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E-vehicles industry to create 10 million jobs in future: report

India has chalked a plan to aid its electric mobility mission by creating a specialised workforce. The blueprint aims at generating 10 million jobs. The Ministry of Skill Development and Entrepreneurship is in the process of preparing the programme to provide adequate manpower to the electric mobility industry. The strategy includes creating a skilled and trained workforce which has an ... Read More »

What Will It Take For You To Be Successful In The Future?

It is hard to imagine a time before the Internet; before Google, YouTube and Netflix. Gen-Z can’t wrap their heads around the fact we had to fax or send documents by snail mail to get them signed. Gen Z can’t relate to having to go out to physical stores to buy Christmas presents, or that we couldn’t see the other ... Read More »

Truebil bets big on used-car market growth, looks to grow 5x this year

Mumbaikars do not like black cars, but those, especially burly SUVs, sell like hot cakes in Delhi. Likewise, cars from South Mumbai find few takers, thanks to multiple stories about rust eating into the vehicles because of the area’s close proximity to the sea. These are few of the crucial analytical tools used by online marketplace Truebil.com, which sells used ... Read More »

IFC offers $43.3 mn in debt funding to Hero Future Energies

International Finance Corporation plans to provide debt financing of up to $43.3 million (Rs 300 crore) to Hero Future Energies Global Ltd for the construction of a solar power plant. The money will be used to build a 250-megawatt project at Bhadla in Rajasthan, the World Bank’s private-sector investment said in a disclosure. The total project cost is $200 million. ... Read More »

Future Retail raises ₹2,000 crore through issue of warrants to promoter entity

NEW DELHI: Future Retail Tuesday said it has raised nearly₹2,000 crore through issue of warrants to its promoter group entity on a preferential basis. “The committee of directors of the company has inter-alia considered and allotted 3,96,03,960 equity warrants at a price of ₹505 per warrant, each convertible into or exchangeable for one equity share of face value of ₹2 each…to Future Coupons ... Read More »

‘Crude prices to hold firm in future as supply tightens’

Crude-oil prices have been rising sharply in international markets as OPEC is committed to rebalancing the crude oil market. The latest update shows that OPEC’s crude-oil production in March further declined to 30.02 million barrels a day, from 30.56 million b/d the previous month. A steep decline in production from Saudi Arabia, Venezuela and Iraq led to rise. Saudi Arabia ... Read More »

4th industrial revolution will add unpredictability to future of work: India

As the ILO marks its centenary amid unprecedented technological transformationand disruption in the labour market, Indiahas said the fourth industrial revolution will add unpredictability to the future of work, requiring people’s opportunities and well-being to be localised and re-examined. “Anxiety about the impact of technology on the world of work is not new. The question of how technology shapes work and labour and how society ... Read More »

Ford Likely To End Independent India Business With New Mahindra Deal

Ford will hold a 49 percent stake in the partnership while Mahindra will own 51 per cent. Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will see the U.S. automaker cease its independent operations in the country, two sources with direct knowledge of the talks told Reuters. Under the ... Read More »

Future Consumer to raise Rs 350 crore, acquire Athena Life Sciences brands

Kishore Biyani’s Future ConsumerNSE 1.57 % said it plans to raise Rs 350 crore from existing investors – International Finance Corporation, Verlinvest and promoters to fund expansion plans. IFC, a member of the World Bank Group will invest Rs 210 crore while Verlinvest SA, an investment companyNSE 0.22 % of Belgium-based founding families of Anheuser-Busch InBev, will invest Rs 70 crore through preferential allotment of compulsory ... Read More »

Hyundai Group to bring a new electric-car platform for B and C segment by 2021

NEW DELHI: South Korean carmaker Hyundai Group is planning to bring a new electric-car platform for the B and C segment by 2021, reports global automobile news website. “A new platform dedicated to electric vehicles is about two years away. It will probably focus on B and C-segment [small and medium-sized] cars.” the report said quoting a source. According to the report, the ... Read More »