NEW DELHI: Brazilians gathered in a rally to express their support for former President Jair Bolsonaro, where they lauded Elon Musk, the CEO of Tesla and SpaceX. Musk’s defiance against perceived censorship by Brazil’s Supreme Court earned him accolades from Bolsonaro’s supporters. Thousands attended the rally, displaying signs expressing gratitude to Musk, who has been…
OpenAI says Elon Musk‘s claim that the company has abandoned its altruistic principles in pursuit of profits is nothing more than “revisionist history” and an effort to boost his competing artificial intelligence company.Musk, one of OpenAI’s early funders, sued the firm and CEO Sam Altman in March, saying it had breached its founding promise to…
NEW DELHI: In a sudden and unexpected move, maverick American billionaire Elon Musk canceled his India visit just days before his arrival where he was scheduled to meet Prime Minister Narendra Modi and announce investments worth billions of dollars around a greenfield electric car project for Tesla, apart from satcom venture Starlink.Musk, who had just…
NEW DELHI: Tesla founder Elon MusK has reportedly postponed his trip to India where he was scheduled to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, a Reuters report said citing sources.(This is a developing story) Source link
Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion, three sources with direct knowledge of the matter told Reuters on Friday.SoftBank-backed Ola is India’s answer to Uber and plans to file papers for approval with the country’s market regulator within three months, said…
NEW DELHI: Elon Musk, the CEO of Tesla, made a subtle comment on Friday in response to news of Israeli strikes on the Iranian city of Isfehan in Central Iran. He suggested that rockets be fired toward the stars rather than at one another.“We should send rockets not at each other, but rather to the…
Tesla will ask shareholders to vote again on the same $56 billion compensation package for CEO Elon Musk that was voided by a Delaware court early this year.In its proxy filing issued on Wednesday, Tesla also said it will call a vote on moving the company’s state of incorporation to Texas from Delaware. The carmaker…
NEW DELHI: Ahead of Starlink-promoter Elon Musk‘s visit to India, the Centre has notified a new Foreign Direct Investment (FDI) limit for various satellite-related activities under Foreign Exchange Management (Non-Debt Instruments) Rules, enabling foreign investors to firm up investment plans in the sector.A notification from the finance ministry said the new rules called the Foreign…
Elon Musk-led Tesla has reportedly inked a strategic deal with Tata Electronics to acquire semiconductor chips for its global operations. This move highlights Tesla’s growing interest in India beyond local revenue generation.ET exclusively reported that the agreement, executed discreetly a few months ago, positions Tata Electronics as a reliable supplier for top-tier global clients looking…
Tamil Nadu will aggressively pitch itself as a manufacturing site for Tesla Inc. as speculation builds about the US company’s planned investments ahead of billionaire Elon Musk’s visit.“Tamil Nadu will be pitching for all opportunities of electric vehicle manufacturing from all global car majors,” T. R. B Rajaa, the state’s minister for industries said, when…
