Brief by Shorts91 Newsdesk / 04:38pm on 19 Feb 2025,Wednesday Business
Tesla is finally entering India, with its electric cars expected on roads by April. The Elon Musk-led company is also planning a manufacturing hub, investing $3-5 billion. Tesla officials will visit India soon to discuss production plans with the government. Potential locations for the factory include Maharashtra and Gujarat. Reports indicate Tesla’s cars may start at ₹21 lakh. The company will benefit from India's new EV policy, offering import duty cuts for firms investing at least $500 million. This move aligns with Prime Minister Narendra Modi’s recent talks with Musk in the US.
Brief by Shorts91 Newsdesk / 02:05pm on 18 Feb 2025,Tuesday Business
Tesla is hiring in India, a sign that the company plans to enter the market soon. CEO Elon Musk met Prime Minister Narendra Modi in the US last week. The company has listed 13 job openings, including service technicians and customer engagement roles in Mumbai and Delhi. Tesla had avoided India due to high import duties, but the government recently lowered them. India's electric car market is small but growing. Tesla’s move comes as its global EV sales slow. The company has not announced a launch date yet.
Brief by Shorts91NewsDesk / 06:45am on 18 Feb 2025,Tuesday Business
Coal India has emerged as a top pick for investors seeking high-yield stocks, offering attractive fixed dividend returns. Despite market fluctuations, the stock has maintained stability, appealing to risk-averse investors. Its robust performance and consistent payouts make it a favored choice for those looking to diversify their portfolios with a reliable stock. Additionally, its strong market position and future growth potential further enhance its appeal.
Brief by Shorts91NewsDesk / 04:12am on 18 Feb 2025,Tuesday Business
Tesla has started hiring in India, signaling its plans to enter the Indian electric vehicle (EV) market. This move follows a successful trip by Indian Prime Minister Narendra Modi to the United States, where discussions around strengthening business ties took place, including talks with Tesla CEO Elon Musk. The company’s potential expansion into India comes amid growing interest in the EV sector in the country. Tesla’s entry could disrupt the market with its high-tech electric cars.
Brief by Shorts91NewsDesk / 05:21pm on 17 Feb 2025,Monday Business
SBI has launched the ‘Jan Nivesh SIP’ scheme to enhance financial inclusion, offering micro-SIPs starting at ₹250 without commission fees. The initiative aims to make financial services accessible to underserved communities, promoting saving and investing. SEBI Chairperson Madhabi Puri Buch praised the scheme as a historic step in empowering small investors and fostering economic growth. SBI Chairman C.S. Setty emphasized the bank’s commitment to financial inclusion, highlighting the success of initiatives like the Pradhan Mantri Jan Dhan Yojana and expanding insurance coverage.
Brief by Shorts91NewsDesk / 02:01pm on 16 Feb 2025,Sunday Business
At Bharat Tex 2025, Prime Minister Narendra Modi expressed confidence in tripling India's textile exports from the current ₹3 lakh crore to ₹9 lakh crore ahead of the 2030 deadline. He highlighted India's position as the world's sixth-largest textile exporter and credited the sector’s growth to decade-long policy consistency and increased foreign investments, which have doubled in the period. Modi emphasized the government’s commitment to strengthening textile manufacturing, boosting employment, and enhancing global competitiveness. This ambitious target aligns with India's broader economic vision of becoming a global leader in textile exports.
Brief by Shorts91NewsDesk / 12:56pm on 16 Feb 2025,Sunday Business
Zoho founder Sridhar Vembu has stepped down as CEO to focus on research and development, appointing co-founder Shailesh Kumar Davey as the new group CEO. Vembu emphasized the need for Indian tech companies to prioritize sustainable growth over short-term valuations, aiming for $100 billion in revenue to drive economic progress. He also advocated for India's self-reliance across various sectors, warning against over-specialization. Additionally, Vembu called for stricter safety measures in adventure sports following the tragic death of a young entrepreneur in a paragliding accident.
Brief by Shorts91NewsDesk / 02:07pm on 15 Feb 2025,Saturday Business
A coalition of 14 U.S. states has sued the federal government, arguing that Elon Musk's appointment as head of the Department of Government Efficiency (DOGE) is unconstitutional. Led by New Mexico, the lawsuit claims Musk’s role bypasses Senate confirmation, violating the Appointments Clause. Attorneys general allege Musk has unlawfully accessed sensitive government data and implemented sweeping changes without oversight. Labeling him a "designated agent of chaos," the plaintiffs seek to block his directives and prevent further unauthorized actions, raising concerns over executive overreach and the legitimacy of his position.
Brief by Shorts91NewsDesk / 09:26am on 14 Feb 2025,Friday Business
Blue Origin, Jeff Bezos’ rocket company, is cutting 1,400 jobs—about 10% of its workforce—to streamline operations and boost rocket launches. CEO Dave Limp announced the layoffs, affecting management, R&D, and engineering roles, as part of a broader strategy shift. Despite lagging behind SpaceX, Blue Origin recently tested its New Glenn rocket, designed to launch heavy payloads and support Project Kuiper, Bezos’ satellite broadband initiative. The company aims to scale operations efficiently by 2025, focusing on manufacturing and launch cadence to remain competitive in the private space race.
Brief by Shorts91NewsDesk / 05:40am on 14 Feb 2025,Friday Business
JioCinema and Disney+ Hotstar have merged to create a new streaming platform, JioHotstar, combining their extensive content libraries. With over 50 crore users and 3 lakh hours of entertainment, the platform aims to provide affordable and personalized entertainment. The service will offer new subscription plans starting at Rs. 149 per quarter. Current subscribers of JioCinema and Disney+ Hotstar will seamlessly transition to JioHotstar. The platform promises AI-driven content recommendations and support for 19 languages, ensuring a more tailored experience for its diverse audience.