Jindal Group MD Sajjan Jindal expressed doubts over Elon Musk's ability to succeed in the Indian market due to the strong presence of established Indian automakers. Despite this, Tesla has secured office space in Mumbai and listed job openings, indicating their intent to enter the Indian market with the Model Y expected to be their first offering.
SpiceJet is facing renewed financial trouble as three aircraft lessors and a former pilot have filed insolvency petitions against the airline in the NCLT, citing unpaid dues totaling over $12.68 million. The airline is already battling multiple cases from creditors and its financial troubles remain far from over.
India's retail inflation eased to a seven-month low in February 2025, while factory output rebounded to grow by 5% in January, indicating positive signs for the economy and providing space for further rate cuts by the central bank. The decline in inflation is largely attributed to lower food prices, while the rebound in factory output is driven by a pick-up in manufacturing growth.
Aravind Srinivas, CEO of Perplexity AI, hinted at a potential collaboration with Elon Musk's AI chatbot, Grok, sparking speculation about a powerful alliance in the AI landscape. This potential integration could enhance Perplexity's AI-powered search and answer engine by leveraging Grok's conversational abilities, further positioning it as a major player in the AI space.
Steve Bannon, a former Trump advisor, has launched a scathing attack on Elon Musk, calling him a "parasitic illegal immigrant" and accusing him of pushing radical ideas. Bannon's remarks have reignited debates about Musk's immigration history, his role in the Trump administration, and his growing influence in US politics.