Latest news with #002
TimesLIVE
15-07-2025
- Automotive
- TimesLIVE
Tesla to sell Model Y cars in India, starting at $69,770
Tech billionaire Elon Musk's Tesla has priced its Model Y at about $69,770 (R1,246,393) in India, the highest among major markets, its website showed, as the electric carmaker geared up to open its first showroom in Mumbai on Tuesday. With delivery estimated to start from the third quarter, Tesla will drive on to India's busy roads, targeting a niche premium EV segment that accounts for only 4% of overall sales in the world's third-largest car market. It will compete mainly with German luxury giants such as BMW and Mercedes-Benz rather than domestic mass-market EV players such as Tata Motors and Mahindra. Tesla's Model Y rear-wheel drive will set back buyers ₹6m (R1,250,569), while its Model Y long-range rear-wheel drive costs ₹6.8m (R1,415,002). That compares with a starting price from $44,990 (R803,224) in the US, ¥263,500 (R655,219) in China, and €45,970 (R958,727) in Germany. Grappling with excess capacity in global factories and declining sales, Tesla has adopted a strategy of selling imported vehicles in India, despite duties and levies running into about 70%. On Tuesday, police guarded Tesla's first showroom in India as media crowded outside the office complex where it is located and the chief minister of the western state of Maharashtra, home to the Indian commercial capital, arrived for the launch. Inside the showroom clad in Tesla's signature minimalist neutral tones, the Model Y was draped under black and grey covers, partially visible through the glass. Access was tightly regulated with no sign of fans or onlookers nearby. Tesla's website showed the Model Y available for registration in Mumbai at an on-road price of ₹6.1m (R1,268,305), with a booking deposit of ₹22,220 (R4,619). The firm's Full Self-Driving (FSD) capability is on offer at an additional cost of ₹600,000 (R124,751), with future updates promised to enable operation with minimal driver intervention. While the features require active driver supervision and are not fully autonomous, Tesla said the system will evolve through over-the-air software updates.
The Sun
11-07-2025
- Sport
- The Sun
002 Pickleball Club & Academy signs Malaysia's No. 1 Women's Doubles Neem Shamsuddin
Neem Shamsuddin (right) IN an exciting development for Malaysian sports, 002 Pickleball Club & Academy is proud to announce the official signing of Neem Shamsuddin, Malaysia's top-ranked women's doubles pickleball player, as their newest professional athlete. Hailing from East Malaysia and currently based in the United States, Neem brings both proven prowess on the court and an inspiring story of determination. Her journey began in 2022, when she first discovered pickleball while working at a country club in Hilton Head Island, South Carolina. Neem has already made significant waves in the professional scene. She holds the #1 DUPR ranking in women's doubles for Malaysia and gained early breakthroughs by winning her first match at a PPA event in North Carolina, eventually earning entry into the Round of 32. A notable highlight included an iconic match against former tennis star Genie Bouchard. Her dynamic play style, including remarkable tweener shots during the PPA Asia Panas Malaysia Open, has garnered significant attention across social media. 'It's an honor to represent Malaysia, and I am dedicated to paving the way for more Malaysians to pursue pickleball professionally,' said Neem.
The Sun
11-07-2025
- Sport
- The Sun
002 Pickleball Club signs Women's Doubles pro Neem Shamsuddin
IN an exciting development for Malaysian sports, 002 Pickleball Club & Academy is proud to announce the official signing of Neem Shamsuddin, Malaysia's top-ranked women's doubles pickleball player, as their newest professional athlete. Hailing from East Malaysia and currently based in the United States, Neem brings both proven prowess on the court and an inspiring story of determination. Her journey began in 2022, when she first discovered pickleball while working at a country club in Hilton Head Island, South Carolina. Neem has already made significant waves in the professional scene. She holds the #1 DUPR ranking in women's doubles for Malaysia and gained early breakthroughs by winning her first match at a PPA event in North Carolina, eventually earning entry into the Round of 32. A notable highlight included an iconic match against former tennis star Genie Bouchard. Her dynamic play style, including remarkable tweener shots during the PPA Asia Panas Malaysia Open, has garnered significant attention across social media. 'It's an honor to represent Malaysia, and I am dedicated to paving the way for more Malaysians to pursue pickleball professionally,' said Neem.
The Star
13-05-2025
- Business
- The Star
CelcomDigi, Mof Inc, YTL, Maxis & DNB sign revised agreement on DNB shareholding structure
KUALA LUMPUR: A significant restructuring in the shareholding of Digital Nasional Bhd (DNB) has been confirmed through a newly signed Letter of Variation dated today, altering key terms in the previously agreed shareholders agreement on June 28, 2024. The revised agreement involves Infranation Sdn Bhd (CelcomDigi), a wholly-owned subsidiary of CelcomDigi Bhd (CDB), Minister of Finance (Incorporated) [MoF Inc], YTL Power International Bhd (YTL Power), Maxis Broadband Sdn Bhd (Maxis), U Mobile Sdn Bhd (U Mobile), and DNB, according to a Bursa Malaysia filing by CDB. Under the new terms, U Mobile will divest its entire 100,000 shares in DNB to MoF Inc, YTL, CelcomDigi, and Maxis. Each party will acquire a proportion of the shares for RM1.00 per share, totalling an acquisition price of RM100,000. This transaction is set to be completed on May 30, 2025. The breakdown of share acquisition are as follows: MoF Inc - one share (RM1); YTL - 33,333 shares (RM33,333); CelcomDigi 33,333 shares (RM33,333); and Maxis 33,333 shares (RM33,333). With this transaction, U Mobile forfeits the right to exercise any put or call options previously available under the shareholders agreement. Following the acquisition, the ownership structure of DNB has been revised. MoF Inc will hold an issued share capital of RM500,100,002, representing 41.67 per cent of the combined ownership, with no shareholder advance. YTL, CelcomDigi, and Maxis will each hold issued share capital of RM133,333 and have provided shareholder advances of RM233,233,333, resulting in each holding a 19.44 per cent ownership stake in DNB. Meanwhile, CDB said that the Letter of Variation will not have any material impact on its earnings per share (EPS), net assets per share (NAPS), gearing, share capital, or major shareholders' direct or indirect holdings for the financial year ending Dec 31, 2025 (FY2025). In a separate filing, Maxis said MoF Inc shall exercise its put option to sell its ordinary shares and transfer its shareholder advance in DNB, within one month after Nov 12, 2025. This timeline may be extended if mutually agreed in writing by MoF Inc, YTL, CelcomDigi, and Maxis. "If MoF Inc. fails to exercise the put option within the said period, the put option will lapse, and the remaining shareholders may activate their call option within one month thereafter," it said. Maxis has clarified that the proposed investment will not have a material impact on its EPS, NAPS, or gearing of the group for FY2025. Any further material developments will be announced in due course, it added. - Bernama
