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Shanghai’s meat trade slumps as COVID-19 lockdown continues to extend
The extended lockdown in Shanghai, China’s financial hub has reportedly slumped the country’s booming meat trade, as well as stringent COVID-19 measures taken by the government of China, is causing logistics logjams across the food industry, and thus widening disruptions in businesses. ... Read More
Baidu, Pony.ai get Beijing’s approval to run robotaxis on open roads
Pony.ai, a self-driving vehicle company, and the Chinese tech giant Baidu Inc. have reportedly secured licenses to provide autonomous ride-hailing services on public roads in Beijing. Several cities in China have already permitted robotaxi vehicle companies to test self-driving cars without a saf... Read More
Warner Bros Discovery reaches 2 Mn subscribers in first quarter of 2022
Warner Bros. Discovery has reported having added 2 million subscribers during the first quarter of 2022 as the mass media company tries to catch up with Netflix who revealed to have lost subscribers for the first time in a decade. Warner Bros. Discovery, formed through a merger between Discovery ... Read More
Hero Electric & EVIFY to deploy 1000 e-scooters in the next 2 years
50 scooters are already in making & will be delivered by the end of May. Hero Electric plans to leverage its resources and support more such partners in the upcoming months. Hero Electric has reportedly partnered with EVIFY Logitech Pvt. Ltd., a tech-based logistics company for EVs, to... Read More
Crude oil import bill in India reaches USD 119 billion in FY 2022
India has reportedly registered a crude oi import bill of USD 119 billion in the financial year 2022 amidst the soaring energy prices during the war in Ukraine. The latest oil import bill is up from USD 62.2 billion from the previous financial year, as per insights from the Petroleum Planning & ... Read More
Self-driving start-up Pony.ai obtains taxi license to operate in China
The company will now be able to operate 100 self-driving vehicles in the Nansha district of Guangzhou city. Pony.ai has also been testing its driverless technology on public highways in California's Milpitas and Fermont. Toyota Motors Corp.-backed Pony.ai has announced to have secured ... Read More
Audio content platform NOICE raises USD 22 million in Series A funding
NOICE, an Indonesian audio content startup, has reportedly raised USD 22 million in Series A funding from Northstar, as well as existing investors Kinesys and Alpha JWC Go-Ventures. The funds will be used to advance technology that aids in the adaptation of stories from local writers into audio f... Read More
Australia’s Square Peg raising fresh funds to expand to Southeast Asia
One of Australia’s largest venture capital firms Square Peg Capital, with around USD 3 billion in assets under management, is reportedly planning to expand its foothold in Southeast Asia. The firm is presently looking to raise USD 550 million in funding, with a large portion of that going towa... Read More
Toyota and Lexus issue a recall for over 4,50,000 vehicles in the U.S.
Toyota Motor Corporation and Lexus have reportedly issued a safety recall for approximately 460,000 vehicles in the U.S. due to a stability control (VSC) system glitch. According to Toyota’s investigation, a software error is causing troubles leading to VSC not switching on by default while st... Read More
Oil prices soar as supply concerns surge with deepened Ukraine crisis
The oil prices in India have reportedly witnessed a record price hike in a short span of 16 days which has dented the demand for fuel in the country thereby reducing its sales in the first half of April. Petrol sales fell by nearly 10% in the initial months of April in comparison to the same peri... Read More