Page 87 - Peerzada Abrar

EV industry may create 50 mn indirect jobs by 2030: IVCA-EY-Induslaw report

The industry attracted $6 billion in investments in 2021; this is expected to grow to $20 billion by 2030

Cost for data breaches averaged Rs 17.6 cr in 2022, highest ever: IBM study

Industrial companies paid most for cyberattacks as 'threat magnitude' grows

Transport union protests Dunzo 'warning to riders' about supporting strikes

A Dunzo spokesperson said that the company is looking into the matter

Mergers & acquisitions on rise as startups diversify into newer spaces

The second half of 2022 will see further consolidation as established start-ups look for M&A opportunities at attractive valuation to increase market share

Women kirana partners lead deliveries for Flipkart in India's remote areas

The programme enables the kirana partners to make limited time-based deliveries contingent on their comfort and availability and has enabled large-scale participation from women

Porter completes divestment of Modern Trade business to COGOS Technologies

This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions

E-comm retail logistics market projected at $6.3 bn by FY26: Report

The growth will be primarily driven by the e-commerce retail market - expected to reach approximately $145 billion by FY26, with about 15 million daily shipments.

Mobility fintech firm Moove, Uber partner to provide financing to drivers

Moove provides vehicle financing to mobility entrepreneurs to help them buy brand new cars using a percentage of their weekly revenue

Facebook co-founder's VC firm eyes digital health tech and fintech

It is also looking to invest in logistics and supply chain, helping industries to scale up digitisation

Delhi HC restrains unauthorised use of Meesho trademarks by rogue websites

DoT and MeitY to issue blocking order for domain names identified by Meesho in suit

Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on

Flipkart will restructure Sikaria's portfolio into two units--New Businesses and M3--for focus and to scale up, said Kalyan Krishnamurthy, Flipkart's chief executive officer

Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report

In the India e-tailing GMV Index, there is a monthly growth comparison. In 2022, this was 60 per cent higher in April than April 2021

NCLT admits Bank of India's insolvency petition against Future Retail

IRP appointed; corporate insolvency resolution process to start against the retailer

Simple-to-use tech platform helps Meesho penetrate India's hinterlands

Meesho said sellers & buyers from tier 2-3 cities and rural India are finding value in the platform's ease of operations and technologies customised as per their unique needs

Facebook co-founder Eduardo Saverin's B Capital closes $250 mn fund

Ascent Fund II is B Capital's first dedicated early-stage fund. It invests in pre-seed through series A rounds globally, with an emphasis on the US and Asia, including India

Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unit

'Unique and cutting-edge' state-of-the-art battery innovation centre in Bengaluru to be world's largest

Uber adds safety net: Riders can now share live location updates with cops

Riders or drivers will be able to share their live location along with their name and contact details at the swipe of a button on the Uber app with the police

Ola CEO Bhavish Aggarwal dwells on plans to build electric sports car

Ola Electric aims to become a vertically integrated e-mobility player across two-wheelers and passenger cars; sees a $1 trillion opportunity at a volume of 155 million units

Ronnie Screwvala-led upGrad eyeing M&As in US and Southeast Asia

The international business is so critical that the firm's other co-founder Phalgun Kompalli, has shifted to the US to lead businesses within the brand there

BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr

BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities