Tesla Moves Closer to Indian Market Entry Tesla has signed a lease agreement for its first showroom in Mumbai as it pushes ahead with plans to sell imported electric vehicles in India. The lease, registered on February 16, 2025, marks a renewed effort by the US-based automaker after it previously shelved similar plans. The lease documents, sourced by analytics firm CRE Matrix, indicate that Tesla will initially pay $446,000 in rent for the 4,003-square-foot (372-square-meter) showroom. The rent will increase by 5% annually, with the total lease expenditure exceeding $2.5 million over five years. The showroom will be housed in…
Author: Aditya Lenka
Aditya Lenka
A multi-faceted professional with a diverse range of skills and experiences. He currently works as a Producer, Digital Marketer, and Journalist for several well-known media outlets, namely StratNewsGlobal, BharatShakti, and Interstellar. With a passion for storytelling and a keen eye for detail, Aditya has covered a wide range of topics and events across India, bringing a unique perspective to his work.When he's not busy producing content, Aditya enjoys exploring new places and cuisines, having traveled extensively throughout India. He's also an avid writer and poet, often penning his thoughts and musings in his free time. And when he wants to unwind and relax, Aditya spends time with his two loyal companions, Zorro and Pablo, his beloved dogs.Aditya's dynamic personality and varied interests make him a unique individual, always eager to learn and experience new things.
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L&T Expanding Into the Space Sector Larsen & Toubro (L&T), one of India’s largest industrial conglomerates, is making a major push into the aerospace sector. The company is focusing on launch vehicle and satellite manufacturing as India reduces its reliance on imports and increases private-sector involvement in space exploration. L&T, India’s largest private-sector defence manufacturer by revenue, saw its Precision Engineering and Systems unit generate ₹46.10 billion ($548.3 million) in fiscal year 2024, marking a 41% growth from the previous year. The company now aims to expand its role in space technology, leveraging its expertise in high-tech manufacturing and precision…
Defence Spending Boosts Performance Despite Space Losses French defence and technology group Thales exceeded earnings expectations for 2024, driven by increased arms spending and recovering air traffic. Despite setbacks in its space business, the company forecast higher sales and profitability for 2025. Operating income rose 5.7% on a like-for-like basis to €2.419 billion, while revenues grew by 8.3% to €20.577 billion. New orders also climbed by an underlying 6% to €25.289 billion, surpassing analysts’ estimates. Experts had predicted an operating profit of €2.351 billion, revenues of €20.138 billion, and order intake of €23.76 billion, according to a company-compiled consensus. Rising…
Historic Touchdown for Firefly Aerospace Firefly Aerospace successfully landed its uncrewed Blue Ghost spacecraft on the Moon on Sunday, marking a significant achievement in private space exploration. The four-legged lander, roughly the size of a compact car, touched down at 3:35 a.m. ET (0835 GMT) near an ancient volcanic vent in Mare Crisium, a large basin on the Moon’s Earth-facing side. As Blue Ghost made its final descent, suspense filled the mission control room at Firefly’s headquarters in Austin, Texas. Moments later, Will Coogan, the spacecraft’s chief engineer, confirmed that it had entered lunar gravity. Cheers erupted as he announced,…
Astronomers Lower Impact Risk for Asteroid 2024 YR4 New observations of a small asteroid, first discovered in December, have significantly reduced the likelihood of it striking Earth. Initially, astronomers estimated a 3% chance of asteroid 2024 YR4 impact in 2032, the highest ever recorded for an object of its size. However, updated data from the European Southern Observatory (ESO) and other research facilities show the risk has dropped to nearly zero. New Data Sharply Lowers Risk The asteroid, named 2024 YR4, measures between 130 and 300 feet (40–90 meters) across. It follows an orbit that will bring it close to…
Meta to Test Paid Subscription for AI Chatbot Amid Growing Competition Meta Platforms (META.O) is preparing to test a paid subscription service for its AI-enabled chatbot, Meta AI, in a move similar to OpenAI and Microsoft’s premium chatbot offerings. A source familiar with the matter told Reuters on Thursday that the test will begin in the second quarter of this year, though significant revenue is not expected until 2025. Meta AI Subscription and Expansion Plans Meta AI, launched in September 2023, is a virtual assistant powered by large language models designed to perform reasoning tasks. While Meta has not officially…
Amazon to Pay $39 Million in Trademark Case An Indian court has ordered Amazon to pay $39 million in damages for infringing the “Beverly Hills Polo Club” (BHPC) trademark. The ruling, delivered by the Delhi High Court on Wednesday, marks one of the highest damages awarded against a U.S. company in an Indian trademark case. The lawsuit was filed in 2020 by Lifestyle Equities, the owner of the BHPC horse trademark, which alleged that Amazon’s India website listed apparel featuring a nearly identical logo at lower prices. The infringing brand was owned by Amazon Technologies and sold on the platform,…
Hong Kong Plans Spending Cuts and AI Push Amid Rising Deficit Hong Kong is set to slash 10,000 civil service jobs in a bid to control its growing deficit while making a significant investment in artificial intelligence (AI). The move comes as the city grapples with global economic uncertainty, geopolitical tensions, and a struggling property market. Government Cuts and Fiscal Strategy Financial Secretary Paul Chan announced that 10,000 civil servant positions will be eliminated by April 2027, reducing the civil service workforce by 2% each year for the next two years. Additionally, public sector salaries will remain frozen in 2024.…
Evidence of Ancient Ocean Shorelines Discovered Beneath Mars’ Surface Ground-penetrating radar data from China’s Zhurong rover has revealed buried formations resembling sandy beaches, suggesting the presence of an ancient ocean on Mars. This discovery adds to growing evidence that a large body of water, called Deuteronilus, may have existed on the planet’s northern plains billions of years ago. Signs of an Ancient Martian Ocean The findings suggest that around 3.5 to 4 billion years ago, Mars had a thicker atmosphere and a warmer climate, potentially allowing an ocean to form. Scientists believe such a body of water could have provided…
Space Race Intensifies as Rivals Challenge Elon Musk’s Starlink Elon Musk’s dominance in satellite internet is under growing pressure as new challengers emerge. Starlink, his high-speed satellite network, faces increasing competition from China’s state-backed SpaceSail and Amazon founder Jeff Bezos’ Project Kuiper. These rivals are expanding their global reach, threatening Starlink’s position as the leader in low-Earth orbit (LEO) communications. China’s SpaceSail Expands Global Presence Shanghai-based SpaceSail is rapidly expanding, securing agreements in Brazil and Kazakhstan. In November, it announced plans to enter over 30 countries, signalling a major international push. Meanwhile, Brazil is in talks with Bezos’ Project Kuiper…