NEW PRODUCT LAUNCHES FARING
Cello World shares jump 4% to new high on QIP launch
Cello World's shares surged 4% to a new high of Rs 1,024 on BSE following the launch of a qualified institutional placement to raise funds. The company plans to utilize the funds for debt repayment and potential expansion in the glassware segment or acquisitions.
Volvo to launch only EVs in India, plans one new car every year
Swedish luxury carmaker Volvo Cars plans to exclusively launch electric vehicles in India after 2030. Volvo aims to introduce one new electric vehicle annually, starting with the EC30 in 2025. The market for electric cars in India, though currently small, is growing rapidly. Volvo holds a significant share in the luxury EV segment in India and sees potential for further growth in the country's luxury vehicle market.
Skoda Auto CEO's strategy for Indian market: Humility, learning, customer focus and a new partner
Skoda Auto's CEO Klaus Zellmer highlights India's pivotal role in the company's global strategy, noting it as the most attractive and competitive auto market. With a robust development base in Pune, Skoda plans to leverage India's potential for expansion into ASEAN and the Middle East.
Flipkart launches beta version of its new fintech venture, Super.Money
Ecommerce major Flipkart launched a beta version of their financial app, Super .Money, on the Google Play Store. This app aims to be a one-stop shop for digital financial needs, offering features like payments, credit, and deposits.
NSE Indices launches Nifty Top 10 Equal Weight Index. Check constituents, weights
NSE’s index services subsidiary NSE Indices has launched 'Nifty Top 10 Equal Weight' index, which aims to track the performance of top 10 companies selected from the Nifty 50 based on free-float market capitalisation. All stocks in the index are equally weighted, an NSE release of Monday, said.
Former OpenAI cofounder launches new AI company
Ilya Sutskever, cofounder of OpenAI, launched Safe Superintelligence Inc (SSI) shortly after leaving OpenAI, joined by Jan Leike who now leads at Anthropic. Sutskever emphasised SSI's singular focus on advancing AI capabilities while prioritizing safety, aiming for rapid and secure scaling.
- Go To Page 1
Round 10 of commercial coal block auctions launched, 67 mines on offer
Union Coal and Mines Minister G Kishan Reddy launched the 10th round of commercial coal mine auctions, including 67 mines, to enhance domestic production and energy security. With a focus on reducing imports and increasing production, he highlighted coal's significance, aiming for one billion tons production by 2024-25.
Mirae Asset Mutual Fund launches Mirae Asset Nifty EV and New Age Automotive ETF
Mirae Asset Mutual Fund launches India’s first ETF focusing on Electric Vehicles (EV) and New Age Automotive, offering long-term capital growth by investing in leading companies in the dynamic automotive sector.
Best Agrolife to launch new insecticide for resistant pests in July
Best Agrolife Ltd has obtained regulatory approval for its new patented insecticide formulation named Nemagen, designed to combat resistant pests causing significant crop damage. The company plans to launch Nemagen in July. According to Best Agrolife, lepidopteran pests such as borers have become resistant to existing insecticides, leading to substantial crop losses ranging from 30% to 50%.
Mudrex launches commission-free product ‘Earn’ for 50 cryptocurrencies
Mudrex launches 'Earn' for passive income on 50 coins, aiming for steady returns without fees. Edul Patel, CEO & co-founder of Mudrex, said the Earn product is already gaining traction, attracting over 5,000 users.
Apple launches AI products: Markets yawn, Elon Musk outraged
After months of mystery over Apple’s AI strategy, it took a step taken by nearly every other tech company: integrate some OpenAI models into its products for features like text generation. Let's take a look at highlights from the event and what followed.
New-age stocks recover post poll results; Ixigo IPO launch
A day after election results, shares of new-age companies like Zomato and Delhivery made a sharp recovery on the bourses. A look at the numbers and more in today’s ETtech Top 5.
AMD launches new AI chips to take on leader Nvidia
Advanced Micro Devices unveiled the MI325X accelerator at Computex, aiming to challenge Nvidia with new AI chips by 2026.
VC funds take a shine to new gen’s D2C brands
Direct-to-customer (D2C) startups founded by scions of traditional business families are raking in venture funding across sectors like food, apparel, and wellness. Investors see these entrepreneurs' deep understanding of the business and connections in the supply chain ecosystems as a recipe for modernising legacy businesses.
Jio Financial Services launches app to take on its fintech rivals
Jio Finance will offer UPI payments, bill payments, insurance advisory and digital banking. Eventually Jio Financial Services will offer credit products like loans against mutual funds, home loans and others to its customers through the app.
PhonePe launches secured loans in partnership with a bunch of NBFCs
PhonePe, a Bengaluru based fintech major, has launched secured loan products in partnership with non-banking finance companies like Tata Capital and L&T Finance. The Walmart owned company is offering six credit products to its customers.
Realme GT 6T 5G - Grab this newly launched TOP PERFORMER starting Rs.26,999
Introducing the Realme GT 6T 5G, the latest addition to Realme's innovative lineup. Priced from Rs. 26,999, this smartphone offers top-tier performance with advanced features and a sleek design. Perfect for tech enthusiasts and everyday users alike, the Realme GT 6T 5G ensures a seamless experience with its powerful processor, stunning display, and long-lasting battery life. Don’t miss out on this exceptional device, now available at an unbeatable price.
Lectrix EV to invest INR 100 crore in FY25; plans multiple launches to strengthen EV market position
The company is planning to launch its new 2W model pre-Diwali and one post-Diwali. Pritesh Talwar, President - EV Business at Lectrix EV is optimistic about creating its name in the 2W market as he believes there is enough space to sustain and create a brand image for multiple companies.
Samsung launches made-in-India Galaxy F55 5G smartphone
Samsung launches the Galaxy F55 5G smartphone in India, targeting the Rs 20,000-30,000 segment with premium features and a focus on product differentiation and 5G adoption.
Dr Reddy's, Cipla, Sun Pharma & others to see FY25 revenue boost in key US market, says India Ratings and Research
Indian drugmakers, such as Dr Reddy's, Cipla, and Sun Pharma, are projected to maintain revenue growth in fiscal 2025, driven by drug shortages in the U.S. market. With 233 drugs in short supply, Indian companies are poised to benefit from the challenges faced by U.S.-based generic pharma manufacturers, leading to improved financial performance and increased market share in therapeutic categories.
Coromandel launches 10 new products to boost crop yields
Coromandel has partnered with Japan's ISK to launch Prachand, a patented product using Japanese technology to protect paddy crops from pests like stem borers and leaf folders that can cause up to 70 per cent yield losses. It has also developed a formulation to effectively combat fall armyworm, a highly destructive pest that damages up to 30 per cent of the corn crop annually in India.
Ashok Leyland to unveil 5-6 new products under LCV segment: MD
Earlier today, Ashok Leyland announced a 16.73 percent rise in consolidated net profit, reaching Rs 933.69 crore in the January-March 2024 quarter, compared to Rs 799.87 crore recorded in the corresponding period of the previous fiscal year.
Alembic Pharma plans to launch 25 drugs in US generics segment this fiscal
The Vadodara-based drug maker, which has been around for over a century, is a late entrant in the US market. It has more than made up for it. It has been on an investment overdrive, spending about ₹700-₹750 crore per annum on R&D to build a complex pipeline of products for the US market.
In 3-5 years, Piramal Pharma can see 22- 25% EBITDA growth margins: Nandini Piramal
Nandini Piramal projects early teens revenue growth for FY25 and 22-25% EBITDA growth margins in 3-5 years. Revenue increase drives margin expansion through cost optimization and operational excellence, with a focus on CDMO and Indian consumer products growth.
iVoomi JeetX ZE electric scooter launched. Priced at Rs 80,000, offers 170 km range
iVoomi launches the JeetX ZE electric scooter with a 170 km range, 57 km/h speed, 3 kWh battery, priced at Rs 80,000. It features a BLDC motor, 5.5 hours full charge time, and 8 color options.
Apple 'Let Loose' event 2024: What new launches to expect? Check where and when to watch livestream
Apple's Let Loose event for 2024 is happening soon, focusing on updates to the iPad Pro and iPad Air. The event, set for May 7, promises new products and innovations, with a spotlight on the new 12.9-inch iPad Air variant. Both models are expected to get upgrades like the M4 chip for improved performance and new accessories like a revamped Apple Pencil and Magic Keyboard.
VST Zetor launches new range of tractors
VST Zetor Private Ltd, in collaboration with HTC Investments, introduced three 41-50 HP tractors, featuring a DI Engine and dual-acting power steering. These tractors aim to meet various farming applications in India.
Renault Nissan to launch four new products, expand product portfolio
Renault Nissan Alliance plans to launch four products, with India playing a crucial role in manufacturing. Senior officials celebrate the 25th anniversary in Chennai, emphasizing significant investments and global shipments from the plant.
Load More
