MG CLOUD EV
BigBasket, 1mg’s plans for capex; win for epharmacies in Madras HC
Tata’s online grocery BigBasket and epharmacy 1mg will largely depend on debt capital to fuel expansion this fiscal. More on this in today’s ETtech Morning Dispatch.
MG Motor to launch its most premium electric car, Cloud EV, later this year : Report
MG Motor is gearing up to launch a new electric car in India later this year, with reports indicating that the MG Cloud EV will make its debut in September. The price range for the vehicle is expected to be below Rs 20 lakh, although some sources suggest it could be closer to Rs 25 lakh. If priced competitively, the Cloud EV will compete against popular models like the Tata Nexon, BYE E6, and the Mahindra XUV400 in the Indian market.
Indian streets gear up for electrifying SUV launches from Tata, Hyundai, Maruti & more
India gears up for a wave of SUV launches, including Tata Motors, Hyundai, Kia, and more, showcasing the industry's move towards sustainable transportation. Maruti Suzuki to unveil its first EV at Auto Expo 2025, and Mercedes-Benz targets a quarter of sales from EVs by 2026.
Macquarie Capital acquires a minority stake in ChargeZone
Macquarie Capital, the investment arm of Australia's Macquarie Group, has acquired a minority stake in ChargeZone, a prominent Indian EV charging company. The investment is expected to empower ChargeZone to accelerate its business strategy and enhance its cloud technology-enabled EV charging network.
ET Soonicorns Summit 2023 Delhi-NCR: Spotlighting future unicorns, tech evolution, startup IPOs, innovation in deeptech & cleantech sectors, and more
With over 35 speakers, including 30 unicorns and soonicorns, across 25 sessions and 10 diverse tracks, the Delhi-NCR edition of ET Soonicorns Summit 2023 paved the way for the next wave of India's innovation economy. The event also featured a report launch and multiple startup showcases, making it a holistic platform for tracking new frontiers of growth in the startup-tech ecosystem.
ET Soonicorns Summit 2023: Unveiling our eminent speakers, a confluence of visionaries, entrepreneurs, and tech Innovators in Delhi-NCR
The ET Soonicorns Summit 2023 promises to be a one-of-its-kind platform for knowledge sharing and networking, offering attendees a unique opportunity to connect with industry leaders, policy makers, and the visionary founders behind tomorrow’s unicorns. With a diverse array of sessions covering a wide range of topics, this summit will provide valuable insights and strategies for success in the dynamic startup ecosystem. Here are the key speakers and sessions to look forward to during the ET Soonicorns Summit 2023, taking place on November 3 in Delhi-NCR.
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Green technology and the future of the automotive industry
The global automotive industry is witnessing a significant shift towards green and sustainable solutions as regulations are being enforced to minimize the environmental impact of car emissions. Statistics indicate a remarkable growth in the sales of electric vehicles, with India showing a promising increase in EV sales.
Mahindra revs up on comeback trail: Factors behind the turnaround
Based on learnings and feedback from past slip-ups, Veejay Ram Nakra, president of automotive business at M&M, says the new range of products had an extra emphasis on performance, design, refinement, sophistication with disruptive innovation and tech at core.
Stocks in the news: Infosys, JSW Steel, Lupin, Adani Transmission and multiplex stocks
The Competition Commission of India rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe.
Retail EV sales jump; Navi to file for IPO this week
According to the latest data from the Federation of Automobiles Dealers Association, retail sales of passenger EVs and two-wheelers saw a huge jump in February from the same period last year.
India-born Parag Agrawal Is Twitter CEO; RBI's crypto moves
In a surprise move, Jack Dorsey said on Monday that he was stepping down from Twitter and handing over the reins of the company he cofounded to India-origin Parag Agrawal.
Few startups corner bulk of funding; RBI rule disrupts auto pay
India's startup ecosystem is in the midst of an unprecedented funding boom, but the top two or three companies in each sector have cornered the lion's share of investments this year.
How Anish Shah has a unique opportunity to steer Mahindra & Mahindra into a post-pandemic world
In an exclusive interview with ET Magazine, Anish Shah says the company started this clean-up and capital allocation journey three years back.
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