Tesla announced on Thursday that it plans to open some of its Supercharger network to Ford. Tesla has the largest network of roadside fast chargers in North America. Some Tesla owners say they’d consider buying another brand’s EV, if they had access to Supercharging. Tesla plans to open some of its exclusive Supercharger network to … Read more
Indian capital markets have greatly evolved during the last two decades and have emerged on the world stage. To quote a few examples, there are over 6,800 listed companies with a combined market capitalisation exceeding $2.6 trillion, according to a World Bank report. Add to this more than a hundred unicorns and private enterprises seeking … Read more
5Paisa has demoted the current CEO, Prakarsh Gagdani to the position of Chief Business Officer (CBO) w.e.f. May 25, 2023. He will however continue to be the Whole-time Director of the Company. Prakarsh was the CEO since October 2015 i.e., the inception. Reason for this change seems to be only to make way for the … Read more
Tech stocks are the one bright spot in the market, DataTrek’s Nicholas Colas said. Tech names in the S&P 500 have beat the overall index this year, gaining 27% since January. “Big Tech is essentially the only game in town at the moment,” Colas said in a note. Big tech stocks are the one bright … Read more
Russia could become black listed by the Financial Action Task Force in June. To avoid this, Moscow is pressuring India to help thwart the blacklisting effort, Bloomberg reported. Russia has told India that key energy and weapons deals would be at risk. Russia is asking for India’s support to avoid getting on a black list … Read more
The Fed will likely pause any further hikes in interest-rate as inflation starts to cool down, Moody’s Mark Zandi said. Zandi said he’s confident inflation will drop to the Fed’s 2% target by May next year. The ongoing stress in the banking system and recession risks are also factors that might convince the Fed to … Read more
In a surprise announcement, Balaji Amines informed the following – All five independent directors of the Company – Mr. Naveena Thammishetty Chandra, Mr. Kashinath Revappa Dhole, Mr. Satyanarayana Murthy Chavali, Mr. Amarender Reddy Minupuri and Mrs. Vimala Behram Madon have resigned as Independent Directors of the Company from the closing hours on 20th May, 2023; … Read more