Taiwanese contract manufacturer Foxconn, Apple's primary supplier, will receive Rs 6,970 crore in incentives as part of Karnataka's special incentive scheme for the Electronics System Design and Manufacturing (ESDM) sector. The Karnataka government has also announced a series of measures to improve Bengaluru's infrastructure, including increasing the annual grant for the city from Rs 3,000 crore to Rs 7,000 crore by the year 2...
West Bengal Chief Minister Mamata Banerjee walked out of the NITI Aayog meeting on July 27, alleging that her microphone was muted and she was not allowed to speak beyond a certain time. However, Union Finance Minister Nirmala Sitharaman and the Press Information Bureau Fact Check denied these claims, stating that Banerjee was heard clearly and had the opportunity to request more time.
Financial planner A.K. Mandhan criticizes the Sovereign Gold Bond (SGB) scheme, citing its flawed design and the ballooning government liabilities associated with it. He argues that the scheme's guarantee of redemption at prevailing market rates has led to a 930% increase in government liabilities in just six years, reaching a staggering ₹1.13 lakh crore at current gold prices.
Frustrated Tesla owners, including a former enthusiast, protested against Elon Musk's management style, citing deteriorating customer service, layoffs, and concerns about its potential impact on broader governance. The protest reflects a growing sentiment among consumers who feel abandoned by the company's shift towards automation and cost-cutting measures.
Shark Tank India's fourth season has witnessed a significant investment of Rs 94.8 crore in various startups, with Aman Gupta and Ritesh Agarwal leading the individual investments. The show has continued to generate interest in entrepreneurship and investment discussions, making it a prominent platform for the Indian startup ecosystem.