Xiaomi Enters the Electric Vehicle Market with SU7
Xiaomi, a major Chinese tech company, has launched its first electric vehicle, the SU7, in Beijing, marking its entry into the competitive EV sector in China. P... Xiaomi, a major Chinese tech company, has launched its first electric vehicle, the SU7, in Beijing, marking its entry into the competitive EV sector in China. Priced at 215,900 yuan ($29,868), the SU7 boasts features like "sound simulation" and karaoke equipment. Xiaomi targets the premium segment, competing with brands like Tesla and Nio, leveraging its experience in smartphones to attract similar consumer bases. However, challenges such as the discontinued purchasing subsidies and intense price competition in China's EV market pose hurdles despite Xiaomi's strategic positioning and ambitions.
Amul goes international: Desi dairy giant to launch fresh milk in US
Amul, India's leading dairy brand, has introduced four fresh milk variants in the US market through a partnership with Michigan Milk Producers Association (MMPA... Amul, India's leading dairy brand, has introduced four fresh milk variants in the US market through a partnership with Michigan Milk Producers Association (MMPA). This move marks Amul's first venture into exporting fresh milk outside India. Targeting the Indian diaspora and Asian communities in the US, Amul aims to establish a strong presence by focusing on branding and marketing efforts for the next few months. Additionally, GCMMF plans to expand its product offerings beyond fresh milk to include paneer, curd, and buttermilk in the near future. This strategic expansion aligns with GCMMF's history of exporting dairy products globally and reflects the growing demand for Indian dairy products in international markets.
Prime Minister Narendra Modi inaugurated the Start-up Mahakumbh event in New Delhi, highlighting India's thriving startup ecosystem and the government's support... Prime Minister Narendra Modi inaugurated the Start-up Mahakumbh event in New Delhi, highlighting India's thriving startup ecosystem and the government's support for entrepreneurship. He praised the growth of startups across diverse sectors and smaller cities, emphasizing the changing mindset towards startups and youth empowerment. The Digital India initiative and UPI have significantly boosted fintech startups and financial inclusion. India's leadership in AI and global opportunities were also emphasized, with initiatives like Startup-20 and the National Quantum Mission driving innovation and investment in the AI industry.