The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Tata Group partners with Tesla to supply components for electric vehicles
Several Tata Group companies have become global suppliers for Tesla, contributing to approximately $2 billion in Indian supplies for FY24. These partnerships include Tata AutoComp, Tata Consultancy Services, Tata Technologies, and Tata Electronics, which are poised for growth as Tesla explores local manufacturing in India. The collaboration aims to enhance Tesla's supply chain by sourcing various components, reducing reliance on China, and creating opportunities for Indian suppliers.
Investment in US faces delays amid tariff uncertainty, says Tata Technologies
Investment decisions for the US market may face delays due to uncertainties surrounding tariffs, according to Tata Technologies. This lack of clarity is impacting strategic planning and could influence future investments in the region.
global tech investments surge as companies pivot towards ai and digital assets
Softbank is reportedly leading a $3 billion deal targeting corporate AI clients, alongside a $500 million round for Skild AI at a $4 billion valuation. In Korea, Kakao and OpenAI are enhancing AI integration in the top social platform, while Huawei pushes its HarmonyOS as a viable alternative to Google’s Android. Meanwhile, India is shifting its stance on digital assets, potentially influenced by global regulatory trends, as Shein reenters the market through a partnership with Reliance Retail.
JPMorgan anticipates a revival in Engineering Research & Development (ER&D) growth by 2025, driven by a recovery in the automobile sector, despite ongoing challenges in telecom that may limit valuation upside. The firm favors KPIT Tech and Persistent Systems for their strong growth potential, assigning target prices of Rs 1,900 and Rs 6,100, respectively, while also highlighting L&T Technology Services and Cyient as key recovery plays.
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