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While battery swapping has struggled to take off in much of the world, Canadian auto parts giant Magna International believes the model could work at scale in India, where millions of two- and three-wheelers and a fast-growing delivery economy create a different set of economics. And it’s placing that bet on Yuma Energy, a Bengaluru-based…
After a 5.7 percent gain in 2022 to a record $315 billion, U.S. media owners’ advertising revenue will rise 3.4 percent in 2023, down from the previously forecast 3.7 percent, media investment company Magna projected on March 27. That will still mean a new all-time high of $326 billion for the U.S. ad market, the firm noted….