Month: January 2024

Electric vehicle sales zooms 49 percent to 1.52 million units in 2023

In the short-term, OEMs are likely to continue the shift from performance-centered to price-centered EVs as the market slows, leveraging strategies to expand sales of cost-effective EVs with Chinese LFP batteries.

Latest report from the Federation of Automobile Dealers’ Association (FADA) indicates EV sales rose 114.16 percent year-on-year to 5,673 units in 2023 compared to 2,649 vehicles in the preceding year.

Fake news and misinformation to be top talk points at upcoming World Economic Forum

The White Paper also encapsulates insights on this complex issue, gathered from a cross-section of businesses across sectors including organizations such as HUL, Google, Dream11, Pepsico, MakeMyTrip, White Rivers Media, Pidilite, UB and Leadsquared.

According to a poll conducted by the forum, over 1400 risk experts, policymakers and industry leaders consider misinformation and disinformation as the top threats facing the global economy in the short term.

Some of the themes of 2023 such as AI and Green will continue to engage marketers in 2024: Tonic Worldwide

According to GIPSI, the HI+AI insights division of Tonic Worldwide’s annual new year insights report, just like engineering sleep solutions, consumers are also looking up for other trends such as AI, going green, gender equality across digital platforms. (Representative Image: Steve Johnson via Unsplash)

Tonic Worldwide’s new report touches upon behavioural insights that are both relevant and actionable for businesses across verticals in 2024.

Star Exodus: 15-20 executives quit Star Sports before IPL

These departures come at a crucial juncture for Star Sports, especially considering the challenging financial landscape. (Representative Image: Grant Durrs via Unsplash)

The departures are a result of various factors that include recent talks of Disney planning to sell off its India business and the division of TV and digital rights for IPL.

Vibrant Gujarat: Zerodha’s Nikhil Kamath credits PM Narendra Modi for boosting the Indian startup ecosystem

The episode delved into the intricacies of energy transition, emphasizing the critical role of renewable energy sources, such as solar, nuclear, and wind, in combating climate change. (Image source: Forbes India)

At 10th edition of the Vibrant Gujarat Summit, the celebrity startup founder said, India has already arrived, as big changes have happened in the country’s entrepreneurial landscape over the last 10 years.

Meta to hide more content from teens on Instagram and Facebook

The Mark Zuckerberg-led company said the FTC has failed to meet its burden to present evidence establishing a relevant antitrust market and proving that it has included all reasonable substitute services in its market definition. (Representative image by Dima Solomin via Unsplash)

Meta’s decision will make it more difficult for teens to come across sensitive content such as suicide, self-harm and eating disorders when they use features like Search and Explore on Instagram, as reported by Reuters.

Amazon acquired livestreaming platform Twitch set to layoff at least 500 employees

In December, Twitch Chief Executive Officer Dan Clancy said the company would cease operations in South Korea, where the costs are “prohibitively expensive," according to a blog post he wrote. (Image source: CNBCTV18)

In 2023, several top executives announced their departures, including Twitch’s chief product officer, chief customer officer and chief content officer. Twitch also lost its chief revenue officer, who worked on Twitch from within Amazon’s Ads unit.