BEIJING/HONG KONG (Reuters) - Daimler AG (DAIGn.DE) plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said. … [Read more...] about Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO: sources
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May 26 marks the anniversary of the first ever factory strike in the United States, in 1824, at the Slater Mill in Rhode Island. Why should we in 21st Century India bother about a strike that took place long, long ago, in a place far, far away? Because, parts of the country are trying to replicate the very conditions that brought about the strike at Slater Mills. The mill owner decided to extend the working day without any additional pay and cut wages in the weaving department, worked entirely by women, by 25%, on the ground that they had been, out of mistaken generosity, paying them wages that were extravagant for young women. The strike began with 124 young women turning out, as striking work used to be called back then in the US. The Slater Mill management, truth to tell, had it better than what the government of Uttar Pradesh, Madhya Pradesh and Gujarat had proposed for its employers. Slater could employ children aged at least eight, and make them work 12-hour shifts, the ideal … [Read more...] about View: Will labour reform drive away investment?
Himanshu attributed his success to hard work. “I studied for more than 10 hours regularly. My parents and my siblings always motivated me to study hard. They sacrificed their comforts to provide me best of the resources available so that I could concentrate on my studies,” he said. … [Read more...] about Bihar Board class 10th toppers’ interview: Son of vegetable vendor tops, wants to become software engineer
Daimler AG plans to invest in Farasis Energy's planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said.The plan has yet to be finalised and is subject to change, the people said, speaking on condition of anonymity as the discussions were private. The size of the potential investment was not immediately clear, they added. The two firms struck a deal last year for Farasis to supply Daimler with lithium-ion battery cells and Farasis is building a factory in Germany.Daimler and Farasis declined to comment on the potential IPO investment. Eleven-year old Farasis gained approval last week to raise about 3.44 billion yuan in an initial public offering on China's Nasdaq-like STAR board. The float, which is slated for the current quarter, could value the company at up to 30 billion yuan ($4.2 billion), sources have previously said.Like many other global automakers under … [Read more...] about Daimler to invest in Chinese EV battery maker Farasis’ $480 million IPO
A big fleet will probably win against a smaller one, but bad dice and a well-played “Direct Hit” card—which can take out a durable battleship in one hit rather than two—can send everything awry. The best players have nests of contingencies if Plans A, B, and C are ruined at first contact with someone whose tasty-looking space docks are actually “Experimental Battlestations.” … [Read more...] about , a board game with meal breaks