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News on Medial
India prepares for Musk's arrival: Space and EV industry expected to boost
Livemint
·
1y ago
Medial
Tesla CEO Elon Musk's visit to India has garnered praise from Lt. Gen. AK Bhatt (Retd.), Director General of the Indian Space Association. Lt. Gen. Bhatt commended Musk for his contributions to disruptive technologies, particularly in the space exploration field. While Musk's visit primarily focuses on Tesla and electric vehicles, Lt. Gen. Bhatt emphasized the potential for domestic manufacturing, job creation, and the introduction of advanced automotive technology in India. Stakeholders anticipate the bolstering of India's EV ecosystem and the advancement of sustainable mobility solutions with Tesla's potential entry into the Indian market. A government official suggests that Musk may announce Tesla's entry into India after meeting with Prime Minister Narendra Modi on April 22.
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EV firms unanimous that subsidy will not be needed after existing regime ends: Goyal
YourStory
·
7m ago
Medial
Electric vehicle (EV) companies no longer need subsidies after the current regime ends, according to Commerce and Industry Minister Piyush Goyal. Following a meeting with stakeholders, it was revealed that the EV industry, expected to grow significantly by 2030, seeks a level-playing field. The government has introduced policies to boost EV infrastructure, including charging stations, but companies are encouraged to make independent business decisions and self-regulate under proposed guidelines.
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IN-SPACe signs two MoUs with Karnataka for manufacturing park, CoE
Economic Times
·
3m ago
Medial
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) and Karnataka’s IT-BT department have signed two MoUs to boost commercial space infrastructure in Karnataka. One aims to establish a Centre of Excellence for Space Technologies in Bengaluru, while the other focuses on developing a public-private space manufacturing park. This collaboration is expected to enhance Karnataka's position as a space industry hub and support India's growth in the global space sector.
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Karnataka set to get Rs 15,000 crore investment in EV sector, says minister MB Patil
Economic Times
·
1y ago
Medial
Karnataka is poised to attract an investment of ₹15,000 crores in the electric vehicle (EV) sector, according to Minister MB Patil. This announcement comes as part of the state government's efforts to promote and support the growth of the EV industry. Significant investments in the sector are expected to boost job creation and contribute to the state's overall economic development.
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India spurs space sector investment with raised limits on foreign funding | TechCrunch
TechCrunch
·
1y ago
Medial
The Indian government has updated its foreign direct investment (FDI) policy in the space sector, allowing for increased overseas investment. The move aims to attract global investors and companies to participate in India's space industry. The new policy includes specific categories and thresholds for foreign ownership, with potential for up to 100% investment in certain areas. This development follows recent reforms and initiatives by India to open up its space sector to private players and increase international collaboration. The country's space economy is projected to reach $44 billion by 2033, and the updated FDI norms are expected to boost India's presence in the global space economy.
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Why Jack Dorsey's failure led to Elon Musk's arrival at Twitter
Business Insider
·
1y ago
Medial
Elon Musk's acquisition of Twitter caused chaos and revealed how Jack Dorsey ran the platform. The book "Battle for the Bird" by Kurt Wagner explores the connection between Dorsey's tenure and Musk's arrival. Elliott Management's attempt to replace Dorsey in 2020 soured his attitude towards running Twitter, making him more receptive to Musk's involvement later on. Dorsey was described as hands-off, with many decisions being made by others. The book also discusses the lack of a solid plan from Musk when he bought Twitter, disappointing those who expected his innovative prowess to improve the platform.
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ISRO transfers 10 key space technologies to Indian firms - The Economic Times
Economic Times
·
1m ago
Medial
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has facilitated the transfer of ten key space technologies from ISRO to six Indian companies, aiming to boost industry participation and reduce reliance on imports. These technologies include precision navigation tools, ground station solutions, geospatial models, and a flameproof coating. This move is expected to enhance India's space industrial ecosystem and support innovation in critical areas such as satellite navigation, launch systems, and geospatial intelligence.
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Elon Musk's Starlink likely to get approval in India by next week: Reports
Livemint
·
1y ago
Medial
Elon Musk's Starlink may receive approval to launch its space-based broadband services in India in the next few days, according to reports. The Department for Promotion of Industry & Internal Trade (DPIIT) has reportedly received a clarification from Starlink regarding its shareholding pattern. The Department of Telecommunications (DoT) is expected to issue a Letter of Intent (LoI) to Starlink soon. Once approved by telecom secretary Neeraj Mittal and communications secretary Ashwini Vaishnaw, the Satellite Communications Wing (SCW) will also grant approval. Starlink had applied for a GMPCS license in India in November 2022.
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Quick commerce unicorn Zepto set to see another $100-mn-plus transaction
VCCircle
·
8m ago
Medial
Quick commerce startup Zepto is on track to secure another transaction worth over $100 million. The company recently closed a funding round of $350 million, bringing its total funding to over $1 billion. The transaction is expected to further boost Zepto's growth as it prepares for a potential public listing in 2022.
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Next Indian astronaut will travel in indigenously built spacecraft: Jitendra Singh
Economic Times
·
22d ago
Medial
Union Minister Jitendra Singh announced that the next Indian astronaut will travel in an indigenously built spacecraft, reflecting India’s advancements in space technology. Shubhanshu Shukla's participation in the Axiom-4 mission provided valuable experience for India's Gaganyaan project. India is also developing its own space station, expected to be operational by 2035, named Bharat Space Station. The government’s decision to open the space sector to private players is poised to boost India’s space economy significantly.
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Former ISRO chairman advocates for space parks across India
Economic Times
·
5m ago
Medial
Former ISRO Chairman S Somanath emphasized the need for 'Space Parks' across India to boost technology in space-sector startups. At the Global Investors' Meet Invest Karnataka 2025, he highlighted government's clear policy for private sector participation. Somanath sees opportunities in satellite operations and infrastructure. Emphasizing venture capital and financial support, he encouraged leveraging accessible data for innovation. The event underscored collaborative government and private efforts enhancing India’s role in the global commercial space industry.
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