Category: Tech News

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India unlikely to offer tax concessions for first sovereign green bond issue

India‘s government is unlikely to offer any tax concessions to attract investors to its first issue of sovereign green bonds, a senior government official told Reuters on Thursday. Despite that, it expects the bonds to be sold at a lower coupon rate than other government securities. The plan to issue green bonds was first discussed by Finance Minister Nirmala Sitharaman in the 2022/23 budget as a part of overall market borrowing with the… Continue reading India unlikely to offer tax concessions for first sovereign green bond issue

India metro smart cards vulnerable to ‘free top-up’ bug

A smart card bug lets anyone ride the metro for free Jagmeet Singh 14 hours India’s mass rapid transit systems — or metro, as it’s known locally — rely on commuter smart cards that are vulnerable to exploitation and allow anyone to effectively travel for free. Security researcher Nikhil Kumar Singh discovered a bug impacting… Continue reading India metro smart cards vulnerable to ‘free top-up’ bug

WhatsApp’s new Communities feature aims to bring related group chats together

WhatsApp is rolling out some new features, including one that’s designed to bring related group chats together. Meta CEO Mark Zuckerberg announced the Communities feature earlier this year, and the aim is to allow users to combine group chats “under one umbrella with a structure that works for them.” Similar tools are in the works… Continue reading WhatsApp’s new Communities feature aims to bring related group chats together

Blibli IPO said to have been twice oversubscribed on Day 1The oversubscription of retail orders will not change the free float of 15%, sources said.

Shares of PT Global Digital Niaga Tbk — the entity that owns Indonesian e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — are said to have been oversubscribed two times by retail investors on Day 1 of its public offering, according to sources familiar with the matter. The Blibli IPO, which… Continue reading Blibli IPO said to have been twice oversubscribed on Day 1The oversubscription of retail orders will not change the free float of 15%, sources said.

India Digest: P&G sets up $24m India innovation fund; Games24x7 launches $48m fund

Procter & Gamble India has announced a $24-million ‘P&G Technovate Fund’, while online gaming unicorn Games24x7 is launching a $48.3-million investment fund. P&G sets up Technovate Fund Procter & Gamble (P&G) India has announced a $24-million (Rs. 200 crore) ‘P&G Technovate Fund’ to solve business challenges by fostering innovation and leveraging innovative technology in collaboration… Continue reading India Digest: P&G sets up $24m India innovation fund; Games24x7 launches $48m fund

India Digest: PremjiInvest leads $21m funding in The Sleep Company; CashKaro snags close to $16m

In the latest funding deals, The Sleep Company has raised about $21.3 million (Rs177 crore) in its Series B round led by PremjiInvest, while cashback and coupons platform CashKaro has raised $15.7 million in its Series C funding round. PremjiInvest backs The Sleep Company Mattress maker The Sleep Company has raised about $21.3 million (Rs… Continue reading India Digest: PremjiInvest leads $21m funding in The Sleep Company; CashKaro snags close to $16m

Fisker Q3 results: 62k reservations, 42k units coming in 2023, and a drivable PEAR Prototype

According to its financial results report for Q3 2022 released today, Fisker remains on schedule to begin production of its flagship Ocean SUV two weeks from now. The American EV automaker is also reporting over 62,000 combined reservations and orders ahead of a four phase production plan that’s expected to produce 42,400 units by the… Continue reading Fisker Q3 results: 62k reservations, 42k units coming in 2023, and a drivable PEAR Prototype

Cleantechnica: Tesla Temporarily Leaked 340+ Upcoming Supercharger Stations 002355

One of the main barriers to widespread electric vehicle adoption is the need for growth in the charging infrastructure available. Fortunately for Tesla drivers (and soon others, too), the Supercharger network is fairly large already and is always expanding — with a recent update even leaking the locations of several of the automaker’s upcoming charging… Continue reading Cleantechnica: Tesla Temporarily Leaked 340+ Upcoming Supercharger Stations 002355

Clean Technica: Sweden’s Plugin EV Share At 59.4%, Volvo XC40 Back To Strength002354

October saw Sweden’s plugin electric vehicle share reach 59.4% of the auto market, up from 50.1% year on year. Full electrics alone took 35.5% share, from 22.9% YoY. Overall auto volume was 22,383 units, 12% up YoY, though still some 25% down on pre-2020 seasonal norms. October’s best selling full electric was the Volvo XC40.… Continue reading Clean Technica: Sweden’s Plugin EV Share At 59.4%, Volvo XC40 Back To Strength002354