Rivian, the electric vehicle (EV) startup, saw its shares leap by 50% in extended trading on Tuesday. This surge followed the announcement by the German automotive giant, Volkswagen, of a $5 billion investment in Rivian. This strategic investment is part of a newly established, equally controlled joint venture aimed at sharing EV architecture and software…
Garden Reach Shipbuilders & Engineers Ltd (GRSE) is a renowned Indian shipbuilding company that operates under the aegis of the Ministry of Defence. GRSE primarily serves the shipbuilding needs of the Indian Navy and the Indian Coast Guard. With a market capitalization exceeding Rs 20,000 crore, GRSE stands as a formidable player in the shipbuilding…
The shares of Hindustan Foods experienced a significant surge, rising by 15% in trade on June 26. This impressive increase followed a substantial block deal valued at Rs 638.40 crore. Let’s understand the details of this transaction and its impact on the market, along with recent strategic moves by the company that have contributed to…
India is poised for a remarkable economic transformation, with projections indicating a consistent growth rate nearing 8% annually. This optimistic outlook was underscored by Reserve Bank of India (RBI) Governor Shaktikanta Das during his recent address to the Bombay Chamber of Commerce and Industry. The key to sustaining this growth, Das emphasized, lies in maintaining…
In a landmark decision, U.S. District Judge Margo Brodie has rejected a monumental $30 billion antitrust settlement involving Visa and Mastercard. This settlement was designed to curb the fees that merchants pay to accept credit and debit cards issued by these two giants. This decision, handed down on Tuesday, could dramatically alter the landscape for…
In a surprising turn of events, short sellers have garnered substantial profits from Nvidia’s (NVDA) recent stock performance. According to data analytics firm Ortex Technologies, these investors have made nearly $5 billion in paper profits as the AI chip designer’s stock experienced a sharp decline over the past three trading sessions. This article delves into…
Tesla has recently announced the recall of 11,688 Cybertruck electric pickup trucks due to a critical technical failure involving the windshield wiper system. This issue could significantly impair driver visibility, increasing the risk of accidents. The U.S. National Highway Traffic Safety Administration (NHTSA) reported this development, highlighting the potential hazards linked to the malfunctioning component….
The U.S. dollar continues to maintain its position as the world’s leading reserve currency. Despite efforts from various global players, neither the euro nor the BRICS countries have succeeded in De-Dollarization. This is highlighted in a recent study by the Atlantic Council’s GeoEconomics Center, which underscores the dollar’s prevailing supremacy in foreign reserve holdings, trade…
HDFC Bank Ltd., India’s largest private sector lender, has seen an impressive rally in its share price over the past month. This surge has erased all the losses for the year, marking a significant turnaround. In this article, we analyze the factors driving this rally, the stock’s performance, and expert analyses of its future trajectory….
JA Solar is making significant strides in the solar industry, marked by its recent innovations and expansion plans. At the SNEC 2024, PV Tech had the opportunity to speak with Steven Chen, the Vice President of JA Solar. Chen discussed the company’s latest products, growing manufacturing capacities, and ambitious expansion strategies. This article delves into…
