Bengaluru: Embassy Group, which is in the process of buying a promoters’ stake in Indiabulls Real Estate Ltd (IBREL), plans to sell the office assets of IBREL to Embassy’s real estate investment trust, hire a new CEO for the Mumbai-based company and expand its portfolio by acquiring…
New EV startup Canoo will only sell cars on a subscription basis
Canoo’s first car will be a “lifestyle vehicle,” with a van-like shape. It’s supposed to hit the road in 2021, and will be adaptable to an autonomous future. Image: Canoo Electric vehicle startup EVelozcity, which was founded in late 2017 by three former BMW executives (and ex-Faraday Future employees),…
Audi aims to sell 800,000 electrified cars in 2025
German carmaker Audi has announced that it plans to sell approximately 8 lakh electrified cars, including both fully electric and plug-in hybrid cars, in 2025. According to the company’s updated ‘Audi Vorsprung 2025’ strategy, it aims to enable about every third customer to decide in favour…
In UP, recharge shops sell phone numbers of girls for Rs 50
Phone numbers of girls are on sale at recharge shops in Uttar Pradesh with prices starting at as low as Rs 50. The racket is run by majority of rechargers in the state who make money by selling phone numbers of girls who come at their…
Apple-RIL might join hands to sell iPhones
Apple, among the world’s most-valuable tech companies, and Reliance Industries (RIL), India’s second-largest conglomerate, are looking at widening their distribution tie-up ahead of the iPhone 7 launch in the country next month. The move is significant since an arrangement such as this has never been seen…