Tesla tops USD 1 trillion in value after Hertz orders for 100,000 EVs

Tesla has reportedly surpassed USD 1 trillion in valuation after rental car giant Hertz Corporation issued an order for 100,000 EVs as a part of its plan to electrify its entire fleet. This is considered to be the single largest order place....

Honda Motorcycle plans to launch its first EV in the coming fiscal year

Honda Motorcycle and Scooter India Private Limited (HMSI) is reportedly planning to launch its first electric vehicle in India in the upcoming fiscal year. The decision to foray into the EV segment will be finalized following a detailed dis....

Spotify to allow access to all creators in its video podcast platform

Audio streaming giant Spotify has announced the launch of its video podcast feature, which will be provided by its self-publishing podcast division, Anchor. According to sources, the feature will initially be offered on a rolling basis whe....

China unveils plans to reinforce stringent safety standards for EVs

This news comes amid rising incidences of battery fires and breaks failures. China will require automakers to have a 24-hour emergency response system to address major accidents. China is planning to reinforce strict safety standards f....

U.K.’s competition regulator might look into the music streaming space

The Competition and Markets Authority of the U.K. has revealed plans to launch a probe targeting the country’s music streaming market to ascertain if it is sufficiently consumer-centric and competitive. The announcement came after a ....

Facebook testing new option for cross-posting content to Instagram

Facebook, Inc is reportedly testing an option that will allow users to cross-post their photos, videos, and other posts on their Instagram. It already has the feature to let people cross-post their Instagram content to Facebook. This upcom....

India’s vaccination drive slows down as dose gap holds back output

India’s vaccination efforts have reportedly slowed down despite stockpiling vaccines as authorities are maintaining a more than usual gap between two shots. This is a part of the strategy to boost vaccine coverage in the country. The....

McDonald’s to test McPlant meatless burger at eight U.S. restaurants

The McPlant patty is developed in collaboration with Beyond Meat Inc. It will be prepared using vegetarian ingredients like peas, potatoes, and rice. McDonald’s will reportedly start offering its first vegetarian option in the U.....

Moderna failed to meet FDA’s requirements for COVID-19 booster vaccines

Scientists from the U.S. Food and Drug Administration (FDA) claimed that Moderna did not meet all the requirements to support the use of COVID-19 booster shots. This is because the first two shots already showed a strong efficacy rate. Doc....

General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

GM will recover almost all the costs from the recall of its Bolt EV models. Despite the EV battery manufacturing mishap from LG, the two companies will continue to work together. General Motors (GM) has agreed to recover around USD 1.9....