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Tesla shares plummeted as tensions flared between Elon Musk and Donald Trump after Musk criticized Trump's tax bill. Trump retaliated, accusing Musk of souring their relationship due to the removal of EV tax incentives. This political fallout has impacted Tesla's sales and brought scrutiny to Musk's other ventures, contributing to a significant drop in Tesla's stock value.Tesla shares plummeted as tensions flared between Elon Musk and Donald Trump after Musk criticized Trump's tax bill. Trump retaliated, accusing Musk of souring their relationship due to the removal of EV tax incentives. This political fallout has impacted Tesla's sales and brought scrutiny to Musk's other ventures, contributing to a significant drop in Tesla's stock value.
In a significant relief, the National Company Law Appellate Tribunal (NCLAT) has put a hold on the insolvency proceedings against Reliance Infrastructure. This decision follows an appeal filed by the company, challenging the earlier order by the NCLT's Mumbai bench, which had admitted an insolvency plea from IDBI Trusteeship Services.In a significant relief, the National Company Law Appellate Tribunal (NCLAT) has put a hold on the insolvency proceedings against Reliance Infrastructure. This decision follows an appeal filed by the company, challenging the earlier order by the NCLT's Mumbai bench, which had admitted an insolvency plea from IDBI Trusteeship Services.
Accel partners highlight that Indian AI startups are lagging behind global competitors due to a lack of urgency and limited global vision, despite comparable technical skills. They emphasize that US-based AI startups with rapid revenue growth achieve significantly higher valuations compared to Indian counterparts. Investors now expect AI-first companies to scale rapidly, demanding a global mindset for success.Accel partners highlight that Indian AI startups are lagging behind global competitors due to a lack of urgency and limited global vision, despite comparable technical skills. They emphasize that US-based AI startups with rapid revenue growth achieve significantly higher valuations compared to Indian counterparts. Investors now expect AI-first companies to scale rapidly, demanding a global mindset for success.
WTO chief Ngozi Okonjo-Iweala acknowledged disruptions to the multilateral trading system and urged India to support China-backed investment facilitation, despite India's opposition. She emphasized India's leadership role for the upcoming MC14, particularly in agriculture, while highlighting the need to address India's concerns in that sector. Reform discussions are anticipated at the mini-ministerial meeting.WTO chief Ngozi Okonjo-Iweala acknowledged disruptions to the multilateral trading system and urged India to support China-backed investment facilitation, despite India's opposition. She emphasized India's leadership role for the upcoming MC14, particularly in agriculture, while highlighting the need to address India's concerns in that sector. Reform discussions are anticipated at the mini-ministerial meeting.
Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July. But in early 2025, OPEC+ members decided on the gradual output increase and subsequently began to accelerate the pace.Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July. But in early 2025, OPEC+ members decided on the gradual output increase and subsequently began to accelerate the pace.
The Indian government has reduced the basic customs duty on crude edible oils to 10%, a move lauded by SEA and IVPA. This aims to support domestic refiners by discouraging refined palmolien imports. The decision widens the duty gap between crude and refined oils, potentially lowering domestic prices and benefiting consumers.The Indian government has reduced the basic customs duty on crude edible oils to 10%, a move lauded by SEA and IVPA. This aims to support domestic refiners by discouraging refined palmolien imports. The decision widens the duty gap between crude and refined oils, potentially lowering domestic prices and benefiting consumers.