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Weekend Money — Truecaller Hacked + Ashok Leyland-Elon Musk + Reliance MF + Jet Airways + PNB
Original: Weekend Money | True caller hacked | Ashok Leyland Elon Musk | Reliance Mutual Fund Jet Airways PNB
Takeaway
India developing its own EV charging standards plus Ashok Leyland's Tesla JV pitch and Nippon's Reliance MF stake buyout are this week's structural news.
Summary
- Indian government directing DAS/DSTA to develop indigenous EV charging infrastructure standards — current global standards (Chinese/European/Japanese) require expensive licensing.
- Ashok Leyland made a JV offer to Elon Musk/Tesla to manufacture EVs in India — would be a major positive if accepted.
- Nippon Life Insurance buying Anil Ambani's Reliance Capital's 42.88% stake in Reliance Mutual Fund — Nippon already partial owner.
- Weekend wrap also touches on Truecaller hack, Jet Airways update, and PNB news.
EV chargingAshok LeylandReliance MF
Original description
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