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Government Invites Tenders For Electric Cars and Charging Stations

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The Government of India in an effort to reach their goal of 100% electric vehicles by 2030, has invited tenders from electric vehicle (EV) makers for up to 10,000 EVs. These cars will reportedly be released in the National Capital Region (NCR,) within the next six to eight months.

Tata Motors, Renault, Hyundai, Nissan, Maruti Suzuki and Mahindra & Mahindra have already shown interest in collaborating with the government for this project. Along with a tender for 10,000 electric cars, the government is also looking to invite bids for close to 4000 charging stations in Delhi NCR.

State owned Energy Efficiency Services Ltd., (EESL) has invited global bids for electric vehicles which will also be used by government departments. EESL will buy the electric vehicles in two phases as a part of a bigger initiative. A news daily reported the government aims at putting more than 1 million electric three wheelers and 10,000 electrically powered city buses on the country’s roads by mid 2019.

Speaking about the development, Managing Director at Energy Efficiency Services Limited (EESL), Saurabh Kumar said they will initially start small and scale up the program later. “We are testing a business model. This is a signal to the industry that government is serious about it. And 10,000 EVs is just the starting,” he added. According to sources, the electric rickshaws will have a speed limit below 25 KM per hour and will be able to seat four passengers excluding the driver. The electric autos will be able to cover larger distances with a speed limit of 45 KM per hour.

These vehicles will be procured by EESL and leased out to aggregators to be deployed in the market. The bidding on the tender will be conducted on September 25 and the tender will be awarded on 30 September. Piyush Goyal recently announced that their aim was to make India the first country of its size to have 100 per cent electric cars by 2030.

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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