SHANGHAI, April 19 (Reuters) – Elon Musk has said the only thing holding back electric vehicle (EV) sales is their price. Companies like BYD (002594.SZ) are solving that problem in China – and getting ready to solve it for the world. China’s largest EV maker unveiled this week the Seagull at the Shanghai auto show,… Continue reading As EV costs tumble in China, an export wave builds, article with gallery
Tag: Morgan
Supreme Court won’t take on GM’s racketeering case against Stellantis
The U.S. Supreme Court will not take on a dismissed racketeering case General Motors brought against Fiat Chrysler Automobiles, now known as Stellantis. The denial was included in a daily order list from the court on Monday. The decision by the nation’s highest court would appear to signal the end for a federal lawsuit originally… Continue reading Supreme Court won’t take on GM’s racketeering case against Stellantis
U.S. Supreme Court won’t hear GM’s 2019 racketeering lawsuit against Fiat Chrysler
The U.S. Supreme Court has denied a request from General Motors Co. to hear its racketeering lawsuit against crosstown competitor Fiat Chrysler Automobiles, now known as Stellantis NV. GM in January asked the justices to review its claims against FCA after the U.S. 6th Circuit Court of Appeals in August affirmed a federal judge’s decision to toss… Continue reading U.S. Supreme Court won’t hear GM’s 2019 racketeering lawsuit against Fiat Chrysler
Warburg Pincus gets nod to buy 23% stake in China’s Zhong Ou
Warburg Pincus has received Chinese regulatory approval to buy a 23.3% stake in Zhong Ou Asset Management Co, as the U.S. private equity giant expands its foothold in China’s $3.8 trillion mutual fund market. Warburg Pincus said in a statement that once completed, the purchase will make it the biggest institutional shareholder in Zhong Ou. The firm is buying the stake from Italy’s Intesa Sanpaolo Bank. “Zhong Ou AMC has built up a strong business… Continue reading Warburg Pincus gets nod to buy 23% stake in China’s Zhong Ou
RBI’s plan to regulate penalties levied by banks will hurt their revenues: Morgan Stanley
The Reserve Bank of India‘s (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders’ revenues going forward, Morgan Stanley said. On Wednesday, the RBI issued a draft circular regarding charges related to loan accounts, aiming to promote transparency among regulated entities such as banks,… Continue reading RBI’s plan to regulate penalties levied by banks will hurt their revenues: Morgan Stanley
How GlüxKind Created Ella, the AI-Powered Smart Stroller
Imagine a stroller that can drive itself, help users up hills, brake on slopes and provide alerts of potential hazards. That’s what GlüxKind has done with Ella, an award-winning smart stroller that uses the NVIDIA Jetson edge AI and robotics platform to power its AI features. Kevin Huang and Anne Hunger are the co-founders of… Continue reading How GlüxKind Created Ella, the AI-Powered Smart Stroller
Liberty Hall Capital Partners Appoints Susan McKenna as Chief Executive Officer of Dunlop Aircraft Tyres
Shashank Dhawan also Joins as Chief Financial Officer CHARLESTON, S.C. and BIRMINGHAM, England, April 12, 2023 /PRNewswire/ — Liberty Hall Capital Partners (“Liberty Hall”), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced today the appointments of Susan McKenna to Chief Executive Officer and Shashank Dhawan… Continue reading Liberty Hall Capital Partners Appoints Susan McKenna as Chief Executive Officer of Dunlop Aircraft Tyres
Indian stock exchange NSE’s IPO plan hits regulatory hurdle
The National Stock Exchange of India’s (NSE) share listing plan will not be approved by the market watchdog until pending legal and regulatory cases involving the nation’s biggest bourse are resolved, two sources familiar with the matter said. The Securities and Exchange Board of India (SEBI) has formed an internal view that due to the… Continue reading Indian stock exchange NSE’s IPO plan hits regulatory hurdle
Indian-American doctor’s Jaunt Air plans to manufacture air taxis & drones in India by 2025
The first manufacturing unit is in the US and the second will be in India. We hope to start manufacturing them in both the countries by 2025. India could have flying taxis in the next four years as Indian-American businessman Chirinjeev Kathuria has announced that his company plans to set up a manufacturing unit in… Continue reading Indian-American doctor’s Jaunt Air plans to manufacture air taxis & drones in India by 2025
45th Annual BRIC Celebrate Brooklyn! Returns To Prospect Park This Summer
Opening Night Headliners Legendary Musician Taj Mahal and Corinne Bailey Rae The Head And The Heart Set To Close Out The Season L’Rain Confirmed As The First-Ever Artist Curator for The Highly Anticipated Annual Festival Series Community-Friendly Festival Kicks off Wednesday, June 7th through Thursday, August 24th. BROOKLYN, N.Y., April 10, 2023 /PRNewswire/ — The… Continue reading 45th Annual BRIC Celebrate Brooklyn! Returns To Prospect Park This Summer