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GPIC Wins Top Award IPO for Aramco, Reports Say 8 BUSINESS Sunday, October 15, 2017 Saudi Arabia considers shelving GPIC wins top award IPO for Aramco, reports say Representative picture audi Arabia is considering investors have picked up steam shelving a plan to list state- in recent weeks. ownedS oil company Saudi The Wall Street Journal Aramco in New York, London reported the company is also or any other international considering conducting a two- exchange as it instead ponders stage IPO, with a listing on an offer by a Chinese investor Riyadh’s Tadawful exchange to acquire a stake, according to in 2019 and an international multiple news reports. listing a year later. The Financial Times, citing The Journal reported that people familiar with the IPO people familiar with the matter preparations, first reported said nothing had been decided Friday that talks over a private and that the international sale to foreign governments IPO might still move including China and other forward. (MarketWatch) Tesla Motors fired hundreds of GPIC wins Her Majesty Queen Elizabeth II Award (Rospa Gold Award) employees in past week Manama as a result of the company’s the Board’s balanced policies the workplace. uxury electric vehicle supervisors. We don’t know ulf Petrochemical approach to ensuring the and its keenness to follow Dr Jawahery had earlier maker Tesla Inc fired how high up it went,” said Industries Company highest standards of safety up on the implementation received the Award during an aboutL 400 employees this the former employee, who (GPIC)G Chairman Dr. Ahmed in its operations and in of principles of safety and in event in London, to coincide week, including associates, worked on the assembly Al Sharyan has congratulated reaffirming a high level of safety maintaining its achievements. with the 100th anniversary team leaders and supervisors, line and did not want to be the Management and awareness. He said the company’s celebrations of Rospa. a former employee said. identified. employees on the Company GPIC President Dr. winning the Award is The Award came GPIC’s The dismissals were a result Though Tesla cited winning the Her Majesty Queen Abdulrahman Jawahery, who culmination of many years way after competing with of a company-wide annual performance as the reason Elizabeth II Award (Rospa presented the Award to the of excellence in safety. He more than 5,500 companies review, Tesla said in an for the firings, the source Gold Award), in recognition of Chairman during the recently added this was also evident around the world, making it emailed statement. “It’s about said he was fired in spite of its outstanding achievements concluded Middle East Process since the Company has been an unprecedented achievement 400 people ranging from never having been given a bad in the field of safety. Engineering Conference, 2017, winning for the last 25 years in the history of the global associates to team leaders to review. (Reuters) He said the Award comes said this was in appreciation of the Rospa Award for safety at chemicals sector. The future is electric, like it or not. The Indian government has also laid out a plan to sell only electric cars in India by 2030. However, there is still a lot of work that companies need to do before more electric vehicles can show up on Indian roads. At the moment, there are only two passenger cars – the Mahindra e2O and Mahindra eVerito – and a handful of commercial vehicles that are electrically powered in India, such as the Mahindra eSupro. However, the Indian automotive landscape can change in the next three years. Here is a list of likely electric cars that you will see by 2020 in India. Mahindra KUV100 Electric: The Mahindra KUV100 will be the first SUV from Mahindra to get an electric motor in 2018. The KUV100 is likely to be followed by electric variants of the Mahindra Scorpio Mean Metal and Mahindra Motors M-Zero: Mean XUV500. Metal Motors is a startup in Bengaluru Nissan Leaf: Nissan first showcased the Leaf elec- that has been working on an electric sportscar in a Tata nano EV: The Tata Nano EV tric car in India in 2012. (Yahoo Finance) tie-up with Italian company Tazzari. Prices are likely to has been spotted testing near start at Rs 60 lakh, when this car makes it to production Coimbatore and is likely to be sometime in 2019. Prototypes will be rolled out in 2018. showcased at the Auto Expo 2018 in New Delhi. The Tata Tesla Model Nano EV will likely be 3: The Tesla priced at par with Model 3 is the Mahindra just making e2O, which is its debut in at around Rs the US, and 7 lakh to Rs 9 will come lakh. to India by 2019..
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