Shares of the already-battered Paytm dropped around 10% in morning trade on the Indian bourses on Thursday, following reports that Japanese conglomerate SoftBank Group is looking to sell shares worth $200 million. The one-year lock-in period for investors in the fintech firm, which listed on November 18 2021, will soon end. SoftBank had invested $1.6… Continue reading Shares of India’s Paytm slide as SoftBank looks to sell stake worth $200m
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MILAN, Nov 17 (Reuters) – Carmaker Stellantis (STLA.MI) said on Thursday it had agreed to buy aiMotive, a Hungary-based developer of advanced artificial intelligence and autonomous driving software, to advance its technology development efforts. No financial details of the transaction were disclosed. The acquisition enhances Stellantis’ artificial intelligence and autonomous driving core technology, expands its… Continue reading Untitled
Uno Minda Group looking to consolidate manufacturing operations
To consolidate its flourishing manufacturing operations which are presently spread over 66 plants in key automotive hubs across India, the Gurugram-headquartered Uno Minda Group is planning to adopt a lean-footprint approach in the future. The company, which recently outlined an investment of Rs 400 crore over the next five years in a new greenfield LED… Continue reading Uno Minda Group looking to consolidate manufacturing operations
Cleantechnica: Zoom Video Calls From Your Tesla Coming Soon 002376
Many of the apps featured on Tesla’s touchscreen infotainment center are useful, especially for times when you’re charging but want to be entertained or even get some work done. Video conferencing from inside a Tesla will soon be added to the car’s available features according to a new announcement, so that you will be able to… Continue reading Cleantechnica: Zoom Video Calls From Your Tesla Coming Soon 002376
Hexagon and Stratasys unlock 3D-printed PEKK’s lightweighting potential for aerospace engineers with simulation
COBHAM, England, Nov. 16, 2022 /PRNewswire/ — Hexagon’s Manufacturing Intelligence division and Stratasys, a leader in polymer 3D printing solutions, have applied Hexagon’s simulation technology to capture the behaviour of Stratasys’ high-performance, ultra-lightweight Antero™ reinforced polyetherketoneketone (PEKK) materials and its additive manufacturing processes. These rigorously validated simulations offer Stratasys customers unique insight so they can lightweight… Continue reading Hexagon and Stratasys unlock 3D-printed PEKK’s lightweighting potential for aerospace engineers with simulation
JIOS Aerogel Commissions New Factory in Singapore for Electric-Vehicle Battery Components
SINGAPORE, Nov. 16, 2022 /PRNewswire/ — JIOS Aerogel, a leading innovator in critical components for electric-vehicle batteries, has unveiled a plan to commission a state-of-the-art factory in Singapore to produce cutting-edge technology for battery manufacturers. The facility will use a breakthrough, automated production process that was developed with the support of the Singapore Economic Development… Continue reading JIOS Aerogel Commissions New Factory in Singapore for Electric-Vehicle Battery Components
Signing Memorandum of Understanding on Cooperation Between Asia-Pacific Space Cooperation Organization (APSCO) And Hong Kong Aerospace Technology Group Limited (HKATG) (1725.HK)
HONG KONG, Nov. 16, 2022 /PRNewswire/ — The Asia-Pacific Space Cooperation Organization (APSCO) is an intergovernmental non-profit international organization, composed of countries in the Asia-Pacific region. The APSCO Council is the highest decision-making body for APSCO and is composed of ministers or ministerial representatives of member states responsible for space affairs. Following the APSCO Leadership Development… Continue reading Signing Memorandum of Understanding on Cooperation Between Asia-Pacific Space Cooperation Organization (APSCO) And Hong Kong Aerospace Technology Group Limited (HKATG) (1725.HK)
Germany-based Patrizia launches $1b Japan rental residential fundThe Singapore-domiciled fund is targeting Greater Tokyo and other major cities in Jap…
Patrizia, a German real estate investment manager, has set up a 1-billion-euro (around $1 billion)acquisition vehicle to hunt for core-plus and value-add opportunities in Japan’s multifamily sector, per an announcement. With fresh capital injection from a major Asian institutional investor, whose identity is not disclosed, the Singapore-domiciled fund is targeting Greater Tokyo and other major… Continue reading Germany-based Patrizia launches $1b Japan rental residential fundThe Singapore-domiciled fund is targeting Greater Tokyo and other major cities in Jap…
@GM: Nel ASA and GM Collaborate on Cost Competitive Renewable Hydrogen Production
Nel ASA and GM Collaborate on Cost Competitive Renewable Hydrogen Production 2022-11-16 DETROIT, USA and OSLO, NORWAY – Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE: NEL), has entered into a joint development agreement with General Motors (NYSE: GM) to help accelerate the industrialization of Nel’s proton exchange membrane (PEM) electrolyzer platform. By… Continue reading @GM: Nel ASA and GM Collaborate on Cost Competitive Renewable Hydrogen Production
How Bird clipped its own wings
The scooter startup’s accounting blunders are about more than its bottom line Alex Wilhelm 11 hours Well, those Bird results were wrong. It recently came to light that Bird, a former startup unicorn in the once-hot scooter rental market, overstated its revenue for several years, leading to the company stating in a filing with the… Continue reading How Bird clipped its own wings