Tata Motors has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion (roughly Rs 8,277 crore) via a stake sale in its electric vehicle (EV) business, Economic Times reported on Thursday, citing sources. The company plans to sell a significant minority stake, the newspaper report added, eyeing a […]
Taxi-hailing service Uber on Thursday announced a comprehensive global revamp of its app, adding a slew of new features to help riders go anywhere effortlessly. Uber said its redesigned app has been made customised to the individual preferences of each rider, offering easy access to all services, consistent experiences, and smooth flows through the booking
Uber Overhauls App Design, Brings New Homescreen, Increased Personalisation Features Read More »
Elon Musk is about to release the third iteration of his “Master Plan” for Tesla, something he has apparently been working on for almost a year. Why does he bother? The original Master Plan, blogged in 2006 — four years before Tesla listed — read like a standard Silicon Valley bootstrapping pitch: Sell an expensive
Musk’s Secret, Secret Master Plan for Tesla Is So Obvious Read More »
Uber Technologies said on Friday that the plans by the local government in India’s Delhi city to only allow electric vehicles to function as bike taxis would risk “finishing off the sector” and impact the mobility needs of millions. Delhi’s plans, part of a new policy to regulate vehicles used by ride-hailing companies like Uber and
Uber Says Delhi’s Plan to Only Allow Electric Bikes May Impact Mobility Read More »
Tesla is under investigation by US regulators over complaints the steering wheel can fall off certain new Model Y vehicles while they’re in use. The National Highway Traffic Safety Administration said it’s aware of two incidents in which the wheel detached from the steering column while drivers were operating the 2023 model year SUVs. The
Tesla Faces Investigation After Model Y Steering Wheels Fall Off While Driving Read More »
Ride-hailing service providers Ola and Uber have applied to the Maharashtra government for aggregator licences, a Regional Transport Office (RTO) official said here on Friday. Sets of guidelines brought out by the Centre and the Maharashtra government mandate such app-based companies to obtain a licence. Currently, the government cannot efficiently take action in case of
Uber, Ola Apply for Aggregator Licences in Maharashtra, RTO Official Says Read More »
Ministry of Civil Aviation on Thursday clarified that under Digi Yatra, passengers’ data are stored in their own devices and not in centralized storage. In the Digi Yatra process, there is no central storage of passengers’ Personally Identifiable Information (PII) data, it said. All the passengers’ data is encrypted and stored in the wallet of
Electric vehicle charging stations are also susceptible to cyber attacks and cyber security incidents like any other technological application, Parliament was informed on Thursday. In a written reply to Lok Sabha, Union Minister Nitin Gadkari said the Indian Computer Emergency Response Team (CERT-In), which is mandated to track and monitor cyber security incidents in India, received reports of vulnerabilities
Mahindra & Mahindra on Wednesday said World Bank Group arm IFC will invest Rs 600 crore in a new unit of the company, which is being incorporated to scale up the last-mile electric mobility business. IFC is investing Rs 600 crore in a new last-mile mobility (LMM) company — a wholly-owned subsidiary of Mahindra &
Uber has announced a set of new features that are aimed at making taxi services to and from Airports easier for passengers and drivers in India. The move comes as the country gears up to welcome the increase in domestic and international travel during the summer travel season. Uber users in India can now book
