Indian government refrains from providing tailor-made incentives to Tesla, the US electric car manufacturer, but states have the freedom to offer concessions. Tesla is showing interest in building a complete supply chain in India. Currently, imported cars as completely built units attract customs duties ranging from 60% to 100%.

SEC Files Lawsuit Against Coinbase for alleged unregistered broker and exchange activities, demanding a permanent halt. Coinbase’s shares fell 12% after the lawsuit, following a 9% drop due to charges against Binance. SEC claims Coinbase violated securities laws, while the company argues for transparent legislation instead of litigation

India-based healthcare venture studio, 2070 Health, secures a substantial $30 million investment from W Health Ventures. The funding will drive innovation in healthcare, accelerating the development of groundbreaking companies that aim to make high-quality healthcare more accessible and affordable for one billion Indians.

Cloud-lending firm Lentra raises $27 million in an extended series B round led by MUFG Bank and Dharana Capital, bringing their total funding to $87 million. Lentra aims to empower lenders globally with its loan management system and expand its presence in Southeast Asia and the US.

On June 6, Samsung will introduce the Galaxy F54 5G in India. On Flipkart and the Samsung website, the mid-range smartphone will be available for purchase. Some important camera specifications

Suppliers to Chongqing Changan Automobile, a state-owned Chinese automaker, have expressed their dissatisfaction after the company reduced their payments by 10%. The suppliers argue that they are unfairly being made

The President of the Dutch central bank, Klaas Knot, has stated that underlying price pressures in the euro zone may pose challenges, although monetary policy is exhibiting signs of effectiveness.

Oil prices encountered a modest downturn on Tuesday, reversing the progress achieved the day before. In spite of Saudi Arabia’s declaration of a substantial reduction in production, apprehensions regarding the

RBI

The Aditya Birla Group has announced an investment of roughly Rs 5000 crore in the branded jewellery retail industry. After paints and B2B e-commerce for construction supplies, this is the

BBK Electronics Corp, China’s top smartphone manufacturer, has separated three of its major brands in India – Oppo, OnePlus, and Realme – into independent organizations, with revenues accounted for in their accounts, as it strives to mitigate the possibility of future government action against Chinese firms.

The 95-year-old firm had been importing from India for over two decades before launching as a retail brand a year ago via the formation of a subsidiary. It just began establishing retail storefronts and already has three locations in India.