BUSINESS
Tesla strengthens India team ahead of rolling electric cars
After Musk confirmed Tesla's arrival in India, Karnataka Chief Minister B.S. Yediyurappa declared in February that the US-based electric vehicle and clean energy company will set up its production unit here. Tesla has already registered its office in Bengaluru.
Discord ends talks with Microsoft for its $10B acquisition deal
Reports surfaced last month that in a bid to enter the competitive social media market, Microsoft may acquire popular chat and communications platform Discord for more than $10 billion. "Those talks ended without a deal, though it is possible they could be rekindled in the future," the WSJ report said on Tuesday, citing sources.
LIC earns Rs 1.84 trillion new premium in FY21
The insurer also paid Rs.1.34 trillion as claims last fiscal. According to LIC, it earned a new business or first year premium of about Rs 1.84 trillion last fiscal up from about Rs 1.77 trillion earned the previous year.
Samsung tops global smartphone market with 23% share in Q1 2021
"Globally, the top five vendors combined took a 76 per cent market share in Q1 2021, up from 71 per cent one year ago. Chip shortages and supply side constraints did not have a significant impact in Q1 among the top 5 brands," said Linda Sui, Senior Director, at Strategy Analytics.
India removes import duty on remdesivir
The Ministry of Finance, in a notification issued on late Tuesday night, removed the duty on import of pharmaceutical ingredients used to manufacture of the drug.
Vedanta offers to supply oxygen from its closed copper plant in Tuticorin
The Chief Executive Officer (CEO) of Sterlite, Pankaj Kumar, in separate letters to Union Health Minister Harsh Vardhan and Tamil Nadu Chief Minister K Palaniswami, has offered to supply oxygen to the Centre, Tamil Nadu and other state governments from its close copper plant in Tuticorin.
Online transactions saw a boost amid lockdown, finds report
Among the most interesting trends that emerged is the fact that the OTT segment witnessed an incredible 144 per cent increase in the number of transactions with theatres and offline entertainment avenues remaining shut, and a 139 per cent increase in expenditure between 2019 and 2020.
RIL provides 700 tonnes oxygen to 3 states and UT daily
The 700 tonnes of oxygen is being ferried daily for the past two days to Gujarat, Maharashtra, Madhya Pradesh and Union Territory of Daman & Diu and Dadra & Nagar Haveli free of cost in special tankers, as per their specific needs. It is sufficient to provide relief to at least 70,000 critically ill Covid-19 patients daily in these states and UTs.
India strategic investment plans intact: Coca-Cola
The newly appointed President of Coca-Cola India and South-West Asia, Sanket Ray said: "We firmly believe that India as a market has the phenomenal business potential over the long term. "Our strategic investment of building long term presence in India is intact. To capture this growth potential, our journey forward will require new investments, new capabilities and new business models, all supported by an eco-system of new local partnerships."
India to be third contributor to global GDP by 2040: US report
This statistical prediction made by Oxford Economics has been published in the seventh edition of the US National Intelligence Council's Global Trends report. The document, published every four years since 1997, assesses the key trends and uncertainties that will shape the strategic environment for the United States during the next two decades.
Don't Miss
Advertisement