BUSINESS
World's richest person Bernard Arnault appoints daughter to run Dior
Arnault, 73, is the chief executive, chair and majority shareholder of the group, which owns a swathe of high-end businesses including Louis Vuitton, Tiffany, Givenchy, Kering and Moet Hennessy, The Guardian reported. He announced on Wednesday that his eldest daughter would become Dior's chief executive and chair as part of a shake-up of the 382 bn euro (337 bn pound) conglomerate, the report said.
Direct tax collections rise 24% year-on-year to Rs 14.71 lakh crore
This collection is 86.68 per cent of the total budget estimates of direct taxes for 2022-23. Refunds amounting to Rs 2.40 lakh crore have been issued between April 1, 2022 and January 10, 2023, which are 58.74 per cent higher than refunds issued during the corresponding period of last year.
Tata showcases 14 electric vehicles and concepts, launches several
In its commercial vehicle segments, Tata Motors also unveiled the Magic EV, the Prime e28, ultra e.9 as well as the Hydrogen Fuel Cell truck at the event. Tata Motors has the biggest stall at the expo this year and their launches range across the electric, passenger, and the commercial vehicle segments. It is showcasing 14 electric vehicles and concepts.
15 mn Bitcoin stagnant in past 6 months amid crypto winter
According to an analysis by CryptoMonday.de, Bitcoin "hodlers" are becoming increasingly popular, with investors looking to hold onto their BTC longer. Hodlers are long-term holders of a cryptocurrency, who buy and hold regardless of price. Stagnant BTC supply since 2010 has slowly increased over the years, with a few exceptions in 2018 and late 2021.
MG Motor announces Next-Gen Hector
The company said that the Next-Gen Hector has a host of exciting technologies and 11 Autonomous Level 2 (ADAS) features that offer hassle-free driving comfort with enhanced safety. "With its all-new striking bold exterior and evolved safety feature s, and elegant design elements
Chinese electric carmaker BYD India to launch luxury sedan in 2023's last quarter
The Chinese electric car maker also claimed that BYD Seal has a range of up to 700 km on a single charge. With the unveiling of the electric luxury sedan BYD Seal, and the launch of the limited edition of BYD ATTO 3, Blade Battery, and the e-Platform 3.0
Exim Bank raises $1bn issuing sustainability bonds
According to the Exim Bank, the net proceeds of Sustainability Bond will be used towards eligible projects under the Bank's ESG Framework, including renewable energy; clean transportation; access to essential services and basic infrastructure; affordable housing; and sustainable water and wastewater management.
World Bank slashes Pakistan's GDP growth in half
According to a WB's latest Global Economics Prospects report, the 2022 devastating floods and slowdown in global growth have contributed to what it termed as "sharp, long-lasting slowdown". Due to the global growth frozen at only 1.7 per cent this year
SWITCH Mobility unveils new EVs at Auto Expo 2023
"As SWITCH continues to grow, we will continue to excite the electric commercial vehicle (CV) market with innovative and intelligent offerings, expanding into new regions in line with the company's global strategy," Dheeraj Hinduja, Executive Chairman -- SWITCH Mobility, said in a statement.
Auto Expo 2023: Hyundai launches Ioniq 5 EV
The introductory price of Ioniq 5 is Rs 44.95 lakhs (ex-showroom) and will be available in 3 colour options -- White, Black and an exclusive Matte Silver. Unsoo Kim, Hyundai Motor India MD and CEO, while launching the model said that the EV represents the company's shift towards future mobility with tenets that encapsulate intelligent technology, innovation and sustainability.
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