IFC to invest Rs 600 cr in Mahindra & Mahindra's new last-mile EV firm

New Delhi (IANS) Global development institution IFC will invest Rs 600 crore in a new last-mile mobility (LMM) company, a wholly-owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo), it announced on Wednesday.

IFC's…

India's neckband market declines 9% in 2022, boAt leads

New Delhi (IANS) Indias neckband market shipments declined 9 per cent (on-year) in 2022 primarily due to seasonality and rising competition between hearable types, a report said on Wednesday.

Homegrown boAt led the market with a 27 per cent…

Accenture to acquire Bengaluru-based industrial AI firm Flutura

New Delhi (IANS) Global professional services company Accenture on Tuesday said it is acquiring industrial artificial intelligence (AI) company Flutura for an undisclosed sum.

Bengaluru-headquartered Flutura will strengthen Accenture's…

Number of air-passengers benefitting from RCS-UDAN falls in 2022-23

New Delhi (IANS) Number of air-passengers benefitting from the government's Regional Connectivity Scheme (RCS) has come down in 2022-23.

A Parliamentary standing Committee took note of the dwindling numbers and has sought an explanation…

Airlines misguiding people, forcing passengers to pay more, says Parl Panel

New Delhi (IANS) A Parliamentary Standing Committee has taken note of the high air fares charged by some airline operators in the domestic sector, and held that they are misguiding the public and forcing passengers to pay more.

The Committee…

India's smart home security camera market grows 44%

New Delhi (IANS) India's smart home security camera market shipments experienced 44 per cent (on-year) growth in 2022, a report has said.

Xiaomi led the market in 2022 with a 33 per cent share. Tapo registered 88 per cent growth and maintained…

Stock markets across Asia fall as global banking fears widen

Hong Kong (IANS) Stock markets across Asia fell on Thursday as troubles at international banking giant Credit Suisse intensified fears of a wider bank crisis.

Major indexes in Japan, Hong Kong and Australia fell by over 1 per cent amid heavier…

CCI okays acquisition of METRO Cash, Carry by Reliance Retail Ventures

New Delhi (IANS) The Competition Commission of India (CCI) has approved the acquisition of METRO Cash and Carry India Private Limited by Reliance Retail Ventures Limited.

The proposed combination involves acquisition of 100 per cent of the…

Two US bank failures not to impact banks in India, APAC: Moody's

Chennai (IANS) The successive failure of two private banks in the US -- Signature Bank and Silicon Valley Bank -- though would result in tightening of liquidity in the global debt markets, the impact will be limited for most of the rated finance institutions…

Retail inflation sees marginal fall to 6.44% in February 2023

New Delhi (IANS) Retail inflation for February 2023 fell marginally to 6.44 per cent compared to 6.52 per cent in January 2023 as commodity prices witnessed a slight slide.

Food inflation also slid to 5.95 per cent in February 2023 compared…