India’s Ola plans to produce kick scooters, e-bikes, drones and even flying cars under its future mobility scheme to help meet the country’s transport needs, the company’s founder Bhavish Agarwal said in a blogpost on Thursday. Ola, backed by Japan’s Softbank Group, is building what it calls a “New Mobility” ecosystem which will include mobility…
General Motors Co announced on Thursday that it will make an investment of $300 million in the Chinese self-driving startup Momenta for developing self-driving technology for the American company’s future models in China, marking the company’s first such partnership in the world’s largest vehicle market. Momenta is one of the few firms in China with…
According to AirBnb’s boss, the Covid-19 pandemic has changed forever the manner of travelling by people. Brian Chesky said that the lines between leisure and business travel are becoming blurred due to remote working. He said that with people seeking more “human connection”, travellers are opting to spend longer time with friends and family. Chesky…
Johnson & Johnson announced on Tuesday that a second dose of its Covid-19 vaccine enhanced the effectiveness of its first shot to 94 per cent against moderate to severe forms of the disease in the United States if it is administered approximately two months after its first shot. In comparison, its single dose provided a…
The Emmy award for best comedy given to “Ted Lasso” on Sunday wa san opportunity for Apple Inc. to showcase its streaming TV credentials. At the same event, a best drama win for “The Crown” landed Netflix Inc its biggest television award till date. The pioneer of video streaming of films and TV shows, Netflix…
The result of bitcoin mining is electronic waste (e-waste) and its annual quantity is the same as the tiny IT equipment waste generated from an area just like the Netherlands, research shows. According to estimates of Alex de Vries and Christian Stoll, miners of the cryptocurrency annually generate about 30,700 tonnes of e-waste. That averages…
The UK business of the US struggling fashion giant Gap has been leased a new lease of life with a joint venture formation with UK retailer Next, according to which Gap’s UK website will be managed by Next while also placing concessions in some stores. Under the JV, some of Gap’s physical presence on the…
Last week. Ford became the latest foreign car maker to leave the Indian market following a disappointing period for it in terms of gaining market share in the country. But the company was apparently full of expectance when it had entered the market and built its first factory in India in the mid-1990s. Indian auto…
The supply crunch of semiconductor chips for vehicles at Daimler AG’s truck business, the largest in the world, has become acute further in recent weeks, said the division’s chief executive was quoted as saying in a report published in Frankfurter Allgemeine Sonntagszeitung. “Since the summer months the situation has intensified again,” Martin Daum told the…
New bankers are to hired by Standard Chartered as the lender focuses on sustainable finance, project finance and capital markets in Saudi Arabia which, according to the bank, will turn out to become a “front-runner” for its regional business in coming years. According to a senior executive of the bank, banking services through its branch…
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