Tata Motors is committed to using renewable energy in is operations Tata Power and Tata Motors have joined hands for the development of a 7 MWp solar rooftop project at Tata Motors’ Passenger Vehicle Plant in Chikhali, Pune. This is the third phase of a joint 17 MWp on-site solar project developed by the two… Continue reading Tata Motors partners Tata Power for roof top solar plant
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Greatest road tests ever: Mercedes-Benz 300SL-24
Despite its stratospheric price, the R129-gen Mercedes-Benz SL had a three year waiting list when we tested the six-cylinder automatic in 1990. But we couldn’t quite understand why. The 300SL-24 auto used the world’s first five-speed self-shifter. It employed an extra planetary gear set as an overdrive ratio and worked beautifully with the exceptionally smooth… Continue reading Greatest road tests ever: Mercedes-Benz 300SL-24
Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market
Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% are passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is 3:1. But the used cars market isn’t only enormous in Egypt; it is in almost every country with a… Continue reading Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market
AMD’s Ryzen 7000 desktop chips are coming this fall with 5nm Zen 4 cores
AMD’s upcoming Ryzen 7000 chips will mark another major milestone for the company: they’ll be the first desktop processors running 5 nanometer cores. During her Computex keynote presentation today, AMD CEO Lisa Su confirmed that Ryzen 7000 chips will launch this fall. Under the hood, they’ll feature dual 5nm Zen 4 cores, as well as… Continue reading AMD’s Ryzen 7000 desktop chips are coming this fall with 5nm Zen 4 cores
Metaverse app BUD raises $37m in second funding round in just 3 months …
BUD, a virtual platform that allows users to create and share 3D interactive content with friends, has raised $36.8 million in its second funding round in three months, led by Sequoia Capital India. It had raised a $15-million Series A round in February, and with the latest new infusion, BUD’s total financing has reached over… Continue reading Metaverse app BUD raises $37m in second funding round in just 3 months …
Philippine tech retailer Upson International files for up to $103m IPO
Upson International Corp (UIC), the largest retailer of personal computers and information technology products in the Philippines, said on Monday it has filed for an IPO of up to 5.4 billion pesos ($103.81 million). UIC plans to offer up to 986.8 million shares, including an over-allotment option of up to 98.7 million shares, at a maximum price of 5.50 pesos ($0.11) each. In Philippine filings, prices of initial public offerings (IPOs) are typically set above… Continue reading Philippine tech retailer Upson International files for up to $103m IPO
Vantage Point: GoTo’s capital raising plan may take pressure off near-term US listing
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Japan’s Mitsui, Nomura to acquire Australian forestry asset manager New Forests
Japan’s diversified conglomerate Mitsui & Co and financial services group Nomura Holdings have agreed to acquire Australia-headquartered nature-based real asset manager New Forests. Mitsui, which has been a shareholder in New Forests since 2016 with a 23% stake, will increase its holding to 49%, and Nomura will become a 41% shareholder while the remaining 10%… Continue reading Japan’s Mitsui, Nomura to acquire Australian forestry asset manager New Forests
German Handelsblatt: Car manufacturer: BMW production manager: If the gas supply is reduced, the car industry is threatened with standstill004355
bmw The automotive industry needs natural gas for the drying ovens in the paint shop, among other things. (Photo: dpa) According to production director Milan Nedeljkovic, BMW is at risk of standstill if the gas supply is reduced. “Around 37 percent of German natural gas consumption is attributable to our branch of industry,” Nedeljkovic told… Continue reading German Handelsblatt: Car manufacturer: BMW production manager: If the gas supply is reduced, the car industry is threatened with standstill004355
Auto OEMs to invest USD 515 bn on EV-related technology, plant upgrades: Report
According to global technology intelligence firm ABI Research, auto OEMs will invest an estimated USD 515 billion in EV-related technologies and manufacturing plant upgrades over the next 5 to 10 years. New Delhi: Growth in the electric vehicle (EV) market worldwide has been particularly impressive over the last three years. Sales of electric cars hit… Continue reading Auto OEMs to invest USD 515 bn on EV-related technology, plant upgrades: Report