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    Singapore charges fifth person in AI server fraud case

    Singapore has charged a fifth person in a case involving the alleged false representation of the end users of AI servers purchased from Dell, Super Micro Computer and Asustek Computer.

    Delhivery eyes 20,000 intracity vehicles in five years

    Delhivery plans to expand its intracity fleet to nearly 20,000 vehicles over the next four to five years, while making EVs the only option for new additions. The company plans to invest ₹80-100 crore in charging and parking infrastructure and fleet-partner support, as it seeks to lower fuel costs and offset rising labour and operating expenses.

    Centre gets 22 bids for 10 GWh battery sops

    The Ministry of Heavy Industries opened technical bids on Wednesday for advanced chemistry cell manufacturing capacity. Twenty-two bids were submitted by various companies, including ACME Solar Holdings and Reliance Industries. This initiative is part of the National Programme on Advanced Chemistry Cell Battery Storage approved in May 2021. The program has a financial outlay of Rs 18,100 crore and aims to enhance energy security.

    He’s no longer Nvidia’s CEO, so does Jensen Huang still have to face Congress on November 18?

    Nvidia's CEO Jensen Huang has received an invitation to a closed-door briefing with US lawmakers regarding his ties with Alice Huang. This meeting, scheduled for November 18 following Nvidia's earnings call, raises concerns over national security, particularly about technology access by China. Although Nvidia has yet to confirm Huang's attendance, the company maintains that his customer interactions are standard business operations.

    22 firms chase 10 GWh battery prize under PLI scheme

    The Centre's production-linked incentive scheme for advanced chemistry cell manufacturing has received bids from 22 companies. These bids aim to establish giga-scale manufacturing facilities in India. The scheme is part of a larger target to achieve 50 GWh of manufacturing capacity. The Ministry of Heavy Industries is managing the two-stage bidding process transparently. This initiative seeks to strengthen domestic battery manufacturing capabilities and attract international investments.

    Motilal Oswal initiates coverage on Himadri Speciality Chemical with Buy rating, pegs 39% upside

    Motilal Oswal has initiated coverage on Himadri Speciality Chemical with a Buy rating and a target price of Rs 780, implying 38.7% upside. The brokerage sees strong growth potential from the company's expansion into lithium-ion battery materials, speciality carbon products and tyre manufacturing through its Birla Tyres acquisition.

    The Economic Times
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