Motors

• Indian stock markets traded cautiously on Thursday during the weekly expiry, with analysts noting a lack of clear direction for the Nifty index. • Major companies including Tata Steel, Tata Motors, ICICI Bank, Vedanta, and Maruti Suzuki are currently in focus due to regulatory developments and business updates. • Market experts are analyzing the strategic acquisition trends of industry giants like Reliance and L&T, as well as China's financial influence via dollar bond sales in Saudi Arabia.

Carmakers aim to expand into UK defence sector, exploiting spending boom by Nato countriesJaguar Land Rover and General Motors are considering an expansion into UK defence via a £900m military contract, as carmakers seek to exploit a spending boom by Nato countries racing to rearm.The manufacturers are among a group of automotive firms vying to make thousands of 4x4s for the armed forces to replace an ageing fleet of Land Rovers that have been out of production since 2016. Continue reading...

Automaker had given ‘numerous statements reassuring drivers that it would not do so’, says California attorney generalGeneral Motors (GM) agreed to pay $12.75m to resolve claims that it illegally sold hundreds of thousands of Californians’ location and driving data to two data brokers, said the state’s attorney general, Rob Bonta, on Friday. He said this came after the Detroit-based automaker had given “numerous statements reassuring drivers that it would not do so”.“General Motors sold the data of California drivers without their knowledge or consent,” Bonta said in a statement. “This trove of information included precise and personal location data that could identify the everyday habits and movements of Californians.” Continue reading...