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China poses greatest risk to Europe's carmakers LONDON - Chinese-made electric vehicles (EVs) pose the greatest risk to Europe's carmakers and could cost them 7 billion euros ($7.7 billion) a year in lost profits by 2030 unless policymakers take action, according to an report. According to the report released on Tuesda... |
BMW will not provide direct access to in-vehicle data to third parties: CEO BERLIN - BMW will never provide direct access to operating systems inside its car to third parties in order to secure the privacy of its customers, its chief executive Oliver Zipse said at an event by autos supplier Robert Bosch in Berlin. "Sec... |
Yamaha Motors’ lending arm MBSI partners with Alt Mobility to finance E2Ws New Delhi: ’ Bengaluru-based leasing company, (MBSI), has partnered with . IIT Delhi-based Alt Mobility is a technology enabled EV leasing and lifecycle management platform enabling electrification of commercial fleets with simplified leasing so... |
market. We will continue to onboard electric vehicles across multiple cities and generate employment avenues for the youth of India. We plan to work with more mobility companies in the future and to transform the overall shared mobility space in India by bringing our financial and strategic experience from our stakehol... |
Opinion: How to deal with challenges to adoption of E-CVs in India New Delhi: The (E-CVs) market in India is expected to grow in the coming years. According to a report by Research and Markets, the market is projected to grow at a Compound Annual Growth Rate ( ) of 22.57% during 2020-2025. This growth is primarily driv... |
Manufacturers (OEMs) and operators must address to transform this vision into a reality. Challenges to E-CV adoption and mitigation strategies A. High cost of EVs compared to conventional vehicles: The elevated price of electric vehicles (EVs) is primarily attributed to the expensive battery technology and the heavywei... |
It is equipped with regenerative braking and can be fully charged in 4 hours. 2.Mahindra Treo Zor electric three-wheeler: This electric three-wheeler has a payload capacity of 550 kg and can travel up to 125 km on a single charge. It also comes with a fast-charging option that can charge the vehicle in just 2 hours. 3.... |
encouraging more individuals and businesses to consider ECVs as a viable transportation solution. Going forward, India's large population and rapidly growing economy provide a strong foundation for ECV adoption. With the implementation of appropriate policies and strategic investments, India can leverage its strengths ... |
Next-gen Volvo VNR Electric production to begin in Q2, 2022 New Delhi: has announced that production of the enhanced model will begin in Q2, 2022. It features up to 85% increased range for supply chain flexibility, faster charging, and even more configurations for heavy-duty transport. The next-generation Volvo is now ... |
in their electromobility transition by expanding its network of Volvo Trucks Certified Electric Vehicle (EV) Dealerships that consult with fleets who are considering making the investment in the Volvo VNR Electric, it said. Volvo Financial Services offers complete financing and insurance solutions for the Volvo VNR Ele... |
Few midsize cars excel in updated side crash test: IIHS New Delhi: Only three of seven midsize cars tested earn good or acceptable ratings in the ’s updated , announced today. The is the only midsize car to earn a good rating. With somewhat higher levels of occupant compartment intrusion, the Hyundai Sonata and manage ... |
PLI scheme to create jobs, employers expect hiring hike in next 2 years, says TeamLease report New Delhi: A recent report, which analyzes the impact of (PLI) scheme on job creation across sectors, projects that 60% of employers expect hiring to increase due to PLI over the next two years. The highest positive hiring se... |
(60%) industry and the textile industry (66%) are foreseeing up to 10% net incremental growth for female workers. Besides hiring, employers also anticipate that PLI-related benefits will boost employee productivity and contribute to business growth. The is created on the basis of the employer’s reaction toward job crea... |
EV batteries remain major challenge for insurers: Thatcham Research A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday. The British automotive risk intelligence compa... |
Years later, key challenges still haunt Musk's Tesla in India , who has been trying to launch Tesla in India for the past couple of years, is still haunted by the "key challenges" at the governments end that have grounded his electric cars from running on domestic roads. Despite the government luring him with various s... |
is planning to launch India assembled flagship electric sedan, 'EQS' this year. "The hesitation of Tesla in launching locally-manufactured cars may affect it in getting early mover advantage and Mercedes-Benz may get the benefit of this situation," Mandal emphasised. Tesla in 2021 was busy testing Model 3 at several lo... |
Green hydrogen sounds like a win for developing countries. But cost and transport are problems Hydrogen is used mainly to make chemicals such as fertiliser, and in oil refineries. Most hydrogen in the world today is made from - methods associated with large carbon dioxide emissions. Developed countries are therefore lo... |
liquefied petroleum gas or liquefied natural gas. Ocean transport of hydrogen has to be at very low temperatures (-253 C). Petrol or diesel doesn't need costly refrigeration: it is transported at ambient air temperature. And hydrogen carries only 25 per cent of the energy that a litre of petrol does, making it much mor... |
of establishing a new port on the west coast at Boegoebaai for the manufacture and export of green hydrogen. In , Hive Hydrogen is planning a USD 4.6 billion green ammonia plant. Namibia also has big plans for a USD 10 billion green hydrogen project. The key to reducing green hydrogen costs in the future lies mainly in... |
How to get the export logistics process right? A multitude of aspects come into play during the process, including shipping lines, ports at origin and destination, loading services, container stations, freight forwarders, customs brokers and insurance agencies. Steps to follow So, what are the steps that should be take... |
(LEO) and bill of lading, among others. At the discharge stage, there is the bill of entry, delivery order, certificate of analysis and fumigation certificate to confirm that the wooden packaging material is free of pests. Choosing the mode of transportation Next comes knowing the various modes of transportation and wh... |
Government expects positive response to electric vehicle policy from multiple companies The government stated on Saturday that India anticipates a positive response from numerous regarding its (EV) policy, which was unveiled in March with the aim of attracting global players such as Tesla. Rajesh Kumar Singh, the Secre... |
in addition to including some in the licensing list to promote domestic manufacturing. Citing the example of EVs and tyres, he said, "there are other ways to ensure that the kind of goals that we have under the PLI (production linked incentive) scheme for investments can be met even by prudent use of tariff-and non-tar... |
Banks seek govt help to check chip shortage have sought the government's intervention to address the shortage of semiconductor chips that has hit card issuance. They have also suggested an investigation by the (CCI) into the practices of chip suppliers. Banks collectively through the Indian Banks' Association (IBA) rea... |
Automobile sector growth to level off in fiscal 2024 Growth across the automobile sector segments will level off next fiscal as the base effect of last fiscal wanes. But it will still be in line with, or above, India’s real projected GDP growth for next fiscal. Commercial vehicle sales are expected to drive past pre-pa... |
2024 with increasing interest rates restricting further growth. CV domestic sales volumes are expected to rise 31-33% on a low base of fiscal 2022, driven by materialisation of deferred replacement demand, an improvement in transporter profitability attributable to improved freight load supported by healthy economic gr... |
mitigate the pressure of volatile input prices and moderated the impact on operating profitability of OEMs. Domestic demand is expected to moderate for CVs and PVs in fiscal 2024 and yet remain steady. This, coupled with improved profitability due to moderation in commodity prices and prudent funding of capex, will ens... |
India received USD 339.55 billion FDI in last 5 years New Delhi: India has received ( ) inflows worth USD 339.55 billion in the last five years, Union Minister of State for Commerce and Industry said on Wednesday. There has been a continuous increase in the inflow of FDI in recent years. It increased from USD 45.15 bil... |
Swan song for General Electric as it completes demerger New York: The US conglomerate , co-founded more than 130 years ago by , is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses. The group announced its "spin-o... |
be GE Aerospace's intent to hold this in perpetuity," she told AFP. According to , an ancillary business that has become independent can develop further by doing business with companies that are competitors of its former "parent company." Other big names on Wall Street have also chosen in recent years to spin off certa... |
Tesla Cybertruck's stiff structure, sharp design raise safety concerns -experts The angular design of 's has safety experts concerned the electric pickup truck's stiff stainless-steel exoskeleton could hurt pedestrians and cyclists and damage other vehicles on roads. Reuters spoke to six safety professors and officials... |
argument with another car, you will win," Musk said. David Friedman, the former acting head of the National Highway Traffic Safety Administration, described the effect for the loser of the crash: "If you're in a crash with another vehicle that has a crumple zone and your car is more stiff, then their cars are going to ... |
When should you sell your car, how to ensure that it fetches you a good price Selling a car is often a subjective choice, with some wanting to dispose it of within two years, while others want to retain it for 20 years if it’s still in working condition. If, however, you are keen on getting a good resale value for your... |
permissible working age in your state, you will have two options. You can either sell it in another state where the expiry date is longer, or scrap it as you will not be allowed to use it beyond this period. For instance, if you are in Delhi, you will not be allowed to drive a petrol car for more than 15 years, but in ... |
Motor insurance claims higher for EVs due to parts Insurance claims from damage to electric vehicles two-wheelers are turning out to be up to 20% higher in value than conventional vehicles, while they are 50% higher for four-wheelers. Also, the frequency of claims is higher in electric vehicles compared to internal com... |
Reliance General Insurance and Ola Electric join to enhance 2W customer experience New Delhi: In a pioneering move set to redefine customer satisfaction, , one of India's leading private general insurance companies, has announced the tie-up of its Extended Warranty Product with . This strategic alliance aims to transfo... |
Massachusetts takes Uber, Lyft to trial over status of gig workers and are set to face trial on Monday in a ' attorney general alleging the ride-share companies misclassified their drivers as independent contractors rather than more costly employees. The non-jury trial in Boston comes amid broader legal and political b... |
Drive Safe, Pay Less: Ushering in a new era of Motor Insurance As a driver who rarely uses your car, or as a driver who drives safely, do you feel that you are paying too much for your premium? Regulatory and Development Authority of India ( ), in a circular dated 5th July 2022, has permitted Motor to offer (UBI) add-o... |
annual premium is low. Mobile-based solutions do not need this investment, but have a marginally lower accuracy and some data loss as compared to the hardware based solutions. Apart from making motor insurance fair and transparent, UBI will benefit both customers and insurers. Telematics solutions can be used not only ... |
G7 to hold off revising Russian oil price cap this week Group of Seven Nations are not likely to revise a on this week, two officials and one official from a coalition member told Reuters on Monday. The was due in mid-March to revise the price cap put in place in December, but the officials said EU countries' ambassado... |
Comprehensive car insurance vs third-party car insurance: Which is better? vs : Which is Better? is a crucial aspect of , offering protection against financial losses that may arise from accidents, theft, or other unforeseen events. When choosing the right car insurance, motorists often face a choice between comprehens... |
or third-party insurance, using car insurance apps can streamline the process of managing your coverage. These apps often feature real-time updates, easy payment options, and even tools to compare different insurance policies, making it easier to find the best option for your needs. Conclusion: Which Is Better? The cho... |
All you Need to Know about Zero Depreciation Add-on Cover on Motor Insurance Ever since the made it mandatory for car owners to have a policy, Insurers have provided a diverse range of that protect the insured from the financial jolt that follows in cases of accidental repairs. Zero-depreciation is one such cover that ... |
China's Lithium dominance faces Indian challenge: Mass-scale Li-metal from recycled materials India's , a company in the sustainable energy and battery materials space, has become the first company outside of China and one of only five globally to successfully produce in its pure metallic form at a large scale. The com... |
Allies aim for risky Russian oil price cap as winter nears WASHINGTON: US officials celebrated in early September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin's access to cash as he wages war on Ukraine. The idea sounded simple enough: The countries would pay only... |
presentation. He added: "The price cap provides an opportunity for a bit of a release valve and the hope that these Russian barrels will find the market, but at a reduced price." The Dec. 5 deadline for setting the price for discounted oil comes just before a year-end wider European embargo on seaborne Russian crude oi... |
lower prices paid to Russia by these nations would help accomplish the coalition's goal, Treasury officials say, getting more oil on the market with less revenue for the Kremlin. Already, Russia is locking in long-term contracts to limit the loss of potential oil revenues. Raoul LeBlanc, vice president of energy at Ins... |
Hiring demand up 9% in May: Report Job demand continued to be on a growth trajectory in May, witnessing a 9% rise year-on-year, mainly supported by telecom, banking, financial services and insurance and import and export sectors, a report said on Tuesday. The job market continued to show growth for the second consecuti... |
and Delhi-NCR, said the report. Tier II job markets continued to fuel hopeful employment patterns this May 2022 across Baroda, Chandigarh, Jaipur and Kolkata, which reflected growing annual demand in the range of 2 to 12%. Job creation in said locations continues to emerge consistently since the previous month indicati... |
Tankers newly sanctioned by US supplied Russian oil to India New Delhi: Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia's Far East to Indian Oil Corp, the country's top refiner, in recent months, according to shiptracking data from LSEG, and trade sources. The U.S. on Thursd... |
Shriram Group plans to add 2,500 employees for merged entity in 18-24 months Chennai-based , which is in the process of merging its two non-banking financial companies, is planning to hire additional 2,500 people for the proposed entity over the next 18-24 months, a top company official said on Monday. Last year in Dec... |
Tesla rolls out new incentives in China as price war escalates Tesla unveiled new incentives, including insurance subsidies, on Friday to woo consumers in the world's largest auto market, where the U.S. electric vehicle giant is in a protracted price war against entrenched rivals such as BYD. Pickups of existing invent... |
Government likely to trim fiscal deficit target as Omicron cases rise: Sources NEW DELHI: The government is aiming for a of 6.3% to 6.5% of gross domestic product (GDP) for the next financial year, a less ambitious target than previously planned as Covid-19 infections threaten the economic recovery, three government of... |
of the budget. "We are likely to miss the divestment (privatisation) target by a wide margin," one of the officials said, adding that sale of companies such as BPCL, banks and insurance companies would be postponed to the next financial year. The government has so far raised Rs 9,330 crore ($1.3 billion), a fraction of... |
Tesla seeks import duty cuts but gives PLI scheme a skip The dream of driving a Made-in-India may continue to elude vehicle buyers for some more time with the American electric car maker - which has pitched for a cut in import duties ahead of a local launch - not applying to avail of incentives under the ₹44,000 crore ... |
China auto market faces slowdown as inventory builds SHANGHAI - Automakers in China delivered a record number of cars to dealers in the first nine months of the year even as retail demand slowed, setting up the market for a slowdown in 2023, a leading Chinese brokerage said on Wednesday. Automakers had delivered 1 mill... |
Combination of positive factors to jack up auto dealers’ revenue by 20-25% in FY23, says CRISIL New Delhi: are set to clock their fastest revenue growth in three fiscals with sales accelerating 20%-25% year-on-year in FY23 mainly owing to the 12%-14% volume growth and to the five supporting factors that are referred to... |
auto dealers in fiscal 2023 which, along with expected reduction in inventory following higher demand, will help auto dealers reduce working capital costs. Higher cash flows, lower inventory cost and strengthening balance sheets will improve debt metrics of auto dealers this fiscal.” While interest coverage ratio is li... |
Hyundai Motor and Societe Generale Group cos. set up captive finance JV New Delhi: The financial services subsidiary of , Hyundai Capital Services, and , a subsidiary of offering innovative financing solutions to the automobile and nautical distribution sectors, have launched a joint venture, (HCF). The joint venture s... |
Oil merchants troubled by trading norms that don’t fit price cap The that the Group of Seven nations imposed on may finally be in place, but it’s yet to convince one vital group of people: the traders who can help get the supplies onto the global market. From last Monday, any company wanting to access G-7 services -- p... |
with entities or countries that support the price cap on its oil. Its foreign minister said it intends to negotiate with its partners directly. While Russian oil can still flow using non-EU services -- such as for cargoes not bought under the cap -- it’s unclear if there are enough ships and insurers to handle all the ... |
Collaboration, innovation, and cybersecurity to ensure safe future for connected vehicles: EY-Parthenon New Delhi: In the rapidly evolving landscape of , EY-Parthenon released a comprehensive report titled " 2.0; Navigating opportunities and risks in the digital era" at the ETAuto Connected Vehicle Summit '24. The repo... |
in claims, providing real-time data transmission on location, motion, speed, VIN number, acceleration, force of impact, and external environment conditions. Telematics not only enhances customer protection by reducing underwriting and claim fraud but also streamlines the claims process, providing a more holistic protec... |
Shriram Transport set to wear a brand new look beginning April In the new financial year, ( ) will wear a brand new look. Its proposed merger with subsidiary City Union Finance (SCUF) is set to reduce portfolio concentration risks at the vehicle financier even as the fortunes of an industry, in the cusp of momentous ch... |
Rupee opens 25 paise higher vs dollar despite rise in oil prices; here's why NEW DELHI: After shedding around 1.5 per cent against the US dollar on Thursday, the regained some ground on Friday as domestic equity markets bounced back after a brutal selloff and as traders pinned their hopes on the Reserve Bank of India e... |
GarageWorks raises USD 1 million in pre-series A investment round New Delhi: , which offers high quality two-wheeler servicing and maintenance to customers through a convenient at home-process, has secured USD 1 million in its Pre-Series A investment round funding led by various notable investors, namely Hiten Shah, Go... |
digital ecosystem eliminates the need to have a physical setup, enabling anyone to start their business. The GarageWorks training and support enables them to become champion service providers. Also Read: |
US imported more fuel from Russia than India NEW DELHI: For all the noise from the West over 's oil imports from , it has now emerged that not just European countries but even the US shipped more fossil fuels than India since Moscow attacked Ukraine. A report by think-tank Centre for Research on Energy and Clean Air (C... |
Ford resumes production at Tamil Nadu plant Production at the factory belonging to auto major has resumed after a section of employees consented to work after striking work since May 30 demanding a better severance package, officials said. While , the subsidiary of the United States car maker, said more than 300 people... |
as on May 2022, a fixed Rs 50,000 for every completed year of service benefits equivalent to a lumpsum amount of Rs 2.40 lakh and current medical insurance coverage until March 2024. "The cumulative amounts will be subject to a minimum amount of Rs 30 lakh and a maximum cap of Rs 80 lakh," it said. To those employees w... |
US proposes requiring automatic emergency braking in new vehicles The Biden administration on Wednesday proposed requiring ( ) on all new and and set new performance requirements, one of the most significant safety regulations proposed in recent years. The new requirements proposed by the (NHTSA) would require most veh... |
Cyrus Mistry death: Cops check if truck was in outer lane MUMBAI: Despite repeated reminders and awareness campaigns, truckers on highways are using the middle or outer lanes while driving. On highways or expressways, heavy vehicles are supposed to keep to the left and use the middle or the lane on the right only to ov... |
Indian job market registered 15% YoY growth in hiring demand in April The surge in economic activity led to a continued growth in hiring activity in April. The registered a 15% year-on-year growth in hiring demand in April and 4% month-on-month led by positive , according to the Index (MEI). The saw recovery across sev... |
jump for another consecutive month in all metros, rebounded for almost all the functions in Tier-1 cities. Following the reverse migration of workers to Tier-2 markets, and the newer trend of work moving to talent has also created job opportunities in emerging cities and towns. Baroda (up 15%) exhibited a significant i... |
Ford CEO says EV cost parity may not come until after 2030 The cost to make may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor-intensive, Motor Co Chief Executive said on Wednesday. At an investor conference, Farley said that, for many automakers, EVs will re... |
A Tesla rival is driving into India. What lies ahead for it A small unprofitable ( ) maker, which had briefly become the third most valuable auto manufacturer in the world last year after and , leaving behind General Motors and Ford Motor, as its stock rose nearly 700% days after its listing on Nasdaq, is driving into ... |
subsequently. The first model, VF e-34, which is a compact SUV crossover, will be an imported one, said multiple people privy to the company’s plans. The subsequent e-SUVs including VF e-36, VF6 and VF7 will be assembled locally in the initial phase before the local production of a few of them begins. The Indian terrai... |
to aggressively address to make its India ride smoother. VinFast, which will be the first EV-only company to operate in India, can have an early-mover advantage over its other global players such as Tesla which also plans to enter the Indian market due to its vast growth potential. |
Shipping firm Maersk says it's preparing for resumption of Red Sea voyages after attacks from Yemen says that it's preparing to allow vessels to resume sailing through the Red Sea, thanks to the start of a US-led to protect shipping from attacks by in Yemen. Houthi attacks have led to a major disruption of shipping thr... |
Mahindra Car Insurance Guide: Get the Best Coverage for Your Mahindra Choosing the appropriate is essential for protecting your vehicle. In India, it serves as both a legal requirement and a financial safety net. Driving without adequate insurance coverage can lead to financial losses in case of mishaps and may also la... |
for hospitalisation and medical treatments for drivers and passengers alike. If the insured person dies, the policy provides a one-time payment to the family, helping with medical costs and other related charges. This coverage is crucial to prevent unexpected accident-related expenses from causing a major financial bur... |
in the event of car theft or total loss. Enginе Protеction Covеr: It provides repair or replacement expenses for the engine and its related parts caused by specific issues, ensuring the performance and dependability of your vehicle are maintained. Consumables Covеr: Guarantees reimbursement for the price of necessary c... |
2022 TVS iQube Vs Ola S1 Pro Vs Ather 450 Plus: Price and specifications comparison TVS Motor recently introduced the 2022 iQube electric scooter in new variants, colour options and new features. The e-scooter rivals the likes of and in the Indian market. Here is how well they compete with each other, considering the p... |
Recession risk douses once-hot IPO market The market for share sales hasn’t been this bad in nearly two decades, with few willing to take a chance in a grim investment climate. Just $198 billion worth of (IPOs) and follow-on sales have been priced so far this year, a 70% drop from a year ago. That puts them on track fo... |
India to continue to attract eyes of foreign investors, though global uncertainties pose challenges India may attract eyes of overseas investors in 2023 as well on account of measures such as rollout of the production linked incentive (PLI) schemes and projection of healthy economic growth, though global economic uncer... |
to come to India, Jain said, adding free trade agreements with the UAE and Australia too will help attract healthy FDI inflows in 2022-23. The PLI scheme was announced for 14 sectors, including white goods, telecom and auto components with an outlay of Rs 1.97 lakh crore to enhance India's manufacturing capabilities an... |
real estate business, and manufacturing of cigars, cheroots, cigarillos and cigarettes using tobacco. FDI is important as India would require huge investments in the coming years to overhaul its infrastructure sector to boost growth. Healthy growth in foreign inflows helps maintain the balance of payments and the value... |
India's new EV policy allows imports from any country, including China: Official India has no restrictions on the import of electric vehicles from any country, including , under a new , a senior government official told a TV channel on Tuesday. Last month, the Indian government approved the new EV policy, under which i... |
technologies, expand the product range, and improve cost competitiveness, all of which would facilitate enhanced EV adoption. "Further, countries that have been front-runners in EV adoption have also developed a local vendor ecosystem. This policy is a step in the right direction and would aid in increasing EV componen... |
Auto parts industry reports highest ever revenue of INR 4.2 lakh crore New Delhi: With the increased production and sales in the first half of FY 22 due to recovery in auto industry, the cumulative revenue of India’s auto component makers jumped 23% to INR 4.2 lakh crore. However, the industry lost almost USD 600 milli... |
35,000 autos plying illegally in Bengaluru; no staff to monitor : Autorickshaw drivers demanding exorbitant fares and refusing to ply may be common in the city, but the vehicle you flag down to take a ride may itself be illegal. According to the transport department, there are around 35,000 illegal autorickshaws plying... |
ASK Automotive raises INR 250 cr from anchors; IPO opens today New Delhi: Auto ancillary player on Monday said it has mobilised a little over INR 250 crore from anchor investors ahead of its initial share sale which opens for public subscription on Tuesday. The company has allotted 88.71 lakh equity shares to 25 funds ... |
Shivam Autozone: A beacon of Maruti Suzuki excellence in Mumbai has firmly established itself as Mumbai’s most esteemed dealership. With a legacy spanning over a decade, Shivam Autozone has consistently delivered exceptional sales, service, and customer satisfaction, earning its place as a trusted name among car buyers... |
Bajaj Auto working on CNG bike, to hit road in June is developing a portfolio of clean fuel CNG motorcycles, and the first such bike will hit the market in June, Managing Director said here on Friday. The bike will run on CNG and would hit the roads in June, he said while announcing commitment of INR 5,000 crore toward... |
seeing a shortage of talent." With Bajaj Beyond, Bjajaj Finserv commits to strengthening India's skilling ecosystem, especially in the hinterland, enabling greater access to economic prosperity, he added. |
China bets on open-source chips as US export controls mount When a Beijing-based military institute in September published a patent for a new high-performance chip, it offered a glimpse of China's bid to remake the half-trillion dollar global chip market and withstand U.S. sanctions. The People's Liberation Army's (PLA... |
free to use and has a simpler outline, often leading to more energy-efficient chips, and users can build atop the framework to suit their needs. Half of the more than 10 billion RISC-V chips shipped globally by 2022 were made in China, the state-run China Daily reported in August. Bao Yungang, deputy director of China'... |
University of Electronic Science and Technology of China organised a seminar on how RISC-V could help China achieve tech self-sufficiency. "Everyone agreed...if domestic chip systems want to get rid of the limitations of x86 and ARM architectures and realise a true rise to power, RISC-V will be the biggest opportunity,... |
Chauffeur to India Inc, Ecos Offers Growth Ride in Mobility Ecos (India) Mobility and Hospitality, a provider of corporate car rental services, plans to raise ₹601 crore through an offer for sale by promoters, which will reduce their stake to 98% from 68%. The company has access to over 12,500 vehicles, ranging from ec... |
Sanjiv Bajaj takes over as CII president Mumbai: Bajaj Finserv’s chairman and MD has assumed office as the president of the ( ) for FY23. He takes over from MD & CEO . Bajaj, the president-designate for FY22, had earlier headed a CII committee on insurance & pensions and a task force on fintech. A Harvard Business Scho... |
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