SoftBank has been in discussions with GoMechanic for more than nine months and was initially uncomfortable with the Indian firm’s valuation request of $1 billion, said the first source. By M. Sriram MUMBAI: SoftBank Group is in talks to invest $35 million in Indian car service and repair firm GoMechanic, in what would be one… Continue reading SoftBank plans $35 mln bet on India’s GoMechanic
Author: Economic Times of India Online News
Das: Macro conditions have improved since Aug policy
RBI governor Shaktikanta Das MUMBAI: RBI governor Shaktikanta Das has said that macroeconomic conditions have improved on several fronts since its August 5 monetary policy. Crude oil prices have averaged $97. 4 per barrel in August versus the central bank’s estimate of $105 and the overall softening of commodity prices have altered the assessment of… Continue reading Das: Macro conditions have improved since Aug policy
India is the trusted partner of the world, says Minister Piyush Goyal during US visit
Union Commerce and Industry Minister Piyush Goyal, who is on a six-day visit to San Francisco and Los Angeles starting on Monday, highlighted India’s stable economic conditions during COVID-19 pandemic and said that the country has emerged as the trusted partner of the world. Speaking at a luncheon interaction with the Institute of Chartered Accountants… Continue reading India is the trusted partner of the world, says Minister Piyush Goyal during US visit
Delhiites in favour of EV transition for delivery, e-commerce companies: Survey
New Delhi: A new consumer survey shows strong support from Delhi consumers for the proposed aggregator scheme of the city government which requires a time-bound transition to electric vehicles by last-mile delivery and e-commerce companies. The proposed scheme sets an April 30, 2030 deadline for the complete transition of Internal Combustion Engines (ICE) to electric… Continue reading Delhiites in favour of EV transition for delivery, e-commerce companies: Survey
Tesla steps up recruiting in Thailand as EV competition heats up
Musk often sends company wide emails near a quarter’s end to push staff to sprint to the finish, and Tesla is known to deliver many units in the the final weeks. In a subsequent memo, he told workers to be proud of the “great, real products” they make. BANGKOK: Tesla Inc is stepping up recruitment… Continue reading Tesla steps up recruiting in Thailand as EV competition heats up
Consumers for accelerated EV transition for e-commerce, delivery companies: Survey
New Delhi, A new consumer survey made public on Monday showed an overwhelming desire from consumers to see accelerated EV transition from e-commerce to delivery companies in response to air pollution and climate change. The survey conducted among 9,048 consumers across six major cities — Mumbai, Pune, Delhi, Kolkata, Bangalore and Chennai — shows that… Continue reading Consumers for accelerated EV transition for e-commerce, delivery companies: Survey
Inter-state gang kingpin involved in 5000 car thefts held in Delhi
New Delhi, Kingpin of the car thief gang who had stolen 5000 vehicles from various parts of the country since 1998, was arrested, police said on Monday. Anil Chauhan (52), resident of Khanpur Extention who hails from Tejpur, Assam, was also notorious for smuggling of Rhinoceros horn in the northeastern state. He was also actively… Continue reading Inter-state gang kingpin involved in 5000 car thefts held in Delhi
Mandatory wearing of seat belt in rear seat could have saved Cyrus Mistry
As per the preliminary probe, Mistry was not wearing the seat belt and over-speeding and the “error of judgement” by the driver caused the accident. New Delhi, The mandatory wearing of the seat belt by passengers in the rear seat of the car, as provided by the law, could have saved former Tata Sons chairman… Continue reading Mandatory wearing of seat belt in rear seat could have saved Cyrus Mistry
Faulty project reports responsible for road accidents: Gadkari
Nitin Gadkari, Union Minister for Road Transport and Highways New Delhi: Union minister Nitin Gadkari on Monday attributed some of the road accidents to faulty project reports and stressed that companies need proper training for preparing detailed project reports for construction of highways and other roads. The Road Transport and Highways minister said that the… Continue reading Faulty project reports responsible for road accidents: Gadkari
Revving exports to America keeps India in race to be next China
India, believed by many to have the potential to become the next China, is finally making headway in the exports market as it broke into the top 5 suppliers of Christmas decorative items and t-shirts to the US. Sea-borne shipments of festival goods and accessories to America touched $20 million last month, almost triple the… Continue reading Revving exports to America keeps India in race to be next China