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Kentucky Family Rejects $26 Million Offer from AI Company for Farmland
A Kentucky family has rejected a $26 million offer from an anonymous AI company to sell half of their 1,200-acre generational farmland for a data centre, prioritizing food security and natural resources over money.
Honda Outsourced New Vehicle Platform Development to Tata Technologies
Honda Motor Co. has outsourced development of a new vehicle platform to Tata Technologies Ltd., aiming to reduce costs and accelerate its product roadmap, including support for electric and hybrid variants, marking a strategic shift in utilizing external resources.
Shiprocket Sets IPO Price Band at Rs 92-97, Targets Rs 7,056 Crore Valuation
Gurugram-based Shiprocket has set an IPO price band of Rs 92-97 per share, opening on August 12. The post-money valuation of Rs 7,056 crore marks a 30% drop from its December 2024 valuation.
Government proposes changes to Payment and Settlement Systems Act, paving way for select UPI MDR
The Indian government has introduced a Bill to amend the Payment and Settlement Systems Act, potentially enabling a Merchant Discount Rate on select UPI transactions above Rs 2,000 for large merchants to support payment infrastructure investment.
EPF wage ceiling hike to ₹25,000: Will existing pensioners get higher pensions?
Reports of a potential EPF wage ceiling increase from ₹15,000 to ₹25,000 have sparked employee interest, though legal experts clarify existing pensioners will not automatically receive higher monthly pensions.
Consumer goods price hikes could pressure inflation despite RBI outlook: Elara Capital
Consumer goods companies' planned price hikes could pressure inflation despite the RBI's benign outlook, with Elara Capital expecting the central bank to maintain interest rates through 2026.