ADB cuts India growth forecast to 10%, sees faster inflation at 5.5%

[ad_1] The ADB said a deficient monsoon could augur further inflationary pressure. The Asian Development Bank has cut its forecast for India’s GDP growth in 2021-22 to 10%, from 11% projected earlier, with downside risks dominating the economic outlook. The...

ARAI develops charger for Electric Vehicles

[ad_1] To promote EVs, infrastructure for charging is important and since the mobility chargers are imported, the focus is to develop these indigenously, which will be cost-effective and boost the local economy: ARAI Director The Automotive Research Association of India...

SpiceJet gets investors’ nod to transfer cargo unit to arm

[ad_1] SpiceJet said it has received shareholders’ approval to transfer its cargo and logistics services business to its subsidiary, SpiceXpress and Logistics Private Ltd., on a slump-sale basis, for ₹2,555.77 crore. “The consideration for the slump sale shall be discharged...

DoT issues order to enable people to get mobile SIM at doorsteps by using Aadhaar, Digilocker docs

[ad_1] The process of online application will be limited to only one mobile connection per day issued to an individual or outstation customer. PTI Department of Telecommunications (DoT) on Tuesday issued an order that enables customers to apply for a...

Stem cell bank LifeCell raises ₹225 crore

[ad_1] The additional funds would enable LifeCell to make a foray into adjacent new categories such as fertility health and cell-based therapeutics. Stem cell bank and reproductive genetic testing service provider LifeCell International Pvt. Ltd. said that OrbiMed Asia Partners...

Yamaha introduces Aerox 155 Maxi Sports Scooter

[ad_1] The products would be available across the company’s dealerships by the end of September India Yamaha Motor (IYM) Pvt Ltd. on Tuesday unveiled Maxi Sports Scooter – Aerox 155 and a new version of 155cc super sport motorcycle YZF-R15....

Biz2Credit to hire over 150 staff

[ad_1] Biz2Credit, an online marketplace for small business funding, has announced plans to hire over 150 employees to strengthen its technology team. The hiring will be across various positions, including entry, mid and senior-level positions, the firm said.Currently, it has...

98% Amazon sellers believe tech adoption gives them better customer reach: Nielsen study

[ad_1] Some 86% of sellers who participated in a survey expect an increase in sales this year: over 50% of them are hopeful of a 25% growth compared to last year while one in four sellers anticipate doubling their business...

Tata Motors to raise commercial vehicle prices by 2%

[ad_1] It would continue its efforts to deliver the lowest total cost of ownership for its customers and fleet owners. Tata Motors Ltd. said it will raise the prices of its commercial vehicle range by about 2% with effect from...

BSE adds 1 crore investor accounts in just 107 days to cross 8 crore mark

[ad_1] The BSE did not specify how many of these investor accounts are active or only for mutual fund investments, as the vast majority of trading volume is on rival bourse NSE. Premier bourse BSE has added 1 crore registered...
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