Consumer Cyclical

Nissan is gearing up to mass produce electric vehicles with advanced next-generation batteries by early 2029, aiming to catch up with competitors in the electric auto sector, like Tesla and BYD. The company is focusing on solid-state batteries as the next big advancement for EVs, promising a more powerful, cheaper, safer, and faster-charging alternative to existing lithium-ion batteries.

MG Motor India has announced a partnership with the Epsilon Group for electric vehicle (EV) charging solutions and battery recycling. Two Epsilon Group subsidiaries - Power EV and LICO - will work with MG Motor India to provide charging solutions and second-life expertise for batteries under an MoU agreement.

Union Minister Narayan Rane has been named the BJP candidate for the Ratnagiri-Sindhudurg constituency in the 2024 Lok Sabha elections, despite interest from Eknath Shinde-led Shiv Sena members. This move signifies the BJP's confidence in Rane's ability to secure the strategically important seat, which encompasses six state Assembly seats and holds sway over the Konkan region.

Swiggy integrates its online retail platform, Swiggy Mall, with its quick commerce offering, Instamart, expanding product choices beyond groceries and staples to over 35 categories, delivered within minutes. This move signifies a major step in Swiggy's journey to provide unparalleled convenience to its users.

Cathie Wood's Ark Invest, known for its unwavering faith in disruptive technologies, continued its unwavering support for Tesla by purchasing additional shares, despite the electric vehicle giant facing a string of losses. This move underscores Ark Invest's long-term confidence in Tesla's potential, aligning with CEO Elon Musk's recent announcements regarding streamlined sales strategies and potential multi-billion dollar investme...