Author: TI Editor
Elon Musk led electric vehicle company Tesla has finalised a deal to open its first showroom in India at Mumbai’s posh Bandra Kurla Complex, according to a Times of India report. The Tesla showroom is said to occupy a space of 4,000 sq ft on ground floor of a commercial tower in BKC. Elon Musk’s company is said to pay among the highest rent lease for a commercial space, coming in at ₹900/sq ft or around ₹35 lakh per month.Tesla’s showrooms in India:Tesla is said to have finalized a lease agreement in BKC for five years and the company is…
Divya Gokulnath, co-founder of struggling edtech platform Byju’s and the wife of Byju Raveendran, has claimed that her husband’s LinkedIn account had been taken down. Gokulnath said that Byju’s post, which urged a thorough investigation into alleged collusion and fraud by its lender Glas Trust, consultancy firm EY and former resolution professional Pankaj Srivastava, has been taken down.“Byju’s post and account taken down. Investigating why. But no problem. Here we go again,” she said, posting screenshots of the edtech platform CEO’s LinkedIn post.At the time of writing this article, Byju Raveendran’s LinkedIn account as well as the post were restored.…
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Mobile World Congress (MWC) 2025 kicks off next week, and even before the mega-event begins, we have some potential product announcements to look forward to. The first is from Tecno, which is set to unveil the ‘world’s slimmest’ smartphone in Barcelona, with a battery that’s bigger than the Galaxy S25 Ultra’s.There has been a lot of talk in recent months about Apple ditching its Plus range in favour of a slim phone called the iPhone 17 Air. Samsung beat its American rival to the punch by teasing its own slim phone, the Galaxy S25 Edge, at its Galaxy Unpacked event…
Stargazers and space enthusiasts were treated to a rare event on Friday, February 28, for the second time this year. A “rare planetary parade”, with seven planets aligning in a single line, was viewed in an ethereal celestial display.People around the world were able to see as many as seven planets in the Earth’s solar system simultaneously, including Mars, Jupiter, Uranus, Venus, Neptune, Mercury and Saturn.However, a telescope was needed to see them all at once.The seven planets were visible in the evening sky soon after sunset, and the best time to view them all was 45 minutes after the…
Bank holiday today: All private, government, cooperative and other banks remain closed on Sundays and every fourth and second Saturday of the month. As we welcome March on Saturday, know whether banks will remain open or closed today. Are banks closed or open today?Banks will remain open today, March 1, as it is the first Saturday of the month. As per the Reserve Bank of India’s guidelines, banks will remain closed on every second and fourth Saturday of the month. People often prepare to finish their pending financial tasks during weekend. As banks will remain open this Saturday, they can visit their…
“Since you have redeemed X excess reward points beyond what is rightfully accrued by your transactions, we request you to pay INR 23,25,639 to the Bank as per MITC clause…” The notice was part of the bank’s recent effort to recover rewards points accumulated by some credit card holders through a technical loophole in 2023. The recipient had closed his Axis Magnus credit card in December 2023, and is no longer a customer—yet the bank is still pursuing repayment The loophole that sparked a crackdownOrdinarily, when a credit card transaction is refunded, the reward points earned on that transaction are…
The buzz around events such as Coldplay’s India tour, Ed Sheeran’s concert and Diljit Dosanjh’s ‘Dil-Luminati’ collection this year has spurred new business opportunities, shaping consumer trends and driving sales. From limited-edition band tees to streetwear collaborations, brands are leveraging music events to tap into fan-driven spending, cashing in on the cultural moment. Also read: Poor concert infrastructure bugs artistes, audiences amid growing popularity Ed Sheeran announced his 2025 India tour In December, and Mumbai-based casual wear brand The Souled Store saw a 52.5% increase in its Ed Sheeran sales in December 2024 as compared to November last year, according…
Mumbai: The Reserve Bank of India today saw strong demand its foreign currency buy/sell swap auction amid persistently tight liquidity deficit in the banking system.The central bank auctioned three-year dollar/rupee buy/sell swaps worth $10 billion. The central bank received 244 bids worth $16.23 billion and accepted 161 bids worth $10.06 billion at the auction. This was the biggest quantum for a dollar/rupee swap auction by the RBI on record.“There is robust demand for long tenor swap auction. This will enable durable liquidity in the system. RBI will try to keep deficit in the system around ₹1-1.5 trillion and will use…
The Supreme Court has asked the Union government to consider appointing an independent expert agency to evaluate the potential environmental impact of the ₹76,000 crore Vadhavan Port project in Maharashtra’s Palghar district.A bench comprising Justices A.S. Oka and Ujjal Bhuyan issued the interim order on Friday while hearing a plea by the National Fishworkers Forum, which opposes the project on environmental and livelihood grounds.Though the court did not halt the project, it noted the government’s assurance that no significant construction work is planned at this stage.”Prima facie, this will destroy the environment … Don’t start the work, appoint an agency,”…