VinFast to double down on EV push in U.S. with USD 2 Bn investment

VinFast is reportedly planning to build worth USD 2 billion electric vehicle factory in North Carolina, the U.S., doubling down on its efforts to join the competitive global electric vehicle market. The Vietnamese automaker aims to produce ....

Lamborghini records 86% growth, crosses 400-unit sales mark in India

Since it began operations in India in 2007, Lamborghini has delivered 400 Lamborghinis throughout the country, representing an 86% increase. With outlets in Mumbai, Bengaluru, and Delhi, Lamborghini has outperformed its rivals in the ultra-....

Medicago’s COVID-19 vaccine rejected by WHO over its tobacco ties

WHO authorization is vital to be a part of the COVAX global vaccine program. Canada has already agreed to purchase at least 76 million Medicago COVID-19 vaccines. Medicago Inc., whose COVID-19 vaccine has already been approved in Cana....

BMW to open 5 battery Gigafactories for strengthening its EV portfolio

BMW AG is reportedly planning to make a foray into battery manufacturing to expand on its electric vehicle portfolio. The luxury automaker brand will now mirror the footsteps of Volkswagen Group, General Motors Company, and Mercedes-Benz by....

Marriott, Baraka Lodges to launch Africa’s first luxury safari lodge

The resort will have 20 personal tents, with one presidential gazebo and two interwoven canopied suites. This new addition will join Marriott Bonvoy's massive range of 8,000 hotels across the world. Marriott International Inc. is r....

U.S. travel industry asks White House to relax COVID-19 travel curbs

According to reliable sources, the U.S. Travel Association has urged the White House to lift COVID-19 travel restrictions and revoke the mandates that require wearing masks on flights and in other modes of transportation by April 18 this ye....

Retail e-commerce firm CommerceIQ bags USD 115 Mn in Series D funding

CommerceIQ, a retail e-commerce platform, has reportedly bagged USD 115 million in a Series D funding round that was spearheaded by Softbank Vision Fund 2, now valuing the company over USD 1 billion. The fundraising also saw participation ....

India looking to extend COVID-19 booster doses to entire adult groups

With the dramatic upswing in infection rates in some parts, India is now reportedly attempting to make the country's entire adult population eligible for COVID-19 booster doses. Many Indians have found it challenging to travel overseas ....

Reliance Retail expands its apparel footprint with Clovia stake buyout

India’s largest retailer in terms of revenue, Reliance Retail, has reportedly acquired an 89% equity stake in Clovia for USD 125 million. The D2C brand is owned and run by Purple Panda Fashions Pvt. Ltd. and will help the retailing gi....

Hyundai launches its first manufacturing facility in Southeast Asia

Hyundai Motor Company has reportedly inaugurated Hyundai Motor Manufacturing Indonesia – its first production plant in Southeast Asia, located near Cikarang at the Deltamas industrial complex, Indonesia. The plant is expected to be a....

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