Tesla is introducing advanced self-driving features in China after overcoming regulatory hurdles. The software update includes "automatic autopilot-assisted driving on city streets" and a rearview mirror function to monitor driver attention. This move follows Chinese automaker BYD's plans to offer similar technology, intensifying competition. Tesla's expansion comes as China heavily invests in self-driving innovations amidst strict data regulations.
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Nate Anderson and his firm Hindenburg are under scrutiny for alleged connections with hedge funds while preparing reports targeting companies. Documents filed in an Ontario court suggest collaboration between Hindenburg and Anson hedge fund, potentially leading to securities fraud charges. Anderson and Anson's Moez Kassam have yet to respond to the allegations.
Interest rates for various small savings schemes remain unchanged from January 1 to March 31, 2025. Rates include Sukanya Samriddhi Scheme at 8.2%, PPF at 7.1%, and NSC at 7.7%. This is the fourth consecutive quarter without changes, confirmed by the finance ministry, helping maintain stability for investors.
NCLT has ordered the liquidation of GoAir after lenders' request as the airline, grounded since May 2023, failed to revive under insolvency laws. GoAir owes over Rs 6,521 crore to creditors like Central Bank of India and Deutsche Bank. Starting operations in 2005, it joins the list of defunct Indian airlines including Air Deccan and Kingfisher.
Finance minister Nirmala Sitharaman attributes the recent sell-off by foreign institutional investors in Indian equities to profit booking. Officials clarify that FIIs are returning to their home countries amid global uncertainties, and emphasize India's position as a strong, resilient, and fast-growing economy.
RBI's decision to infuse ₹1.5 lakh crore liquidity boosted banking stocks, leading to a sensex rise of 530 points. Despite a late sell-off, major banks led gains, while foreign funds continued selling. Mid- and small-cap sectors saw declines. Upcoming events, such as the US FOMC meeting and Union Budget, are expected to contribute to market volatility.
India and the US have agreed to hold sector-specific talks for a bilateral trade agreement aimed at doubling trade to USD 500 billion by 2030. Discussions will focus on increasing market access, reducing tariffs, and enhancing supply chains. The US seeks duty concessions in various sectors, while India is eyeing benefits for its labour-intensive industries.
GCCs in India are set to outpace IT services in hiring for the second consecutive year, driving innovation for their parent firms. Top Indian IT companies saw a modest headcount increase in 2024 compared to the previous year. With automation and productivity gains, IT firms face slow growth, while GCCs continue to expand, creating significant job opportunities and boosting the IT sector.
Osamu Suzuki, a key figure behind Maruti 800, was instrumental in introducing the small car to India in 1983. His vision and risk-taking attitude significantly shaped the Indian automobile industry, making it a robust economic sector. His efforts modernized industrial practices and created a strong supplier ecosystem in India.
The IMF maintains India's growth forecast for 2024-25 at 6.5% despite a sharper-than-expected deceleration in industrial activity. Calls for measures to boost consumption persist amid global uncertainty. The IMF aligns with the World Bank's estimate, recognizing India's tag as the fastest-growing major economy.
Grant Lee's AI startup Gamma is thriving with just 28 employees, achieving significant revenue and profitability. Many AI-driven startups are leveraging technology to maximize efficiency and reduce the need for large teams and funding. The trend raises questions about the future of venture capital investment in such lean and efficient companies.