BENGALURU: Bengaluru-based electric motorcycle maker Ultraviolette has raised $45 million in fresh growth capital from Zoho Corporation and European investment firm Lingotto as part of its ongoing Series E round.The company said the funding will be used to scale production and sales of its flagship F77 electric sportbike and the new X‑47 crossover, and to…
Chaos at airports across major cities in India as IndiGo continues to face operational delays (Source: ANI/@yatinmota) IndiGo, one of the country’s leading airlines, is currently grappling with significant operational disruptions, leading to widespread flight cancellations and delays across major cities such as Delhi, Bengaluru, Kolkata, and Hyderabad.The airline has attributed these disruptions to a…
NEW DELHI: Vietnamese auto company VinFast is doubling its India investments to Rs 9,000 crore ($1 billion) as the company — which has already started sales of electric cars — sets up an all-new factory for e-2Wheelers and buses.The company signed a MoU with the Tamil Nadu govt for a 500-acre land parcel in SIPCOT…
Photo credit: X/@eastbengal_fc NEW DELHI: Punjab FC lost 3-1 to East Bengal in the first semifinal of the AIFF Super Cup at the Jawaharlal Nehru Stadium in Fatorda, Goa, on Thursday.With this win, East Bengal entered their third AIFF Super Cup final. It is also their second final of the season after losing the IFA…
India’s central bank will allow the rupee to weaken as the country’s external position comes under strain from slowing dollar inflows, widening trade pressures and heavy foreign selling in domestic markets, according to sources cited by news agency Reuters. The Reserve Bank of India (RBI), which had been actively supporting the currency until last month…
BENGALURU: At India Blockchain Week in Bengaluru on Monday, Rahul Sanskrityayan, Specialist Consultant for Blockchain at NPCI, said the Reserve Bank of India’s programmable central bank digital currency (CBDC) is already live with participating banks and is being used by the government for targeted subsidy transfers.Sanskrityayan said programmable CBDC allows funds to be restricted for…
(Image credits: X @firesideventure) BENGALURU: Consumer focused venture capital firm Fireside Ventures has closed its fourth fund with commitments of Rs 2,265 crore (about $253 million), doubling down on early stage consumer brands as it chases the next wave of health, wellness and lifestyle companies in India. The new vehicle takes the firm’s total assets…
Full-time US students graduate faster: What dual enrolment reveals about six-year completion. (AI Image) The US college completion rate for students who began in fall 2019 has remained steady above 61%, according to a report from the National Student Clearinghouse Research Center (NSCRC). The six-year completion rate for this cohort was 61.1%, slightly down 0.3…
A Bengaluru techie died by suicide, accusing a couple and Greater Bengaluru Authority (GBA) officials of abetting his extreme act through harassment and extortion. BENGALURU: A 45-year-old techie’s dream of building a house ended on a sad note as he died by suicide, accusing a family and officials of the erstwhile BBMP, now Greater Bengaluru…
CNN reported that the acquisition follows an agreement reached in April, under which Prada committed to purchasing Versace for about $1.51 billion, a deal that materialised after Capri Holdings’ planned sale to Tapestry fell apart because of an antitrust challenge.Lorenzo Bertelli, the son of Prada founders Miuccia Prada and Patrizio Bertelli, is set to assume…
