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Another Pure EV e-scooter catches fire, this time in Gujarat

Another Pure EV e-scooter catches fire, this time in Gujarat

17-06-2022 comments

New Delhi (IANS) As the electric vehicle (EV) industry awaits new government quality-centric guidelines, another e-scooter belonging to Pure EV went into flames in Gujarat.

The fire incident occurred at a house in Suvidhinath Society in Patan…

India has $85 bn opportunity in $500 bn global chip supply chain market

India has $85 bn opportunity in $500 bn global chip supply chain market

17-06-2022 comments

New Delhi (IANS) India has a $85 billion opportunity in the global $500 billion semiconductor manufacturing supply chain market comprising materials (gases, chemicals, minerals, equipment and services), a new report showed on Friday.

The Indian…

Equity indices settle sharply low, Sensex down over 1K points

Equity indices settle sharply low, Sensex down over 1K points

16-06-2022 comments

New Delhi (IANS) Domestic equity benchmark indices declined as the day progressed and settled sharply lower on Thursday as investors evidently feared a looming recession.

"The market is fearing that inflation is not going to come under control…

Shiprocket acquires e-commerce platform Pickrr for Rs 1,560 cr

Shiprocket acquires e-commerce platform Pickrr for Rs 1,560 cr

15-06-2022 comments

New Delhi (IANS) Logistics technology platform Shiprocket on Wednesday announced it has acquired a majority stake in Pickrr, an ecommerce software-as-a-service (SaaS) platform for D2C brands and SME e-tailers for around $200 million (nearly Rs 1,560…

Cabinet approves auction of 5G Spectrum

Cabinet approves auction of 5G Spectrum

15-06-2022 comments

New Delhi (IANS) The Union Cabinet on Wednesday approved the Telecom department's proposal to conduct a spectrum auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises.

NFTs, crypto are '100?sed on greater fool theory': Bill Gates

NFTs, crypto are '100?sed on greater fool theory': Bill Gates

15-06-2022 comments

San Francisco (IANS) Tech billionaire Bill Gates has said that he holds no position in cryptocurrencies or non-fungible tokens (NFTs), as they are "100 per cent based on greater fool theory".

The theory is a financial concept that even overpriced…

Adani and Total Energies to create world's largest green hydrogen ecosystem

Adani and Total Energies to create world's largest green hydrogen ecosystem

14-06-2022 comments

Ahmedabad (IANS) Adani, India's fastest-growing diversified business portfolio, and energy supermajor Total Energies of France, have entered into a new partnership to jointly create the worlds largest green hydrogen ecosystem. In this strategic…

India: A bright spot in the global economic arena

India: A bright spot in the global economic arena

14-06-2022 comments

New Delhi (IANS) The World Economic Forum's Annual Meeting took place during May 22-26 at Davos, Switzerland. The WEF meet was attended by about 3,000 participants from across the world including 109 from India. In an interview on the sidelines…

Indices tumble in opening session as high inflation in US trigger selloff

Indices tumble in opening session as high inflation in US trigger selloff

13-06-2022 comments

New Delhi (IANS) Domestic equity indices extended their losses from the previous week and tumbled even sharply on Monday as high inflation in the US triggered possibilities of even more aggressive policy tightening by the Federal Reserve.

With…

Government IT spending in India to reach $9.5 bn this year

Government IT spending in India to reach $9.5 bn this year

13-06-2022 comments

New Delhi (IANS) The government IT spending in India is likely to reach $9.5 billion in 2022, an increase of 12.1 per cent from last year, a new report said on Monday.

Software will continue to be the highest growing segment in India this year,…

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