Yediyurappa on Tuesday. Tesla India Motors and Energy Pvt. And in accordance with the RoC site, Tesla India Motors and Energy Private Limited was incorporated on 8th January 2021 and the registered address is in Lavelle Road, Bengaluru. Tesla to enter India in 2021, how will it impact Indian automakers? "We welcome this move by Tesla to incorporate itself as a company in the state". [Full Article...]
Hyundai has officially begun teasing the range-topping Kona N , a vehicle which will go on to be the first ever high-performance SUV for the Korean automaker. Interestingly, Kona is a mite shorter and narrower than Veloster , though it is about 200 mm taller given its assignment as a crossover-type machine. [Full Article...]
During the day, the 50-share benchmark index had hit a lifetime high of 14,498.20. It was followed by Nifty Auto index that rose 2.61 per cent driven by Tata Motors, Ashok Leyland, Bajaj Auto and Maruti. Optimism over early roll out of vaccine in India and lesser number of Covid 19 cases as well as expectations of improved earnings, lifted market indices to new highs on Monday. [Full Article...]
While retail inflation for December came down to within the Reserve Bank of India's (RBI's) medium-term inflation target after eight months, industrial production in November contracted after two months of expansion. Data released by the National Statistical Office on Tuesday showed the Index of Industrial Production (IIP) declined by 1.9% in November as manufacturing (-1.7%) and mining (-7.3%... [Full Article...]
The Caloocan City government signed an agreement with British-Swedish pharmaceutical company AstraZeneca for the purchase of 600,000 coronavirus disease-2019 (COVID-19) vaccines that will be distributed for free to the city's residents. [Full Article...]
The Troller plant in Horizonte, Brazil, will continue to operate until the fourth quarter of 2021. The cuts are part of an US$11 billion global restructuring started under former Chief Executive Officer Jim Hackett and now continued by his successor, Jim Farley. [Full Article...]
Adelson was the CEO and founder of Las Vegas Sands Corp., which he grew from its inception in 1988 into the largest network of casinos and resorts in the world. Separately, he was closely aligned with the conservative Likud party and funded a widely read free daily newspaper " Israel Hayom ", or "Israel Today". [Full Article...]
The United States said: "Deutsche Bank has put in place a criminal system to hide the payments of so-called consultants around the world who acted as middlemen to bribe foreign officials and others" in order to win and maintain "profitable businesses" and keep interim attorney Seth Ducharme in Brooklyn in a relationship. [Full Article...]