FDI Ranking, Tata's Fleet Edge, Eco-freindly cars Taxi's, OYO's Funding, Accounting AI, Etc

Market Briefs

Main Briefs

Global Economic Challenges Hit India’s FDI, Ranking Slips to 15th:

• FDI inflows to India decreased by 43% to $28 billion in 2023.

• India's ranking in UNCTAD's World Investment Report dropped from 7th to 15th.

• The decline is due to global economic uncertainties and domestic policy challenges.

• Global FDI flows remained stable at $1.3 trillion.

• India was previously ranked 7th in FDI inflows globally in 2022.

Tata Motors' Fleet Edge: Boosting Efficiency with Digital Solutions for Commercial Vehicles:

• Tata Motors launched 'Tata Motors Fleet Edge,' a digital m

  arketplace for commercial vehicles.

• The platform provides vehicle health monitoring, trip optimization, and real-time fleet tracking.

• Aimed at enhancing operational efficiency and cost management for fleet owners.

• The initiative reflects Tata Motors' commitment to leveraging technology for customer benefits.

• Expected to streamline fleet operations and reduce operational costs.

Indian Briefs, You Can’t Miss:

1. Uber Introduces Eco-Friendly Electric Cabs in Kolkata.

2. Salesforce Strengthens Indian Presence with Public Sector Division and Lending Innovation.

3. Emcure Pharmaceuticals Receives SEBI Approval for July IPO.

4. 2023 Sees an 8% Increase in India's Fossil Fuel Consumption.

5. Ola Announces Four New Electric Motorcycles, Deliveries Start FY25.

6. India's Steel Demand Surges, Becomes Net Importer in FY24: CRISIL.

7. Japanese Giant Mitsui Pours Rs 200 Crore into Pune's Eka Mobility.

8. OYO Receives Shareholder Approval to Raise Rs 417 Crore via Preference Shares.

World Briefs

• Amazon to Swap Plastic Air Pillows for Eco-Friendly Paper Filler

• US, China to Engage in High-Level Discussions on Narcotics Control.

• Chinese Carmakers Urge Tariff Hike on Imported European Gasoline Vehicles.

AI Briefs

• AI Ambitions: PayPal Hires Srini Venkatesan as Chief Technology Officer.

• Kinetic Unveils Robots to Repair Electric Cars and Future Robotaxis.

• Ensuring Safety: OpenAI's Ilya Sutskever Announces Superintelligence Vision.

• Roots Launches App to Monitor Screen Time and Digital Dopamine Levels.

• Materia Introduces AI Tools to Streamline Accounting Tasks.

• Pocket FM Teams Up with ElevenLabs for Fast Audio Script Conversion.

Company Of The Day

Company Name: Ola Electric

• Founder: Anand Shah, Ankit Jain, Bhavish Aggarwal

• Year Of Foundation: May 26, 2017

• Headquarter: Bengaluru, Karnataka, India

• Industry:

  Ola Electric focuses on developing and manufacturing electric vehicles (EVs) and related technologies.

• Why Is It in the News?

  Ola Electric's IPO would be the first by an EV startup in the country and amongst the biggest new-age IPOs this year.