The move to increase import duties is part of Prime Minister Narendra Modi's self-reliant India campaign that aims to promote and support domestic manufacturing, said the sources, who asked not to be named as the discussions are not public.

Tesla has incorporated a company in Bengaluru - Tesla India Motors and Energy Private Ltd - with a paid-up capital of Rs 1 lakh and three directors. Its registered address is in the heart of the city, barely a kilometre from the high profile UB City complex

This is the first statement about Tesla's plans for India that Musk has made since the company registered its office in Bengaluru. On January 8,  Tesla registered itself as a company named Tesla India Motors and Energy in Bengaluru

Ahead of its highly anticipated launch in India, electric vehicle major Tesla has incorporated a company in Bengaluru - Tesla India Motors and Energy Private Ltd - with a paid up capital of Rs 1 lakh and three directors; Tata Consultancy Services (TCS), the country's largest software exporter, on Tuesday said it will acquire General Electric's (GE) stake in Tata Consultancy Services Saudi Arabia for $12,471 (about Rs 9.13 lakh); US President Donald Trump, facing impeachment on a charge of 'incitement of insurrection' on Tuesday denied responsibility for his supporters' violent invasion of the US Capitol last week and said his remarks before the siege were appropriate. Watch this and more on News Blast.Also Read: 'A strong India to counter China,' says declassified White House document

As Tesla makes its India debut, internet has gone into a tizzy and netizens have started sharing all kinds of memes

Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein have been appointed as directors of Tesla India; it has been incorporated as a private unlisted company

Signal said it is seeing such a surge in new users that it is witnessing delays in phone number verifications of new accounts

The company on Saturday beat Wall Street targets for annual vehicle deliveries, but missed by 450 units Chief Executive Officer Elon Musk's target of half a million cars in 2020

Bitcoin crosses $34,000 first time in 12 years, rises $5,000 in 3 days Bitcoin continued its unabated rally on the third day of 2021. The most popular cryptocurrency surged past $34,000 on Sunday, the day of Bitcoin Network's 12-year anniversary. The development came within 24 hours of Bitcoin crossing the $30,000 milestone. Bitcoin's continuous surge during the past three days comes in the backdrop of a historic year when the digital currency gave more than 300 per cent returns. 'Congrat...

COVID-19 surveillance, containment guidelines to persist until Jan 31 Despite the declining trend in new COVID-19 cases, Centre on Monday issued an order to extend the 'Guidelines for Surveillance' until January 31 next year. The surveillance guidelines mandate states and union territories (UTs) to follow containment measures, as well as to maintain surveillance. The Ministry of Home Affairs (MHA) issued the new order, justifying the need for surveillance despite a decline in the rate of po...

Zhang has denied all the charges levied against her and has stated that all her reports regarding the COVID-19 outbreak response were based on first-hand accounts of citizens of Wuhan

Gadkari said Tesla will enter the Indian market first with sales but in the future the company might also look at assembly and manufacturing based on the response to its cars by the public

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Tesla CEO Elon Musk wants to build factories around the world to keep its position as the best electric car company intact. It has invested $1 billion in the past quarter to set up new factories in Austin, Texas, Brandenburg, and Germany

Results of public beta testing of SpaceX's Starlink, which provides global internet coverage from space are out.

India's smartphone shipments hit record high in Q3 2020; Xiaomi, Samsung, Vivo top charts; Bank credit rises to Rs 103.44 lakh crore; The world's largest vaccine maker by volume, Serum Institute of India (SII), is readying one billion doses of five different COVID-19 vaccines worldwide before the end of 2021-22. Watch this and more news on News Blast.

Serum to launch 5 COVID-19 vaccines by 2021 end; floats new firmThe world's largest vaccine maker by volume, Serum Institute of India (SII), is readying one billion doses of five different COVID-19 vaccines worldwide before the end of 2021-22. Serum has floated a new company Serum Institute Life Sciences (SILS) that will exclusively focus on developing, producing and supplying pandemic vaccines. SILS is owned by the Pune-based billionaire Cyrus Poonawala and his son Adar Poonawala.Maharasht...

Serum to launch 5 COVID-19 vaccines by 2021 end; floats new firmThe world's largest vaccine maker by volume, Serum Institute of India (SII), is readying one billion doses of five different COVID-19 vaccines worldwide before the end of 2021-22. Serum has floated a new company Serum Institute Life Sciences (SILS) that will exclusively focus on developing, producing and supplying pandemic vaccines. SILS is owned by the Pune-based billionaire Cyrus Poonawala and his son Adar Poonawala.Maharashtra...

CRRC Pioneer Electric (India) Private Limited, one of the six bidders for the project, is a joint venture of the state owned Chinese firm CRRC Corporation Ltd with a Gurugram-based company according to its website

Panasonic will dismiss about 800 workers in Thailand, a company spokeswoman told Reuters, adding that the move is part of its plan to improve cost efficiency