Business Brief:Ola develops E2W motor without rare earth metals; Musk’s ‘X’ post shows Tesla’s humanoid robot learning martial arts

Here’s a recap of major business news headlines on Monday and a brief outlook on today’s key events. Before yesterday’s big news, today’s headlines to watch… Now read yesterday’s big news… 1. Gold and silver prices reach record high today:Gold hits ₹1.19 lakh per 10g, rises ₹2,295; up ₹43,000 this year, silver at ₹1.49 lakh/kg Gold and silver prices on October 06, once again reached an all-time high. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24-carat gold increased by ₹2,295 to reach ₹1,19,059. While, silver prices also rose by ₹2,940 to reach ₹1,48,833. 2. Ola Electric develops motor without rare earth metals: India’s first ferrite motor gets government approval; this will reduce dependence on China Electric vehicle (EV) manufacturer Ola Electric has developed India’s first two-wheeler ferrite motor without rare earth metals. This motor has also received government approval. Currently, India depends on China for manufacturing electric vehicle motors. Whenever China bans the export of rare earth metals, electric motor production in India gets affected. 3. Demand for Centralized Digital Platform for Unclaimed Assets: SC seeks response from Government, RBI; ₹3.5 lakh crore unclaimed funds lying with banks, MFs The Supreme Court on Monday sought responses from the central government and several financial regulators on a petition demanding creation of a centralized digital platform. On this platform, people should be able to view all their financial assets together – whether they are active, inactive, or unclaimed. 4. Tesla’s Robot Learning Martial Arts: Optimus Seen Practicing Kung Fu with Trainer, Musk Shares Video Tesla’s humanoid robot ‘Optimus’ latest version is learning martial arts. The world’s richest businessman Elon Musk shared this information in a video post on X. In this, the robot was shown learning the Chinese martial art form ‘Kung Fu’ and demonstrating its self-defense techniques. Check the latest prices of petrol, diesel and domestic gas cylinders… ​