments in Russia, a key market that had helped the food major achieve record development in the preceding year. However, Yum! Brands r...


Read More >>
South Korea’s Hyundai Motor Co boosts EV spending to USD 16 Bn

As the viability of EVs is getting realized, auto manufacturers are increasingly directing their efforts towards this space. Recently, Hyundai Motor Co. announced plans to invest USD 79.21 billion through 2030, including USD 16.10 billion in EV-relat...


Read More >>
LinkedIn’s Creator Accelerator Programme to assist 200 Indian creators

LinkedIn is reportedly bringing its renowned Creator Accelerator Program to India, the country which is known to be its second-largest market after the U.S., with over 85 million active users.  The development comes as the race to woo creators s...


Read More >>
Delivery e-bike startup Zoomo secures USD 20 Mn in Series B fundraise

Zoomo, an Australian firm that makes utility e-bikes for delivery drivers, has closed its Series B round after raising an additional USD 20 million in equity funding. The round was led by Collaborative Fund and other strategic investors like MUFG Inn...


Read More >>
Misinformation on social media holding back vaccination rates: Study

The WHO had previously stated that vaccine hesitancy is one of the biggest threats to global health. A recent study further affirms this issue as a major problem, stating that rapidly spreading misinformation on social media about the benefits and di...


Read More >>
Tyson Foods to ease mask reforms as infection rates plunge in the U.S.

Tyson Foods Inc. has reportedly scrubbed the mandatory use of masks for its fully immunized employees at some of its facilities in the United States. Those working at meatpacking plants will, however, be compelled to wear masks. According to the sec...


Read More >>
Toyota, Honda profit-ambitious as customers pay more for limited cars

Toyota Motor Corporation and Honda Motor Company Ltd. are reportedly optimistic about this year's profit outlook. The recent chip shortage has resulted in limited vehicle supply, further allowing the Japanese automakers to charge a higher price t...


Read More >>
SoftBank plans an IPO for Arm after purchase deal with Nvidia collapses

A deal for the sale of Arm Ltd. by SoftBank Group Corp. to Nvidia Corp, a U.S. chipmaker, has reportedly collapsed. It is believed that Arm will instead opt for an IPO rather than the sale, which could have been worth USD 80 billion. The sale agreem...


Read More >>
Audi eyeing to produce electric cars locally in India to boost sales

Audi is reportedly contemplating the viability of fabricating electric vehicles domestically in India with a view to manufacture at threshold volumes and reach more customers, as the automaker intends to go all-electric by 2033.  The company st...


Read More >>
GM reports 110,000 bookings for the Chevrolet Silverado electric truck

According to General Motors chairman and CEO Marry Barra, the company has secured more than 110,000 reservations for its all-electric truck, the Chevrolet Silverado, including bookings from more than 240 fleet operators. The fresh booking details on ...


Read More >>
Apollo HealthCo. in talks to raise USD 500 Mn via a minority stake sale

Apollo Hospitals is reportedly in talks with a clump of private equity investors including SoftBank and General Atlantica to sell a minority stake in its pharma business, Apollo HealthCo. The 100% subsidiary of Apollo Hospitals is expected to raise U...


Read More >>
Lamborghini India posts 86% growth with highest-ever sales in 2021

Lamborghini India reportedly recorded an 86% growth in 2021 as compared to the previous year. The supercar manufacturer completed the delivery of 69 cars this year, according to the Head of Lamborghini India, Sharad Agarwal. The company’s stro...


Read More >>
Tesla outperforms analyst expectations for Q4 revenue and profit

Tesla Inc. has reportedly released its Q4 and calendar-year 2021 results, revealing USD 17.72 billion in revenue in the last three months of the previous year with the company’s automotive segment alone generating USD 1 billion. Tesla's ne...


Read More >>
Bentley to launch its first fully battery-powered luxury car in 2025

Luxury British carmaker Bentley, a subsidiary of Volkswagen Group, reportedly said that it will produce its first fully electric vehicle in 2025, ushering the company into the world of electric mobility. Bentley also pledged USD 3.4 billion in susta...


Read More >>
Ola Electric’s value soars to USD 5 Bn following a USD 200 Mn funding

Ola Electric has reportedly raised USD 200 million in a fresh funding round, which has brought its valuation to USD 5 billion. This time, the EV maker has managed to secure funds from Tekne Private Ventures, Edelweiss, Alpine Opportunity Fund, and ot...


Read More >>
Grocery delivery race among Indian startups stirs road safety concerns

Indian grocery entrepreneurs have been enticing tech-savvy clients with the promise of 10-minute deliveries, however, this has prompted road safety concerns as bikers strive to fulfill strict deadlines. Flipkart, Walmart, Amazon, and Indian billionai...


Read More >>
SaaS Labs raises USD 42 Mn in Series B, acquires Callpage and Atolia

SaaS Labs, a SaaS company that creates business automation tools for sales and support teams, has reportedly acquired USD 42 million in Series B round spearheaded by Sequoia Capital India, along with backing from existing investors Eight Roads Ventur...


Read More >>
Sony loses USD 20 billion in market value on Microsoft-Activision deal

Shares of Sony Group Corp. saw a 13% drop on January 19th, losing a whopping USD 20 billion in market value after rival Microsoft Corp. acquired video game developer Activision Blizzard in a USD 68.7 billion deal. While Sony's PlayStation is wid...


Read More >>
Samsung to launch first-ever smartphone chip with AMD ray-tracing GPU

Samsung has revealed the Exynos 2200, an in-house developed processor designed for use in mobile phones. It is the world's first mobile chipset with an AMD RDNA 2 graphics design GPU, which supports hardware-accelerated ray tracing. According to...


Read More >>
Mercedes-Benz to double down on its electric vehicle sales in India

German luxury automaker Mercedes-Benz is seeking to increase sales of its electric vehicles in India, according to a senior business executive, with potential plans in works to locally manufacture its all-electric sedan EQS. By the fourth quarter of...


Read More >>