Tesla’s Sales in India Declined to 40 Units in October
Tesla, a US-based electric vehicle manufacturer, currently offers only the Model Y SUV in India. In July, Tesla opened its first showroom in India, where sales dropped to 40 units in October, bringing the cumulative total to 104 units, having delivered 64 units in September. According to the industry body Federation of Automobile Dealers Associations…
Himanshu
upGrad to Purchase Unacademy in $300-400 Million Deal
upGrad Education Private Limited is in talks to acquire Unacademy in a deal that could be worth $300-400 million (₹2,800-3,500 crore). “The two companies could sign a term sheet in three weeks”, said a person familiar with the matter. The potential valuation shows a significant decline from Unacademy’s $3.44 billion valuation in 2021, demonstrating how…
Vipin
India is Set to Become $10 Trillion Economy by 2040
India is poised to take a historic leap, projected to become the world’s third-largest economy by 2040, driven by four transformative forces: Development, Diversification, Digitalisation, and Decarbonisation. These forces will guide India’s exceptional growth, enabling it to become a developed economy and a resilient, future-ready nation. The country’s economy is expected to expand at an…
Yash Sharma
SBI Second Quarter Net Profit Jumps 10% to ₹20,160 Crore
The second quarter, which ended on September 30, 2025, the State Bank of India reported a 10% year-on-year (YOY) rise in net profit to ₹20,160 crore, driven by profits from the YES Bank stake sale and improved asset quality. Recently, the bank sold a 13.18% stake in YES Bank, generating a profit of ₹4,593 crore,…
ABHYUDAYA MITTAL
Adani Opts for Arbitration in Bangladesh Dispute
Adani Power in India announced on Monday that it has opted for an international arbitration process to settle disputes over Bangladesh’s power supply payments. The company has been at odds with the Bangladesh Power Supply Board over pending payments for the electricity it supplies as part of the 2017 pact signed by both parties. “There…
Sumit
Poonawalla Group Acquires Stake in Macron Group
“Poonawalla Group, Led by Yohan and Michelle Poonawalla, Along with Associate Partners, Acquires Stake in Macron Group to Drive Transformation in India’s $380 Billion Logistics Sector“ Mumbai, November 3rd, 2025: In a remarkable move set to accelerate growth and innovation in multi-vertical industries, billionaire industrialists and philanthropists Yohan and Michelle Poonawalla and their associate partners…
abhinav singh
India to Triple the Size of its Rare Earth Program
India is set to triple the size of its rare earth plan to more than ₹7,000 crore ($788 million) as it races to establish domestic capacity in a sector dominated by China. The offer awaiting cabinet approval marks a significant shift from a previous $290 million strategy that aimed to secure electric vehicles, renewable energy,…
Google to Offer Gemini AI Free Access to Jio Users
Google announced free 18-month access to its Gemini AI to all 505 million telecom users in India’s Reliance Jio. This is a tie-up that follows similar freebies from rivals, including OpenAI’s, to promote adoption in the world’s most famous nation. The significant step comes after Google’s offer to invest $15 billion in AI infrastructure capacity…
Shipra Prajapati
India Considers $12 Billion Plan to Bailout Power Firms
India may offer a bailout of more than ₹1 trillion ($12 billion) for debt-laden state-run power distribution companies. To accept the funds, the state will be required to privatise its electric utilities and transfer managerial control, or keep control while listing them on a stock exchange, according to government officials and a Ministry of Power…
OpenAI Proposes Free ChatGPT Go in India For One Year
Microsoft-backed OpenAI announced on Monday that it will offer a ChatGPT Go subscription for free in India for 1 year, beginning November 4. This remarkable move was taken to expand adoption in its second-largest market. The earlier OpenAI subscription plan, offered in August in India, is the most reasonable and is now priced at ₹399…
