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US car giant Tesla to set up manufacturing unit in Karnataka

US car giant Tesla to set up manufacturing unit in Karnataka
Karnataka Chief Minister BS Yediyurappa says US carmaker Tesla will set up a car-manufacturing unit in the state, and that an industrial corridor would be developed in Tumakuru, creating 2.8 lakh jobs.
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US-based electric car giant Tesla would set up its manufacturing unit in Karnataka, Chief Minister BS Yediyurappa said on Saturday.
American firm Tesla will set up a car-manufacturing unit in Karnataka, the Chief Minister said.
In 2021-22, infrastructure development at a cost of Rs 1.16 crore would take place in the state and Rs 14,788 crore would be released for the second phase of the Metro Rail work. ....

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Tesla to set up electric car manufacturing plant in Karnataka, says CM Yediyurappa

Tesla to set up electric car manufacturing plant in Karnataka, says CM Yediyurappa
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(MINT PRINT)
Elon Musk, founder and chief executive officer of Tesla, said earlier that US electric carmaker will make a foray into India in 2021
In January, Elon Musk s company set up a subsidiary named Tesla India Motors and Energy Pvt. Ltd in Bengaluru
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Tesla Inc will set up an electric car manufacturing unit in Karnataka, said chief minister BS Yediyurappa in a statement. The statement was a part of release listing benefits for the southern state under the Union Budget 2021. American firm Tesla will open its electric car manufacturing unit in Karnataka, Yediyurappa said in a statement in Kannada. ....

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Future Group is misleading regulators, alleges Amazon

The Delhi HC should dismiss Future Group’s suit and stay further proceedings, said Amazon ....

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Indian startups band together to stand up to Big Tech

Indian startups band together to stand up to Big Tech
A group of early stage SaaS (software-as-a-service) startups have come up with a plan to extend a working capital lifeline to those who face imminent closurePremium
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BENGALURU: Founders of Indian startups have come together to form an indigenous startup association, Atamnirbhar Digital India Foundation (ADIF), as a representative body for domestic technology firms to ensure growth and development of the country s digital economy.
The association will put forth the views of these startups and new-age tech firms as it looks to advise the government and sector regulators with legal and policy framework, and design new solutions. ....

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Blackstone lines up three IPO exits from India in 2021

Blackstone lines up three IPO exits from India in 2021
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Blackstone is in the process of taking three portfolio firms public, including a US listing for an IT services firm.bloomberg
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Blackstone Group has lined up a robust pipeline of exits from its India portfolio this year. The New York-based alternative assets manager is in the process of taking three portfolio companies public, including a US listing for an IT services company, said two people familiar with the development.
In all, Blackstone is preparing for at least four liquidity events during the year. ....

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