Elon Musk bets on India: Tesla to open showrooms in July; ‘Made in China’ EV may cost more than $56,000, says report

Tesla’s first retail location is scheduled to open in Mumbai by mid July. (AI image) Elon Musk-led Tesla plans to inaugurate its first showrooms in India this July, according to informed sources, marking its official entry into the world’s third-largest car market, as the company seeks expansion amidst declining sales in European and Chinese markets.The…

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Core sector slowdown: Core industries index slips to nine-month low of 0.7% in May; crude, gas and electricity drag index despite cement, steel gains

India’s eight core infrastructure sectors grew by just 0.7% in May 2025, marking the slowest pace in nine months, according to official data released by the commerce ministry on Friday.The previous low was recorded in August 2024, when the index had contracted by 1.5%. In April this year, core sector growth had come in at…

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Isro-HAL deal: HAL bags Small satellite launch vehicle tech transfer bid from Isro, beating Adani-backed Alpha Design Technologies, BDL-led consortia

Hindustan Aeronautics Limited (HAL) has won the bid for the transfer of technology (ToT) of the Small Satellite Launch Vehicle (SSLV), a key Isro project designed to rapidly launch payloads of up to 500 kg into low Earth orbit.Announcing the decision at a virtual press conference on Thursday, Indian National Space Promotion and Authorisation Centre…

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Air India fares drop after Boeing 787 crash; fleet inspections lead to flight cancellations and reduced operations

Air India fares have fallen significantly across both domestic and international routes following the crash of the Air India Boeing 787 Dreamliner last week. Data from travel platform ixigo showed a sharp drop in Advance Purchase Days (APD) fares, tickets bought between zero and fifteen days before travel, compared to the previous week. The analysis…

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‘Make in India’ export push! PM Modi flags off first state-of-the-art locomotive for Guinea from Bihar’s Marhowra plant – check top features

Diesel locomotive from the Marhowrah Diesel Locomotive Factory in Bihar (Image credits: Railways) Prime Minister Narendra Modi on Friday flagged off the first ‘Make in India’ for export diesel locomotive from the Marhowrah Diesel Locomotive Factory in Bihar, marking a significant milestone in India’s rail manufacturing and export capabilities.Developed under the ‘Make in India’ initiative…

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Rare Earth crisis deepens: China’s shipments sink to five-year low; down 74% YoY in May

China’s overseas shipments of rare earth magnets fell sharply in May, dropping to their lowest level in more than five years as export restrictions and heightened customs scrutiny disrupted global supply chains.According to data from the General Administration of Customs, China exported just 1,238 metric tons of rare earth permanent magnets last month, a 52.9%…

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‘Violation of standard airworthiness…’: Days before Air India crash, DGCA warned airline of breaching safety rules on Airbus aircraft: Report

The regulator noted that Air India “failed to submit timely compliance responses” to identified deficiencies. (Ai image) The Directorate General of Civil Aviation had issued a warning to Air India regarding safety protocol violations, as three of the airline’s Airbus aircraft continued operations despite pending inspections of emergency systems. The regulatory body also criticised the…

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Mytaros to succeed Kataria as Bata CEO

The Bata group has announced the appointment of Panos Mytaros as its new global CEO, effective Sept 15, 2025. Mytaros will succeed Sandeep Kataria, who led the group since 2020. Mytaros brings over 30 years of global experience. TNN Stay informed with the latest business news, updates on bank holidays and public holidays. AI Masterclass…

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Gold price prediction today: What’s the gold rate outlook for June 20, 2025; why a ‘sell on rise’ strategy makes sense?

LKP Securities says traders should follow a Sell on Rise approach as long as prices remain below the ₹99,150–₹99,350 resistance zone. (AI image) Gold price prediction today: Gold prices have shown a weak trend in the past few days. Where are gold rates headed in the near-term and what should investors of gold do? Here’s…

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