Tag Archives: in

Carsome raises $50M for its used-car sales platform in Southeast Asia

Carsome,  a Malaysia-based marketplace for trading used cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets. The new financing round, dubbed Series C, was funded by MUFG Innovation Partners (MUIP), the corporate venture capital arm and a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG); Daiwa PI Partners, ... Read More »

Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions

New Delhi: The Competition Commission on Tuesday said it has approved Nippon Express’ acquisition of 22 per cent stake in Future Group’s logistics arm Future Supply Chain SolutionsNSE -0.82 % Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of ... Read More »

Reimagining the future of the consumer in India

AI, IoT and other tech-driven tools are not only tracking consumer buying behaviour but also increasingly influencing it Tech trends are altering the retail scenario globally and in India the situation is no different. Today, the Indian ecosystem is embracing the latest innovations at an encouraging speed, which are forming an essential part of their go to market strategy. Brands ... Read More »

Best Used Car Deals In Bangalore for Ford EcoSport between 50,000 – 1,00,000 Kms From Cartoq TRUE PRICE

Ford pioneered the sub-compact SUV segment with its EcoSport which has been its best-seller since its launch. EcoSport is a well-built car that is a joy to drive and therefore a favourite of enthusiasts. A used EcoSport is ideal for those looking a for feature-rich, stylish SUV that is good to drive–both in the city and on highways. Ford’s initiative to ... Read More »

Vodafone CEO Nick Read says company’s future in India looks doubtful as situation is critical

Vodafone said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and charges, after a court judgment over licence fees resulted in a 1.9 billion euro group loss in its first half. Chief Executive Nick Read said India, where Vodafone formed a joint venture with Idea Cellular in 2018, had been “a ... Read More »

UAE’s Masdar invests $150 million in Hero Future Energies

New Delhi: In what will rank among the largest deals in the India’s clean energy space, United Arab Emirates’ Masdar (Abu Dhabi Future Energy Company) has acquired around 20% stake in Munjal family-promoted Hero Future Energies Pvt. Ltd for $150 million. Masdar is owned by Abu Dhabi government’s sovereign wealth fund Mubadala Investment Company. Sovereign wealth funds are preferred for their ... Read More »

UK: New car market down 6.7 percent in October

Demand for new cars in the United Kingdom fell 6.7 percent last month, the automotive industry said. Some 10,348 fewer cars were registered in October than during the same month in 2018, according to the Society of Motor Manufacturers and Traders (SMMT). The figure reflects a tough environment for businesses and consumers as economic and political uncertainty continue to hit confidence, the ... Read More »

City of the Future Explores the Future of Mobility in Cities

City of the Future is a bi-weekly podcast from Sidewalk Labs that explores ideas and innovations that will transform cities. In the third episode from season 2, hosts Eric Jaffe and Vanessa Quirk discuss the future of mobility in cities and share ideas that would make it way easier to get around without owning a car. In the podcast, author Horace Dediu talks ... Read More »

Tesla’s service and used car revenue is growing, but can’t make up for a plunge in US vehicle sales

While Tesla’s overall sales dropped 39% in the U.S. during the third quarter, the company is seeing robust growth on “services and other” revenue, which includes sales of used cars. Revenue in that category jumped 68% to $548 million from $326 a year earlier, according to Tesla’s latest financial filing. Over the first nine months of 2019, it grew 91% to $1.65 ... Read More »

India vs Bangladesh: BCCI to factor in smog for future ties

Bangladesh’s Mushfiqur Rahim during a practice session ahead of their first T20 international match against India, at Arun Jaitley Cricket Stadium, in New Delhi on Thursday.(Burhaan Kinu/HT PHOTO) The Board of Control for Cricket in India (BCCI) on Thursday confirmed that the India-Bangladesh T20 match at the Ferozeshah Kotla ground will go ahead as scheduled despite the high pollution levels ... Read More »