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First Tesla store in India to open next week — What we know so far - The Economic Times

Economic Times

Economic Times · 1m ago

First Tesla store in India to open next week — What we know so far - The Economic Times

Tesla will open its first Indian store, an 'experience centre' in Mumbai's Bandra-Kurla Complex, on July 15. This follows the leasing of a 4,000-square-foot showroom and vehicle service area in Mumbai. The move marks Tesla's fourth commercial space in India, with plans to open another store in Delhi. Tesla has also started shipping vehicles, including Model Y SUVs, to India, as it builds its operations and hires locally despite recent leadership changes.

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IPO Tsunami: HDB Financial Services, 12 others to raise up to Rs 16,000 crore next week

Economic Times

Economic Times · 2m ago

IPO Tsunami: HDB Financial Services, 12 others to raise up to Rs 16,000 crore next week

Next week, the market will witness 13 initial public offerings (IPOs) worth nearly Rs 16,000 crore. HDB Financial Services' Rs 12,500 crore IPO is the highlight. The surge follows investor enthusiasm, favorable economic indicators, and increased market participation. The upcoming IPOs span various sectors, presenting diverse opportunities. Notably, HDB Financial, Kalpataru, and others will open their IPOs next week, featuring both mainboard and SME offerings. Investor confidence is boosted by recent positive market performances.

Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal

TechCrunch · 2y ago

Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal

Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far.

Elon Musk says Grok is coming to Tesla vehicles very soon - The Economic Times

Economic Times

Economic Times · 1m ago

Elon Musk says Grok is coming to Tesla vehicles very soon - The Economic Times

Elon Musk announced that Grok, xAI’s AI chatbot, will soon be integrated into Tesla vehicles, marking a significant advancement in merging Tesla’s in-car technology with Musk’s AI ventures. This update will enable real-time conversational capabilities directly through the vehicle interface, with the rollout expected as early as next week.

OpenAI is readying an open-weight model that will debut as soon as next week: Report - The Economic Times

Economic Times

Economic Times · 1m ago

OpenAI is readying an open-weight model that will debut as soon as next week: Report - The Economic Times

OpenAI is set to release an open-weight AI model, marking a shift towards greater openness. This launch, anticipated as early as next week, could offer developers and researchers enhanced access and flexibility compared to its current closed models, such as GPT-4.

FPIs inject Rs 7,900 Cr in equities in the first week of Jul; investment surpasses Rs 1 lakh Cr in 2024

YourStory

YourStory · 1y ago

FPIs inject Rs 7,900 Cr in equities in the first week of Jul; investment surpasses Rs 1 lakh Cr in 2024

Foreign investors have injected over Rs 7,900 crore into Indian equities in the first week of July, adding to the Rs 1.16 lakh crore invested this year so far, according to data from depositories. The inflows were driven by a positive economic and earnings growth outlook. The sustainability of foreign portfolio investment (FPI) flows will likely depend on the upcoming Union Budget and Q1 FY25 earnings. External factors like rising US bond yields and low valuations in other emerging markets have previously prompted FPIs to sell in India.

FPIs return to Indian equities with Rs 24,454 cr inflow in Dec first week

YourStory

YourStory · 8m ago

FPIs return to Indian equities with Rs 24,454 cr inflow in Dec first week

Foreign investors have made a strong comeback to Indian equities, with a net investment of INR 24,454 crore ($3.4 billion) in the first week of December. This follows massive outflows in October and November. The revival can be attributed to stabilising global conditions and expectations of potential US Federal Reserve rate cuts. FPI investments have reached INR 9,435 crore ($1.3 billion) in 2024 so far. The flow of foreign investments will hinge on factors such as US policies, inflation and interest rates, earnings performance of Indian companies, and the country's economic growth.

Google says some SharePoint hacks carried out by 'China-nexus threat actor' - The Economic Times

Economic Times

Economic Times · 1m ago

Google says some SharePoint hacks carried out by 'China-nexus threat actor' - The Economic Times

Google has identified a "China-nexus threat actor" responsible for cyber espionage targeting Microsoft’s SharePoint servers. This operation has compromised approximately 100 organizations so far.

Tesla drives into Delhi: All you need to know - The Economic Times

Economic Times

Economic Times · 12d ago

Tesla drives into Delhi: All you need to know - The Economic Times

Tesla has opened a new showroom in Delhi, located in the Worldmark 3 building in Aerocity near the Indira Gandhi International Airport. Spanning 8,200 square feet, this showroom will serve the entire National Capital Region, allowing visitors to test Tesla cars and charging infrastructure. It also acts as a booking point for the Model Y, Tesla's offering for India. Tesla officially entered the Indian market in July with this and a prior showroom in Mumbai.

PN Gadgil Jewellers seeks to raise $131 mn in upcoming IPO

VCCircle

VCCircle · 11m ago

PN Gadgil Jewellers seeks to raise $131 mn in upcoming IPO

P N Gadgil Jewellers, an Indian jewellery company, aims to raise $131 million in an initial public offering (IPO) next week to expand its retail network and repay debt. The IPO consists of a fresh issue of equity shares worth up to $113 million and a share sale worth $18 million by promoters. With a current valuation of $871 million, the company plans to use the funds to open 12 new stores in Maharashtra and repay debt. P N Gadgil Jewellers aims to increase its total store count to 100 within the next five years.

Tesla is reportedly behind on its pledge to build 5,000 Optimus bots this year | TechCrunch

TechCrunch · 29d ago

Tesla is reportedly behind on its pledge to build 5,000 Optimus bots this year | TechCrunch

Tesla is significantly behind in achieving its target of producing 5,000 Optimus humanoid robots in 2025, having manufactured only a few hundred so far. This shortfall requires Tesla to either accelerate production or revise its timeline. The news coincides with a 12% drop in Tesla’s revenue due to reduced EV sales and other declines. Despite these setbacks, CEO Elon Musk remains ambitious, aiming for rapid production scaling to reach a million units annually within five years.

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