Hero MotoCorp enters EV sector under Vida brand

Hero MotoCorp Ltd, India’s largest two-wheeler maker, will make its long-awaited entry into the country’s thriving electric vehicle market in July through the Vida brand. The new brand will house the New Delhi-based automaker’s emerging mobility initiatives, including upcoming launches of electric two-wheelers. Customer deliveries of the first product will start later this year. The company will manufacture the electric…

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HPCL signs MoU with SECI for renewable energy, electric mobility, alternative fuels

The Hindustan Petroleum Corporation Ltd (HPCL) and Solar Energy Corporation of India Ltd (SECI) has inked a pact for cooperation and collaboration in the field of renewable energy, electric mobility, and alternative fuels including the development of ESG Projects, the Ministry of New and Renewable Energy said. The MOU envisages cooperation and collaboration in the field of Renewable Energy, Electric…

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DST tieup with Intel India to boost AI readiness

‘Building AI Readiness among Young Innovators’, a program by the Department of Science and Technology (DST), Government of India, in partnership with Intel India, was launched on the occasion of National Science Day on 28th February by Dr Jitendra Singh, Union Minister of State for Science and Technology(I/C), Government of India. The program aims to build digital readiness among the…

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Tata Motors launches ‘showroom on wheels’ for doorstep car buying

Auto giant Tata Motors Ltd introduced a new initiative for ‘showroom on wheels’ also called ‘Anubhav’, which is a door-step car buying experience for rural customers. In line with the company’s rural marketing strategy, the new initiative is aimed to help increase its reach in tehsils and talukas. A total of 103 mobile showrooms are being deployed across the country…

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Google, MeitY partner to equip Indian startups build apps and games

Google has partnered with the Ministry of Electronics and Information Technology (MeitY) Startup Hub to help 100 Indian startups build high-quality global apps and games. The US-based company has announced the Appscale Academy Class of 2022 that will train these startups on UX design, business model and monetization strategies, international expansion best practices, and data safety and security practices, as…

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Union Bank of India, Ambit Finvest tie-up for co-lending to MSMEs

Ambit Finvest has signed a co-lending agreement with Union Bank of India (UBI) for lending to Micro, Small and Medium Enterprise (MSME) customers. Ambit Finvest is the non-deposit taking Non-Banking Financial Company (NBFC) of the Ambit Group. This tie-up will enable underwriting for enterprises in 11 states that are currently covered by Ambit Finvest. Points to Note: Ambit Finvest agreement…

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