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[ad_1] NEW DELHI: Elon Musk on Tuesday reaffirmed his commitment to lead Tesla for at least the next five years, addressing investor concerns and political backlash during a video appearance at the Qatar Economic Forum hosted by Bloomberg. His remarks followed a recent trip to Doha as part of US President Donald Trump’s Middle East delegation.When moderator Mishal Husain asked whether he intended to remain Tesla's chief executive, Musk replied simply, "Yes." Pressed further on whether he had any doubts, he quipped: "I can't be still here if I'm dead."Tesla has faced mounting scrutiny in recent months following Musk’s collaboration with President Trump’s Department of Government Efficiency, a controversial initiative that oversaw sweeping cuts across the US federal workforce. The association led to a decline in Tesla's sales and share price, as well as violent protests targeting the company's dealerships.Asked […]

[ad_1] Tesla CEO Elon Musk on Tuesday announced he will remain at the helm of the electric vehicle giant for at least the next five years, brushing off criticism over his political involvement with US President Donald Trump and insisting that Tesla’s sales and market position have rebounded sharply.“We're strong everywhere else. So sales are... doing well at this point,” Musk said during a video appearance at the 2025 Qatar Economic Forum hosted by Bloomberg. “We're now back over a trillion dollars in market cap, so clearly, the market is aware of the situation, so it's already turned around.”The remarks come after months of consumer backlash and investor unease coupled with violent protests targeting Tesla dealerships, following Musk’s prominent role in Trump’s federal workforce reduction effort, part of what the administration calls the "Department of Government Efficiency." The political alignment […]

[ad_1] The Trump administration is bringing The One Big Beautiful Bill, which carries significant implications for many Indians residing in the US. (AI image) India is staring at a double whammy - It is at the risk of losing a several billion dollars remittance lifeline as US President Donald Trump cracks down on migration. Not only that, the US is also proposing to tax remittances, a move that will add to the woes of Indians in the US who remit money back home. Globally, remittances from overseas workers play a crucial role in sustaining local economies. Developing nations like India heavily rely on these financial transfers, with numerous villages substantially dependent on overseas remittances. India stands as the largest beneficiary of such transfers, receiving approximately $120 billion in the previous fiscal year, matching the government's yearly infrastructure expenditure, according to […]

[ad_1] Tata Electronics is continuing its rapid expansion, having purchased the Indian operations of Apple suppliers Wistron and Pegatron. (AI image) Tata Electronics has commenced iPhone assembly operations, including iPhone 16 and iPhone 16e models, at its Hosur facility. This strategic move positions them to become a significant player in the smartphone supply chain sector, currently led by Taiwanese companies like Foxconn, according to industry experts.Tata Electronics is continuing its rapid expansion, having purchased the Indian operations of Apple suppliers Wistron and Pegatron.The company has established a dedicated mobile phone assembly unit at the facility, as sources told ET.Also Read | Donald Trump’s dream to have Apple ‘Make in US’ may raise iPhone price to $3,000: ExpertsPreviously limited to manufacturing iPhone enclosures at Hosur, Tata Electronics has expanded its operations. "Earlier, Tata Electronics was doing assembly at their Wistron facility […]

[ad_1] Moody’s Ratings said that continued uncertainty surrounding US tariffs is adversely affecting the credit profile of debt issuers across emerging global markets, including corporations, governments, and financial institutions.“The on-again, off-again nature of US tariffs and the difficulty in predicting US trade policy have negative credit consequences for emerging market debt issuers,” Moody’s said in a recent repor. The agency also cited rising geopolitical tensions, such as of India-Pakistan, as additional challenges facing emerging economies, as reported by news agency PTI.While exporters are directly exposed to shifts in US tariff policy, most debt issuers face broader, indirect impacts. These include slower economic growth, commodity price volatility, currency depreciation, and increased investor risk aversion.“The raft of tariffs the US administration has announced, modified, and paused this year continues to weigh on credit conditions for companies, sovereigns, and financial institutions in emerging […]

[ad_1] How to use your bonus: Answers to a few questions will help you... (AI image) Answers to a few questions will help you find the best way to use the surplus cash coming your way soon.1. Does your family have health cover?Don’t rely on the group cover from your employer because it may not provide sufficient coverage.If your answer is No, then…Buy a family floater health plan to cover all family members. A Rs 10 lakh floater plan that covers a husband, wife and two kids will cost about Rs 22,000-30,000 a year depending on the age of the oldest member. Buy from a company with a healthy claim settlement record and a good reputation for customer orientation.If your answer is Yes, then…move to the next question2. Do you have adequate life insurance?Your life insurance cover should be at […]

[ad_1] China’s central bank on Tuesday slashed two major interest rates to a historical low, in efforts to inject fresh momentum into the economy struggling with weak consumer demand, ongoing property crisis, and deepening trade tensions with the United States.The People's Bank of China announced cutting its one-year loan prime rate (LPR), a key reference for household and business lending, trimming it from 3.1% to 3.0%. The five-year LPR, typically used for mortgages, was also lowered by 10 basis points to 3.5%.These are the lowest rates recorded since the LPR was introduced, and mark the first such cuts since October.The move comes days after Beijing and Washington agreed to temporarily ease tariffs in their protracted trade dispute, giving both sides a 90-day window to de-escalate tensions.Zichun Huang, China economist at capital economics, said that the cuts would offer some relief […]

[ad_1] The Reserve Bank of Australia (RBA) lowered its benchmark interest rate by a quarter of a percentage point for the second time this year, bringing the cash rate down to 3.85%. This move follows a steady decline in inflation, which has now fallen within the bank’s target range.The RBA reduced the rate from 4.1%, continuing the easing that began with the first cut from 4.35% in February, Australia’s first rate reduction since October 2020. The bank, however, also warned of "considerable uncertainty" referring to the global response to US President Donald Trump's tariffs."These developments are expected to have an adverse effect on global economic activity," the bank's board stated, quoted by AFP. "Particularly if households and firms delay expenditure pending greater clarity on the outlook."This much-anticipated decision came at a time when optimism had slightly faded due to recent […]

[ad_1] Shares of battery maker CATL or Contemporary Amperex Technology Co Limited, soared more than 13%, after the company’s debut in Hong Kong’s stock market on Tuesday. The company raised a whopping $4.6 billion, making it the biggest initial public offering anywhere in the world so far this year.CATL is a global leader in electric vehicle battery manufacturing, producing more than a third of all EV batteries sold worldwide. The company’s secondary listing in Hong Kong comes as it ramps up efforts to expand globally, especially across Europe.The stock jumped to a high of HK$299.80 during morning trading, recording a 13.7% rise from its listing price of HK$263.00. Expansion CATL is already listed on the Shenzhen Stock Exchange in southern China, and its secondary listing in Hong Kong was announced last December. The funds raised from the Hong Kong listing […]

[ad_1] Domestic equity markets showed consolidation for two consecutive sessions following last week's strong rally. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 went above 25,000, BSE Sensex was above 82,000. At 9:21 AM, Nifty50 was trading at 24,947.20, up 2 points to 0.0070%.BSE Sensex was at 82,088.06, up 29 points or 0.035%.Domestic equity markets showed consolidation for two consecutive sessions following last week's strong rally. US stocks concluded Monday nearly flat as market confidence declined following the downgrade of the government's pristine sovereign credit rating due to substantial debt levels.Regional Asian equities increased for the first time in four sessions. The US currency remained stable on Tuesday following a week of decline.Gold prices decreased on Tuesday, as strengthening dollar and positive developments regarding potential Russia-Ukraine peace […]