Business
Elon Musk pay reboot: Tesla approves $29bn award after court setback, board bets big to retain CEO’s focus on AI
Tesla’s board has approved a new stock award for CEO Elon Musk, valued at approximately $29 billion, to incentivize his continued leadership. This decision follows a Delaware court’s rejection of Musk’s previous 2018 compensation package. The new award aims to secure Musk’s focus on Tesla, particularly as the company shifts towards autonomous robotaxis and AI-driven…
IndiGo’s London leap: Airline to begin daily Heathrow flights from October 26 with leased Dreamliners; targets 40% overseas capacity by FY30
IndiGo is celebrating its 19th anniversary by launching daily non-stop flights to London Heathrow in October 2025, utilizing leased Boeing 787-9 Dreamliners. This expansion is part of a broader international strategy, including new routes to Copenhagen, Athens, and Central Asia. The airline is also enhancing its premium travel options and expanding codeshare partnerships to improve…
Electric mobility index 2024: Delhi, Maharashtra, Chandigarh top Niti Aayog’s EV index; 29 states have EV policies in place
Niti Aayog’s inaugural India Electric Mobility Index 2024 reveals Delhi, Maharashtra, and Chandigarh as leaders in EV transition. The index assesses states on EV adoption, charging readiness, and innovation. As of June 2025, over 6.5 million EVs operate on Indian roads, marking a significant rise from 0.5% of vehicle sales in 2018 to 7.
EV roadmap: Niti Aayog seeks time-bound national EV policy; sets roadmap to reach 30% EV sales share by 2030
Niti Aayog’s report urges the government to establish a national EV policy with clear targets and timelines to accelerate India’s transition to clean mobility. The report suggests mandates, disincentives for ICE vehicles, and a focus on high-potential EV segments. It also proposes a pooled fund for low-interest loans and prioritizes service delivery models to achieve…
US announces new visa rules! Some business travellers, tourists may have to pay $15,000 in bonds soon – check Trump administration’s latest move
The Donald Trump administration is reviving a policy requiring visitors from countries with high visa overstay rates to pay bonds up to $15,000 for B-1 and B-2 visas. This year-long pilot program aims to ensure visitors depart on time.
RBI monetary policy meet: Members begin deliberation amid tariff worries and easing hopes; experts split on rate cut call as MPC weighs inflation, US shocks
The Reserve Bank of India’s MPC commenced a three-day meeting amidst expectations of a rate pause, influenced by US tariffs and domestic economic factors. While economists are divided, industry voices advocate for a 25 bps rate cut to support MSMEs facing export headwinds. The decision hinges on inflation data, oil prices, and the impact of…
Trade protest: Farmers’ outfits call for nationwide stir on August 13; retaliation against Trump’s tariff threat, CETA
Farmers and trade unions in India are planning a nationwide protest on August 13, 2025, against the proposed US tariffs and the India-UK trade agreement. They criticize the US for economic coercion and the Indian government for aligning with Western trade interests. The unions fear these agreements will harm domestic sectors, impacting agriculture, labor, and…