Chinese smartphone maker Xiaomi has received over 75,000 orders for its electric sedan, the SU7, and plans to deliver over 10,000 units in June. The company aims to deliver more than 100,000 units of the SU7 by 2024 and will focus on the Chinese market for the next three years. Xiaomi’s car, which is inspired by Porsche and is cheaper than Tesla’s Model 3, has sparked a price war in the electric vehicle market in China. Xiaomi’s founder, Lei Jun, has invited global talent to join the company’s car-making team. You Can Read Full News By Clicking On Below Link.
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Food delivery app swiggy is preparing for its upcoming IPO by offering a 20% discount on shares to high net worth individuals (HNIs). The company is valued at ₹80,000 crore and plans to sell shares at ₹350 each. Swiggy’s rising valuation has drawn comparisons to rival Zomato. Despite incurring losses, swiggy aims to reduce expenses through lower wages and marketing spending. The IPO comes amid…
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Uday Kotak, founder of Kotak Mahindra Bank, commented on the higher-than-expected US inflation in March. He believes this will delay rate cuts by the US Federal Reserve and keep interest rates higher globally, including in India. Kotak also mentioned that a rate cut in the US may happen closer to the presidential elections. The US consumer price index rose to 3.5% in March, reducing the chances of…
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Apple has made some important changes to their system that alerts users about potential threats. .
April 11, 2024 1:24 pmApple has sent out threat notifications to users in 92 countries, including India, warning them that they may have been targeted by mercenary spyware. The notifications were sent via email to affected users and stated that they have been individually targeted. This is a change from Apple’s previous notifications, which warned about state-sponsored attacks. The threat notification system was…
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Apple has increased its Iphone production in India, with approximately 14% of its flagship devices now being manufactured there. Taiwanese manufacturers Foxconn and Pegatron played a significant role in boosting production. Apple is looking to diversify its supply chain beyond China due to rising geopolitical tensions. Pegatron is in talks to transfer control of its Iphone manufacturing facility in…
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The Employees’ Provident Fund Organisation (EPFO) has introduced a new system to make it easier to transfer your provident fund (PF) balance when you change jobs. The new automatic transfer system allows your PF balance to be credited to your new employer’s account without any action required from you. To be eligible for this facility, your EPF account must be under the EPFO’s purview…
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Tesla is reportedly in talks with Reliance Industries for a possible joint venture to set up its operations in India. The discussions are at an early stage and have been ongoing for over a month. The aim is to build capacities for electric vehicles in India, and Reliance may play a significant role in establishing the manufacturing facility and the ecosystem for Tesla. Tesla has committed $2 billion…
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Air travelers in India may have to pay 5-30% more for flights this summer due to capacity cuts and operational issues faced by airlines. Vistara has cut back on flights, while IndiGo has grounded 75 aircraft. Experts predict a rise in airfare on popular routes, with a potential increase of 5-8%. Travel portals have observed a surge in prices, but expect fares to stabilize in a few weeks as flight…
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The cost of plane tickets is going up, but it's not Vistara's fault.
April 10, 2024 3:22 amThe crisis at Vistara due to a shortage of pilots has led to discussions about a potential increase in air fares. However, this is unlikely to happen. Fares in India are based on demand and supply, and while there may be a decrease in capacity, it is not significant enough to cause a major impact on fares. Additionally, other factors such as fuel prices and exchange rates also affect fares. Overall…
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The price of Avenue Supermart shares has reached a new high for the past year.
April 10, 2024 3:20 amShares of Avenue Supermart, the operators of DMart, rose over 1% to reach a new 52-week high of ₹4,784 after announcing the opening of a new store in Bengaluru. The company’s total number of stores now stands at 366. The stock has rallied over 20% in the past month, and the company reported a 20% rise in standalone revenue in the final quarter of FY24. Brokerage firms like Morgan Stanley and…
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Bandhan Mutual Fund is launching the Bandhan Innovation Fund, which will invest in companies with high R&D investment, skilled employees, unique products, and brand presence. The fund is ideal for long-term investors with a higher risk appetite. It will allocate investments to different types of innovators and will have an exit load if redeemed within 30 days. The minimum investment amount varies…
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Tesla has settled a lawsuit over the death of a man who was using the autopilot feature while playing video games on his iPhone. The family of the man filed a lawsuit against Tesla, claiming that the company exaggerated the capabilities of its self-driving technology. The settlement amount was not disclosed. Tesla settled to avoid a lengthy court battle. This is not the first time Tesla has faced…
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Intel has unveiled its new Gaudi 3 chip, which aims to compete with Nvidia’s dominance in AI semiconductors. The chip is capable of training large language models 50% faster than Nvidia’s previous generation processor and can compute generative AI responses more quickly. Intel’s customers are looking for choice and an open approach in the industry. Intel has struggled to compete…
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Google CEO Sundar Pichai is surprised by how quickly Artificial Intelligence (AI) has been adopted in the past 10 months. He said that Google has been preparing for this for a long time. You Can Read Full News By Clicking On Below Link.
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The National Stock Exchange (NSE) has warned about fake audio and videos circulating on social media that falsely feature its MD & CEO, Ashishkumar Chauhan, recommending specific stocks. The NSE stated that these videos have been created using advanced technology to imitate Chauhan’s voice and facial expressions. The NSE has cautioned investors not to believe or follow any investment advice…
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The National Highways Authority of India (NHAI) has implemented the ‘One Vehicle, One FASTag’ rule, which means that each vehicle can only have one active FASTag. If a vehicle has multiple FASTags, only the most recent one will be activated and the others will be deactivated. Vehicle owners can recharge their FASTag through various payment methods. To check the status of FASTags linked…
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Shares of Paytm, the Indian digital payment company, dropped nearly 3% after the managing director and CEO of Paytm Payments Bank, Surinder Chawla, resigned for personal reasons. Paytm’s parent company, One 97 Communications, stated that most agreements between the company and PPBL have been terminated. Paytm’s UPI market share also fell to 9% in March, the lowest in four years. Bank of…
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Elon Musk shared an old video interview of Steve Jobs where he talked about the importance of working with the right people and the process of turning ideas into great products. Jobs mentioned that a great idea is only 10% of the work, and the rest is craftsmanship and tradeoffs. Musk agreed with Jobs and emphasized the magic of the process. Jobs also highlighted the importance of a passionate team…
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Google CEO Sundar Pichai believes that Artificial Intelligence (AI) has the power to transform society, but he is concerned about the potential impact on Google’s business from startups with better ideas. He also acknowledges that it is difficult to predict what jobs will exist in the next 20-30 years, just as we couldn’t have predicted jobs like content creators or YouTubers in the past…
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Shares of Vedanta rose by over 7% to a 52-week high of ₹364.60 after CLSA upgraded its rating to ‘buy’ and raised the target price. CLSA believes Vedanta is well-positioned to benefit from the commodity upcycle due to its diversified exposure and efforts to enhance capacity and profitability. However, Vedanta’s leverage has increased despite its parent company reducing debt. Stakeholders…
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The Glide Foundation, a California homeless charity, will hold an auction on eBay for a private lunch with Salesforce CEO Marc Benioff. The charity previously received millions from investors who wanted a lunch with Warren Buffett. The final auction with Buffett raised a record $19 million. Glide hopes the Benioff auction will also raise significant funds for their budget, which supports the homeless…
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