Tesla's official entry into the Indian market is expected in the final quarter of the current financial year.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
Tesla's plan to manufacture its affordable electric car priced at $25,000 in India and Mexico could materialise sometime in 2025 or thereafter, with Elon Musk declaring that these models would be produced at its existing factories to utilise their full capacity before investing in new manufacturing lines. The company operates factories in Texas and Fremont in the US, Berlin in Germany, and Shanghai in China. By the end of the calendar year 2023, Tesla was manufacturing 1.8 million vehicles annually.
DOGE Leader Elon Musk said, "My guess is that a lot of that money ended up in the pockets Hamas, not actually condoms.
Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.
Twitter has started laying off employees in India as part of a global job cut ordered by the social media platform's new owner Elon Musk to attain economies of scale and make the USD 44 billion acquisition viable.
With US-based electric vehicle (EV) maker Tesla scouting for a suitable location for its foray in India, Rajasthan has joined the fray with a host of offers to woo the Elon Musk-led company. Other challengers include Gujarat, Tamil Nadu, and Maharashtra. Sources privy to the development said that an initial meeting between the senior executives of Tesla and the government of Rajasthan, which was held last week, turned out to be "quite positive." Tesla would now carry out a survey and is expected to share the survey details with the state's investment promotion department soon.
United States President Donald Trump has announced that Washington DC will stop minting pennies, citing their high production cost, which exceeds their face value and termed the practice "wasteful." President Trump said Sunday that he has instructed Treasury Secretary Scott Bessent to "stop producing new pennies."
Haven't they heard about the 'Tale of Two Brothers'? asks Suveen Sinha.
As part of a plan to refinance debt and expand its upcoming constellation of satellites, French satellite major Eutelsat Communications will raise euro 1.35 billion, or $1.55 billion, through a reserved capital increase and a rights issue, the company announced on Friday. Bharti Enterprises' space venture, Bharti Space Ltd, will invest euro 31.4 million, or $36 million, in the capital raise.
The rocket flight was aborted in order to plug the liquid oxygen leak identified during post-static fire Falcon 9 rocket inspections.
'It is disconcerting to see the misuse of technology as it takes away from the truth and authenticity of the Internet.'
'India has very strong tariffs on certain imports from the US. Like in the automobile sector, India charges 100 per cent'
Kim was speaking at the event in Imsil, the county that she represented for seven years in the southern part of South Korea
The company had announced similar pricing for Sri Lanka, where its application was in advanced stages of regulatory clearance.
Trump also said that he has also used the H-1B visa programme.
Thousands of people gathered in Washington to protest against Donald Trump's policies ahead of his inauguration as the 47th President of the United States. The People's March, a coalition of nonprofit bodies, organized the demonstration to voice their opposition to Trump's policies and values. The protesters, displaying anti-Trump posters and banners, chanted slogans against Trump and his supporters, including Tesla owner Elon Musk. Similar protests, though on a smaller scale, were also held in cities like New York, Seattle, and Chicago.
Elon Musk-led Tesla Inc is yet to express interest in India's flagship scheme to attract global investment in electric vehicle (EV) manufacturing, said Union Minister for Heavy Industries H D Kumaraswamy on Monday. In contrast, multiple global automobile giants -- such as Mercedes-Benz, koda Auto Volkswagen, Hyundai Motor, and Kia Motors -- are keen to participate, the minister noted.
Engineers from Space X said that the 400-foot-tall ship, launched from the company's Starbase facility near Boca Chica Beach in Texas, lost altitude control after several engines stopped working 20 seconds before the end of the ascent burn.
Former US President Obama was featured wearing a number of ensembles some gladiator-inspired and a basketball one among others.
The taxpayer-funded licence fee supported UK media corporation said it has contacted the social media giant over the designation on its @BBC account to resolve the issue "as soon as possible".
The Rose Monday Parade is the highlight of Germany's carnival celebrations, particularly in cities like Cologne, Dusseldorf and Mainz.
An electric vehicle exploded and caught fire outside the Trump International Hotel in Las Vegas on Wednesday, according to officials and videos on social media.
Shares of Reliance Industries as well as Bharti Airtel began the trade on a positive note on Wednesday after the two firms announced their partnerships with Elon Musk's SpaceX for providing high-speed internet services in India. Bharti Airtel stock opened with a gain of 5.49 pc to hit a high of Rs 1,388.25 apiece on the National Stock Exchange (NSE). Soon, it pared all gains and traded 0.77 per cent lower to Rs 1,650.10 per piece.
'There was no financing or even promise of finance involved in MoU, forget X or Y amount'
The former Congress president also tagged a post by Tesla CEO Elon Musk in which he talked about eliminating EVMs.
'For the Indian economy to maintain a growth rate of 7 to 8 per cent, it needs large foreign direct investment coming in, and that's mainly coming from the US.'
SpaceX's Falcon-9 rocket was scheduled to blast off from the Kennedy Space Centre in Florida on Tuesday evening.
The Indian government has said that social media platform X will be held responsible for content generated by its artificial intelligence tool Grok. This comes after users on X asked Grok questions about Indian politicians and the AI platform responded with "unpalatable" answers. The government is currently in discussion with X to understand and assess how Grok works. The government has previously taken action against social media platforms for AI-generated content that has been deemed offensive. In this case, the government is considering holding X accountable for Grok's content, even though it is generated by an AI tool. The government's stance is likely to have implications for other social media platforms that use AI tools.
Trump said that leaders in India and Pakistan are "great leaders" and "they understood, and they agreed, and that all stopped".
Some Manchester United fans had previously urged Musk on Twitter to consider buying the club
'I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software and servers teams,' he tweeted Tuesday.
Government employees in Bangladesh locked down the main gate of the Bangladesh Secretariat in Dhaka, protesting a new service law that allows for easier dismissal of officials for misconduct. The protest, which lasted for about half an hour, disrupted government operations. The employees also threatened to continue their protests until the ordinance was scrapped. Meanwhile, the protest by employees of the Dhaka South City Corporation, demanding the installation of BNP leader Ishraque Hossain as its mayor, has brought administrative services to a halt. These protests, coupled with concerns raised by the business community and the military, highlight a growing sense of unease in Bangladesh over the policies of the interim government.
Many users of Gmail, YouTube and social networks Facebook and Instagram faced problems in logging into their accounts in several parts of the world, including India on Tuesday evening.
Business conglomerate Adani Group's chairman Gautam Adani is now the world's second-richest person after overtaking Louis Vuitton's Bernard Arnault, according to Forbes' Real-Time Billionaires List. At the time of writing this report, Gautam Adani's net worth was $153.9 billion, compared to Arnault's net worth of $153.7 billion. Adani is now just behind business magnate Elon Musk, according to Forbes' data.
Prime Minister Narendra Modi congratulated Donald Trump on his historic inauguration as the 47th US president and said he looks forward to working closely together once again, to benefit both the countries as well as to shape a better future for the world.
An hour before his bilateral meeting with Prime Minister Narendra Modi, Trump again commented on India's tariff structure, saying 'they have the highest tariffs' and 'it is a hard place to do business'.
The United States has approved the extradition of Tahawwur Rana, accused of involvement in the 2008 Mumbai terror attacks, to India. The decision was announced by President Donald Trump during a joint press conference with Prime Minister Narendra Modi in the White House. India is currently working on the logistics of Rana's surrender and extradition, with several final steps to be completed before he is sent back to India. The joint statement issued by India and the US during Prime Minister Modi's visit reaffirmed their commitment to fighting terrorism and eliminating terrorist safe havens. The leaders also called on Pakistan to bring to justice the perpetrators of the 26/11 Mumbai and Pathankot attacks. Rana, a Canadian national of Pakistani origin, is currently lodged at a metropolitan detention center in Los Angeles. He is associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 attacks.
'If the Trump administration decides to put guardrails on H-1B visas, that will surely impact both US and Indian firms.'
