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Uber India and South Asia Prabhjeet Singh has said, terming it an «incredibly important market» that presents a multi-decadal opportunity for the ride-hailing platform. Singh told PTI that mobility opportunity in India is «massive» and «underpenetrated». The company believes it has «barely scratched the surface» despite the strong line-up of products and services and the robust growth. «There is so much more to be done even though we are growing leaps and bounds,» the top honcho of Uber India said. The mobility giant will continue to bring cutting-edge innovation to the market and also take India-first innovations to the rest of the world, he emphasised.

Subscribe to enjoy similar stories. The first wave of claims for India's automobile production incentives scheme barely touched ₹500 crore, an amount that may grow exponentially in the years ahead as the electric revolution unfolds and more products secure certification. Just four companies—Tata Motors, Mahindra Last Mile Mobility, Toyota Kirloskar Auto Parts (TKAP) and Ola Electric—submitted claims for FY24, two people aware of the matter said.

Subscribe to enjoy similar stories. New Delhi: Clarity from the government on the issue of adjusted gross revenue (AGR) will move the needle on Vodafone Idea Ltd’s efforts to raise debt from lenders, its top executive said, adding that promoters, along with the management, were in discussions with banks for raising ₹35,000 crore.

ePlane Company, incubated at IIT-Madras and aiming to become one of the main players in India’s electric vertical takeoff and landing (eVTOL) mobility sector, on Friday announced the closure of a $14 million funding round. With this funding, ePlane is poised to become the largest-funded eVTOL player in India, the company said in a statement. Founder of the startup and IIT-Madras aerospace engineering professor Satya Chakravarthy told ET that the government's support and announcement of certification standards have helped strengthen investor confidence. “Among the new investors, we can clearly see that their conviction about air taxis is much stronger compared to their interest in just commercialising drones,” he said. The Series B round was co-led by Speciale Invest and Antares Ventures, with continued participation from Micelio Mobility, Naval Ravikant, Java Capital, Samarthya Investment Advisors, Redstart (from Naukri), and Anicut.

U.S. and Canadian banks reported a tenfold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm <a href=«https://www.biocatch.com/behavioral-biometrics-solution?utm_term=biocatch&utm_source=adwords&utm_medium=ppc&utm_campaign=Biocatch-Brand-Search-NAM-ENG&utm_content=g&hsa_acc=8099910299&hsa_net=adwords&hsa_cam=19253843024&hsa_tgt=aud-1932812498097:kwd-386778004221&hsa_kw=biocatch&hsa_ver=3&hsa_mt=e&hsa_grp=147848634158&hsa_src=» https: target="_blank">BioCatch

Subscribe to enjoy similar stories. New Delhi/Chennai: In December 2021, over 400 women staying at a hostel at Puduchatram on the Chennai-Tirupati highway took ill. Some of them had severe symptoms of food poisoning and were admitted to hospitals.

Otis India aims to support this need and urbanisation of India in a way that is smart, sustainable and scalable, says Sebi Joseph, President of Otis India, in an interaction with ET Digital. He adds that Otis also understands the challenges associated with respect to tier-2 and tier-3 cities and creates tailored solutions at scale to meet customer expectations. Edited excerpts: The Economic Times (ET): How is India placed in terms of manufacturing, installation and servicing of elevators and escalators? How have things changed over the years? Sebi Joseph (SJ): It is an exciting time for the elevator and escalator industry in India.

Defence Research and Development Organisation (DRDO) successfully conducted the maiden flight test of its Long Range Land Attack Cruise Missile (LRLACM) on Tuesday, the Ministry of Defence said in a press release. The maiden flight took off from the Integrated Test Range (ITR) in Chandipur, off the coast of Odisha. The missile was launched using a mobile articulated launcher.

Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments

Subscribe to enjoy similar stories. Meta Platforms plans to give European users of Instagram and Facebook the option of receiving what it says are “less personalized ads," a concession to regulators that risks hitting the company’s revenue in one of its largest markets. The social-media company plans in coming days to begin prompting users in Europe with the choice of the new ad format, without paying a fee, according to people briefed on the plans.

Nagaraju on Monday asked banks to carry out fresh KYC (know your customer) process for Jan Dhan accounts which are due for updation. The PMJDY was launched in 2014 and approximately 10.5 crore PMJDY accounts were opened in mission mode during the period from August, 2014 to December 2014. These PMJDY accounts are becoming due for periodic updation or re-KYC now after 10 years. Nagaraju chaired a meeting with all stakeholders for carrying out fresh Know Your Customer (re-KYC) process for the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders, the finance ministry said in a statement. During the meeting, Nagaraju suggested using all means for doing re-KYC — such as fingerprints, face recognition, taking declarations where no change in KYC documents occurred — through all channels like ATM, mobile banking, internet banking, and other available digital channels.

The searches led to the recovery of incriminating documents showing detailed banking transactions, digital devices including mobile phones, and other evidence related to terror funding activities, the statement issued by the NIA said. As per NIA investigations, the suspects whose premises were raided are sympathisers of a Bangladesh-based Al-Qaida network.

Best laptops with Amazon deals:The HONOR MagicBook X16 (2024) is a standout choice during Amazon Laptop Days, offering a blend of power and portability. Equipped with a 12th Gen Intel Core i5-12450H processor, 16GB RAM, and a fast 512GB PCIe SSD, it ensures smooth multitasking and rapid access to your files. Its 16-inch FHD IPS anti-glare display brings visuals to life, while the full-size numeric keyboard boosts productivity.

Intel announced it will reintroduce free coffee and tea for its employees after removing several workplace perks earlier this year as part of extensive cost-saving initiatives. The decision to restore the beverages comes as the company attempts to bolster employee morale following a challenging year, which included workforce reductions and benefit cutbacks.

Subscribe to enjoy similar stories. New Delhi: The removal of a central government subsidy will likely make popular electric three-wheelers dearer for the rest of this fiscal, potentially disrupting their sales from manufacturers such as Bajaj Auto, Mahindra Last Mile Mobility and Piaggio, among others. The annual cap for number of subsidised e-three wheelers under the PM E-Drive scheme has almost been reached for this fiscal, and the Centre has decided not to extend the subsidies beyond the cap for FY25.

From children to adults, people expressed their excitement by capturing moments of the roadshow on their mobile phones. This was the second roadshow by the PM here in the last six months.

Subscribe to enjoy similar stories. Indian telecom service providers' hopes to get relief from paying levies on adjusted gross revenue (AGR) might get dashed on the Union finance ministry's revenue concerns, according to two senior officials close to the discussions. “It’s under consideration, but unlikely that it will be accepted," one of the officials said on the condition of anonymity.

Elon Musk’s Starlink and Jeff Bezos-owned Amazon Kuiper, and India’s top three telecom operators to discuss satellite spectrum pricing mechanism and other modalities.

Bell Canada-owner BCE Inc. was dealt another regulatory blow this week as it reported a loss in its latest quarter and recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.