Indonesia aims to launch initial public offerings for the upstream and geothermal units of state energy firm Pertamina next year to fund expansion, a senior government official told parliament on Wednesday. Pertamina Hulu Energi, the upstream unit of Pertamina, is expected to sell a 10% to 15% stake in an IPO next year and had conducted initial “sounding out” of potential investors, deputy state-owned enterprise minister Pahala Mansury told… Continue reading Indonesia plans IPOs for state energy firm Pertamina’s two units next year
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India’s nationwide 5G rollout plan could hit turbulence due to aircraft interference concerns
India just started rolling out 5G networks after much anticipation and years-long delay. Service operators expect to bring next-generation cellular connectivity to every town in the world’s second-largest wireless market by as early as the end of 2023. But while the rollout is currently at its initial phase, New Delhi last week directed telecom operators… Continue reading India’s nationwide 5G rollout plan could hit turbulence due to aircraft interference concerns
Microsoft vows to bring ‘Call of Duty’ to Nintendo consoles
Microsoft vows to bring Call of Duty to Nintendo and to continue making it available on the latter’s consoles for 10 years if its Activision Blizzard acquisition pushes through. Phil Spencer, Microsoft Gaming’s CEO, has announced the company’s commitment on Twitter, adding that “Microsoft is committed to helping bring more games to more people —… Continue reading Microsoft vows to bring ‘Call of Duty’ to Nintendo consoles
Blackstone’s credit fund hits withdrawal limit, but investors allowed to cash outThis is the first time the fund’s redemption requests had reached the…
Blackstone Inc said redemptions from its $50-billion non-traded business development company reached its pre-set limit for the first time, but investors were still allowed to cash out on their investments. This is the first time redemption requests had reached the pre-set limit of 5% since Blackstone launched the product in January last year. It also comes after Blackstone announced last… Continue reading Blackstone’s credit fund hits withdrawal limit, but investors allowed to cash outThis is the first time the fund’s redemption requests had reached the…
India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefit
Moglix is in discussions to raise $100-150 million from new and existing investors, while Investcorp is close to leading a $45-million funding round in Wakefit, Mint reported. Kimera could lead Moglix’s round B2B e-commerce platform for manufacturing goods, Moglix, is in discussions to raise $100-150 million from new and existing investors in a fresh round… Continue reading India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefit
Tesla says it is adding radar in its cars next month amid self-driving suite concerns
Tesla told the FCC that it plans to market a new radar starting next month. The move raises even more concerns about potentially needed updates to its hardware suite to achieve the promised self-driving capability. Since 2016, Tesla has claimed that all its vehicles produced going forward have “all the needed hardware” to become self-driving… Continue reading Tesla says it is adding radar in its cars next month amid self-driving suite concerns
Elon Musk tells Biden Tesla is opening its Supercharger network, but how?
Elon Musk told President Biden that Tesla is opening its Supercharger network, but the plan has been unclear since Tesla opened its charge connector. Over the last year, Tesla has been working to open its Supercharger network to non-Tesla electric vehicles. In Europe, Tesla has already opened hundreds of stations in most countries it operate… Continue reading Elon Musk tells Biden Tesla is opening its Supercharger network, but how?
Vietnam-based HDBank plans to raise $500m via convertible bondsIn 2020 and 2021, HDBank also issued convertible bonds worth $325 million.
Vietnamese commercial lender HDBank is seeking to raise $500 million via convertible bonds, and to increase its foreign ownership limit from 18% to 20%, according to a statement. The plan is subject to approval from the bank’s shareholders. The bank will use the proceeds from the issuance for its medium- and long-term capital needs, enhancing… Continue reading Vietnam-based HDBank plans to raise $500m via convertible bondsIn 2020 and 2021, HDBank also issued convertible bonds worth $325 million.
Cleantechnica: Tesla Model S Tops Euro NCAP Safety Test 002435
Just months after the Tesla Model Y earned the highest score in history on one European safety index, another car in the automaker’s lineup has set another new benchmark. This time, the luxury Model S sedan has burst through the European New Car Assessment Program’s (Euro NCAP’s) safety score ceiling, surpassing even the Model Y’s… Continue reading Cleantechnica: Tesla Model S Tops Euro NCAP Safety Test 002435
Clean Technica: UK Plug In EVs Take 27.7% Share — Tesla Model Y Bestseller 002434
The UK auto market saw plugin electric vehicles take 27.7% share in November, down from 28.1% year on year. Full electric share grew YoY, but was outweighed by plugin hybrids’ decline. Overall auto volumes were up over 23% YoY, to 142,889 units, though still almost 9% down on 2019 seasonal levels. The Tesla Model Y… Continue reading Clean Technica: UK Plug In EVs Take 27.7% Share — Tesla Model Y Bestseller 002434