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2 Min Read The government has recently directed the e-commerce sites to remove all drinks and beverages from the ‘Health Drink’ section, stating that there is no such thing as ‘health drink’ defined under the country’s food and safety standards laws. While this will not impact the manufacturers much they might have to work on their packaging again without misleading consumers.
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2 Min Read The government has recently directed the e-commerce sites to remove all drinks and beverages from the ‘Health Drink’ section, stating that there is no such thing as ‘health drink’ defined under the country’s food and safety standard laws. While this will not impact the manufacturers much if they have used such terms for advertising they have to work on their packaging again without misleading consumers.
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2 Min Read Recently Lancet has criticised India’s health data transparency to which government officials have responded stating that India has a robust system of documenting births and deaths under the Registration of Births and Death Act 1969 through the Civil Registration System. They also said that more than 90% of births and deaths were registered online on the state or national portals.
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The Indian passenger vehicle segment record sale of over 42 lakhs in FY2024. This figure has increased 8.22% over FY2023(3.89 million units). UVs, which comprise of SUVs and MPVs, continue to be the highest contributor this year too. SUVs accounted for 51% of the overall PV wholesales in FY23. Maruti leads in sale of passenger vehicle with over 17 lakh, Hyundai and Tata are second and third, respectively.
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As per reports by Business Line Tesla is engaged in discussions with Reliance Industries Limited (RIL) for a potential joint venture to set up a electric vehicle manufacturing facility in India. According to an insider familiar with the matter, these talks have been in progress for over a month. However, the source emphasised that this should not be concluded as RIL's entry into the automobile sector. Rather, RIL aims to bolster electric vehicle capabilities in India through this partnership.
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Tesla will send a team from the United States to India by late April to scout sites for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday. The company reportedly plans to enter India at a time when EV demand is slowing in its main markets of the U.S. and China while competition there is heating up. The EV maker will focus on Indian states that have automotive hubs.
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Royal Enfield’s electric bike to target premium buyers as it plans to extend its premium positioning to the electric segment too. Royal Enfield gets ready to launch its maiden electric motorcycle in 2025. However, unlike its present lineup targeting a limited addressable market, the company will not restrict itself to a few segments but will have a wider offering of EVs.
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2 Min Read Ola Electric has drastically reduced prices of S1X scooter. The S1X series now comes with three battery configurations – 2kWh, 3kWh, and 4kWh with price at Rs 69,999, Rs 84,999 and Rs 99,999 respectively. As per reports by TOI the company says the deliveries for the S1X models will begin across the nation starting from next week. Ola Electric also has updated pricing of other models.
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2 Min Read India witnessed record-high electric two-wheeler sales in March 2024 and the full financial year saw sales touch nearly 9,42,088 units up around 30% YoY. The surge in electric vehicle (EV) two-wheeler sales is mainly on account of customers pre-buying coupled with year-end discounts. Industry observers and auto experts say that the registration numbers indicate 'market stabilisation' despite the FAME II subsidy coming to an end by March 2024.
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The Dubai-based IndiaLand, a local division of the Americorp Group is about to invest Rs 1500 crore in the the Indian real estate market in the next three years to increase its asset value to Rs 7000 crore from the current Rs 3000 crore in the next five years. IndiaLand plans to extend office spaces and industrial estate properties across Chennai, Pune and Coimbatore. Plans are also underway to acquire land in Bengaluru to develop Grade A standalone office spaces.
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2 Min Read Fuelled by urbanization, middle-class expansion, infrastructure development, significant foreign investments, and unwavering government support, experts think that the Indian real estate market might reach an all-time high. A recent report by Knight-Frank India-CII forecasts that by 2034, India’s real estate sector is expected to expand to $1.5 trillion, with the residential market-leading at a value of $906 billion, followed by the office sector at $125 billion.
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2 Min Read Despite a boom in development in the real estate sector, India’s housing rental market is still growing at an exponential rate. Many factors contribute to this growth - 15–20% climb in property prices post-pandemic, escalating home loan rates, the supply and demand imbalance in buyers and available housing units and more. The rise in rents, especially near central business districts is expected to soar higher.
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2 Min Read Bark introduces Bark Air, a luxury flying service for dogs and their owners, operating between New York City, Los Angeles, and London. Dogs enjoy plush accommodations with toys, blankets, and 'doggie champagne,' while humans relax in private jets. Flights start at $6,000 one-way, promising a pampered journey for canine companions.
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2 Min Read ITA Airways inaugurates new service connecting Chicago and Rome, with plans to increase frequency in June. The 9-hour flight operates six times a week initially, offering three cabin classes. With Chicago as a hub for United Airlines and Rome's popularity, the route aims to bolster ITA's North American presence and attract travelers.
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2 Min Read Thailand's Prime Minister Srettha Thavisin is spearheading an initiative for a joint-visa program with neighboring countries, aiming to streamline travel among the six nations. The proposed Schengen-type visa aims to bolster tourism revenue and position Thailand as a hub for long-haul travelers, amidst economic challenges like sluggish exports.
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2 Min Read The eXotic Visit Android malware campaign, tracked by Slovak cybersecurity firm ESET, targets users in South Asia, particularly in India and Pakistan. The campaign, ongoing since November 2021, utilizes fake messaging apps and other services to distribute the Android XploitSPY RAT, aiming for espionage purposes.
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2 Min Read Google DeepMind scientists employ deep reinforcement learning to train miniature humanoid robots in soccer skills, enabling them to kick, defend, and recover swiftly. These AI-driven robots demonstrated faster times and basic game understanding, bridging the simulation-to-reality gap. The research aims to advance general robot training for broader applications beyond scripted scenarios.
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2 Min Read New US legislation proposed by Representative Adam Schiff requires AI companies to disclose copyrighted material used to train generative AI models or face a minimum fine of $5000. The Generative AI Copyright Disclosure Act aims to enhance transparency in AI development and protect creators' rights.
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