India: Paytm payments bank says central bank may lift curbs in 3-5 months

India’s Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters. In March, the Reserve Bank of India ordered a comprehensive audit of the company’s IT systems, citing “material” supervisory concerns, without elaborating further,… Continue reading India: Paytm payments bank says central bank may lift curbs in 3-5 months

Vietnam sacks head of the country’s main stock exchange over “wrongdoing”

Vietnam has fired general director of its main Ho Chi Minh Stock Exchange (HoSE), the government said on Saturday, as the country intensifies a long-running crackdown on officials it accuses of graft. Le Hai Tra, 47, was dismissed for “having committed serious violations and wrongdoings”, the government said in a statement, without elaborating. He was also… Continue reading Vietnam sacks head of the country’s main stock exchange over “wrongdoing”

Waymo is expanding its driverless program in Phoenix

Waymo is pulling the human safety driver out of its recently expanded robotaxi operations in downtown Phoenix, Dmitri Dolgov, co-CEO of Waymo, announced on the TechCrunch Sessions: Mobility stage on Wednesday.  “We will be starting fully autonomous, rider-only operations in the downtown Phoenix area that will…be on the fifth generation of our system on the… Continue reading Waymo is expanding its driverless program in Phoenix

Elon Musk says Tesla will have self-driving cars without need for human driver this time next year

Elon Musk told reporters in Brazil that Tesla will have self-driving cars without the need for human drivers behind the wheel for supervision or at all really around this time next year. It’s Musk’s latest timeline on Tesla’s full self-driving effort, but he has been wrong about those in the past. The Tesla CEO was… Continue reading Elon Musk says Tesla will have self-driving cars without need for human driver this time next year

Hyundai is building EV and battery production facilities in Georgia

Hyundai is building facilities dedicated to manufacturing electric vehicles (EVs) and batteries in Savannah, Georgia, marking Hyundai’s first EV-only plant in the US (via CNBC). The South Korean automaker will spend $5.5 billion on the new facilities and will receive an additional $1 billion investment from its suppliers. Hyundai expects production at the 2,923-acre site… Continue reading Hyundai is building EV and battery production facilities in Georgia