Gautam Adani suffers second-biggest wealth decline after Elon Musk, faces US fraud charges
Feb 21, 2025, at 07:28 pm
Gautam Adani, chairman of the Adani Group, has recorded the second-largest decline in wealth this year, trailing only Tesla founder Elon Musk, according to the Bloomberg Billionaires Index.
Anand Mahindra unfazed by Tesla’s India entry, says Mahindra Group thrives on competition
Feb 19, 2025, at 08:04 pm
Mumbai: Mahindra Group Chairman Anand Mahindra remains unfazed by Tesla’s anticipated entry into the Indian market.
Tesla signals India entry with job listings amid eased import duties
Feb 18, 2025, at 10:13 pm
After years of stalled plans due to high import taxes and logistical hurdles, Tesla appears to be gearing up for its long-awaited India entry.
Elon Musk’s X launches ‘X Money’ with Visa
Jan 29, 2025, at 09:04 pm
Elon Musk’s social media platform X has introduced its digital wallet and peer-to-peer payment service, ‘X Money,’ in collaboration with Visa.
Tech entrepreneur Elon Musk hosts Indian Global Forum business delegation at Space X
Jan 19, 2025, at 08:17 pm
Tech entrepreneur Elon Musk recently hosted a delegation of Indian business figures at SpaceX's Starbase facility in Texas.
Musk addresses claims of job loss, cites shortage of top engineering talent in tech
Dec 27, 2024, at 06:07 pm
Elon Musk has weighed in on the debate about whether foreign-born workers in the US are displacing qualified native-born Americans, pushing back against claims of job "theft" by foreign talent.
Elon Musk's xAI raises $5 billion, doubling valuation to $50 billion
Nov 21, 2024, at 10:34 pm
California/IBNS: Elon Musk’s artificial intelligence (AI) startup xAI has secured $5 billion in a fresh funding round, boosting its valuation to $50 billion, according to a report by the Wall Street Journal on Wednesday (Nov. 20).
Nov 16, 2024, at 05:49 am
New Delhi: Billionaire Mukesh Ambani's Reliance has urged India’s telecom regulator TRAI to reassess the potential impact of Elon Musk's Starlink and Amazon's Kuiper before allocating satellite spectrum, citing concerns over local players being disadvantaged, Reuters reported.
Nov 12, 2024, at 09:43 pm
New Delhi/IBNS: Elon Musk's Starlink is making progress with its license application in India, with Telecom Minister Jyotiraditya Scindia confirming on Tuesday (Nov. 12) that the Elon Musk-led company is working to fulfill government-mandated security requirements.
Elon Musk's Starlink agrees to data security rules, satcom license application back on track: Report
Nov 11, 2024, at 11:03 pm
New Delhi/IBNS: Starlink’s application for an India license is advancing after the satellite broadband provider, led by Elon Musk, agreed to meet India's data localization and security requirements, Moneycontrol reported, citing its sources, on Monday (Nov. 11).
Nov 07, 2024, at 07:34 pm
Texas/IBNS: Elon Musk, CEO of Tesla, SpaceX, and X (formerly Twitter), saw his net worth soar by $26.5 billion following Donald Trump’s return to the White House in the 2024 US presidential election.
US court allows Twitter's ex-CEO Parag Agrawal, other dismissed execs to sue Elon Musk for severance
Nov 02, 2024, at 07:52 pm
California/IBNS: A US District Court judge in California has ruled that former Twitter executives, including ex-CEO Parag Agrawal, may proceed with a lawsuit against Elon Musk for severance pay, Bloomberg reported on Saturday (Nov. 2).
Oct 16, 2024, at 09:02 pm
New Delhi/IBNS: Starlink CEO Elon Musk recently stated that Starlink "will do our best to serve the people of India."
Tesla misses Q3 delivery expectations amid stiff competition in China and Europe: Report
Oct 03, 2024, at 04:25 am
Tesla delivered fewer vehicles than analysts had anticipated in the third quarter, facing pressure from strong competition in China and Europe, which dampened demand for its aging models, Reuters reported.
Meta CEO Mark Zuckerberg enters the elite $200 billion club, becomes world's fourth-richest person
Sep 30, 2024, at 09:48 pm
California/IBNS: Meta CEO Mark Zuckerberg has officially entered the elite $200 billion net worth club, marking a major achievement in his financial trajectory.
Elon Musk may become the world's first trillionaire, followed by Gautam Adani, says report
Sep 10, 2024, at 07:22 pm
London/IBNS: Elon Musk, with a net worth of about $237 billion as of September 9, 2024, on the Bloomberg Billionaires Index, is on course to become the world's first trillionaire by 2027, according to a report by Informa Connect Academy.
Sep 09, 2024, at 09:45 pm
California/IBNS: In a recently viral throwback interview, Apple CEO Tim Cook clarified common misconceptions about the company's decision to manufacture in China, providing insight into the true reasons behind Apple's reliance on the country.
'Not India’s loss': Ola's Bhavish Aggarwal on Tesla's withdrawal from India
Jul 05, 2024, at 11:35 pm
Bengaluru: Tesla's decision to forgo investment in the Indian market represents a significant missed opportunity for the US-based company, not for India, according to Bhavish Aggarwal, CEO of Ola Cabs.
Elon Musk's salary exceeds Tata Motor's FY24 total revenue: Report
Jun 19, 2024, at 04:49 am
Mumbai: Elon Musk's $56 billion remuneration package exceeds Tata Motors' total revenue for the 2023-24 financial year, which amounted to $52.44 billion (Rs 4.38 lakh crore), reported the Economic Times.
Jun 09, 2024, at 07:30 pm
Tech entrepreneur Elon Musk on Sunday expressed gratitude to Indian-origin techie Ashok Elluswamy, appointed as the first member of the Tesla autopilot team.
Tesla investor sues Elon Musk for alleged $7.5 billion insider trading
Jun 01, 2024, at 11:34 pm
Delaware/IBNS: Tesla CEO Elon Musk has landed in yet another controversy as he has been named in a shareholder lawsuit for allegedly being involved in $7.5 billion insider trades at the electric car manufacturer, reports said.
Tech entrepreneur Elon Musk's xAI raises USD 6 billion to develop artificial intelligence
May 29, 2024, at 03:04 pm
Entrepreneur Elon Musk's AI startup xAI has raised USD 6 billion in series B funding, a development that might pose a possible challenge to Sam Altman's Open AI.
Tesla continues to cut jobs in China as part of its global workforce reduction: Report
May 10, 2024, at 05:22 am
Beijing: Tesla has increased job cuts in China as billionaire Elon Musk struggles to recover lost market share in the world’s biggest auto market, reported Bloomberg.
After postponing visit to India, Tesla CEO Elon Musk heads to China
Apr 28, 2024, at 06:52 pm
Tesla CEO Elon Musk is on a surprise visit to China, the second-largest market for the electric vehicle titan, media reports said.
Elon Musk postpones upcoming visit to India: Reports
Apr 20, 2024, at 03:51 pm
Tesla chief Elon Musk has postponed his scheduled visit to India, media reports said on Saturday.
Musk's Visit to India Can Be a Game-Changer for the Tech Landscape
Apr 18, 2024, at 11:54 pm
Elon Musk's upcoming visit to India on April 21-22 for Tesla and Starlink operations, and meeting with PM Narendra Modi, could turn out to be an important moment for India's tech sector.
Centre notifies liberalised norms for FDI in space sector
Apr 18, 2024, at 04:34 am
New Delhi: The government on Wednesday notified changes to the foreign direct investment regulations in the space sector, aiming to attract international investors into satellite manufacturing and satellite launch vehicle sectors.
Elon Musk likely to announce $2-$3 billion investment for Tesla factory in India
Apr 18, 2024, at 02:36 am
New Delhi: Tesla CEO Elon Musk is set to announce an investment of $2-$3 billion in India, primarily aimed at establishing a new factory, during his upcoming visit to New Delhi to meet with Prime Minister Narendra Modi, Reuters reported, citing sources.
Apr 15, 2024, at 10:56 pm
Elon Musk-owned American brand Tesla has signed a strategic deal with Tata Electronics to procure semiconductor chips for its worldwide operations, media reports said.
Tesla may join hands with Reliance to manufacture EVs in India: Report
Apr 11, 2024, at 02:31 am
New Delhi: Tesla is exploring the possibility of forming a partnership with Reliance to set up its operations in India, media reports said.