‘As promised’: Elon Musk confirms Tesla’s India entry with 2-word tweet

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CEO has confirmed the company’s plans to enter the Indian market, within days of the electric vehicle maker registering its arm in the country.


“As promised,” Musk tweeted in response to a thread linked to a blog that analysed how India could still be a market to be developed for cars despite its high prices.



Earlier this week, it emerged that US electric car maker has registered its Indian arm amid indications that the company is set to enter the country’s automobile market.


According to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with Registrar of (RoC) Bangalore.


The company has been registered as an unlisted private entity with a paid-up capital of Rs 1 lakh.


Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein have been appointed as directors of Tesla India, as per the RoC filing.


The company is reportedly in talks with five states as it explores feasibility of setting up its manufacturing unit and research and development (R&D) centre in India.


Last month, Union Minister Nitin

Top 5 best SIP plans for FY 2018-19 in India

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If you’re serious about building a huge corpus to meet your future financial goals, you will NEED to carefully select and invest your hard-earned money in the best SIP plans available. 

We’re sure you’re wondering: 

Why SIP Investment?

Here’s your answer: After demonetization,SIP investments Plans have emerged as the less risky investment instruments that provide capital security by hedging the risk of inflation. No wonder, SIP investment has become the go-to investment instrument for investors who want to generate attractive returns, without risking their capital investment.

And that’s not all: some of the best SIP plans have consistently generated annual returns of approximately 20% for the last two decades.

No wonder: A report by AMFI revealed that the Mutual Fund industry added an average of 10.07 lacs SIP accounts each month, with average SIP size of around ₹3,200 per SIP account in FY 2018-19. 

But here’s the deal: There are hundreds of SIP plans available in the market and taking the best pick remains a cumbersome task even for the most seasoned of investors. 

In this post, we will present to you the best SIP plans in India for FY2018-19 to help you take the best pick. 

India’s December wholesale inflation slows to 1.22% as food prices ease

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The wholesale price-based inflation slowed to 1.22 per cent in December on easing food prices, as per government data released on Thursday.


The inflation based on Wholesale Price Index (WPI) was 1.55 per cent in November 2020, and 2.76 per cent in December 2019.



The rate of inflation based on WPI Food Index decreased from 4.27 per cent in November 2020, to 0.92 per cent in December 2020, as per the data released by the Department for Promotion of Industry and Internal Trade.


It is to be noted here that retail inflation had also dropped sharply to 4.59 per cent in December, mainly due to declining

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Infosys posts 16.6% net profit growth in Dec quarter, revises FY21 guidance

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Information technology (IT) services major on Wednesday raised its full-year revenue and margin guidance after posting 16.6 per cent growth in net profit in the quarter ended December (Q3). The consolidated net profit of Rs 5,197 crore in Q3 is the highest ever for the firm, and beat analyst estimates, which had pegged it at just over Rs 5,000 crore.


The Bengaluru-headquartered company also guided for double-digit growth in the next financial year on the back of a ramp-up in large deals, acceleration in digital spends by clients, and a strong deal pipeline. The company revised its hiring target and indicated it would hire 24,000 freshers next year up from 15,000 planned earlier.


reported 12.3 per cent year-on-year revenue growth in Q3 at Rs 25,927 crore, as against an estimate of Rs 25,184 crore. The banking and financial services segment, which contributes over a third of its revenue and is its largest vertical, grew by over 13 per cent. Digital business continued its growth momentum, rising 33 per cent over the year-ago quarter. The business now contributes half of Infosys’ revenue compared to 40.6 per cent a year ago.


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Trump Impeached For Unprecedented Second Time

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Donald Trump became the first US president in history to be impeached twice when the House of Representatives voted Wednesday to charge him with inciting last week’s mob attack on Congress.

The Senate will not hold a trial before January 20, when Democrat Joe Biden assumes the presidency, meaning the real estate tycoon will escape the risk of being forced to leave early. He will, however, depart in disgrace — and likely due to face a Senate trial later.





US Speaker of the House, Nancy Pelosi, is unlikely to agree to stand alone aid bills that President Trump has called for, since that would surrender leverage to win support for state and local governments
 AFP / Nicholas Kamm

The only question in the House had been how many Republicans would join the Democratic majority.

In the end, 10 Republicans broke ranks, including the party’s number three in the House, Representative Liz Cheney.



US Speaker of the House Nancy Pelosi will preside over the second vote in just 13 months to impeach President Donald Trump


US Speaker of the House Nancy Pelosi will preside over the second vote in just 13 months to impeach President Donald Trump
 AFP / ANDREW CABALLERO-REYNOLDS

Holed up in the White House, Trump had no immediate reaction but he earlier issued a brief statement insisting that he opposed

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