Tesla Stock Tanks as Trump Threatens to Pull Federal Contracts from Elon Musk’s Companies Tesla shares took a huge hit on Thursday after a public clash between Elon Musk and former President Donald Trump escalated. Trump hinted that Musk’s companies could lose their federal contracts, and investors didn’t take it well. The stock fell as…
Foreign portfolio investors (FPIs) have withdrawn â‚ą10,355 crore from Indian equity markets during the first four trading days of April (April 1–4), reacting to newly imposed U.S. tariffs affecting several countries, including India. This sharp outflow follows a brief period of optimism when FPIs injected â‚ą30,927 crore into Indian equities over six sessions between March…
The Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) emphasized that every investment from China will continue to undergo rigorous checks, with no plans to ease Foreign Direct Investment (FDI) norms for countries sharing a land border with India. Rajesh Kumar Singh, the Industry Secretary, dismissed speculation about a change in…
The Union government has significantly reduced the windfall tax on domestically produced crude oil, lowering it from Rs 7,000 per tonne to Rs 4,600 per tonne. This decision marks a notable shift in fiscal policy concerning the oil sector, reflecting changes in the global oil market dynamics. The windfall tax on Diesel and ATF Remains…
Finance Minister Nirmala Sitharaman has reaffirmed the Indian government’s commitment to boosting the manufacturing sector, despite skepticism from former RBI governor Raghuram Rajan. At the Confederation of Indian Industry (CII) Annual Business Summit, Sitharaman emphasized the necessity for India to enhance the sophistication of its products and provide policy support to the manufacturing sector. She…
In today’s globalized world, the nexus between wealth, power, and influence is more apparent than ever. It’s not just about the riches amassed by the world’s wealthiest individuals but also about how they utilize their wealth to shape the economic landscape of countries. In this article, we’ll explore the fascinating notion that the world’s wealthiest,…
