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
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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 plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
The operations are expected to open during the first half of 2025, with an annual production capacity of 300,000 vehicles, Go to Source
More people are dying on U.S. roads, even as cars get safer. Here’s why it’s a tough problem to solve
The increase in fatalities stems from a combination of factors including reckless or distracted driving and record levels of vehicle performance and weight. Go to Source
EVs are avoiding about 3% of global oil demand—a fifth of Russia’s total exports
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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
German FAZ: Ford threatens sales ban in Germany003388
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ABB and Siemens back Norwegian battery start-up
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