China’s BYD Seal, McDonald’s Cheese, UPI Fees, Elon Musk, Bitcoin etc

Vaishali Sharma
March 06, 2024

BYD Seal launched, can go 200 km with 15 minutes charging. Check price, specification, and features.

BYD Seal electric sedan launched in India with three versions: Dynamic at Rs 41 lakh, Premium at Rs 45.55 lakh, and Performance at Rs 53 lakh.
Features Double U floating LED headlights, a boundless LED tail light, and luxurious black interiors with advanced seating and infotainment system.
Built on the e-platform 3.0 for better space, safety, and performance, with a range of 650 km and the ability to charge 200 km in 15 minutes.
Early booking incentives include a complimentary home charger, portable charger, and the chance to win UEFA match tickets and a round-trip flight.
Warranties cover 8 years/1.6 lakh km for the battery, and similar comprehensive warranties for other critical components.

Tata Motors, M&M, Ola Electric to get double benefit of auto PLI, FAME

Ola Electric is the first company to receive the PLI-Auto certificate from ICAT for its two BEVs, meeting the 50% DVA requirement.
The PLI and FAME-II schemes by the Ministry of Heavy Industries aim to boost EV adoption and domestic manufacturing.
M&M and Tata Motors also secured certifications, from ARAI, making their EVs eligible for scheme benefits.
The FAME-II incentives will remain available until March 2024, offering financial benefits for EV adoption.
The PLI scheme, with a budget of ₹25,938 crore, is designed to attract investments and enhance the automotive value chain.
These initiatives represent a significant push by the Indian government towards sustainable transportation and self-reliance in automotive technology.

FSSAI verifies McDonald’s India uses 100% real cheese: Westlife Foodworld

FSSAI verifies McDonald’s India, operated by Westlife Foodworld, uses 100% real cheese.
Verification comes after a temporary suspension of a McDonald’s outlet license by the Maharashtra state.
Suspension was due to allegations of using cheese analogues instead of real cheese.
FSSAI's clean chit emphasizes McDonald's commitment to strict food quality standards.
NABL accredited lab tests also confirm the use of 100% real cheese.
Following the news, Westlife Foodworld’s shares increased by 7.77% on the BSE.

Record Surge in Demat Accounts: A New Era of Stock Market Enthusiasm

image source: smallcase

Over 4 million new demat accounts opened in February, highlighting a growing trend with a total nearing 150 million.
February's growth was 55% higher than the annual average, indicating increased stock market interest.
NSE's unique investor count exceeded 90 million, driven by shifts from savings to investing and robust market performance.
The IPO market saw significant activity, with 11 companies raising Rs 7,478 crore, attracting both new and existing investors.
Industry experts anticipate a continued increase in demat account openings, with a potential normalization in the coming months.

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