China's EV startup Xpeng pulls in $500 million Series C+

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China's EV startup Xpeng pulls in $500 million Series C+

Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement …
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Rupee rises 10 paise to 74.92 against US dollar in early trade

The rupee appreciated 10 paise to 74.92 against the US dollar in opening trade on Monday, tracking positive domestic equities. The domestic currency had settled at 75.02 against the US dollar on Friday. Forex traders said positive opening in domestic …
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Maruti Suzuki S-Cross petrol model's India launch date revealed

Maruti Suzuki S-Cross petrol first debuted earlier this year at Auto Expo 2020. Post that, the crossover SUV was expected to be launched in India in March 2020, but that plan had to be pushed back owing to the COVID-19 outbreak. Since then, we have been …
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Dubai's Biggest Bank Profit Slumps After $1.1 Billion Provisions

(Bloomberg) — Emirates NBD PJSC first-half profit slumped 45% after it set aside $1.1 billion in provisions to cover an expected spike in bad loans brought on by the coronavirus pandemic. Dubai’s biggest bank increased impairments allowances more than …
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Understanding access priority: A premium tariff plan that Airtel, Voda wants to offer

What’s Access on Priority ? The latest flashpoint in the telecom industry is Trai’s move to block Vodafone Idea’s RedX and Bharti Airtel’s Platinum premium tariff offers that promise priority network services and faster data speeds, after a Reliance Jio complaint.
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