Hindustan Motors to Set Up Joint Venture With European Partner, Launch Electric 2-Wheelers by 2023

Hindustan Motors has announced that it expects to set up a joint venture with a European partner and manufacture electric two-wheelers by 2023. According to a company official, after formation of the new entity, the pilot run of the project will take place after two quarters, while that the final product is likely to be…

Zomato Shares Fall Over 20 Percent After Blinkit Acquisition Announcement

Zomato’s shares have fallen over 20 percent since the company announced its acquisition of instant delivery platform Blinkit on June 24. In a move that appears to have not gone down well with investors, Zomato last week approved a proposal to acquire the cash-strapped quick commerce company Blinkit (previously known as Grofers) for Rs 4,447…