SYDNEY/MUMBAI, April 2 (Reuters) - Blackstone is exploring raising $300 million via an India IPO of the International Gemological Institute (IGI), less than a year after it acquired the company, amid booming stock markets in the region, three people familiar with the matter said. Blackstone acquired IGI for $570 million in May 2023 from Chinese conglomerate Fosun and the business's...

09:18 AM EDT, 04/02/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) said Tuesday it produced 13,980 vehicles in Q1 at its production site in Normal, Illinois. The company delivered 13,588 vehicles for the quarter ended March 31, Rivian added. Additionally, the electric vehicle manufacturer said it continues to expect 2024 annual production of 57,000 vehicles. Rivian will report Q1...

April 2 (Reuters) - Tesla missed estimates for first-quarter deliveries on Tuesday, as it battled competition from upstarts and established players in major markets, while facing a softness in demand for its aging line-up of electric cars. The electric-vehicle maker handed over about 386,810 vehicles in the three months to March 31, down 20.2% from the prior quarter and 8.5%...

Electric car giant Tesla, Inc. reported a dip in first-quarter deliveries, just as many feared, sending its stock lower in premarket trading. Tesla’s Q1 Numbers: Tesla delivered 386,810 vehicles in the first quarter, down from 422,875 a year earlier. Production figures were also lower, at 433,371 compared to 440,808 units in the year-ago period. This marks Tesla’s first year-over-year decline in deliveries since pandemic-hit 2020. Tesla Misses Analyst Estimates: The...