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By Nick Carey and Victoria Waldersee

Reuters reported on Thursday that Bentley Systems (BSY), an engineering software company valued at nearly $16 billion, is considering various strategic options, including a potential sale, following acquisition interest from other companies.

In their latest note on the US e-commerce sector, Morgan Stanley analysts said they double upgraded eBay (NASDAQ:EBAY) to Overweight from Underweight and demoted Etsy (NASDAQ:ETSY) to Underweight from Equal Weight, citing “growth convergence.”

Elon Musk\’s recent announcement regarding Tesla (NASDAQ:TSLA)\’s entry into India signals a significant stride towards bolstering the country\’s electric vehicle (EV) ecosystem. Despite India\’s relatively small EV market, comprising only 2% of total vehicle sales in 2023, the potential for growth remains immense. The premium segment, encompassing vehicles priced over US$35,000, constitutes a mere 2% of the market, yet projections indicate a substantial rise in high-income households and overall passenger vehicle sales over the next decade. Here\’s what Morgan Stanley (NYSE:MS) has to say.

In the dynamic realm of India\’s automotive industry, two formidable titans, Maruti (NS:MRTI) and Hyundai (OTC:HYMTF), reign supreme. A recent report by Bernstein showcased their journey through the ever-evolving landscape of passenger vehicles (PVs) that embodies a saga of innovation, competition, and adaptation.

By Marc Jones, Simon Jessop, Jake Spring and Marcela Ayres

In their first-quarter European earnings preview, analysts at Goldman Sachs said in a note that better macro momentum will support earnings releases this quarter.

Serve Robotics Sees IPO of 8.89m Shares at $4.50 a Share. Offering of $40m shares. Company to list on the Nasdaq under ticker “SERV”.