Nvidia to acquire autonomous vehicles’ mapping startup DeepMap

Chip-maker Nvidia is acquiring DeepMap, a startup dedicated to building high-definition maps for autonomous vehicles (AV), for an undisclosed sum. DeepMap was founded five years ago by Wu and Mark Wheeler, veterans of Google, Apple and Baidu, among other companies. The US-based company has developed a high-definition mapping solution that has already been validated by…

Mahindra & Mahindra Stock Buy Report – Prabhudas Lilladher

Mahindra &Mahindra’s standalone adjusted results in Q4FY17 were below expectations as its EBITDA declined 12.8% YoY. While revenues grew 3.3% YoY to Rs111.3bn (PLe: Rs115.1bn), M&M’s EBITDA margin stood at 8.4%, lower 160bps YoY and 340bps QoQ. However, if we adjust for the one‐time discounts given by the company owing to BS III inventory clearance,…