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Karnataka Government Invites Elon Musk to Set Up Business in State

ByNews Polite June 23, 2023

The Karnataka government has extended an invitation to business magnate Elon Musk to set up businesses in the southern state. Karnataka’s Minister for Commerce and Industries, Infrastructure MB Patil, in a Twitter post, wrote his state Karnataka is the “ideal destination” for Tesla‘s expansion into India. “If Tesla considers setting up a plant in India, Karnataka, with its great potential and capabilities, I must say is The Destination,” he added. “As a progressive state and a thriving hub…

Applied Materials to Invest 0 Million to Set Up New Engineering Centre in India

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Applied Materials to Invest $400 Million to Set Up New Engineering Centre in India

ByNews Polite June 22, 2023

US semiconductor toolmaker Applied Materials will invest $400 million (roughly Rs. 3,300 crore) over four years in a new engineering centre in India, the company said on Thursday. Indian Prime Minister Narendra Modi met with the company’s CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the…

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Elon Musk’s Starlink High-Speed Internet Service Eyes India, Faces Resistance From Reliance Jio Over Auctions

ByNews Polite June 22, 2023

Elon Musk is eager to bring his Starlink satellite broadband to India, but the world’s richest man faces strong resistance from Mukesh Ambani, Asia’s wealthiest, who runs Indian telecom giant Reliance Jio.Following a meeting with Indian Prime Minister Narendra Modi in the US on Tuesday, Musk said he was keen…

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Elon Musk Reclaims Position as World’s Richest Person After Bernard Arnault’s Louis Vuitton Shares Drop

ByNews Polite June 1, 2023

Elon Musk has yet again claimed his position as the world’s richest person after beating the CEO of the French luxury brand Louis Vuitton Bernard Arnault, according to Bloomberg Billionaires Index. According to the Bloomberg Billionaires Index, as of Thursday, Musk’s net worth was about $192 billion (roughly Rs. 15,82,483 crore),…

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Tesla Under Germany’s Scanner After Report Says Firm Failed to Protect Data From Customers, Employees

ByNews Polite May 26, 2023

German authorities have serious indications of possible data protection violations by Tesla, Handelsblatt newspaper reported on Thursday, citing the data protection office in the state where the carmaker has its European gigafactory. Handelsblatt’s report said the US electric car manufacturer has failed to adequately protect data from customers, employees, and…

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Elon Musk to Continue Tweeting Unfiltered Thoughts Even at the Cost of Business

ByNews Polite May 17, 2023

Elon Musk on Tuesday said a new Twitter chief executive will let him devote more time to Tesla, but that he will continue to tweet his unfiltered thoughts even if it hurts his businesses. “I don’t care,” the billionaire said during a CNBC interview when asked what he thought of…

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Elon Musk Announces NBCUniversal’s Linda Yaccarino to Become New CEO of Twitter

ByNews Polite May 12, 2023

Elon Musk on Friday took to Twitter to announce the name of the new Twitter CEO. As his tweets confirmed, NBCUniversal’s Linda Yaccarino has been hired to take over Musk’s role as the CEO of the social media company. Sharing about her job responsibilities at Twitter, Musk mentioned that her she…

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New Twitter CEO Appointment May Allow Elon Musk to Focus on Tesla, Remove Distraction

ByNews Polite May 12, 2023

Elon Musk‘s selection of a new CEO for Twitter may remove a big distraction for the billionaire and allow him to focus more on Tesla, which has been struggling with a drop in demand for its electric vehicles, analysts said. Shares of the world’s most valuable electric vehicle maker, which…

Tech

Elon Musk Hires New Twitter CEO as He Announces to Take Executive Chair, CTO Position

ByNews Polite May 11, 2023

Twitter CEO Elon Musk said on Thursday that he has found a new chief executive for the social media platform without naming his replacement. “Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks!,” Musk said in a tweet. Musk said he will…

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Used EV Sales Rise in the US Amid Fall in Prices: Report

ByNews Polite April 7, 2023

Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the…

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