Why regulators love Nuro’s self-driving delivery vehicles

Nuro’s delivery autonomous vehicles (AVs) don’t have a human driver on board. The company’s founders Dave Ferguson (president) and Jiajun Zhu’s (CEO) vision of a driverless delivery vehicle sought to do away with a lot of the stuff that is essential for a normal car to have, like doors and airbags and even a steering… Continue reading Why regulators love Nuro’s self-driving delivery vehicles

Tesla slides 5% after the US opens a new investigation into Autopilot crashes (TSLA)

Zhe Ji/Getty Images Tesla stock fell Monday on reports the US’s auto-safety regulator is starting a new investigation into the company’s Autopilot system. The NHTSA will look into an estimated 765,000 Tesla Models Y, X, S, and 3 from 2014 to 2021. The agency has identified 11 crashes involving Tesla vehicles at first-responder scenes. See… Continue reading Tesla slides 5% after the US opens a new investigation into Autopilot crashes (TSLA)

Several IPO-bound Indian companies hit by last-minute lawsuits, complaints …

High-profile companies bound for public listings have been hit by surprise lawsuits and complaints from former insiders and vendors alleging breach of past contracts and non-payment of dues, creating uncertainties for the timelines of their initial public offerings (IPO) and casting doubts over their post-listing share performance. Companies feel these are attempts to create hurdles in… Continue reading Several IPO-bound Indian companies hit by last-minute lawsuits, complaints …

Patanjali-owned Ruchi Soya gets Indian regulator’s nod for $580m FPO to pare debt

“The approval came in on Saturday,” the person said. With the regulator’s approval in hand, the company is looking to launch the share sale soon, as early as next week, he added. “They are in a rush to launch. The pricing will be finalized close to the launch date,” he said. Ruchi Soya had filed… Continue reading Patanjali-owned Ruchi Soya gets Indian regulator’s nod for $580m FPO to pare debt

Analysts expect more pressure as Malaysia’s political turmoil drives away investors

Malaysia’s currency fell to a one-year low on Monday and analysts forecast further pressure on the country’s financial markets as the prime minister’s resignation raised the prospect of protracted political instability and uncertainty. PM Muhyiddin Yassin said he quit after losing the confidence of parliament, though Malaysia’s king said he will remain caretaker leader until a replacement is found.… Continue reading Analysts expect more pressure as Malaysia’s political turmoil drives away investors

Aramco in talks to buy 20% stake in Reliance’s oil refining, chemicals biz

Saudi Aramco is in advanced talks to acquire a roughly 20% stake in Reliance Industries Ltd’s oil refining and chemicals business for about $20 billion to $25 billion in Aramco‘s shares, Bloomberg News reported on Monday. An agreement could be reached as soon as the coming weeks, according to the report which cited people with knowledge of the matter. Aramco and Reliance declined to comment. Reliance announced a sale of a 20%… Continue reading Aramco in talks to buy 20% stake in Reliance’s oil refining, chemicals biz

India: ASK Investment Managers launches flexicap Alternate Investment Fund

ASK Investment Managers Ltd. has launched digital onboarding for its Alternate Investment Fund (AIF), the first of its kind in the industry. The ASK Emerging Opportunities Fund, a close-ended Category-III, long-only AIF is a flexi-cap portfolio with a mid-cap bias and will invest in listed Indian equities. With the government’s focus on Atmanirbhar Bharat and… Continue reading India: ASK Investment Managers launches flexicap Alternate Investment Fund

How drones are changing our view of sharks

A quick Google search for “sharks” drums up a sampling of headlines of recent sightings. “Leopard Sharks Return to La Jolla Waters in Droves,” reads one, while another highlights a “cluster of juvenile great white sharks off Pacific Palisades coast.” There’s been a steady stream of these kinds of stories all summer: sharks swimming eerily… Continue reading How drones are changing our view of sharks

US government opens probe into Tesla Autopilot crashes with emergency vehicles

The US National Highway Traffic Safety Administration (NHTSA) has opened a probe into Tesla’s Autopilot software, citing the cars’ repeated collisions with parked emergency vehicles. The NHTSA investigation will cover Tesla Models Y, X, S, and 3 vehicles released from 2014 through 2021. The federal agency says since 2018 it has logged 11 incidents (which… Continue reading US government opens probe into Tesla Autopilot crashes with emergency vehicles