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India Welcomes Tesla, Elon Musk But Union Minister Says Country Will Remain Self-Reliant

India finally welcomes Tesla and Elon Musk. But, the Union minister said that the country will remain self-reliant.

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India In-Focus — Shares rise; India's May trade deficit widens to $24.29bn; Tesla executive in India quits

MUMBAI: Indian shares jumped about 1 percent on Thursday after a four-session slide, with financials leading the recovery after the US Federal Reserve hiked rates as expected to control rising inflation. The NSE Nifty 50 index pared initial gains and was up 0.8 percent at 15,814.5, as of 0358 GMT, while the BSE index rose 0.8 percent to 52,996.9. May trade deficit widens to

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Tesla's first employee in India resigns after company puts entry plans on hold

Tesla's first employee in India had been lobbying the government for more than a year to cut down on the import tax on electric cars from up to 100 per cent to 40 per cent.

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