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While Elon Musk's political influence continues to grow, his business empire is witnessing headwinds.
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.
At one point Tejinder was seen saying: "...this ain't India! You...India up, and now you're...America up," the report said.
India will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. If the government has to consider providing incentives then it will only be for all EV makers and entrants who want to come to India, the official said. The official added that inter-ministerial discussions have happened on the customs duty concession demand of the US-based electric car maker Tesla, but "we never" came to any conclusion on those.
India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.
The lawmaker commended Team Vinay's effort to obtain 20,000 registered donors by July 10, and pointed out that "to date, they have reached 6,904 donors, so we have a lot of work to do."
Software major Infosys on Tuesday said it was mulling how it would respond to the California state administration's rejection of its plea seeking tax relief under an alternative filing methodology permitted by the California tax code.
Readers catch up with Ajay Devgan on the sets of a film in Pune.
These photographs are sure to take your breath away!
A consummate deal-maker, the former Aircel boss raked in the moolah in many, but lost a packet in several others.
"AAP has done a fabulous job highlighting corruption and governance issues and have a good platform for that, but their economic platform is very scary," Venktesh Shukla, president, The Indus Entrepreneurs Silicon Valley, the largest TiE chapter, told Rediff.com. "Valley investors are watching India minutely; the next few months are very crucial for Silicon Valley investors."
Maya Vishwakarma gave up her job as a scientist in California to make 'No Tension' sanitary pads for tribal women who have never used one before.
For Make in India's success, Modi govt msut remove policy paralysis.
Suveen Sinha finds out what the tribe of modern, internet entrepreneurs who no longer run their first start-ups are up to.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
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