Shivam Autotech, a Hero Group company, is Modulus Alternatives’ 16th investment, thus taking the total invested capital to INR 1,895 crore in the private credit platform, it said. Private credit platform Modulus Alternatives Investment Managers Ltd on Wednesday said it has infused INR 105 crore in transmission gear and shafts maker Shivam Autotech as part…
Delhi Chief Minister Arvind Kejriwal thanked the US envoy. “Hope you enjoyed the ride H.E. @ericgarcetti @USAmbIndia Your recognition of the revolutionary power of electric buses is inspiring. New Delhi: US Ambassador to India Eric Garcetti on Wednesday said electric buses can change the world and give a future where the planet will be liveable….
Hyundai Motor Company (Hyundai and Genesis brands) reports that its global vehicle sales in August amounted to 347,377 units, which is 3.2 percent more than a year ago. During the first eight months of 2023, the company sold 2,765,554 vehicles (up 8.6 percent year-over-year). The South Korean manufacturer announced that its all-electric vehicle sales during…
Nearly half a million years ago, humans in Africa were assembling wood into large structures, according to a study published Thursday that describes notched and tapered logs buried under sand in Zambia. The discovery drastically pushes back the historical record of structural woodworking. Before, the oldest known examples of this craft were 9,000-year-old platforms on…
Hyundai’s top U.S. executive on Tuesday suggested that the company is hoping to speed up construction at its $7.6 billion manufacturing complex near Savannah, Georgia, dubbed the “Metaplant.” The move is prompted by what the Hyundai Motor Group has called the inherent unfairness of the Inflation Recovery Act to companies relying on importing EVs and…
close Video Simon Cowell’s ‘not a fan’ of artificial intelligence in music The ‘America’s Got Talent’ judge told Fox News Digital why he doesn’t like AI technology in songwriting. Welcome to Fox News’ Artificial Intelligence newsletter with the latest AI technology advancements. Subscribe now to get the Fox News Artificial Intelligence Newsletter in your inbox. AMAZON…
General Motors’ BrightDrop commercial EV unit has announced the delivery of the first Zevo 600 electric vans to Ryder. The American transportation and logistics company is distributing the BrightDrop vans to four of its facilities in California, Texas, and New York. Neither BrightDrop nor Ryder revealed how many Zevo 600 vans were handed over. “We…
Hyundai is rushing plans to get its Georgia EV “Metaplant” up and running. Maserati is charging up dealerships for pending EV arrivals. And the Tesla Model 3 is the most-leased EV. This and more, here at Green Car Reports. The Inflation Reduction Act and Biden EV policy—and especially the disadvantage they place on companies seeking…
Michael Bloomberg is many things: former New York City mayor, founder of a financial data company, failed presidential candidate and the 11th richest man in the world. Since leaving public office 10 years ago, Mr. Bloomberg, 81, has also emerged as perhaps the world’s single largest funder of climate activism, making himself an expensive thorn…
Digital twins, like CAD designs and process models, play a vital role in optimizing processes, reducing waste, and accelerating time-to-market. Edited excerpts: Q: Where do you think India lags in digital, smart manufacturing compared to large global manufacturing companies?I want to emphasize the game-changing impact of digital technology on the Indian economy, particularly in manufacturing…
