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Tag: Business

Maharashtra invites Tesla to invest in the state, making way for Elon Musk’s entry in India

Maharashtra invites Tesla to invest in the state, making way for Elon Musk’s entry in India

Business, Latest News
Maharashtra’s minister of tourism Aditya Thackeray, shared a tweet on Thursday, stating he and the Minister for Industries & Mining Subhash Desai held a video call with Tesla. Mumbai: The Government of Maharashtra, in its bid to fetch auto investments, is in talks with Elon Musk’s Tesla, Inc. Two of the state ministers — Aditya Thackeray and Subhash Desai held a video call with the Tesla team, inviting the American EV auto giant to make investments in India. Aditya informed about this video meet on Twitter. The tweet reads, “This evening I had the opportunity to participate in a video call by Industries Minister @Subhash_Desai ji with @Tesla team to invite them to Maharashtra. I was present not because of just the investment but my firm belief in electric mobility & sust...
Bharti Airtel’s 45% stake in OneWeb to revolutionize telecom sphere

Bharti Airtel’s 45% stake in OneWeb to revolutionize telecom sphere

Business, Latest News
Bharti Enterprises Limited — India’s multinational Conglomerate and the parent company of Airtel, was recently involved in a historic deal that might transform the face of the global telecom industry. The company acquired 45% stake in OneWeb — a global communication company based in the United Kingdom.  After initial successes, OneWeb had problems in raising capital and finally on 27th March 2020, it filed for bankruptcy. On 3 July 2020, Mittal Group and the UK government won a bid to buy the OneWeb, with each of them investing USD500 million. Despite being under huge pressure in the Indian market owing to the rise of Reliance Jio, Airtel has managed to win this bid that might see it becoming a part of the global telecom and internet revolution in the years to come. “OneWeb...