Tesla Pauses Plants After Ending Shaky Quarter With a Production Milestone

The electric-car maker will halt most production on its Model Y assembly line in Shanghai for the first two weeks of July, then stop the Model 3 line for a 20-day stretch starting July 18, Bloomberg reported last month. Upgrade work at the factory to boost output of both vehicles is expected to be completed … Read more

Ex-Bankers’ Study-Abroad Startup Nears $ 1 Billion Unicorn Status

Owl Ventures led the round, with Steadview Capital and Paramark Ventures as well as existing investors Jungle Ventures and Sequoia Capital India participating, the company, known by its brand name Leap, said Wednesday in a statement. Its valuation has doubled since a September fundraising and is nearing $ 1 billion, co-founder Vaibhav Singh, 37, said … Read more

Amazon’s New India Chief Pulled Plug on Cricket, Not the Country

It’s a sign of the tough calls ahead for the 52-year-old former Unilever Plc executive, who took on his current role in February. The country of nearly 1.4 billion people may be Amazon’s most promising long-term opportunity, but it’s also extremely challenging, with tough local rivals, a cantankerous government and unusually price-sensitive consumers. .

Amazon Builds Property Empire, Quietly Buying Land Across the US

(Bloomberg) – The 193 acres just outside Round Rock, Texas, were coveted by some of the biggest developers in the US. Located a few miles north of the booming city of Austin, the raw parcel could be used for virtually anything given the state’s lenient land-use laws. So when the prominent Robinson family put the … Read more

Bids for India Cricket Rights at $ 5.8 Billion on 1st Auction Day

The auction started slow on Sunday as bidders navigated carefully through the e-auction process – this is the first time it’s being tried for the IPL – but heated up later, according to one of the people, who did not want to be named as the information is not public. Bidding was more intense for … Read more

Sheryl Sandberg’s Legacy Is An Internet Of Targeted, Automated Ads

(Bloomberg Businessweek) – When she announced her resignation as chief operating officer of Meta Platforms Inc. on June 1, Sheryl Sandberg posted an essay celebrating her long partnership with Facebook co-founder Mark Zuckerberg and recounting her achievements there since 2008. She brought up, of course, and the company’s 3 billion users, but barely alluded to … Read more