Category: Tech News

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India’s top court quashes pleas on further probe into Adani Group

The verdict signals there will not be increased regulatory or legal risk on the Adani group beyond the current SEBI investigation. Reflecting that view, shares of Adani companies were up between 1% and 7% after the ruling. The court, ruling on cases brought forward by public interest litigants, also said there was no need for… Continue reading India’s top court quashes pleas on further probe into Adani Group

China’s BYD to roll out multi-million-dollar dealer incentives

BYD, which outsold Tesla in electric car sales globally for the first time in the fourth quarter, will hand out rewards totaling billions of yuan to its Chinese dealers, according to two dealers with knowledge of the matter. The Chinese automaker will pay 666 yuan ($93.17) per car to the dealers if they have achieved… Continue reading China’s BYD to roll out multi-million-dollar dealer incentives

Malaysia’s Khazanah invests in SME financing platform Funding SocietiesFunding Societies aims to expand its Malaysia coverage to areas beyond Kuala Lu…

Malaysian sovereign wealth fund Khazanah Nasional has invested an undisclosed amount in Southeast Asian digital lending platform Funding Societies. In a joint statement on Wednesday, Khazanah said the investment will help it broaden financial access to businesses, especially micro, small and medium enterprises (MSMEs) currently unserved by financial institutions. Malaysian fintech company CGC Digital Sdn… Continue reading Malaysia’s Khazanah invests in SME financing platform Funding SocietiesFunding Societies aims to expand its Malaysia coverage to areas beyond Kuala Lu…

People Digest: BYJU’s group general counsel quits; CEOs of Indus OS, KnowledgeHut step down

BYJU’s group general counsel Roshan Thomas has resigned from his position, while the CEOs of upGrad-owned edtech Knowledgehut, and PhonePe-owned app recommendations platform Indus OS have stepped down. BYJU’s group general counsel Roshan Thomas has resigned from his position after a two-and-a-half-year stint at the Indian edtech firm, according to a LinkedIn post. The exit… Continue reading People Digest: BYJU’s group general counsel quits; CEOs of Indus OS, KnowledgeHut step down

This new fingerprint smart lock is the first to support Matter-over-Thread

/ U-tec’s latest Ultraloq Bolt smart lock adds a Matter-over-Thread version, alongside Wi-Fi and Apple Home Key models. By Jennifer Pattison Tuohy, a smart home reviewer who’s been testing connected gadgets since 2013. Previously a writer for Wirecutter, Wired, and BBC Science Focus. Share this story If you buy something from a Verge link, Vox… Continue reading This new fingerprint smart lock is the first to support Matter-over-Thread

China Evergrande’s EV share sale deal with Dubai-based NWTN lapsesNeither party agreed on the extension of the long stop date.

A share sale plan between China Evergrande New Energy Vehicle Group, the electric vehicle arm of property developer China Evergrande, and US-listed NWTN has lapsed, according to a Hong Kong stock exchange filing on Monday. As neither party agreed on the extension of the long stop date, which is the last day of 2023, Evergrande… Continue reading China Evergrande’s EV share sale deal with Dubai-based NWTN lapsesNeither party agreed on the extension of the long stop date.

Asia Digest: Hillhouse Capital buys out SK Eco Prime; Micoworks secures Series B round

Private equity firm Hahn & Co has completed its sale of SK Eco Prime to Hillhouse Capital, while Japanese startup Micoworks has raised about $24.5 million in Series B funding. South Korean PE firm Hahn & Co exits SK Eco Prime Singapore-headquartered private equity firm Hillhouse Capital has acquired a 100% stake in biodiesel manufacturer… Continue reading Asia Digest: Hillhouse Capital buys out SK Eco Prime; Micoworks secures Series B round

Tesla rolls out record cars in Q4, but China’s BYD overtakes in EV race

Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker to China’s BYD. Tesla delivered 494,989 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed over – mostly in… Continue reading Tesla rolls out record cars in Q4, but China’s BYD overtakes in EV race

Clean Technica: Should Tesla’s Footprint Expand So The Company Can Grow?003175

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Cathie Wood’s Ark Invest team focused quite a bit on the Tesla brand in late 2023. One of their newsletters admonished GM and Ford, arguing that slowing the path toward EVs is a mistake — one that will only… Continue reading Clean Technica: Should Tesla’s Footprint Expand So The Company Can Grow?003175