A blank-check company backed by private equity firm TPG Inc said on Friday it plans to wind down its operations and return money to investors after failing to find a suitable target to merge with during market volatility. TPG Pace Beneficial Finance Corp said it would begin returning money to investors after reaching the two-year deadline for finding… Continue reading PE major TPG shutters SPAC after failing to find deal
Category: Automotive
Bankrupt crypto lender Voyager’s CFO to exit months after appointment
Voyager Digital Ltd Chief Financial Officer Ashwin Prithipaul is preparing to step down from his role within months of his appointment at the crypto lender that filed for bankruptcy in July. The company said on Friday the finance head would resign after a “transition period” to pursue other opportunities, and that Chief Executive Officer Stephen Ehrlich… Continue reading Bankrupt crypto lender Voyager’s CFO to exit months after appointment
FPIs pump in Rs 8,600 crore in September; pace of investment slows
After infusing more than Rs 51,000 crore last month, foreign investors have slowed down the pace of equity buying in India in September so far, as they invested a little over Rs 8,600 crore, on sharp depreciation in rupee. Going forward, Foreign Portfolio Investors (FPIs) are unlikely to buy aggressively amid rising dollar, VK Vijayakumar,… Continue reading FPIs pump in Rs 8,600 crore in September; pace of investment slows
Weakening rupee to make import of crude oil, commodities expensive, fuel inflation
New Delhi: The Indian rupee sliding to a historic low of 81.09 to a dollar will make import of crude oil and other commodities expensive further fueling inflation which for the past several months has remained above the Reserve Bank’s upper tolerance level of 6 per cent. The pressure on the domestic currency, which is… Continue reading Weakening rupee to make import of crude oil, commodities expensive, fuel inflation
IIT (ISM) researchers develop dynamic EV charging prototype
Dhanbad: A research group of the electrical engineering department of IIT (ISM), Dhanbad, has developed the model of a hybrid renewable energy driven bi-directional wireless charging system that ensures charging of electric vehicles in static as well as dynamic conditions. Rajni Singh, a professor who is also the dean (media and branding) of the institute,… Continue reading IIT (ISM) researchers develop dynamic EV charging prototype
Automotive rebrands make no sense | GRR – Goodwood Road and Racing
Over the last few weeks a couple of the most established and revered names in automotive history have bizarrely chosen to follow the recent and perplexing fad for unnecessarily changing their corporate logos, for seemingly no convincing or rational reason. Go to Source
Porsche gears up for IPO thrills but dealmakers are stuck in the slow lane
Porsche gears up for IPO thrills but dealmakers are stuck in the slow lane Volkswagen needs the cash and wants to catch up with Ferrari but there may be less to this deal than meets the eye Porsche is chasing a value of €75bn at its IPO in Frankfurt on Thursday. Photograph: Brendan McDermid/Reuters Porsche… Continue reading Porsche gears up for IPO thrills but dealmakers are stuck in the slow lane
iPhone 14 Pro packs a lot more innovation for the same price as last year
Pros Dynamic Island is fresh and more practical than the notch New 48-megapixel camera is a Pro-level upgrade A16 Bionic chip continues to impress iPhone price remains unfazed by inflation Cons Forcing eSIM adoption is an anti-consumer move Subpar battery life on the smaller Pro Always-on display can be bright and distracting 3X optical zoom… Continue reading iPhone 14 Pro packs a lot more innovation for the same price as last year
EV maker Leapmotor set to raise $800m in Hong Kong IPO — less than target: reportThe IPO could still be the largest in Hong Kong so far in 2022.
China electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48 ($6.12) each in its Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. While that is less than the $1.03 billion the EV maker had said it was… Continue reading EV maker Leapmotor set to raise $800m in Hong Kong IPO — less than target: reportThe IPO could still be the largest in Hong Kong so far in 2022.
Grab does not see the need to undertake mass layoffs despite weak market
Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. Chief Operating Officer Alex Hungate said that earlier in the year, Grab had been worried about a global recession and was “very careful and… Continue reading Grab does not see the need to undertake mass layoffs despite weak market