 "Warivo Motor India aims to double revenue with the launch of its high-speed electric scooter, the CRX, targeting significant market expansion.")
Warivo Motor India, an electric two-wheeler startup, aims to nearly double its revenue to around Rs 120 crore in the current fiscal year. This growth is driven by the launch of their high-speed electric scooter, the CRX, priced at Rs 79,999. Shifting from their earlier focus on low-speed scooters, Warivo’s CRX can reach speeds of ...
 "India extends anti-subsidy duty on Chinese pesticides to protect local industries from damaging subsidized imports. Trade tensions escalate.")
India has decided to extend the anti-subsidy duty on a Chinese pesticide chemical, Atrazine Technical, for an additional five years to protect local manufacturers. This move follows recommendations from the commerce ministry’s investigation body, DGTR, which found that the duty has supported Indian producers by allowing them to expand their operations. The new duty rates ...
 "Amazon and Flipkart face antitrust findings in India for preferential treatment of sellers, igniting a fierce competition debate.")
An Indian antitrust investigation has concluded that Amazon and Flipkart violated local competition laws by favoring specific sellers on their platforms. The Competition Commission of India (CCI) initiated this probe in 2020, following complaints that these companies promoted select sellers over others. The findings revealed that preferred sellers appeared more prominently in search results, marginalizing ...
 "Corning accelerates growth in India with major investments in mobile tech and life sciences, marking a bullish future.")
Corning is optimistic about its growth in India, focusing on mobile consumer electronics and life sciences. Currently, its automotive and optical fiber sectors generate the most revenue. The company, originally known for glass covers for light bulbs, has diversified into various glass technologies. To strengthen its presence, Corning plans to invest over Rs 1,000 crore ...
A report by an expert group from NITI Aayog suggests creating a Public Health Emergency Management Act (PHEMA) to improve responses to disease outbreaks and pandemics. Titled ‘Future Pandemic Preparedness and Emergency Response’, the report emphasizes the importance of the first 100 days of an outbreak for effective management. It proposes a special fund for ...
 "Veteran leader Sitaram Yechury, a pragmatic communist, shaped left politics in India before his passing at 72, leaving a profound legacy.")
Sitaram Yechury, a veteran leader of the Communist Party of India (Marxist), passed away at the age of 72 after battling a severe lung infection. Known for his deep understanding of electoral politics, Yechury aimed to modernize the Left movement by fostering alliances to challenge the right-wing Sangh Parivar. A key architect of the United ...
 "Airtel partners with Sparkle to enhance global connectivity, acquiring capacity in a submarine cable system linking India and Italy.")
Bharti Airtel has announced a new international partnership to enhance its global network by acquiring extra capacity on the upcoming Blue-Raman Submarine Cable System, which will link India to Italy. The agreement is with Sparkle, a leading Italian telecom provider, and aims to improve low-latency connectivity between Asia and Europe. This partnership will help Airtel ...
Ford Motor Company is in talks with the Tamil Nadu government to explore the possibility of producing vehicles for export, signaling its potential return to the Indian Market after a three-year absence. Chief Minister MK Stalin confirmed discussions aimed at renewing Ford’s long-standing partnership with the state, known for its automotive industry. The company is ...
On September 11, 2024, semiconductor stocks experienced a significant rise following Prime Minister Narendra Modi’s speech at the Semicon India 2024 event. He emphasized India’s commitment to boosting its semiconductor infrastructure and highlighted the country’s potential to become a global leader in chip manufacturing. Modi stated that India holds 20 percent of the world’s talent ...
Prime Minister Narendra Modi inaugurated the three-day Semicon India 2024, emphasizing that now is the perfect time for global investment in India’s semiconductor industry. He highlighted the government’s commitment to stable policies and ease of doing business, making India a promising hub for semiconductor manufacturing. Modi underscored India’s role as a significant consumer and contributor ...
