According to Venture Pulse – a quarterly report published by KPMG Private Enterprise, the venture capital investments were robust world over, despite the pandemic-led disruptions during July-September quarter. The VC investments In India, grew to $3.6 billion in July-September from $1.5 billion in the June quarter, supported by mega deals including the...
Motorola bets big on smart home appliances biz; says India can be a big part of global ops
In terms of the Lenovo-owned company's foray into non-handset companies such as smart TVs and smart appliances, Motorola stated that India has the potential to become a major part of its global operations. Via a strategic alliance with Flipkart, Motorola unveiled the world-first line of smart home appliances for Indian...
Indian exports to US, China rise in 2020
A major increase in India's exports to the United States and China, coupled with a decrease in imports from the two countries, was seen this year. According to data from India's Commerce Ministry, India's exports to the USA amounted to $5.1 billion in September 2020, 15.5% more than the figures...
Conde Nast launches technology lab in Bangalore
Conde Nast, a media company headquartered in New York and London announced the launch of a technology lab in Bangalore. The company would hire a new team of 60 people this year and over 300 by 2021-end to design and build the next generation of digital content platforms and experiences...
Passenger vehicle sales in India rose 26% in September
Wholesales of passenger vehicles in India rose by 26.45% to 272,027 units in September as compared to 215,124 units in the same month last year according to Society of Indian Car Manufacturers (SIAM) Two-wheeler sales also rose 11.64% to 1,849,546 units, compared with 1,656,658 units in the same month last year. Compared...
Ola plans to manufacture electric scooters in India
India’s largest taxi-business Ola is planning to projectile their business of vehicle manufacturing while keeping an eye on future prospects of electric vehicles. The company reportedly engaged the government from multiple states with a proposal to set up the world’s largest vehicle manufacturing facility. As per the latest reports, Ola is seeking to have 100...