Category Archives: Business

AirAsia plans to launch a flying taxi business in 2022

AirAsia Group Bhd, A Malaysian budget airline, has announced its plans to launch a flying taxi service as soon as next year. Tony Fernandes, the company’s chief executive officer and co-founder, said on Saturday, “We are working on that right now.” “I think we’ll be ready to launch in about a year and a half”. […]

A Museum in U.K. to honor Indians who fought in World Wars

A sculpture by an early twentieth-century Sikh fighter pilot, cricketer, and golfer from Oxford University has been authorized for a new memorial, to be erected in Southampton, England, in memory of all Indians who served in World Wars. Hardit Singh Malik came to the United Kingdom as a 14-year-old to study at Balliol College, University […]

Citigroup needs a new strategy for its Asian consumer banks

Citigroup Inc.’s new Chief Executive Officer Jane Fraser is facing a new question that is What to do about the consumer banks of Asia? Out of 19 banks that Citi operates globally, 12 are in the Asia-Pacific region. Over the next seven years, the institutional client group, which houses the corporate and investment banks, became […]

World’s Largest E-scooter factory aims at manufacturing an EV every 2 seconds

Bhavish Aggarwal looks out over a 500-acre expanse ringed by neon-painted houses, small shrines, and mango groves. On this empty plot on the Bangalore’s outskirts, the high-profile Ola founder hopes to erect the world’s largest electric scooter plant within the next 12 weeks, producing around 2 million per year — a milestone for one of […]

Zaghari-Ratcliffe, A British-Iranian Aid Worker, Has Been Released from House Arrest, But A Court Summons Is Still Pending

Nazanin Zaghari-Ratcliffe, a British-Iranian aid worker, was released from house arrest at the end of her five-year prison term, but her lawyer said that she has been summoned to court again on another charge. Zaghari-Ratcliffe, a Thomson Reuters Foundation project manager, was detained in a Tehran airport in April 2016 and later convicted of planning […]

Israeli Startup StoreDot Launches ‘5-Minute Charge’ EV Battery

Israel-based StoreDot, a leading company in the field of battery technology, has announced the availability of its first-generation ‘5-minute charge’ battery. StoreDot has released its first production batch of samples, which is aimed at showcasing the technology to potential Electric Vehicles (EVs) manufacturers and industry partners. The battery with the ‘From flat battery to full […]

Since ethanol is cheaper than petrol, the sugar industry sees a chance

Petrol at Rs 95-plus per litre pinches the pockets of the user. But it has opened up opportunities for Indian sugar mills – and a way out of the issue of cane payment owed to farmers. Oil marketing companies (OMC) are expected to purchase 283 crore litres of ethanol from mills for blending up to […]

US AI in E-commerce Market Report 2020: By Key Players, Application, Share and Forecast 2019-2025

US AI in e-commerce market is projected to grow at a CAGR of 26.0% during the forecast period (2019-2025). The US marks a significant position in the venture investment activity of the e-commerce industry. Some of the leading funding of AI in e-commerce sectors includes- Riskified- In 2019, the company announced series E funding of […]

North American AI in E-commerce Market to 2025, Future Outlook, COVID-19 Impact Analysis, Forecast 2019-2025

North American AI in e-commerce market is projected to grow at a CAGR of 26.1% during the forecast period (2019-2025). E-commerce players have thousands of parcels to deliver at various locations globally. There is a high risk of an error occurring when performing this task manually. This fact has increased the demand for AI in […]

Europe AI in E-commerce Market: Analysis Report, Share, Trends and Overview 2019-2025

The European AI in e-commerce market is projected to grow at a CAGR of 25.3% during the forecast period (2019-2025). The market covers the analysis of major economies including the UK, Germany, Italy, Spain, France, and the Rest of Europe. UK dominated the market in 2018 and growing at a CAGR of 25.5% during the […]