CAR SERVICE
Car near Taj Palace Hotel in Delhi catches fire; video of incident emerges
Delhi has experienced an increase in fire incidents, with a recent car fire near Taj Palace Hotel. The number of fire-related calls decreased by almost 50% after the onset of the monsoon. Tragic events, such as the hospital fire in Vivek Vihar, highlight the importance of fire safety.
Tesla cars for first time on Chinese government purchase list
Tesla's Model Y has been included in a list of electric and plug-in hybrid models that local governments in China can purchase as service cars. This is the first time Tesla's cars have been eligible for government purchases in China. The Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party, government, and public organizations.
Economy on strong wicket after fiscal first quarter
India's economy showed strong first-quarter performance with surging manufacturing activity, robust GST collections, and record-high Sensex, alongside a rise in passenger car sales and new export orders from overseas markets, as highlighted by industry experts and economic indicators.
21-year-old Keralite splurges Rs 10 lakh on new car! Meet IAS aspirant who also runs a thriving coaching business
His YouTube channel, IAS Hub Malayalam, has attracted 2.1K subscribers. His audience comprises clerks, college teachers, IT professionals, chemical engineers, homemakers, and fellow college students. Chako was the only teacher aware of his side venture.
Chaos at Delhi Airport: Terminal 1 roof collapse leaves cars buried, 1 dead and flights suspended
IndiGo has canceled all flights to/from Terminal 1 due to the partial closure of Delhi Airport caused by heavy rains. Delhi and NCR (National Capital Region) received incessant rainfall accompanied by thunderstorms and lightning beginning in the early hours of Friday.
Why is Singapore the world’s most expensive city?
A report by a Swiss bank has noted that Singapore is the world’s most expensive city. Hong Kong, London, Shanghai and Monaco are some of the other cities in the ranking.
InsurTech firm ACKO drives into car repair and service space
ACKO, the Bengaluru-based insurtech firm, is expanding into car servicing and repair with its ACKO Drive Service Centres, targeting cars out of warranty. Initially launched in Bengaluru, plans include centres in Delhi, Mumbai, Pune, Hyderabad, Ahmedabad, and Chennai. Aiming to reach 100 centres in three years, ACKO seeks to capitalize on the growing $25 billion car service market.
Waymo robotaxi service opens to all in San Francisco
The Google-owned Waymo robotaxi service on Tuesday became available to anyone in San Francisco interested in hailing a driverless ride. Waymo One ride-hailing is now available in San Francisco, Los Angeles, and Phoenix, with plans to "ramp up" in Austin next.
BIS introduces new safety standards for EVs in India
Bureau of Indian Standards (BIS) introduces safety guidelines for electric vehicles in India, focusing on powertrain components. New rules, IS 18590: 2024 and IS 18606: 2024, aim to enhance safety in L, M, and N vehicle categories.
What Is zero depreciation in car insurance?
Car owners are advised to drive responsibly to save on insurance premiums and claim settlements. The concept of zero depreciation insurance ensures full invoice value payment during claims. This add-on is beneficial for new, luxury, or frequently-driven cars, and those in high-risk areas.
China is testing more driverless cars than any other country
Across China, 16 or more cities have allowed companies to test driverless vehicles on public roads, and at least 19 Chinese automakers and their suppliers are competing to establish global leadership in the field. No other country is moving as aggressively.
Best car sunshades: Top picks for maximum UV protection and comfort
Discover the best car sunshades for unparalleled UV protection and comfort. This selection highlights the EcoNour Car Windshield Sunshade for its reflective properties, the Enovoe Car Window Shade for its dual-layer design, and the Kinder Fluff Car Sunshade for maximum coverage. These sunshades effectively cool your car's interior, protect the upholstery from sun damage, and enhance overall driving comfort, making them essential for any vehicle.
Risk weighting slows unsecured loan growth
The growth of unsecured credit in India, including personal loans and credit card outstanding, slowed to 18% in April from 23% in November 2023. The Reserve Bank of India's risk weighting on such exposures aims to reduce delinquencies in the banking system.
SBI changes gears, links car dealer commissions to their performance
State Bank of India (SBI), the country's largest lender, is set to link the commission it pays to car dealers for sourcing loans to sales, aiming to reduce costs and improve profitability. The revised payout structure will be applicable for all sourcing from June 1. Under the existing structure, dealers would earn a flat 2% commission for loan disbursals ranging from ₹50 lakh to ₹15 crore.
17 cars gutted in east Delhi, 5 shops damaged in Chandni Chowk blaze
Fire at civic authority-run parking lot in east Delhi's Madhu Vihar area damages 17 cars, including an SUV. No injuries reported, controlled by Delhi Fire Service in 4 hours.
Mygate enters insurance distribution business, partners with Acko
Mygate app, in partnership with Acko General Insurance, received an aggregator licence from IRDAI to distribute insurance policies, offering exclusive pricing and expanding product range.
India on mission to become world's leading producer of critical minerals: Hindustan Zinc Chairperson
India aims to lead in sustainable critical mineral production, per Hindustan Zinc's Chairperson Priya Agarwal Hebbar. These minerals, including cobalt, copper, lithium, nickel, and rare earths, are crucial for clean energy technologies such as wind turbines and electric cars.
Global car giants seek tech allies in China's cutthroat EV market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand. One major reason why foreign automakers are seeking partnerships with local tech firms is to benefit from their innovation, which Chinese automaking executives have attributed to the cutthroat competition in the industry.
Finelistings Technologies IPO opens today: Check issue size, price band, GMP and other details
Finelistings Technologies IPO: Finelistings Technologies opens SME IPO to raise Rs 13.5 crore. 11 lakh shares at Rs 123 each. Lead manager: Fedex Securities. Registrar: Skyline Financial Services. Retail investors get 50% reservation. Shares may list on May 14.
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