NewzIntel.com

Category: Vehicles

  • India’s Q1 passenger vehicle sales cross one million for second consecutive year

    Source: Government of India

    Source: Government of India (4)

    India’s passenger vehicle sales crossed the one million mark for the second consecutive April–June quarter (Q1), with exports showing strong double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.

    Passenger vehicle exports — including utility vehicles and cars — reached a record high of 2.04 lakh units in Q1 of 2025–26, marking a 13.2% rise over the same period last year.

    SIAM attributed the growth to steady demand in key overseas markets, with the Middle East and Latin America performing well, alongside a revival in neighbouring countries like Sri Lanka and Nepal. Rising demand from Japan and higher exports under free trade agreements, including with Australia, also contributed to the uptick.

    Two-wheeler exports rose to 1.14 million units, recording a robust 23.2% growth compared to Q1 last year. This was supported by recovery in neighbouring markets and continued momentum in major destinations.

    Exports of three-wheelers climbed to 0.96 lakh units, an increase of 34.4% year-on-year, while commercial vehicle exports grew by 23.4% to around 0.2 lakh units.

    Despite the positive export figures, domestic passenger vehicle sales in Q1 stood at 1.01 million units — down 1.4% compared to the same quarter last year — due to slower sales in the latter part of the quarter.

    The two-wheeler segment sold 4.67 million units, posting a 6.2% decline year-on-year, largely due to inventory corrections. However, retail registrations for two-wheelers rose by 5%, boosted by the wedding season and stable demand. The scooter segment’s share within two-wheelers also increased by 2.15% year-on-year.

    The three-wheeler category recorded its highest ever Q1 sales at 1.65 lakh units, mainly driven by strong demand in the passenger carrier segment. SIAM noted that increased economic activity and urban mobility needs supported this growth, while the cargo segment’s retail registrations continued to rise on the back of demand for intracity low-load transport and easier financing.

    Meanwhile, the commercial vehicle segment saw a marginal decline of 0.6% year-on-year to 2.23 lakh units, though passenger carriers within the category maintained positive growth, reflecting steady demand for public transport.

    Looking ahead, SIAM said the industry remains cautiously optimistic for the second quarter. The upcoming festive season, an above-normal monsoon aiding rural incomes, and the Reserve Bank of India’s recent 100-basis-point repo rate cut over six months could help lift demand for passenger vehicles and two-wheelers.

    However, SIAM cautioned that supply-side challenges persist, particularly the recent export licensing requirements imposed by China on rare earth magnets, which are critical components for vehicle manufacturing.

    — IANS

  • India’s Q1 passenger vehicle sales cross one million for second consecutive year

    Source: Government of India

    Source: Government of India (4)

    India’s passenger vehicle sales crossed the one million mark for the second consecutive April–June quarter (Q1), with exports showing strong double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.

    Passenger vehicle exports — including utility vehicles and cars — reached a record high of 2.04 lakh units in Q1 of 2025–26, marking a 13.2% rise over the same period last year.

    SIAM attributed the growth to steady demand in key overseas markets, with the Middle East and Latin America performing well, alongside a revival in neighbouring countries like Sri Lanka and Nepal. Rising demand from Japan and higher exports under free trade agreements, including with Australia, also contributed to the uptick.

    Two-wheeler exports rose to 1.14 million units, recording a robust 23.2% growth compared to Q1 last year. This was supported by recovery in neighbouring markets and continued momentum in major destinations.

    Exports of three-wheelers climbed to 0.96 lakh units, an increase of 34.4% year-on-year, while commercial vehicle exports grew by 23.4% to around 0.2 lakh units.

    Despite the positive export figures, domestic passenger vehicle sales in Q1 stood at 1.01 million units — down 1.4% compared to the same quarter last year — due to slower sales in the latter part of the quarter.

    The two-wheeler segment sold 4.67 million units, posting a 6.2% decline year-on-year, largely due to inventory corrections. However, retail registrations for two-wheelers rose by 5%, boosted by the wedding season and stable demand. The scooter segment’s share within two-wheelers also increased by 2.15% year-on-year.

    The three-wheeler category recorded its highest ever Q1 sales at 1.65 lakh units, mainly driven by strong demand in the passenger carrier segment. SIAM noted that increased economic activity and urban mobility needs supported this growth, while the cargo segment’s retail registrations continued to rise on the back of demand for intracity low-load transport and easier financing.

    Meanwhile, the commercial vehicle segment saw a marginal decline of 0.6% year-on-year to 2.23 lakh units, though passenger carriers within the category maintained positive growth, reflecting steady demand for public transport.

    Looking ahead, SIAM said the industry remains cautiously optimistic for the second quarter. The upcoming festive season, an above-normal monsoon aiding rural incomes, and the Reserve Bank of India’s recent 100-basis-point repo rate cut over six months could help lift demand for passenger vehicles and two-wheelers.

    However, SIAM cautioned that supply-side challenges persist, particularly the recent export licensing requirements imposed by China on rare earth magnets, which are critical components for vehicle manufacturing.

    — IANS

  • India’s Q1 passenger vehicle sales cross one million for second consecutive year

    Source: Government of India

    Source: Government of India (4)

    India’s passenger vehicle sales crossed the one million mark for the second consecutive April–June quarter (Q1), with exports showing strong double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.

    Passenger vehicle exports — including utility vehicles and cars — reached a record high of 2.04 lakh units in Q1 of 2025–26, marking a 13.2% rise over the same period last year.

    SIAM attributed the growth to steady demand in key overseas markets, with the Middle East and Latin America performing well, alongside a revival in neighbouring countries like Sri Lanka and Nepal. Rising demand from Japan and higher exports under free trade agreements, including with Australia, also contributed to the uptick.

    Two-wheeler exports rose to 1.14 million units, recording a robust 23.2% growth compared to Q1 last year. This was supported by recovery in neighbouring markets and continued momentum in major destinations.

    Exports of three-wheelers climbed to 0.96 lakh units, an increase of 34.4% year-on-year, while commercial vehicle exports grew by 23.4% to around 0.2 lakh units.

    Despite the positive export figures, domestic passenger vehicle sales in Q1 stood at 1.01 million units — down 1.4% compared to the same quarter last year — due to slower sales in the latter part of the quarter.

    The two-wheeler segment sold 4.67 million units, posting a 6.2% decline year-on-year, largely due to inventory corrections. However, retail registrations for two-wheelers rose by 5%, boosted by the wedding season and stable demand. The scooter segment’s share within two-wheelers also increased by 2.15% year-on-year.

    The three-wheeler category recorded its highest ever Q1 sales at 1.65 lakh units, mainly driven by strong demand in the passenger carrier segment. SIAM noted that increased economic activity and urban mobility needs supported this growth, while the cargo segment’s retail registrations continued to rise on the back of demand for intracity low-load transport and easier financing.

    Meanwhile, the commercial vehicle segment saw a marginal decline of 0.6% year-on-year to 2.23 lakh units, though passenger carriers within the category maintained positive growth, reflecting steady demand for public transport.

    Looking ahead, SIAM said the industry remains cautiously optimistic for the second quarter. The upcoming festive season, an above-normal monsoon aiding rural incomes, and the Reserve Bank of India’s recent 100-basis-point repo rate cut over six months could help lift demand for passenger vehicles and two-wheelers.

    However, SIAM cautioned that supply-side challenges persist, particularly the recent export licensing requirements imposed by China on rare earth magnets, which are critical components for vehicle manufacturing.

    — IANS

  • MIL-OSI: Hut 8 Rebrands to Align External Positioning with Power-First, Platform-Driven Business Model

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 15, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced a corporate rebrand that aligns the Company’s external positioning with its strategic focus on energy and digital infrastructure through an integrated platform model focused on disciplined capital allocation, operational rigor, and relentless performance optimization.

    “Our new brand enables us to more clearly express what has always set Hut 8 apart: a power-first, innovation-driven approach to developing, commercializing, and operating next-generation digital infrastructure,” said Asher Genoot, CEO of Hut 8. “Since our merger of equals, we have scaled with discipline across each layer of our platform, institutionalized the broader business, and executed with the rigor we believe is required to deliver outsized long-term value for our investors. Our new brand embeds our platform-driven strategy into our external positioning and sharpens how we articulate our business model, structural advantages, and approach to long-term value creation to the market.”

    The Company’s rebrand follows over a year of disciplined strategic, operational, and capital markets execution under new leadership, which has solidified Hut 8’s position as a power-first, innovation-driven developer of energy and digital infrastructure. Since the merger of Hut 8 Mining Corp. with U.S. Data Mining Group, Inc. (“US Bitcoin Corp”) in November 2023, the Company has:

    • Expanded its energy infrastructure platform to 1,020 megawatts (“MW”) under management across 15 sites as of March 31, 2025, which includes scaled behind-the-meter operations at King Mountain (280 MW) and Vega (205 MW)
    • Built a high-velocity, utility-scale power origination pipeline spanning ~10,800 MW of capacity as of March 31, 2025, a more than threefold increase from 3,000+ MW as of the end of Q2 2024, including ~2,600 MW under exclusivity, anchored by a power-native team led by former executives and team members from some of North America’s largest generation owners, utilities, energy investment firms, infrastructure developers, and trading desks
    • Advanced AI data center development opportunities comprising 430 MW of total capacity, including River Bend, a 592-acre campus in Louisiana where sitework is underway
    • Designed and commercialized a next-generation Tier I data center form factor for ASIC compute at Vega, which features a proprietary, rack-based, direct-to-chip liquid cooling system designed by Hut 8 to support ASIC deployments at densities of up to 180 kilowatts (“kW”) per rack, with initial customer discussions supporting the viability of this architecture for future iterations of liquid-cooled infrastructure to meet emerging HPC workloads and next-generation AI data center design
    • Restructured its Bitcoin mining business into a standalone entity through the launch of American Bitcoin Corp. (“American Bitcoin”), creating a dedicated Bitcoin accumulation vehicle that can scale independently without diverting capital from the Company’s core Power and Digital Infrastructure businesses
    • Scaled lower volatility, contracted businesses, executing an ASIC Colocation agreement with BITMAIN at Vega, ASIC Colocation and Managed Services agreements with American Bitcoin, and five-year capacity contracts with the Ontario Independent Electricity System Operator (“IESO”) for 310 MW of Power Generation assets
    • Executed innovative, dilution-sensitive financings, including: (i) an upsized Coinbase credit facility, increased from $65 million to $130 million, with a fixed interest rate of 9.0%, compared to a stated interest rate ranging from 10.5% to 11.5% between the quarter ended December 31, 2023 and the quarter ended March 31, 2025; (ii) a Bitcoin-backed call option structure used to fund the Company’s purchase of machines from BITMAIN; (iii) a covered call program that generated more than $20 million in net proceeds from premiums on Bitcoin held in reserve in fiscal year 2024; and (iv) an at-the-market (“ATM”) equity offering program through which $275.5 million in net proceeds has been raised at a weighted average price of $28.23 per share as of March 31, 2025
    • Deepened institutional alignment, supporting growth in institutional ownership from approximately 12% at the end of Q1 2024 to approximately 55% at year-end 2024, marked by milestones like a strategic investment from Coatue, the conversion of the Company’s Anchorage loan to equity, the onboarding of a Big 4 audit firm, and the hiring of seasoned veterans from the power and digital infrastructure sectors
    • Realigned its reporting structure to provide a clearer, more comprehensive view of how each layer of the Company’s platform—Power, Digital Infrastructure, and Compute—contributes to growth, profitability, and value creation in the context of the overall business

    The Hut 8 name remains unchanged, reflecting the Company’s continued alignment with the legacy of technical innovation that defines its namesake. Named for the building at Bletchley Park where Alan Turing led foundational work in computer science and artificial intelligence during World War II, the Company carries forward that legacy today at the intersection of energy and technology.

    The rebrand does not impact Hut 8’s existing relationships, agreements, and operations. The Company’s updated website is now live at hut8.com.

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company’s strategic focus on energy and digital infrastructure through an integrated platform model focused on disciplined capital allocation, operational rigor, and relentless performance optimization, the viability of the Company’s proprietary system to support future iterations of liquid-cooled infrastructure to meet emerging HPC workloads and next-generation AI data center design, the ability of American Bitcoin to scale without diverting capital from the Company’s core Power and Digital Infrastructure businesses, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    The MIL Network –

  • MIL-OSI: Hut 8 Rebrands to Align External Positioning with Power-First, Platform-Driven Business Model

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 15, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced a corporate rebrand that aligns the Company’s external positioning with its strategic focus on energy and digital infrastructure through an integrated platform model focused on disciplined capital allocation, operational rigor, and relentless performance optimization.

    “Our new brand enables us to more clearly express what has always set Hut 8 apart: a power-first, innovation-driven approach to developing, commercializing, and operating next-generation digital infrastructure,” said Asher Genoot, CEO of Hut 8. “Since our merger of equals, we have scaled with discipline across each layer of our platform, institutionalized the broader business, and executed with the rigor we believe is required to deliver outsized long-term value for our investors. Our new brand embeds our platform-driven strategy into our external positioning and sharpens how we articulate our business model, structural advantages, and approach to long-term value creation to the market.”

    The Company’s rebrand follows over a year of disciplined strategic, operational, and capital markets execution under new leadership, which has solidified Hut 8’s position as a power-first, innovation-driven developer of energy and digital infrastructure. Since the merger of Hut 8 Mining Corp. with U.S. Data Mining Group, Inc. (“US Bitcoin Corp”) in November 2023, the Company has:

    • Expanded its energy infrastructure platform to 1,020 megawatts (“MW”) under management across 15 sites as of March 31, 2025, which includes scaled behind-the-meter operations at King Mountain (280 MW) and Vega (205 MW)
    • Built a high-velocity, utility-scale power origination pipeline spanning ~10,800 MW of capacity as of March 31, 2025, a more than threefold increase from 3,000+ MW as of the end of Q2 2024, including ~2,600 MW under exclusivity, anchored by a power-native team led by former executives and team members from some of North America’s largest generation owners, utilities, energy investment firms, infrastructure developers, and trading desks
    • Advanced AI data center development opportunities comprising 430 MW of total capacity, including River Bend, a 592-acre campus in Louisiana where sitework is underway
    • Designed and commercialized a next-generation Tier I data center form factor for ASIC compute at Vega, which features a proprietary, rack-based, direct-to-chip liquid cooling system designed by Hut 8 to support ASIC deployments at densities of up to 180 kilowatts (“kW”) per rack, with initial customer discussions supporting the viability of this architecture for future iterations of liquid-cooled infrastructure to meet emerging HPC workloads and next-generation AI data center design
    • Restructured its Bitcoin mining business into a standalone entity through the launch of American Bitcoin Corp. (“American Bitcoin”), creating a dedicated Bitcoin accumulation vehicle that can scale independently without diverting capital from the Company’s core Power and Digital Infrastructure businesses
    • Scaled lower volatility, contracted businesses, executing an ASIC Colocation agreement with BITMAIN at Vega, ASIC Colocation and Managed Services agreements with American Bitcoin, and five-year capacity contracts with the Ontario Independent Electricity System Operator (“IESO”) for 310 MW of Power Generation assets
    • Executed innovative, dilution-sensitive financings, including: (i) an upsized Coinbase credit facility, increased from $65 million to $130 million, with a fixed interest rate of 9.0%, compared to a stated interest rate ranging from 10.5% to 11.5% between the quarter ended December 31, 2023 and the quarter ended March 31, 2025; (ii) a Bitcoin-backed call option structure used to fund the Company’s purchase of machines from BITMAIN; (iii) a covered call program that generated more than $20 million in net proceeds from premiums on Bitcoin held in reserve in fiscal year 2024; and (iv) an at-the-market (“ATM”) equity offering program through which $275.5 million in net proceeds has been raised at a weighted average price of $28.23 per share as of March 31, 2025
    • Deepened institutional alignment, supporting growth in institutional ownership from approximately 12% at the end of Q1 2024 to approximately 55% at year-end 2024, marked by milestones like a strategic investment from Coatue, the conversion of the Company’s Anchorage loan to equity, the onboarding of a Big 4 audit firm, and the hiring of seasoned veterans from the power and digital infrastructure sectors
    • Realigned its reporting structure to provide a clearer, more comprehensive view of how each layer of the Company’s platform—Power, Digital Infrastructure, and Compute—contributes to growth, profitability, and value creation in the context of the overall business

    The Hut 8 name remains unchanged, reflecting the Company’s continued alignment with the legacy of technical innovation that defines its namesake. Named for the building at Bletchley Park where Alan Turing led foundational work in computer science and artificial intelligence during World War II, the Company carries forward that legacy today at the intersection of energy and technology.

    The rebrand does not impact Hut 8’s existing relationships, agreements, and operations. The Company’s updated website is now live at hut8.com.

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company’s strategic focus on energy and digital infrastructure through an integrated platform model focused on disciplined capital allocation, operational rigor, and relentless performance optimization, the viability of the Company’s proprietary system to support future iterations of liquid-cooled infrastructure to meet emerging HPC workloads and next-generation AI data center design, the ability of American Bitcoin to scale without diverting capital from the Company’s core Power and Digital Infrastructure businesses, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    The MIL Network –

  • MIL-OSI: Hut 8 Rebrands to Align External Positioning with Power-First, Platform-Driven Business Model

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 15, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced a corporate rebrand that aligns the Company’s external positioning with its strategic focus on energy and digital infrastructure through an integrated platform model focused on disciplined capital allocation, operational rigor, and relentless performance optimization.

    “Our new brand enables us to more clearly express what has always set Hut 8 apart: a power-first, innovation-driven approach to developing, commercializing, and operating next-generation digital infrastructure,” said Asher Genoot, CEO of Hut 8. “Since our merger of equals, we have scaled with discipline across each layer of our platform, institutionalized the broader business, and executed with the rigor we believe is required to deliver outsized long-term value for our investors. Our new brand embeds our platform-driven strategy into our external positioning and sharpens how we articulate our business model, structural advantages, and approach to long-term value creation to the market.”

    The Company’s rebrand follows over a year of disciplined strategic, operational, and capital markets execution under new leadership, which has solidified Hut 8’s position as a power-first, innovation-driven developer of energy and digital infrastructure. Since the merger of Hut 8 Mining Corp. with U.S. Data Mining Group, Inc. (“US Bitcoin Corp”) in November 2023, the Company has:

    • Expanded its energy infrastructure platform to 1,020 megawatts (“MW”) under management across 15 sites as of March 31, 2025, which includes scaled behind-the-meter operations at King Mountain (280 MW) and Vega (205 MW)
    • Built a high-velocity, utility-scale power origination pipeline spanning ~10,800 MW of capacity as of March 31, 2025, a more than threefold increase from 3,000+ MW as of the end of Q2 2024, including ~2,600 MW under exclusivity, anchored by a power-native team led by former executives and team members from some of North America’s largest generation owners, utilities, energy investment firms, infrastructure developers, and trading desks
    • Advanced AI data center development opportunities comprising 430 MW of total capacity, including River Bend, a 592-acre campus in Louisiana where sitework is underway
    • Designed and commercialized a next-generation Tier I data center form factor for ASIC compute at Vega, which features a proprietary, rack-based, direct-to-chip liquid cooling system designed by Hut 8 to support ASIC deployments at densities of up to 180 kilowatts (“kW”) per rack, with initial customer discussions supporting the viability of this architecture for future iterations of liquid-cooled infrastructure to meet emerging HPC workloads and next-generation AI data center design
    • Restructured its Bitcoin mining business into a standalone entity through the launch of American Bitcoin Corp. (“American Bitcoin”), creating a dedicated Bitcoin accumulation vehicle that can scale independently without diverting capital from the Company’s core Power and Digital Infrastructure businesses
    • Scaled lower volatility, contracted businesses, executing an ASIC Colocation agreement with BITMAIN at Vega, ASIC Colocation and Managed Services agreements with American Bitcoin, and five-year capacity contracts with the Ontario Independent Electricity System Operator (“IESO”) for 310 MW of Power Generation assets
    • Executed innovative, dilution-sensitive financings, including: (i) an upsized Coinbase credit facility, increased from $65 million to $130 million, with a fixed interest rate of 9.0%, compared to a stated interest rate ranging from 10.5% to 11.5% between the quarter ended December 31, 2023 and the quarter ended March 31, 2025; (ii) a Bitcoin-backed call option structure used to fund the Company’s purchase of machines from BITMAIN; (iii) a covered call program that generated more than $20 million in net proceeds from premiums on Bitcoin held in reserve in fiscal year 2024; and (iv) an at-the-market (“ATM”) equity offering program through which $275.5 million in net proceeds has been raised at a weighted average price of $28.23 per share as of March 31, 2025
    • Deepened institutional alignment, supporting growth in institutional ownership from approximately 12% at the end of Q1 2024 to approximately 55% at year-end 2024, marked by milestones like a strategic investment from Coatue, the conversion of the Company’s Anchorage loan to equity, the onboarding of a Big 4 audit firm, and the hiring of seasoned veterans from the power and digital infrastructure sectors
    • Realigned its reporting structure to provide a clearer, more comprehensive view of how each layer of the Company’s platform—Power, Digital Infrastructure, and Compute—contributes to growth, profitability, and value creation in the context of the overall business

    The Hut 8 name remains unchanged, reflecting the Company’s continued alignment with the legacy of technical innovation that defines its namesake. Named for the building at Bletchley Park where Alan Turing led foundational work in computer science and artificial intelligence during World War II, the Company carries forward that legacy today at the intersection of energy and technology.

    The rebrand does not impact Hut 8’s existing relationships, agreements, and operations. The Company’s updated website is now live at hut8.com.

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company’s strategic focus on energy and digital infrastructure through an integrated platform model focused on disciplined capital allocation, operational rigor, and relentless performance optimization, the viability of the Company’s proprietary system to support future iterations of liquid-cooled infrastructure to meet emerging HPC workloads and next-generation AI data center design, the ability of American Bitcoin to scale without diverting capital from the Company’s core Power and Digital Infrastructure businesses, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    The MIL Network –

  • MIL-OSI Africa: Ethiopia: Médecins sans frontières (MSF) releases findings of internal review into 2021 Tigray killing of three staff members

    Source: APO


    .

    • Four years on since the brutal killing of our colleagues in Tigray, Ethiopia, MSF is releasing the findings of our own internal review.
    • Our findings show that the attack on María Hernández Matas, Tedros Gebremariam Gebremichael, and Yohannes Halefom Reda, was the intentional and targeted killing of clearly identified aid workers.
    • MSF has requested a formal and transparent investigation be carried out by the Ethiopian authorities many times since their killing in June 2021.

    Médecins Sans Frontières (MSF) has published the findings of an internal review into the brutal killing of three of our staff members — María Hernández Matas, Tedros Gebremariam Gebremichael, and Yohannes Halefom Reda — in central Tigray, Ethiopia, on 24 June 2021.

    The review confirmed that the attack was an intentional and targeted killing of three clearly identified aid workers. It also established that a convoy of Ethiopian National Defense Forces (ENDF) was present at the time of the incident, on the same road where the MSF personnel were killed.

    María, Tedros, and Yohannes were working with MSF to provide medical care in the conflict-affected region of Tigray. On 24 June 2021, they were travelling in a clearly marked MSF vehicle to a village near Abi Adi town in central Tigray to refer patients who had been wounded in recent fighting. During their journey, their vehicle was intercepted, and they were killed.

    Four years on, MSF still does not have credible answers about what happened to our colleagues, despite tireless attempts to engage with both the Federal Democratic Republic of Ethiopia (FDRE) and the Tigray People’s Liberation Front (TPLF) — both of whose forces were present in the wider conflict zone.

    “Despite repeated assurances from the Ethiopian authorities that an investigation was underway, four years on, neither MSF nor the victims’ families have received any credible answers,” says Paula Gil, President of MSF Spain. “We can only assume that there is insufficient political will to share the findings of a completed investigation.”

    “In the absence of any official account, we have a moral obligation towards our staff and the families of our late colleagues to make our own findings public – a necessary step to shed light on a brutal killing that must not be ignored or buried,” says Gil.

    Immediately after the incident, MSF launched an internal review – our standard practice following a critical security incident. The evidence confirmed that the attack on the MSF team was intentional and targeted. The victims — all wearing white vests clearly marked with the MSF logo and traveling in a vehicle visibly displaying the MSF logo and flag — were shot multiple times at close range, while facing their attacker. Their bodies were found up to 400 metres from their vehicle, which was burned and riddled with bullets.

    “This was not the result of crossfire, nor was it a tragic mistake. Our colleagues were killed in what can only be described as a deliberate attack,” adds Gil.

    MSF’s internal review also clearly established that a large retreating convoy of the ENDF was moving south on the same stretch of road where MSF’s staff members were killed on the day of the attack. This was corroborated by multiple sources available in the public domain, including media reports and open-source satellite imagery, as well as several civilian witnesses.

    Beyond the confirmed presence of the ENDF in the area, what remains to be clarified is the extent and nature of their involvement in the attack. MSF received concerning witness accounts — including from civilians travelling with the ENDF convoy in various capacities — that directly implicated ENDF soldiers in the attack. One witness reported overhearing a radio exchange where an ENDF commander gave orders to “shoot” at an approaching white car and “remove them”.

    Since 2021, MSF has held over 20 high-level meetings with officials in the Ethiopian government and submitted numerous formal requests for a credible, transparent investigation to be carried out, and for findings to be shared.

    “Over the past four years, we have done everything in our power to engage constructively with the Ethiopian authorities, including sharing the findings of our internal review on several occasions between November 2021 and October 2023, along with supporting materials, with the Ministry of Justice,” says Gil.

    “MSF’s review clearly demonstrates that it was — and remains — feasible to establish the facts about the incident,” says Gil. “Given this, and the substantiated information confirming ENDF presence at the time of the attack, it is both unconscionable and unacceptable that the Ethiopian authorities have consistently failed to conclude a credible investigation and share its findings.”

    MSF is making this internal review public not only out of moral obligation, but also to demand that governments protect humanitarian workers and medical facilities and that those responsible for attacks on humanitarians and medical staff are held accountable. Attacks on humanitarian personnel are rising globally, while states increasingly neglect their duty to investigate and prosecute violations of international humanitarian law, and the international community continues to look away.

    The brutal killing of María, Tedros, and Yohannes is an emblematic case of the dangers faced by humanitarian workers. If there is no investigation of such an egregious attack, it sets a dangerous precedent in Ethiopia and reinforces an alarming pattern of impunity for attacks on healthcare globally.

    “María, Tedros, and Yohannes lost their lives while helping people in crisis,” says Gil. “They are in our thoughts every day. Their murder must not be forgotten or met with silence. MSF hopes that by pursuing the truth of what happened to them, we can contribute to building a safer environment for humanitarians — not only in Ethiopia, but in conflict zones around the world.”

    Distributed by APO Group on behalf of Médecins sans frontières (MSF).

    MIL OSI Africa –

  • MIL-OSI Africa: Call for caution amid increased road fatalities

    Source: Government of South Africa

    Tuesday, July 15, 2025

    The Road Traffic Management Corporation (RTMC) has reiterated its call to motorists to exercise caution and show respect to each other on the roads.

    This call comes after a spate of fatal crashes that claimed 15 lives since last Thursday.

    The RTMC expressed concern over the increase in road fatalities, attributing the collisions to reckless and negligent driving. In all three incidents, vehicles were involved in head-on collisions.

    On Sunday, 13 July 2025, two vehicles collided on the N18, approximately 40km from Mahikeng toward Setlagole in the Ngaka Modiri Molema District, North West Province. Four people died on the scene. A fifth victim’s body was later discovered when fire emergency vehicles were booked into the South African Police Service pound for safekeeping.

    Another fatal crash in North West occurred on Friday, when four vehicles were involved in a multi-car crash on the N4 between Swartruggens and Groot Marico, resulting in five deaths.

    “It is alleged that one vehicle collided with another [and] two other vehicles also crashed into each other at the scene,” RTMC spokesperson, Simon Zwane said.

    On Thursday, five more people, including a toddler, were killed in the Northern Cape when a light delivery vehicle that was being chased by the police collided head-on with another vehicle travelling in the opposite direction. The crash took place on the N18 near Hartswater. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Russia: Israel intercepts drone launched from Yemen towards Red Sea resort

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    JERUSALEM, July 15 (Xinhua) — Israel said Tuesday it intercepted a drone launched by Houthi forces in Yemen toward the Red Sea city of Eilat.

    “The Israeli Air Force intercepted an unmanned aerial vehicle that was launched from Yemen,” the Israeli army said in a statement.

    Since the start of the Gaza war in October 2023, Houthi forces have fired dozens of rockets and drones into Israel to show solidarity with the Palestinians. Most of the missiles were intercepted or failed to reach their targets. Israel responded with a series of strikes on ports and other infrastructure in Yemen. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI: MEXC Research Report Unveils 2025 ROI Benchmarks and Launchpad Landscape Performance Metrics

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 15, 2025 (GLOBE NEWSWIRE) — MEXC Research, the industry research arm of global cryptocurrency exchange MEXC, has released a comprehensive industry report titled “From ICO to Launchpad”, analyzing the evolution of token offering models and their structural impact on the crypto ecosystem. As the industry experiences a revival in launchpad activity, the report compares centralized exchange (CEX) and decentralized exchange (DEX) platforms through performance metrics, user access design, and long-term sustainability.

    Amid renewed bullish momentum, launchpads have become a core mechanism for distributing new tokens. However, most users face opaque allocation models, inconsistent valuation standards, and limited access to early-stage projects. The MEXC Research report provides one of the most detailed comparative breakdowns of launchpad mechanics to date, highlighting both opportunities and critical flaws in the current model.

    Key Takeaways:

    • MEXC Launchpad launched 5 projects in H1 2025 with an average peak ROI of 10.83x, using a dual-pool, no-VIP model.
    • Bybit delivered the highest single-project return in 2025 (Xterio, 14.71x), but required staking tiers and VIP levels for access.
    • Gate.io offered the lowest financial barrier to participate (1 USDT minimum), but most allocation went to stakers.
    • DEX models gained retail popularity for open access, but face growing fraud risks and price volatility.

    Key Performance Findings

    Using data sourced from CryptoRank and official disclosures, the report compares dozens of token launches across major platforms, revealing significant differences in ROI performance, access mechanics, and allocation fairness.

    MEXC ranked first in the number of launchpad projects in H1 2025, with five new listings and an average peak ROI of 10.83x. Its model is noted for offering fixed allocations and dual pool participation without VIP requirements — a structure that aims to improve retail accessibility.

    Bybit led in peak ROI performance, with its Xterio token reaching a 14.71x return, but used a tiered access model that required users to lock substantial funds in advance. Meanwhile, Gate.io was recognized for its low minimum participation requirement (1 USDT) and a flat subscription model; however, its snapshot period gives early participants a higher allocation, introducing a time-based differentiation.

    DEX platforms like Pump.fun showed extreme virality and open access, but also raised concerns about volatility, rug risk, and lack of vetting. This comparative analysis gives users and builders a clearer picture of not just where returns can be highest, but also how accessible and transparent those returns are for the average participant.

    Systemic Trade-Offs: Fairness, Speed, and Long-Term Value

    The report highlights several structural dilemmas embedded in launchpad design. CEX-based offerings bring brand trust, liquidity support, and product integrations — yet frequently favor large token holders or early insiders. On the other hand, DEX-based platforms democratize participation through bonding curves or open auctions, but are plagued by manipulation and scam projects due to limited due diligence.

    Importantly, the research underlines that many Launchpads now serve more as marketing tools or liquidity events than long-term growth vehicles. Overvalued Fully Diluted Valuations (FDVs), low circulating supplies, and immediate post-launch drawdowns have become systemic issues. This model benefits early sellers and platforms, but undermines holder confidence and ecosystem development.

    Emerging Trends in Token Offerings

    The report identifies three emerging models that may shape the future of token distribution:

    1. Fair Launches with Dynamic Pricing — Projects like pump.fun are experimenting with bonding curves to democratize access, but need stronger safeguards against manipulation.
    2. Contribution-Based Allocation — Platforms like Virtuals Genesis reward ecosystem participation (e.g. holding NFTs, using testnets) rather than staking capital, encouraging organic growth.
    3. CEX-Led Incubation Models — Exchanges like MEXC are expanding beyond token sales by offering staking, marketing support, and liquidity bootstrapping, turning launchpads into full-cycle growth accelerators.

    These formats point toward a hybrid future where trust and security from CEXs meet the openness and virality of DEX mechanics, but with stricter risk controls and better value alignment.

    Call to Action Toward a More Equitable Fundraising Architecture

    The report concludes with a set of recommendations to improve the integrity of launchpads in the next growth cycle. These include:

    • Implementing valuation caps to avoid inflated FDVs
    • Expanding public round allocation ratios
    • Replacing VIP-only access with flexible qualification criteria
    • Offering post-launch accountability and roadmap tracking

    The resurgence of launchpad activity in 2025 reflects more than just market optimism — it underscores a deeper shift in how value, access, and community are structured in the crypto economy. MEXC Research’s report not only compares past and present launchpad performance, but also serves as a blueprint for where the industry must go next. For retail users, it offers clarity. For projects, it offers benchmarks. And for platforms, it delivers a timely warning: in a market defined by momentum and trust, outdated mechanics will quickly be left behind.

    Read the full report on MEXC Learn.

    About MEXC Research

    MEXC Research is the market analysis and industry research arm of global cryptocurrency exchange MEXC. It provides institutional-grade insights, user behavior analytics, and infrastructure assessments to inform the next era of Web3 growth.

    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c220601-0981-44d8-afb8-a6436f779718

    The MIL Network –

  • Madhya Pradesh CM wraps up Dubai visit with strong investment pitch and strategic partnerships

    Source: Government of India

    Source: Government of India (4)

    Madhya Pradesh Chief Minister Dr. Mohan Yadav wrapped up his three-day official visit to the United Arab Emirates today, delivering a compelling investment pitch that’s already generating significant interest from global investors. The Chief Minister’s packed Dubai schedule included high-level meetings with UAE government officials, business leaders, and Indian diaspora members,  all focused on positioning Madhya Pradesh as India’s next major investment destination.

    At the ‘Madhya Pradesh Business Investment Forum‘ hosted alongside the Indian Business and Professional Council, Dr. Yadav made his case directly to potential investors. “Madhya Pradesh invites you to invest, with endless possibilities in all sectors,” he declared, highlighting the state’s new business-friendly policies and commitment to adapting to entrepreneur needs. The Chief Minister’s promise? Businesses can launch operations within just thirty days, thanks to a dedicated Investment Facilitation Cell, reduced red tape, and a transparent land allotment system.

    The numbers tell the story. Senior officials outlined the Industrial Policy 2025 and MSME Policy 2025, offering up to fifty percent support on capital expenses, complete stamp duty exemptions, and targeted subsidies across green infrastructure, research and development, exports, and industrial housing. Additional Chief Secretary Sanjay Dubey made a striking claim about the state’s high-tech push into semiconductors, space technology, and deeptech sectors. “On day one, investors in our data center sector can be cash-positive. That’s the kind of policy backing we offer,” he announced, revealing plans for new Centres of Excellence and innovative funding models.

    Consul General of India in Dubai, Satish Kumar Sivan, placed the visit in broader context, calling the India-UAE relationship “one of the most consequential bilateral partnerships in the world today.” He pointed to the dramatic surge in trade since the 2022 Comprehensive Economic Partnership Agreement, emphasizing Madhya Pradesh’s competitive advantages in agriculture, renewables, tourism, and digital economy. New opportunities are emerging too… including Bharat Mart, a logistics platform for Indian small businesses launching in Jebel Ali, and the integration of India’s UPI payment system with the UAE’s AANI network.

    The Chief Minister’s diplomatic offensive included a crucial meeting with UAE Minister of State for Foreign Trade Dr. Thani Bin Ahmed Al Zeyoudi, plus corporate discussions with heavyweights like Emirates, Lulu Group, DP World, Texmas, G42, Sharaf DG, Tata Group, and Gulf Islamic Investments. Dr. Yadav also toured key facilities including the BAPS Hindu Mandir and Dubai Textile City, culminating in a significant MoU signing with Texmas to strengthen textile and industrial collaboration.

    The visit balanced business with community engagement. A cultural and networking event at JW Marriott brought together the Indian diaspora, while a tourism investment roundtable and business forum featured detailed presentations from state officials. “Madhya Pradesh, with its strength in food processing, textiles, green energy, wellness, and startups, is ready to become a hub for global business,” Dr. Yadav concluded, expressing confidence that this visit marks the beginning of a new chapter in UAE-MP economic cooperation.

    The Chief Minister’s Dubai mission appears to have struck the right chord with investors and officials alike, setting the stage for what could be a significant expansion of economic ties between the UAE and one of India’s fastest-growing states.

  • Astronaut Shubhanshu Shukla’s space mission will boost India’s Gaganyaan project: ISRO

    Source: Government of India

    Source: Government of India (4)

    Indian astronaut Shubhanshu Shukla’s space mission will play a crucial role in India’s first manned spaceflight under the Gaganyaan programme, the Indian Space Research Organisation (ISRO) said on Monday. Shukla became the first Indian in 41 years to travel to space where he undertook scientific experiments aboard the International Space Station (ISS).

    “This has been an unforgettable experience for him (Shubhanshu Shukla). He carried out multiple experiments aboard the Space Shuttle and the International Space Station. After experiencing space and microgravity, he conducted several scientific tests. This mission has been a major learning opportunity for us. ISRO took up this mission to gather experience that will help us in our Gaganyaan programme,” said Nilesh M Desai, Director, Space Applications Centre, ISRO.

    He added that the Gaganyaan mission will begin with an unmanned flight later this year.

    “As part of our programme, we will launch an unmanned mission this year, followed by two more unmanned flights. After that, an Indian astronaut will be sent into space onboard the Gaganyaan spacecraft. The astronaut will stay in space for two to seven days and return to Earth. The experience gained by Shubhanshu Shukla during his time on the ISS will be extremely valuable for the Gaganyaan programme planned over the next two years,” he said.

    According to ISRO, about Rs 600 crore were spent on the Axiom-4 mission, including astronauts training and related costs.

    “Around Rs 600 crore were spent on this mission, covering training for two astronauts and other space journey preparations. The insights gained in space will help us enhance the success of the Gaganyaan mission,” Desai mentioned.

    He also emphasized the importance of the India-US space cooperation and pact signed between ISRO and NASA during Prime Minister Narendra Modi’s US visit.

    “With the new information we have gathered, we can plan the Gaganyaan mission more effectively. This mission was done in collaboration with NASA and SpaceX. During the Indian Prime Minister’s recent visit to the US, an agreement was signed between ISRO and NASA allowing one Indian astronaut to travel to the ISS under a US mission,” said Desai.

    ISRO said that although two astronauts were trained, only one went to space while the other served as a backup. “This was a planned mission by ISRO. Two Indian astronauts were given comprehensive training in the US over five to six months for space travel. Both completed their full training, but only one was chosen to go to the ISS. The other served as a backup,” he further added.

    “Shubhanshu Shukla was accompanied by another astronaut, Prashant Nair, who was fully prepared to step in if needed. However, there was no requirement for that. Shukla was launched aboard the Dragonfly spacecraft using the Falcon launch vehicle from SpaceX on June 25. It docked with the International Space Station on June 26. He conducted various scientific experiments during his space mission, and today the spacecraft was undocked. We are hopeful it will return safely to Earth at 3 PM IST on July 15,” Desai said.

    The undocking of AX-4 mission took place at around 4:35 AM IST on Monday with assistance from the ISS. After travelling for over 22 and a half hours, the Dragonfly spacecraft is expected to land on the California coast at 3 PM IST. Following recovery, the astronauts will undergo medical check-ups and rehabilitation.

    (ANI)

  • MIL-OSI Russia: Seven killed after truck plunges into ravine in eastern Indonesia

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    JAKARTA, July 15 (Xinhua) — Seven people were killed after a pickup truck carrying 20 people fell into a ravine in a hilly area in Indonesia’s South Sulawesi province on Saturday, local media reported Tuesday.

    The truck was carrying people who were attending a funeral ceremony nearby when it reportedly overturned on a sharp turn in Lembang Sereale area of Tikal County, North Toraja province.

    Local traffic police are investigating the incident, suspecting that driver fatigue was the cause of the accident.

    The Southeast Asian country is plagued by fatal traffic accidents due to overloading, poor road conditions and careless driving. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI China: Nvidia CEO lauds China’s AI development

    Source: People’s Republic of China – State Council News

    Jensen Huang, CEO of U.S. tech giant Nvidia, on Tuesday praised China’s rapid advancements in artificial intelligence (AI) during his visit to Beijing, describing the Chinese market as both “large” and “dynamic.”

    “AI is moving very fast in China,” Huang said in an interview here, highlighting the thriving AI ecosystem in China and pointing to the abundance of startups and major cloud service providers.

    Huang emphasized China’s strong talent pool, noting that China is home to 50 percent of the world’s AI researchers.

    “AI is being applied to everything from consumer applications, internet shopping, grocery delivery to self-driving cars and all these incredible applications” in China, Huang said.

    He said he is “very happy” to see the development of AI in the country, attributing it to the country’s robust education in science and mathematics.

    Nvidia’s H20 chips will soon be available in the Chinese market again as the U.S. government has approved for the company filing licenses to start shipping H20s to China, Huang said.

    “I’m looking forward to shipping H20s very soon. So I’m very happy with that very, very good news,” he said.

    This is Huang’s third visit to China since the start of 2025. Huang will attend the opening ceremony of the third China International Supply Chain Expo on Wednesday and participate in related activities.

    MIL OSI China News –

  • MIL-OSI China: Upcoming expo in Beijing to foster global supply chain stability, resilience

    Source: People’s Republic of China – State Council News

    This photo taken on July 14, 2025 shows the booth of Apple at the digital technology section of the upcoming third China International Supply Chain Expo (CISCE) in Beijing, capital of China. The third China International Supply Chain Expo (CISCE), scheduled on July 16-20 in Beijing, is expected to focus on supply chains of advanced manufacturing, clean energy, smart vehicles, digital technology, healthy life and green agriculture. [Photo/Xinhua]

    China will open the third China International Supply Chain Expo (CISCE) in Beijing on Wednesday, rallying multinational giants including Nvidia, Apple, and Airbus to showcase industrial resilience and cross-border collaboration.

    With 651 enterprises and institutions from 75 countries, regions and international organizations participating –including a notable 15 percent year-on-year increase in U.S. exhibitors — the event signals robust international commitment to stabilizing supply chains.

    Global giants are actively engaging. U.S. tech giant Nvidia is expected to make its debut at the expo, presenting cutting-edge robots featuring Nvidia chips. Airbus will also make its inaugural appearance, bringing its global supply chain collaborators to present the comprehensive ecosystem of the large aircraft industry.

    Nvidia CEO Jensen Huang will attend the opening ceremony of the expo on Wednesday and participate in related activities, according to the China Council for the Promotion of International Trade (CCPIT), the event’s organizer.

    In a meeting on Tuesday with Ren Hongbin, chairman of CCPIT, Huang said that the Chinese market is large and dynamic, and the development of artificial intelligence (AI) in China is advancing rapidly.

    “Multinational companies are realizing that maintaining their position in global supply chains necessitates a strong presence in China,” said Wang Yiwei, director of the Institute of International Affairs at Renmin University of China.

    Unlike traditional trade fairs focusing on goods or services, CISCE pioneers a unique “chain-centric” model that visualizes end-to-end industrial collaboration. In each exhibition hall, upstream, midstream and downstream companies cluster in adjacent booths, visually demonstrating their interdependence and synergy.

    Many companies across the supply chain will set up collaborative displays. For example, Apple is teaming up with Chinese suppliers for the third consecutive year to showcase cutting-edge technologies in smart manufacturing and green production.

    “Multinational corporations serve as anchor companies in global industries, thriving together with upstream and downstream partners worldwide. While advancing their own growth, these corporations strengthen global industrial and supply chain resilience,” Ren said.

    The third CISCE features nearly 100 high-level events, surpassing previous editions in scale and participation, according to Xu Liang, deputy secretary-general of the China Chamber of International Commerce.

    A key innovation for this edition is the “Debut Zone,” dedicated to the global premieres of new products, technologies, and ecosystems, showcasing breakthrough innovations that drive industrial collaboration, Xu noted.

    As the host, China will bring together a diverse group of leading state-owned and private enterprises showcasing the country’s green and digital transition. Among them, Zhejiang-based AI industry chain companies, such as Unitree Robotics, BrainCo, and Hikvision, will participate.

    “Through tangible examples of global supply chains at the expo, China demonstrates its firm resolve to advance globalization towards a more open, inclusive, balanced, and win-win future. It vividly embodies the concept of building a community with a shared future, where nations are interdependent,” Wang said.

    As the world’s first national-level exhibition focusing on supply chains, the expo is an internationally shared public product. First held in 2023, the expo has contributed to building more secure, stable, open and inclusive global industrial and supply chains, according to the CCPIT.

    The previous editions have seen fruitful outcomes, with the 2024 session catalyzing more than 200 cooperation deals worth 152 billion yuan (about 21.26 billion U.S. dollars), a 1.3 percent increase from its inaugural run in 2023.

    The expo will run from Wednesday to Sunday in Beijing, with public days commencing on Saturday.

    MIL OSI China News –

  • MIL-OSI United Kingdom: Changes to citywide parking charges imminent

    Source: City of York

    Published Monday, 14 July 2025

    Some changes to parking charges, based on feedback from local communities and businesses, will come into effect from this Thursday (17 July) in York.

    After attending consultative meetings with traders and listening to representations from local communities at a public Executive meeting last month (3 June), Executive Members agreed to several changes to car parking charges in the city, including a new pricing model. 

    The new pricing model introduces a price of £3 per hour (or £2.10 per hour for residents with a Minster discount badge) for a maximum of 3 hours in community car parks and residential areas outside the inner ring road, whilst maintaining previously approved charges in the heart of the city. This forms part of an evidence led approach to tackle traffic congestion and improve travel options for everybody.

    Councillor Kate Ravilious, Executive Member for Transport: 

    “Following the introduction of new charges across the city earlier in the year, we listened to what people were telling us and made some adjustments. These changes are now being put in place.

    “We’re grateful for those who’ve worked with us in reaching these decisions.

    “While we remain committed to tackling congestion and making it easier for everyone to get around, we recognise some of the uplift in charges in areas where they were previously very low has felt too much in one go. 

    “Alongside the changes to parking charges aimed at supporting residents and local businesses, we will continue to invest in improving bus services, including extending Park and Ride hours from the 20 July; and developing walking and cycling provision in York to provide alternative travel options in York.”

    Different car-parking charges will be applied depending on the area the parking is located in, with lower rates in community car parks and on-street areas serving residential and local high streets outside of the inner ring road. These car parks include: 

    Bishopthorpe Road car park; East Parade car park and Rowntree Park car park.

    Other changes that will come into effect, include:

    • On-street parking charges in areas outside of the inner ring road will move to the £3 per hour rate 
    • an increase in the discount for the Minster Badge to 30% of the standard parking charge, from the current 24% to reduce the impact of increased parking charges on residents
    • no Friday, Saturday, event uplift or evening charge at Community car parks or on-street parking areas outside of the inner ring road.
    • adjustment to charges in the Micklegate and Priory Street area to the ‘outside the inner ring road’ on-street parking rate. City centre evening parking rates for this area will still apply
    • removing the proposed charges for dedicated motorcycle bays, recognising that the motorcycle bays are generally in locations where a car space is not possible
    • increase the discount for Low Emission vehicle permits to 20%, from the current 16% discount to set a discount that better reflects the contribution of all types of vehicles to congestion and takes into account the land-use impact of vehicle parking 
    • Contract Parking permits will no longer be linked to Season Tickets, and will be set at last year’s prices, plus circa 5% increase, with a 20% discount for low emission vehicles
    • Coppergate car park will also be implementing cashless parking from 17 July, cash payments will still be accepted in Bootham Row and Castle Car Park

    These new charges will be reviewed to monitor their impact and to ensure they’ve been set at the right level.

    For more information on the parking charges review and the changes about to be implemented, visit our website: https://www.york.gov.uk/ParkingChargesReview 

    MIL OSI United Kingdom –

  • MIL-OSI: Form 8.3 – [MARLOWE PLC – 14 07 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 MARLOWE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 JULY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 NO

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 50p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,014,468 3.8390    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,014,468 3.8390    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    50p ORDINARY SALE 3,065 438.923p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 15 JULY 2025
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [MARLOWE PLC – 14 07 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 MARLOWE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 JULY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 NO

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 50p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,014,468 3.8390    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,014,468 3.8390    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    50p ORDINARY SALE 3,065 438.923p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 15 JULY 2025
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • Tesla debuts in India with Model Y, starting at ₹59.89 Lakh

    Source: Government of India

    Source: Government of India (4)

    Electric vehicle giant Tesla has officially entered the Indian market with the launch of its highly anticipated Model Y. The company introduced the rear-wheel drive (RWD) variant of the Model Y at a starting price of ₹59.89 lakh ($69,779) (ex-showroom), while the Long Range RWD version is priced at ₹67.89 lakh ($79,107) according to the company’s website.

    With this launch, India joins the growing list of countries offering Tesla’s popular all-electric SUV. Comparatively, the Model Y starts at $44,990 in the United States, 263,500 yuan ($36,764) in China, and €45,970 ($ 53,700) in Germany.

    Deliveries for the Model Y are scheduled to begin in the third quarter of 2025, with the vehicle initially available in Mumbai, Delhi, and Gurugram. On Tuesday, Tesla opened its first showroom—dubbed the “Experience Centre”—at Bandra Kurla Complex (BKC) in Mumbai. A second showroom is expected to open soon in New Delhi.

    Speaking at the inauguration of the Mumbai Experience Centre, Maharashtra Chief Minister Devendra Fadnavis welcomed Tesla’s arrival, stating, “This is not just the inauguration of an Experience Centre, but a statement that Tesla has arrived in the city of Mumbai—India’s entrepreneurial capital.”

    The Model Y brings competitive specifications to the Indian EV market. The RWD version offers a claimed range of up to 500 kilometers on a full charge, while the Long Range RWD trim delivers up to 622 kilometers. Tesla’s fast-charging technology enables the addition of up to 238 kilometers of range in just 15 minutes for the RWD model, and 267 kilometers for the Long Range version.

    Performance-wise, the Model Y RWD accelerates from 0 to 100 kmph in 5.9 seconds, while the Long Range RWD achieves the same in 5.6 seconds. Both variants have an electronically limited top speed of 201 kmph.

    Inside the cabin, the Model Y is packed with premium features. These include a 15.4-inch front touchscreen infotainment system, an 8-inch rear touchscreen, ventilated powered front seats, a heated and powered second-row, ambient lighting in the footwell and door pockets, wrap-around ambient lighting, and a nine-speaker audio system.

    Tesla’s India debut comes amid increasing interest in electric vehicles and a push for cleaner mobility solutions. The company’s entry is expected to boost EV adoption and infrastructure development across the country.

    (With agencies inputs)

  • MIL-OSI Russia: US tech giant Nvidia CEO praises China’s AI development

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 15 (Xinhua) — U.S. tech giant Nvidia CEO Jensen Huang praised China’s rapid progress in artificial intelligence (AI) during his visit to Beijing on Tuesday, calling the Chinese market “big” and “dynamic.”

    “AI is growing very fast in China,” Jensen Huang said in an interview, highlighting China’s thriving AI ecosystem and pointing to the abundance of startups and large cloud service providers.

    He added that China has a strong talent pool, noting that the country is home to 50 percent of the world’s artificial intelligence researchers.

    “AI is everywhere, from consumer apps, online shopping, grocery delivery to self-driving cars and other incredible applications,” added Jensen Huang.

    He said he was “very happy” to see the development of artificial intelligence in China, citing the high level of education in science and mathematics.

    On Wednesday, Jensen Huang will attend the opening ceremony of the 3rd China International Supply Chain Exposition (CISCE) and participate in related activities. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • Australia PM Albanese to discuss trade, security in meeting with China’s Xi Jinping

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese is expected to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on Tuesday, where he said resources trade, energy transition and security tensions are key topics for discussion.

    Albanese is due to meet Xi ahead of an annual leaders dialogue with Li, and later attend a business roundtable at the Great Hall of the People.

    Albanese said on Monday he looked forward to a “constructive dialogue” with the Chinese leaders.

    Australia, which regards the United States its major security ally, has pursued a China policy of “cooperate where we can, disagree where we must” under Albanese.

    Australia has expressed concern at China’s military build-up and the jailing of an Australian writer, while Beijing has criticised Canberra’s increased screening of foreign investment in critical minerals and Albanese’s pledge to return a Chinese-leased port to Australian ownership.

    Chinese state media outlet Xinhua said the relationship between the two countries, which have complementary economies, was steadily improving.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese has traveled with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX, and Fortescue FMG.AX, who met with Chinese steel industry officials on Monday, as part of a six-day visit.

    Bran Black, CEO of the Business Council of Australia, said Australia’s Bluescope Steel BSL.AX will also be at Tuesday’s business roundtable, along with China’s electric vehicle giant BYD 002594.SZ, Chinese banking executives, Baosteel and COFCO.

    “First and foremost we use fixtures such as this to send a signal that business-to-business engagement should be welcomed and encouraged,” Black told Reuters on Tuesday.

    (Reuters)

  • Australia PM Albanese to discuss trade, security in meeting with China’s Xi Jinping

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese is expected to meet with Chinese President Xi Jinping and Premier Li Qiang in Beijing on Tuesday, where he said resources trade, energy transition and security tensions are key topics for discussion.

    Albanese is due to meet Xi ahead of an annual leaders dialogue with Li, and later attend a business roundtable at the Great Hall of the People.

    Albanese said on Monday he looked forward to a “constructive dialogue” with the Chinese leaders.

    Australia, which regards the United States its major security ally, has pursued a China policy of “cooperate where we can, disagree where we must” under Albanese.

    Australia has expressed concern at China’s military build-up and the jailing of an Australian writer, while Beijing has criticised Canberra’s increased screening of foreign investment in critical minerals and Albanese’s pledge to return a Chinese-leased port to Australian ownership.

    Chinese state media outlet Xinhua said the relationship between the two countries, which have complementary economies, was steadily improving.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese has traveled with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX, and Fortescue FMG.AX, who met with Chinese steel industry officials on Monday, as part of a six-day visit.

    Bran Black, CEO of the Business Council of Australia, said Australia’s Bluescope Steel BSL.AX will also be at Tuesday’s business roundtable, along with China’s electric vehicle giant BYD 002594.SZ, Chinese banking executives, Baosteel and COFCO.

    “First and foremost we use fixtures such as this to send a signal that business-to-business engagement should be welcomed and encouraged,” Black told Reuters on Tuesday.

    (Reuters)