About Author : Hrishikesh Kadam

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowledge and expertise to pen down articles for Business NewsUpdate and similar news portals.

Contribution by Hrishikesh Kadam

RLX upgrades Sunflower System to mandate age verification in stores

RLX Technology, a China-based e-vapor company, has recently announced the latest upgrade of Sunflower System, its minor protection system, in an event held in Yanji, China. This minor protection system combining artificial intelligence and big data ...

British automaker Lotus Cars looking to reinforce its presence in China

British sports car manufacturer Lotus Cars Limited is reportedly planning to open at least 70 new showrooms in China by 2024 to better take on its arch-rival Porsche, the German automotive giant.  The company is also expected to begin operating ...

Allianz penalized USD 1.12 Mn over misleading travel insurance sales

An Australian court penalized German multinational financial services company Allianz SE and its affiliated company AWP Australia Pty Ltd. with USD 1.12 million for engaging in misleading conduct when selling travel insurance through Expedia websites...

Clean Power Alliance signs PPA with EDF Renewables North America

EDF Renewables North America (EDFR) has reportedly announced a 15-year PPA (Power Purchase Agreement) with Clean Power Alliance (CPA) for the Desert Quartzite Solar-plus-Storage project. The project comprises a 600 MWh BESS (battery energy storage s...

Apple loosens App Store payment policy for Netflix, Spotify, and others

Apple Inc. will reportedly loosen the App Store payment rules which have banned platforms such as Spotify and Netflix from providing customers with a link to create paid accounts as a way to bypass the company’s in-app purchase commissions. Th...

Australia inks vaccine swap deal with Singapore amidst Delta surge

The Australian government has secured a COVID-19 vaccine swap deal with Singapore, for 500,000 doses of the Pfizer jabs to curtail the unrelenting coronavirus infections across the nation. Scott John Morrison, the Prime Minister of Australia comment...

Yahoo shuts down news websites due to new FDI regulations in India

Yahoo, a web services company, has reportedly shut down its news websites in India to stay in compliance with the new FDI (foreign direct investment) rules. These new rules limit foreign ownership of the media companies that publish digital content i...

FAA to grant USD 35 million to lower airport emission levels in U.S.

The Federal Aviation Administration (FAA) is making a push to reduce airport emissions in the U.S. by allocating around USD 35 million to reduce pollution. Gas burning vehicles and other on-the-ground equipment around airports are known to create ha...

Edtech startup Vedantu joins unicorn club with USD 100 million funding

Indian online tutoring firm Vedantu is in advanced discussions to raise USD 100 million, amassing a valuation of a billion dollars post-funding, instead of reported acquisition by Byju’s. Existing investors GGV Capital, Coatue Management, and ...