Tube Investments (TI), the flagship company of Murugappa Group, is moving on from being just a component supplier to the auto industry and looking to play a much larger role in the e-mobility segment by getting into manufacturing of electric three wheeler and tractors. While the three-wheeler brand identified as Montra is expected to get… Continue reading Tube Investments to foray into e-three wheeler and e-tractors
Category: Automotive
Texas heatwave and energy crunch curtails Bitcoin mining
Bitcoin miners in the Lone Star State are powering down this week as a punishing heatwave stresses the power grid. Texas’ grid operator asked residents and businesses to conserve energy on Monday with “extreme hot weather driving record power demand across Texas.” Bitcoin mining companies in the state responded by turning off their machines that… Continue reading Texas heatwave and energy crunch curtails Bitcoin mining
NIO Power Day 2022 & VWAGY’s $20B Battery Bet Rule EV Roundup Headlines
The electric vehicle (EV) revolution is gaining steam, with companies leaving no stone unturned to establish a strong foothold in this domain. Legacy automakers are stepping up e-mobility investment and setting ambitious targets to electrify their fleet. With batteries serving as the secret sauce for EVs, automakers are rapidly boosting their investments in battery production.… Continue reading NIO Power Day 2022 & VWAGY’s $20B Battery Bet Rule EV Roundup Headlines
NIO conducts own probe into Grizzly short-seller report, retains forensic accounting firm
Reuters Expanding Israeli West Bank settlements test U.S. ahead of Biden visit JORDAN VALLEY, West Bank (Reuters) -Steps away from a cluster of Palestinian tents and shacks in the northern Jordan Valley in the occupied West Bank, trucks worked in full force to prepare for the construction of a school for Israeli settlers. The settlement… Continue reading NIO conducts own probe into Grizzly short-seller report, retains forensic accounting firm
BYD slumps on chatter Buffett’s Berkshire may have cut stake
(Reuters) – Hong Kong shares of BYD Co Ltd recorded their worst day in 20 months on Tuesday after Citibank’s increased holding of the Chinese EV firm’s stock sparked market chatter that Warren Buffett’s Berkshire Hathaway may have cut its stake. Citibank’s shareholding in BYD has increased by 225 million shares to 388.61 million shares… Continue reading BYD slumps on chatter Buffett’s Berkshire may have cut stake
Amazon’s Cloud Unit Is What’s on Sale This Prime Day
(Bloomberg) — Amazon.com Inc.’s Prime Day may grab headlines, but investors are much more focused on its fast growing cloud-computing and advertising services businesses. Most Read from Bloomberg The two-day shopping event, which starts Tuesday, comes as the tech giant’s retail business faces weaker consumer demand amid a looming recession. Bulls, however, say e-commerce headwinds… Continue reading Amazon’s Cloud Unit Is What’s on Sale This Prime Day
Is Warren Buffett Selling? Stock in BYD, a Tesla Rival, Is Down.
Reuters Cryptoverse: Shrimps and whales keep bitcoin afloat Shrimps, investors that hold less than 1 bitcoin, are collectively adding to their balance at a rate of 60,460 bitcoin per month, the most aggressive rate in history, according to an analysis by data firm Glassnode. Whales, those with more than 1,000 bitcoin, were adding 140,000 coins… Continue reading Is Warren Buffett Selling? Stock in BYD, a Tesla Rival, Is Down.
FanDuel Hosts 2022 FanFest in Chicago Featuring Performances by Wiz Khalifa and Alesso
Event will celebrate Chicago fans on September 10 at Guaranteed Rate Field CHICAGO, July 12, 2022 /PRNewswire/ — FanDuel Group, the premier sports gaming destination in the United States, announced today that tickets are now on sale for its 2022 FanDuel FanFest event on Saturday, September 10 at Guaranteed Rate Field from 2 – 9… Continue reading FanDuel Hosts 2022 FanFest in Chicago Featuring Performances by Wiz Khalifa and Alesso
La course Empire State Building Run-Up revient le 6 octobre 2022, présentée par Turkish Airlines et animée par la Challenged Athletes Foundation
Les inscriptions pour la course historique dans les escaliers de l’Empire State Building débuteront le 11 juillet à midi NEW YORK, 12 juillet 2022 /PRNewswire/ — L’Empire State Building (ESB) a annoncé aujourd’hui que l’Empire State Building Run-Up 2022 (ESBRU) (présentée par Turkish Airlines et animée par la Challenged Athletes Foundation) aura lieu le 6 octobre 2022 à… Continue reading La course Empire State Building Run-Up revient le 6 octobre 2022, présentée par Turkish Airlines et animée par la Challenged Athletes Foundation
Auto Financial Group Announces Q2 2022 Results
HOUSTON, July 12, 2022 /PRNewswire/ — Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q2 2022 today. In the second quarter of 2022, AFG signed four new credit unions to its Walk-Away Balloon Lending Program: First Service Credit Union, Allied… Continue reading Auto Financial Group Announces Q2 2022 Results