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Bose invests $10 mn in Noise, takes Indian brand’s valuation past $400 mn
Business

Bose invests $10 mn in Noise, takes Indian brand’s valuation past $400 mn

New Delhi, Dec 25: Bose, a global pioneer in consumer electronics and audio, has invested $10 million in homegrown consumer electronics brand Noise, taking its valuation to nearly $426 million. Noise’s first-ever funding was part of the Series A round, where it allowed 2,400 Series A preference...
Shrimp farms in Andhra district raking in Rs 10,000 cr a year through exports
Business

Shrimp farms in Andhra district raking in Rs 10,000 cr a year through exports

New Delhi, Dec 25: Shrimp farms in Andhra Pradesh’s Srikakulam district are using modern methods to produce about 40,000 tonnes of shrimp annually for exports, which fetch them around Rs 10,000 crore, according to the Ministry of Fisheries, Animal Husbandry and Dairying. All the farms are located...
Adani Green Energy Ltd completes PPA with SECI for 8000-MW solar power
Business

Adani Green Energy Ltd completes PPA with SECI for 8000-MW solar power

Mumbai, Dec 25: The Adani Green Energy Ltd (AGEL) has executed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) 1,799-MW solar power for a period of 25 years, an official said on Monday. With this, the AGEL has completed the power offtake tie-up for the entire...
Apple
Business

Apple's Smart Watch Series 9 & Ultra 2 to go off shelves unless Biden intervenes

New York, Dec 25: Apple's latest series of smart watches in Series 9 and Series Ultra 2 watches may have to go off the shelves of retailers and Apple stores unless US President Joe Biden intervenes to overturn the US International Trade Commission ruling that bans their sale. December 25 --...
Global chip market to recover in 2024 with 20% annual growth
Business

Global chip market to recover in 2024 with 20% annual growth

New Delhi, Dec 23: The global semiconductor sales market will recover in 2024 with an annual growth rate of 20 per cent, according to a new report. With the global demand for artificial intelligence (AI) and high-performance computing (HPC) exploding, coupled with the stabilising demand for...
Climate change casts a shadow on agriculture; growth rate dips to worryingly low
Business

Climate change casts a shadow on agriculture; growth rate dips to worryingly low

New Delhi, Dec 24: Climate change has emerged as a formidable challenge to sustainable agriculture as an erratic monsoon this year hit India’s farm output triggering a rise in food inflation which forced the government to take mitigation measures such as clamping down on exports. As kharif...
GM stops selling Chevy Blazer EV after ‘software quality issues’
Business

GM stops selling Chevy Blazer EV after ‘software quality issues’

San Francisco, Dec 24: Leading automaker GM has paused sales of its new Chevy Blazer EV after reports of software issues, and is working on to roll out a fix. The company said, “It is aware that a limited number of Blazer EV owners have experienced some software quality issues." “To ensure our...
Exports of eco-friendly cars jump 33% to record high in S.Korea
Business

Exports of eco-friendly cars jump 33% to record high in S.Korea

Seoul, Dec 24: South Korea's exports of eco-friendly vehicles surged 32.5 percent on-year to a record high during the first 11 months of this year on solid global demand for electric vehicles (EVs), data showed on Sunday. The export volume of eco-friendly automobiles came to 662,307 units during...
Liquor consumption hits new high in Gurugram: Excise officials
Business

Liquor consumption hits new high in Gurugram: Excise officials

Gurugram, Dec 24: Sales of liquor have seen a major spike in Gurugram's east and west zones with the district recording consumption of Rs 1,518 crore over the past six months, officials said. People in the district are gulping down liquor and beer worth Rs 300 crore every month, reveals the...
Hyundai Motor Group startup to showcase AI mobility software at CES
Business

Hyundai Motor Group startup to showcase AI mobility software at CES

Seoul, Dec 23: 42dot, Hyundai Motor Group's global software research startup, plans to showcase its vision of software-defined vehicles (SDV) and related technologies at next month's CES 2024, the company said. 42dot said it plans to unveil its advanced SDV technology focusing on data and...
Ola Electric files DRHP with SEBI, aims to raise Rs 5,500 cr via IPO: Report
Business

Ola Electric files DRHP with SEBI, aims to raise Rs 5,500 cr via IPO: Report

New Delhi, Dec 22: Homegrown electric two-wheeler manufacturer Ola Electric has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI), a media report said on Friday. According to Moneycontrol, citing sources, the fresh issue...
Govt extends Customs duty exemption on masoor dal till March 2025
Business

Govt extends Customs duty exemption on masoor dal till March 2025

New Delhi, Dec 22: The government on Friday extended the Customs duty exemption on masoor dal by a year to March 2025 in order to keep food inflation in check. This exemption, effective since October 2021, will now last until March 31, 2025, as opposed to the earlier notification of March 31,...
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