BUSINESS
Over 1.2 cr EVs sold in 2022 globally, may reach 1.7 cr by 2023 end
Tesla's Model Y remained the best-selling model globally followed by China-based BYD's Song model. During Q4 2022, battery EVs (BEV) accounted for almost 72 per cent of all EV sales, while plug-in hybrid EVs (PHEVs) accounted for the rest, according to Counterpoint Research.
Indian non-life insurers log Rs 19,876.44 crore premium in February
As regards the break-up between the different industry segments, the Council said that last month the four government-owned general insurers had earned a premium of Rs 5,816.44 crore (Rs 5,393.40 crore in February 2022) while the private sector players earned Rs 10,567.25 crore (Rs 8,780.85 crore).
33% debt investments made in FY 22 were to women-led enterprises and impact businesses: Caspian Debt
One significant challenge, which needs attention this International Women's Day, is equitable funding for women-led enterprises and women impact businesses. According to Traxcn database, only 2 per cent of female only founded companies and 26.2% companies with female co-founders received any funding.
Retail trade policy in offing for brick and mortar traders: Centre
In addition to this, the government is also working on an e-commerce policy for online retailers. This was informed by the Joint Secretary in the Department of Industry and Internal Trade (DPIIT) Sanjiv, while addressing a conference on e-commerce on Monday. The Centre wants to ensure proper coordination between e-commerce and retail traders, he informed.
Apple may soon launch M3-equipped iMac
According to Bloomberg's Mark Gurman, the upcoming iMac will feature the same 24-inch display size as the previous model, reports The Verge. Gurman said that the new iMac will not likely go into mass production for at least three months, but it might still start shipping in the latter half of this year in the same colour choices as its predecessor, including blue, silver, pink, and orange.
Nearly 65% women prefer housing as investment, while gold loses lustre: Survey
While women are a key homebuyer segment, nearly 83 per cent of the women respondents in ANAROCK's most recent Consumer Sentiment Survey, are looking at homes priced above Rs 45 lakhs. The Rs 45-90 lakh budget range is the 'sweet spot' for 36 per cent of women home seekers, and 27 per cent prefer premium homes priced from Rs 90 lakh to Rs 1.5 crore. Twenty per cent prefer luxury homes priced over Rs 1.5 crore.
Foxconn committed to set up plant in Telangana, CEO tells CM
"As discussed with you during our meeting on March 2, Foxconn is committed to setting up a manufacturing facility in Kongara Kalan and I seek the support of your team in operationalising the Kongara Kalan Park as early as possible," Liu wrote in his letter. The state government has reportedly offered 200 acres of land to Foxconn to set up the plant at Kongara Kalan.
'We can't pay you more', small tech firms tell laid-off Big Tech employees
Eric, a former Amazon software engineer, was on a $200,000-plus salary-and-stock package, before he was laid off in the US, reports The Seattle Times. When a smaller tech firm offered Eric less than he'd made at Amazon and he tried to negotiate, he was "flatly told" they can't pay him more and he "eventually accepted a job, and a pay cut".
Will Reliance Capital lenders get their dues fast or will there be legal delays
Recently, the National Company Law Appellate Tribunal (NCLAT) ordered in favour of Reliance Capital lenders and allowed another round of auction for the financial services company. The lenders had approached NCLAT against an earlier order of the National Company Law Tribunal (NCLT) restraining the Committee of Creditors (CoC) from extending the auction.
Indian startups must tap $430 bn digital market in Southeast Asia: Report
The population of over 650 million and 70 million SMEs in Southeast Asia are rapidly becoming more affluent and digitally savvy, creating a high demand for innovative products and services. It's an ideal time to explore and expand into the region as it is an attractive geography with tremendous growth potential," according to market research firm Redseer Strategy Consultants.
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