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Tata Technologies: The company has allotted 1.58 crore equity shares to 67 funds at INR 500 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. Goldman Sachs (Singapore) Pte, Copthall Mauritius Investment Ltd, Government Pension Fund Global, are among the anchor investors.
Judge Reid Scott, in the Circuit Court for Palm Beach County, ruled last week that the plaintiff in a lawsuit over a fatal crash could proceed to trial and bring punitive damages claims against Tesla for intentional misconduct and gross negligence. The order has not been previously reported.
Merc Digital Contract Signing For Leasing: In the new online leasing process, customers are independent of service hours. If questions arise during the process or if customers would like advice, personal contact will continue to be available via the Mercedes-Benz Customer Contact Center.
Gm Cruise: In October, one of Cruise's driverless cabs was not able to stop in time from hitting a pedestrian who had been struck by a hit-and-run driver, raising safety concerns around the use of robotaxis.
Shares of Mountain Crest Acquisition Corp. IV (MCAF) surged 52% on Tuesda after shareholders approved its $1.25 billion merger with China-based CH Auto. Last year, Ch-Auto Technology, an electric vehicle manufacturing and design service company based in China, announced merger deal with special purpose acquisition company Mountain Crest Acquisition Corp.