Tag: said

  • Allow foreign firms to demonstrate hyperloop tech for ultra-high-speed travel: Niti member Saraswat

    Allow foreign firms to demonstrate hyperloop tech for ultra-high-speed travel: Niti member Saraswat

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    Stating that India has the capacity to come up with its own design of hyperloop technology for ultra-high-speed travel, Niti Aayog Member VK Saraswat on Sunday said since it is going to take time, the country should permit foreign companies to set up a line to demonstrate the technology.Saraswat, who is heading a committee to…

  • Key takeaways from Thyrocare’s Arokiaswamy Velumani, Ketto’s Kunal Kapoor, Dream 11’s Harsh Jain, and others from Day 5 at TechSparks 2021

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    YourStory’s TechSparks 2021 returned on day five with a deep dive into how Thyrocare Founder and Chairman Dr Arokiaswamy Velumani built one of India’s largest medical diagnostics chains, which was recently acquired by PharmEasy. “I am exiting the segment when it is exciting. COVID-19 has made sure that healthcare is going to be an exciting space…

  • World’s Wealthiest Man RIPS Dem Class Warfare Tax Policy: ‘Spending Is the Real Problem’

    World’s Wealthiest Man RIPS Dem Class Warfare Tax Policy: ‘Spending Is the Real Problem’

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    “Spending is the real problem,” said the world’s richest man when he dismantled the logic behind the Democratic Party’s latest class warfare tax-the-rich scheme. Tesla co-founder and CEO Elon Musk took to Twitter in response to a Washington Post story promoting the Democrat tax plan, which featured him as the cover photo. The Post said…

  • Hertz teams with Uber, Carvana in another shift to EVs

    Hertz teams with Uber, Carvana in another shift to EVs

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    Uber drivers in the U.S. will be able to offer services with Tesla Inc. electric vehicles rented from Hertz Global Holdings Inc. from Nov. 1. Hertz also said it signed up Carvana Co. to sell off rental vehicles it no longer wants. Taken together, the deals represent a trifecta of aggressive and innovative initiatives with…

  • [Funding alert] Tekion raises $250M as valuation rises to $3.5B

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    Tekion, a SaaS unicorn focused on the automotive sector founded by former Tesla CIO, has raised $250 million in Series D round with its valuation more than trebling to $3.5 billion. Tekion, which is headquartered in Silicon Valley, US, has offices in Bengaluru and Chennai. It was founded by Jay Vijayan in 2016, and attained…

  • China: Apple, Tesla suppliers halt production

    China: Apple, Tesla suppliers halt production

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    Several key Apple and Tesla suppliers said they had halted production on Sunday at some of their Chinese facilities to comply with the country’s tighter energy consumption policy.Apple supplier Unimicron Technology Corp said that three of its subsidiaries in China had to stop production from midday on Sept. 26 until midnight on Sept. 30 to…

  • Relentless COVID fears bring hygiene theater to our cars

    Relentless COVID fears bring hygiene theater to our cars

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    Cars became something like refuges during the pandemic — for some, the car was a space to escape from the house-turned-office-turned-classroom. But as COVID-19 concerns persist, drivers may be inclined to literally clear the air and clean off surfaces like the steering wheel, dashboard, and door handles where the virus could potentially linger. We’re spending…

  • Elon Musk reveals plans to unleash a humanoid Tesla Bot

    Elon Musk reveals plans to unleash a humanoid Tesla Bot

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    Tesla CEO Elon Musk ended a deeply technical AI Day event with a head-turning announcement: a humanoid robot. After a dancing human dressed as a robot moved off stage at Thursday’s invitation-only event in Palo Alto, California, Musk introduced Tesla Bot. It will be based on Tesla’s Autopilot system and is essentially a humanoid form…

  • Auto component makers ‘invite’ Tesla to make parts locally

    Auto component makers ‘invite’ Tesla to make parts locally

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    India’s $46-billion auto component industry has ‘invited’ Tesla to make parts locally in response to the American carmaker’s request for tax concessions on fully imported electric vehicles ahead of their local launch.Deepak Jain, president of the Automotive Component Manufacturers Association (ACMA), said with the government committing itself to a phased manufacturing plan (PMP) and the…

  • Luxe car companies go electric together

    Luxe car companies go electric together

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    Arch-rivals of yore are now frenemies in India. “Welcome Audi E-Tron to our electric car company,” Mercedes-Benz India tweeted on Thursday.Such bonhomie is rare between Mercedes-Benz and Audi. In the Indian automobile industry, it is viewed as a significant change of stance by the two German luxury-car makers, as they bend backwards to entice customers…