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Cendyn reinforces commitment to driving profitable revenue through WIHP acquisition

Global technology and services leader for the hospitality industry, Cendyn, continues its legacy of innovation with strategic acquisition of WIHP, a trailblazer in hotel metasearch services and technology PARIS, Aug. 30, 2023 /PRNewswire/ — Cendyn, a catalyst for digital transformation in the hospitality industry, proudly announces the strategic acquisition of WIHP, an industry leader in… Continue reading Cendyn reinforces commitment to driving profitable revenue through WIHP acquisition

Guangzhou eases mortgage rules as China steps up efforts to revive property sector

Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs as the government ramps up efforts to revive the crisis-hit property sector and shore up the sputtering economy. The decision comes as some Chinese state-owned banks are expected to lower interest rates on existing mortgages, three sources familiar with… Continue reading Guangzhou eases mortgage rules as China steps up efforts to revive property sector

Chinese EV maker Nio to launch first mobile phone in Sept to boost appeal of its cars

Nio plans to launch its first self-developed mobile telephone in late September, the Chinese electric vehicle maker said, aiming to improve the appeal of its cars with better software and connectivity. It becomes China’s latest automaker to join a trend of rolling out car systems that allow drivers to use their smartphones to remotely open… Continue reading Chinese EV maker Nio to launch first mobile phone in Sept to boost appeal of its cars

PepsiCo returns to Indonesia, breaks ground for snack factory in West Java

US food and beverage maker PepsiCo began building a snack factory in Indonesia’s West Java on Wednesday, marking its return to Southeast Asia’s largest economy after splitting with a local partner two years ago. The factory, part of PepsiCo’s $200 million commitment to invest in Indonesia over a 10-year period, is expected to start producing… Continue reading PepsiCo returns to Indonesia, breaks ground for snack factory in West Java

German Handelsblatt: Nice investment: How the Opel Manta outperforms Mercedes and BMW007527

Opel Manta No other vehicle has increased in value as much as the Opel Manta in Germany over the past year. (Photo: Carpixel) Manta jokes are gone, as is the eponymous Opel off the road. On the other hand, anyone who owns such a model today has a good laugh. Because no other vehicle in… Continue reading German Handelsblatt: Nice investment: How the Opel Manta outperforms Mercedes and BMW007527

London’s Ultra Low Emission Zone expanded to cover entire city

Drivers must pay a charge of GBP 12.50 per day to drive a non-compliant vehicle anywhere in the city now. Those driving in the zone in a high emissions non-compliant car must pay the daily surcharge online or by phone up to three days after they travelled. London Mayor Sadiq Khan‘s controversial Ultra Low Emission… Continue reading London’s Ultra Low Emission Zone expanded to cover entire city

Centre tweaks PLI auto scheme to better support beneficiaries

These measures are likely to help in better implementation of the 25,938 crore PLI Scheme for Automobile and Auto Component Industry. New Delhi: The centre on Tuesday announced a slew of measures to make the performance linked incentive (PLI) Auto scheme more lucrative for beneficiaries. Announcing the development, Minister for Heavy Industries, Mahendra Nath Pandey… Continue reading Centre tweaks PLI auto scheme to better support beneficiaries

India’s Tata Motors, Mahindra & Mahindra gain certificates for production-linked payouts

Updated On Aug 30, 2023 at 08:47 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Apart from Tata Motors and Mahindra, four other companies have applied for certification which is crucial for receiving the incentives, the government said, without naming the companies. New Delhi: Indian automakers Tata Motors and Mahindra and… Continue reading India’s Tata Motors, Mahindra & Mahindra gain certificates for production-linked payouts

Mahindra & Mahindra’s VC unit head Parag Shah quits, to set up own venture

Updated On Aug 30, 2023 at 08:11 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Shah is setting up his own venture, as per an internal note circulated to employees by M&M’s group chief executive officer Anish Shah. New Delhi: Parag Shah, who was at the helm of Mahindra & Mahindra‘s… Continue reading Mahindra & Mahindra’s VC unit head Parag Shah quits, to set up own venture