The announcement came late Monday evening - and broke the internet. Elon Musk, the world's richest man, had bought microblogging site Twitter for a neat $44 billion. The little blue bird, which is known to take on many avatars depending on the mood, leanings and interests of who it is chirping for, went into overdrive. While some Twitter users flooded the site with memes and humorous takes on the move, the deal also had a fair share of critics.
United States President Donald Trump on Tuesday (local time) reiterated his opposition to electric vehicle (EV) mandates, criticising government subsidies for Tesla CEO Elon Musk and questioning the broader push for EV adoption in the United States.
Baidu and the Chinese automaker Geely unveiled a prototype of an AI powered fully autonomous EV hatchback ROBO-01 under tbe brand name Jidu in Beijing on Wednesday, June 8, 2022.
He says that while 30 per cent of parts must be locally sourced, the supply doesn't yet exist in India to support that
Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.
Recently, world headlines buzzed with Elon Musk's announcement that he was shelving his audacious bid for social media platform Twitter. Away from the media spotlight, questions are being asked about the maverick billionaire's plans in India, too. A few days ago, a Reuters report said Musk's flagship Tesla had put on hold its plan to launch electric cars in India.
Despite India's electric passenger vehicle market experiencing an 83.6% year-on-year surge in FY26, new foreign entrants VinFast and BYD have significantly outpaced Tesla, which struggles with high import duties, a limited retail footprint, and a lack of local manufacturing commitment.
The tariff removal will lower prices of Harley's large-displacement imported motorcycles, which retail between 14.5 lakh and 45.8 lakh but after the duty cut volumes are expected to remain modest.
The Delhi high court has granted interim injunction in favour of US-based Tesla Inc by directing Indian company Tesla Power India not to use trademarks 'Tesla Power' or 'Tesla Power USA' in any form, including manufacturing of electric vehicles.
Twitter has replaced its recognisable bird logo with the letter 'X' as its new official mark marking the latest major shift since Elon Musk's takeover of the social media platform.
Technology companies continue to be the most valued brands globally, with the top five most valued companies from the technology sector, according to Brand Finance 2024. Samsung has entered the top five most valued brands globally. Apple secured the first position after falling to the second spot in 2023.
Amidst growing competition and global softening of EV demand, its India entry was due for a long time and that finally happened sometime back although yet again the approach was different.
The celebrities who graced the men's and women's singles finals at Arthur Ashe Stadium on the weekend.
The US carmaker's entry into India is expected by the last quarter of the current financial year.
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
Clearly, some of the bullishness of the early days has gone missing. Ola's market share is slipping amid rising competition from incumbents like Bajaj Auto and TVS.
The Lucknow-born Shukla, former NASA astronaut Mission Commander Peggy Whitson, Slawosz Uznanski-Wisniewski of Poland, and Tibor Kapu of Hungary are part of the Axiom-4 mission that marks the return to space for the three nations.
Elon Musk's likely referring to waiver of 30% local sourcing norm for setting up single-brand retail
Instagram, owned by the tech giant Meta, on Wednesday, unveiled its new app called 'Threads' a new app designed to directly compete with Elon Musk's Twitter. According to The Hollywood Reporter, a US-based media house, Meta Platforms Inc. CEO Mark Zuckerberg announced the launch, framing Threads as "a new, separate space for real-time updates and public conversations." Threads will be linked to users' Instagram profiles, making it simple to connect with followers, prominent personalities, or brands.
'It's a big technology company and may offer good remuneration, but stability in my career is equally important to me.'
With India's EV penetration at just 2.5 per cent, the market presents an opportunity -- provided Tesla gets its pricing right.
it's the first all-wheel drive electric car.
We no longer have the ambition to rival China save through words. We are happy to be fighting ourselves and digging up disputes from centuries ago as a substitute for real development, argues Aakar Patel.
'If Threads doesn't become a distinct identity, and just a text version in the shadows of Instagram, then it may fizzle out.'
It is only for retail trading of goods that sourcing conditions are mandated. Such norms are not applicable to manufacturers as goods are produced in India, the government said.
... As the world swings from 'financialisation' to 'artificial intelligence', asks Ajit Balakrishnan.
'The race is now on for Indian IT firms to develop their AI prowess and focus on a software-first approach to services as the people element becomes more complicated with Trump's expected new regulations.'
Palo Alto-based electric carmaker Tesla has initiated talks with the government on the modalities of setting up fully-owned retail outlets. The company needs to comply with the foreign direct investment (FDI) guidelines related to single-brand retail, including local sourcing norms, to sell directly in India. At least two other foreign majors - Apple and Ikea - were engaged in talks with the government long before the sourcing norms were eased under the single-brand retail route.
India is sceptical that Tesla might import into the country cars made in China. Tesla executives were in India last month and appear to have proposed a factory in the country. But do not be surprised if that does not happen in a hurry.
Find out how Will Smith fought all adversities to come out a winner in Pursuit of Happyness.
What will it take for Tesla to plug and play in India? Sector pundits say it's a mix of strategy, getting the price right, timing, the right talent, and above all, patience.
Catamaran, the family office of Infosys founder Narayana Murthy, is targeting 15 per cent returns on its portfolio investments per annum as it shifts focus from early-stage investments to growth and late-stage bets. This would double the firm's assets under management (AUM) from the current $1 billion to $2 billion over the next five years. "For direct investments, we are focusing on growth-stage investments and very selectively on early stage," Deepak Padaki, president, Catamaran, told Business Standard. "(This is) primarily because the early-stage space in India, in the last three-four years, has completely changed. "There has been a huge influx of capital in the last two years. It has become a very crowded space for early-stage investment," he said.
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
Hip hop artist-producer Kanye West took to Twitter on Saturday to announce he would be running for president of the United States, in the elections slated to take place in November.
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
Indian-origin technology executives Jayshree Ullal and Neerja Sethi have made it to the Forbes list of America's 60 richest self-made women, with 21-year-old reality TV star and entrepreneur Kylie Jenner the youngest to be featured in the power list.
'There is little point in getting adoption without profit sustainability or the converse.' 'This is the dilemma that many Indian innovators face,' says R Gopalakrishnan.
Don't spend your time trying to raise funds and then get demotivated by the rejection. Spend your time growing your company first, says Arjita Sethi.
Even as India goes green, lack of uniform standards for setting up charging stations is holding back companies. Alnoor Peermohamed reports.
