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Amid strong market demand, a company has raised its annual delivery target for 2025 to 350,000 units. The Indonesia Stock Exchange temporarily halted trading on March 18 due to a 5.02% decline in the Composite Stock Price Index, aimed at protecting investors from volatility. In the US, the Department of Commerce has banned employees from using DeepSeek on government devices due to data security concerns. Meanwhile, edtech firm Physics Wallah has filed for a US$531.4 million IPO, with significant portions expected to be an offer for sale. Shein faces challenges in the US as a tax exemption allowing duty-free imports is likely to be eliminated, potentially impacting its logistics strategy. In contrast, Temu's semi-consignment model may shield it from these changes. Additionally, Bengaluru-based Slikk Club has raised US$3.2 million to enhance its rapid fashion delivery service.
Billion Electric Mobility has appointed Sanjeev Kulkarni as its new CEO, succeeding his role as chief operating officer. With over 30 years of experience in the automotive and manufacturing sectors, Kulkarni aims to expand the company’s electric vehicle solutions for trucks and buses. Founded in 2021 and based in Vadodara, Gujarat, the company focuses on e-Mobility-as-a-Service.
Billion Electric Mobility Ltd.
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Shein faces challenges in US logistics amid potential tax changes
10:30 20.03.2025
Billion Electric Mobility appoints Sanjeev Kulkarni as new CEO
02:10 19.03.2025
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