Author: Ansh Singh

New Delhi: Ford is giving its Chennai factory a new purpose, making engines for global markets. Though car production is still off the table, the Maraimalai Nagar plant will now focus solely on engine exports. Sources say an official announcement is expected in Q2 2025, in line with Ford’s worldwide restructuring plans. This plant has been idle since mid-2022, following Ford’s decision to stop selling cars in India. Some had thought the company might leave India altogether due to U.S. policies favoring domestic manufacturing, but recent talks with the Tamil Nadu government suggest otherwise. Meanwhile, Ford’s other facility in Sanand,…

New Delhi: Tamil Nadu budget for 2025-26 was tabled by Finance Minister Thangam Thennarasu, emphasizing greatly on empowering women. The budget brings in significant initiatives to increase women’s entrepreneurship and facilitate property holding for them. Support for Women Entrepreneurs Realizing the crucial contribution of women to the economy of the state, the government is launching a big scheme to make one lakh women entrepreneurs in the next five years. Women will receive proper training and counseling to enable them to start and develop their businesses, the scheme will facilitate them in getting bank loans up to ₹10 lakh, a 20% subsidy…

New Delhi: Elon Musk, CEO of SpaceX, has a riveting proposal for sending the Starship rocket to Mars by late 2026. Tesla’s humanoid robot Optimus will tag along with the mission too, and this marks a significant stride in Mars surface exploration. Even Musk has mentioned that human beings could be present on Mars by as early as 2029, though he feels 2031 is achievable. SpaceX recently celebrated its 23rd anniversary, founded on March 14, 2002, despite all the triumphs and achievements of the company, it has been hit with some major setbacks for its Starship test flights, all eight…

New Delhi: Former President Donald Trump made a stunning announcement on Truth Social, coming at an especially difficult time considering Tesla’s recent troubles, that he is going to purchase a Tesla. He stated that he wishes to express support for Tesla’s CEO, Elon Musk. This is at a difficult time for Tesla, initially its stock has fallen 15%, and large protests are occurring against the company. By issuing this statement, Trump is urging his followers to support Musk, claiming he even referred to the protests against Tesla as “illegal”, although, in fact, political boycotts are shielded by the First Amendment…

New Delhi: Google and OpenAI recently shared their thoughts with the White House on how AI should be developed and regulated in the U.S. Their suggestions come in response to an executive order aimed at shaping a clear AI policy framework. What they’re asking for? One of the biggest issues both companies want to tackle is copyright law. Right now, AI tools need vast amounts of data to train, and copyright rules can make that tricky, Google and OpenAI believe there should be exceptions allowing AI models to use copyrighted material, especially publicly available content, so that research and innovation…

New Delhi: Madhura DasGupta Sinha, a seasoned banker with 25 years of experience, has been a strong advocate for helping women join and stay in the workforce, her journey started with two eye-opening moments. First, a highly educated friend had to give up her career after childbirth, unable to support her sick father financially. Then, a friend of her daughter quit her job due to pressure from her future husband’s family. On International Women’s Day in 2020, she launched Aspire For Her, a platform focused on motivating women to enter and remain in the workforce. It started with college students…

New Delhi: In a big transaction, Singapore investment company Temasek has acquired a 9-10% stake in Haldiram’s, India’s leading snack brand. The deal is worth approximately $10 billion (around ₹8,500 crore). Temasek acquired the stake after months of negotiations on March 11, 2024, beating other prospective investors. Why global investors are eyeing India’s FMCG sector? India’s consumer packaged goods industry is in much demand internationally, and Temasek’s foray into Haldiram’s is a sign of this. Foreign investors have noticed that India’s growing economy, as well as increased consumership of packaged snacks and foodstuffs, have tremendous opportunity awaiting them here. Temasek’s…

New Delhi: A recent survey conducted by Haqdarshak and DBS Bank India has provided us with a better insight into the financial behaviors and issues of rural women entrepreneurs. As part of the ‘Women and Finance’ series, the research throws light on how these women, the pillars of numerous local economies, deal with their money. Saving Behaviors: The good news? Most rural women entrepreneurs are saving money regularly! Around 90% put aside a portion of their income each month. Savings habits vary by region, 100% of women in Madhya Pradesh save, compared to 95% in Maharashtra and 73% in Rajasthan.…

New Delhi: SpaceX recently ran into a stumbling block on its quest to bring home two astronauts stranded on the International Space Station (ISS). The launch had to be rescheduled following an issue with the launch pad hydraulic system. This is a critical system because it assists in releasing the rocket from its support structure at the moment of liftoff. The problem arose less than four hours ahead of the launch of the Falcon rocket from NASA’s Kennedy Space Center in Florida. Why are Astronauts still stuck in space? Astronauts Butch Wilmore and Suni Williams were originally only going to…

New Delhi: Intel, one of the biggest names in the chipmaking industry, has brought in Lip-Bu Tan as its new CEO, this move is part of Intel’s efforts to reclaim its spot at the top after facing tough times in recent years. Intel’s Challenges Once a leader in the semiconductor industry, Intel has struggled to keep up with big shifts in technology, the company missed the rise of mobile computing, which took off after Apple launched the iPhone in 2007. More recently, Intel has fallen behind in artificial intelligence, an area where Nvidia has surged ahead. Today, Nvidia’s market value…