Tesla shouldn't import cars from China: Gadkari🚘, Wipro buys Rizing 🤝🏻, Smaaash to add 30 centres 🎳
Tesla shouldn’t import cars from China: Gadkari, Wipro buys Rizing for $540 mn, Smaaash to invest ₹450 cr, Funding Deals & more.
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Tesla shouldn’t import cars from China for sale in India: Gadkari🚘
US electric vehicle maker Tesla Inc is welcome to set up shop in India, make cars here for sale and export them, but must not import cars from China, transport minister Nitin Gadkari said on Tuesday.
"Making in China and selling here is not a good proposition," he said at a government conference.
Tesla is desperate to import and sell its electric vehicles in India, having lobbied officials in New Delhi for nearly a year to cut tariffs, which chief executive Elon Musk says are among the highest in the world.
But its efforts are at a stalemate as Tesla has not revealed a firm plan to invest in India.
Wipro buys Rizing for $540 mn to bolster SAP cloud practice👩🏻💻
Wipro Ltd has agreed to acquire Rizing Intermediate Holdings, Inc., a global SAP consulting firm, for $540 million, to bolster its SAP cloud practice and help clients transform their businesses into intelligent enterprises.
Rizing is the latest in a series of acquisitions by Wipro, underscoring the firm’s ambitious growth agenda under chief executive Thierry Delaporte.
Once the acquisition is completed, Rizing will operate as a Wipro unit under the leadership of its current chief executive Mike Maiolo. Based in Stamford, Connecticut in the US, Rizing has more than 1,300 employees in 16 countries across North America, Europe, Asia, and Australia.
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Debt marketplace CredAvenue has acquired a majority stake in Corpository, a software-as-a-service (SaaS)-based credit underwriting company at a valuation of Rs 100 crores.
Telehealth platform Truemeds raises $22 million in Series B funding round led by private equity fund Westbridge Capital.
AI consulting startup Navikenz has secured $4 million in a seed funding round led by investors including Sudip Nandy, former CEO of Aricent, and PR Chandrasekar, former CEO of Hexaware.
Edtech startup iDreamCareer (iDC) has raised Rs 12.5 crore in a funding round led by Menterra Social Impact Fund.
Smaaash to invest ₹450 cr in 30 new stores🎳
Mumbai-based entertainment and gaming zones operator Smaaash Entertainment Pvt. Ltd is planning to take its store count from the existing 21 to 50 centres by the end of 2022.
The company, which offers sports simulation technology-based games that are popular with children, as well as leisure and recreational activities, will add 600,000 square feet (sq. ft) of entertainment space to reach 1 million sq. ft with the addition of nearly 30 zones by the year-end.
Smaaash was launched in 2012 by Sharekhan founder Shripal Morakhia as a gaming and entertainment centre that married sports, virtual reality, music, and dining. The company has sports simulation gamification technologies such as twilight bowling, motor and bike racing simulators and go-karting tracks.
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