Elon Musk

Photo: Fortune

Elon Musk Tweets About Possibility Of Tesla Factory In India

Tesla owner Elon Musk tweeted that he will probably open a factory in India if successful with imported vehicles. According to sources, Tesla had written to the ministry for reduced import duties on electric vehicles. "We are hopeful that there will be at least a temporary tariff relief for electric vehicles," Musk wrote. Others had previously have persuaded for reduced duties but were always met with resistance from the government.

Sat, 24 Jul 2021 - 02:40 PM / by Aditi Chavan

Tags: Tesla, Elon Musk, Tweet, Import duties, Factory

Courtesy: NDTV

Network 18

Photo: MediaNews4U

Network 18 Witness Profit In Shares Over 6%

After experiencing a loss of Rs 60.60 crore in 2020, media firm Network 18 Media & Investments have witnessed a 6% rise in its share on June 22. The company reported a combined profit of Rs 121.51 crore. “Growing engagement on our platforms across TV and Digital make us confident of delivering for all our stakeholders even amidst a choppy environment,” said Adil Zainulbhai, Chairman of Network18.

Fri, 23 Jul 2021 - 08:17 PM / by Balaji L

Tags: business, share price, network 18, net profit, consolidated Net Profit

Courtesy: Money Control

Zomato IPO

Photo: Zomato

Zomato Is Now On BSE; Market Cap Reaches Rs 1 Lakh Cr

Food delivery giant, Zomato was marked as India's first unicorn to list on the stock exchanges on July 23. On the BSE, it was listed at Rs 115, a premium of 51.32% over the issue price of Rs 76. The stock debuted on the NSE at Rs 116. Zomato also bags a position among the Top 100 listed businesses in terms of market capitalization worth Rs 1 lakh crore.

Fri, 23 Jul 2021 - 04:01 PM / by Umang Bafna

Tags: ZOMATO, IPO, Market Capitalization, business

Courtesy: The Economic Times

India-US economic relations

Photo: I Stock

'India Is A Challenging Place For Business': US State Department

The US has said that India "remains a challenging place" to do business. In its 2021 Investment Climate Statements report, the country's state department urged the Indian government to reduce barriers and bureaucratic hurdles for easy and attractive investment in the country. The report further mentioned the removal of constitutional status from Jammu and Kashmir and the process of the Citizenship Amendment Law.

Thu, 22 Jul 2021 - 08:45 PM / by Prateek Chakradhar

Tags: United States, INDIA-US RELATIONSHIP, trade deals, business, Ease of doing business

Courtesy: The Economic Times

Elon Musk, Tesla's CEO

Photo: CNET

Tesla's CEO Elon Musk Admits Possession Of Cryptocurrencies

Elon Musk Tesla’s CEO has acknowledged owning a few bitcoins,dogecoins, and ethereums at B Word Conference organised by Crypto Council for Innovation. He further, ingeminated the environmental concerns in correspondence to cryptocurrencies. Moreover, Musk included Tesla might continue tolerating Bitcoin as a form of transaction for its cars, after keeping a close focus on total renewable energy used in mining cryptocurrency. “I would like to… read-more

Thu, 22 Jul 2021 - 03:30 PM / by Umang Bafna

Tags: Elon Musk, Bitcoin, Tesla, Cryptocurrency

Courtesy: Money Control

Byju's founder and CEO Raveendran

Photo: Business Insider

Byju's Acquires US Based Digital Reading Platform 'Epic' For $500 Mn

In a bid to expand its presence in the USA's education market, Bangalore-based startup Byju's will acquire the digital reading platform "Epic" for $500 million. Epic is regarded as the world's largest digital reading platform for kids 12 and under, which hosts a million teachers and 50 million kids use the platform. Meanwhile, Byju's founder Raveendran said the expansion will ''hugely accelerate'' our revenue by March 2022.

Thu, 22 Jul 2021 - 12:50 PM / by Brijesh Goswami

Tags: Byju's, Epic, Digital Reading, Online education

Courtesy: Bloomberg Quint

Megha Bafna, Entrepreneur at Keep Good Shape

Photo: Curly Tales

Corporate Turned Entrepreneur, Earns Rs 1.5 L/Month By Selling Salads

Megha Bafna from Pune besides working for a full-time corporate job became an entrepreneur and owns “Keep Good Shape”, a salad-making business. Bafna thought that the salad business would thrive as “junk food was easily available and good healthy salads were either expensive or not readily available.” About 30 people help to make salads for Bafna, and now she offers 27 different salads.

Thu, 22 Jul 2021 - 11:40 AM / by Bornika Das

Tags: Pune, salad, business, entrepreneur

Courtesy: The Better India

Oyo founder and CEO Ritesh Agarwal

Photo: NDTV Gadgets 360

Young Entrepreneurs To Face Rejection, Get Used To It: Oyo Founder

Sharing advice for the aspiring entrepreneurs, Oyo founder Ritesh Agarwal said, “as an entrepreneur, you are going to face rejection most of the time, get used to it.” Agarwal took to Twitter saying ''during my early days at OYO, nearly 80% of the VCs I wrote to rejected me.'' Reportedly, netizens found his advice to be very enlightening. Earlier, he stated, ''Being humble is an important trait for founders."

Thu, 22 Jul 2021 - 09:15 AM / by Brijesh Goswami

Tags: Oyo Founder, CEO Ritesh Agarwal Advice, Advice To Entrepreneurs, Entrepreneurs Rithesh Agarwalg

Courtesy: Business Today

Petrol and Diesel

Photo: Science News For Students

Centre Refuses Excise Duty Cut On Fuel Products

The central government refuses to cut the excise duty cut on fuel products for fiscal concerns and a ₹10 cut may lead to a fiscal deficit of 0.58%, while it reduces inflation by just 0.2%. However, on July 20, the Centre explained that the petrol and diesel excise duty are being used for developmental infrastructure. Reportedly, additional expenditure for FY22 is expected during revised estimates.

Wed, 21 Jul 2021 - 08:15 PM / by Aditi Chavan

Tags: Excise Duty, Fuel, Inflation, Centre

Courtesy: Money Control

Square Inc

Photo: Bloomberg

Jack Dorsey's Square To Launch Banking Services For Small Businesses

Twitter CEO Jack Dorsey owned Square Inc. which enables sellers to accept card payments is now launching banking services for small businesses. Apart from offering businesses savings and checking accounts, Square banking will also offer loans to small and medium businesses through Square Loans. The aim is to attract small business owners who have been struggling to gain access from big banks.

Wed, 21 Jul 2021 - 04:23 PM / by Prateek Chakradhar

Tags: Jack Dorsey, Twitter CEO, Finance, Small and Medium Business, Banking

Courtesy: Reuters