BYD, China’s leading electric vehicle (EV) maker, saw its market capitalisation surge to almost $162 billion on Tuesday, March 18, after unveiling a new battery and charging system that charges almost as fast as refuelling a conventional car. The surge in BYD’s stock pushed its market capitalisation beyond the combined market value of India’s top […]
Top stories: Nifty slips 1% this week, Patanjali enters insurance, Tesla’s Make in India plans uncertain & more – CNBC TV18
This week, markets struggled as IT stocks dragged the Nifty lower, while IndusInd Bank faced a fresh target cut from CLSA. Blackstone made its first bet on Indian residential real estate with a ₹1,800 crore investment in Kolte-Patil, and Patanjali Ayurved entered the insurance sector with a stake in Magma General Insurance. Tesla may enter […]
Donald Trump says he’ll buy a Tesla to support Elon Musk after shares plunge – CNBC TV18
US President Donald Trump said he’ll buy a “brand new” Tesla to support Elon Musk, after shares of the electric car maker had their worst day in four years amid a growing backlash over Musk’s political allegiances. In a post just after midnight in Washington, Trump said he will buy a new Tesla “tomorrow morning” […]
Tesla faces uphill battle in India’s price-conscious, says auto expert Arun Malhotra – CNBC TV18
Tesla’s ambitious entry into the Indian market is poised to face significant hurdles due to the nation’s price-sensitive consumer base, according to auto industry expert Arun Malhotra, former Managing Director of Nissan-India. This assessment comes amidst escalating trade tensions between India and the United States, with both nations engaging in crucial bilateral trade talks. “Even […]
M&M shares set for worst weekly performance in five years after another 6% fall – CNBC TV18
Shares of Mahindra & Mahindra Ltd. (M&M) are the worst performers on the Nifty 50 index on Friday, February 21, having declined as much as 6.5%. Company Value Change %Change With Friday’s fall, the stock has declined in nine out of the last 10 trading sessions. M&M’s shares have declined nearly 10% so far this […]
Top Stories | Tesla begins hiring in India, Elon Musk’s xAI rolls out Grok 3, Nifty50 declines & more – CNBC TV18
In today’s edition, we’ve got a mix of stories from the world of business, politics, and global affairs. Tesla is making strides towards its much-anticipated entry into the Indian market, with recruitment underway ahead of a low-cost EV launch, following Prime Minister Modi’s recent visit to the US. Company Value Change %Change In the realm […]
US State Department drops Tesla from $400 million armoured EV plan amid conflict concerns – CNBC TV18
The State Department’s procurement forecast removed the mention of Elon Musk’s Tesla Inc. in relation to a planned $400 million armoured EV purchase after reports emerged about it on Wednesday. The December version of the document had included an “Armored Tesla” budget item that would span five years and start in 2025, however the document […]
Trump Tariffs | Justin Trudeau to address the nation, says ‘Canada is prepared’ – CNBC TV18
Canada Prime Minister Justin Trudeau addressed the Trump tariffs on Canada in an X post on Sunday, February 2 (IST). “We did not want this, but Canada is prepared. I’ll be addressing Canadians later this evening,” he said. Trudeau also said he met with the Premiers and the Cabinet and would be speaking to Mexico […]
Trump sides with Elon Musk in H-1B visa debate, says he’s always been in favour of the program – CNBC TV18
President-elect Donald Trump sided with key supporter and billionaire tech CEO Elon Musk in a public dispute over the use of the H-1B visa, saying he fully backs the program for foreign tech workers opposed by some of his supporters. Trump’s remarks followed a series of social media posts from Musk, the CEO of Tesla […]
Elon Musk’s net worth tops $400 billion, a historic first – CNBC TV18
Elon Musk, whose wealth has been turbocharged since President-elect Donald Trump’s win last month, became the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual. The most recent catalyst was an insider share sale of his privately held SpaceX, which boosted Musk’s net worth by roughly $50 […]