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Elon Musk's Tesla to set up electric car manufacturing unit in Karnataka

The electric carmaker in January incorporated Tesla Motors India and Energy Private Limited with its registered office in Bengaluru

Karnataka CM says Tesla to set up electric car manufacturing unit: Report

Last month the company incorporated Tesla Motors India and Energy Private Limited with its registered office in Bengaluru

ByteDance explores sale of Indian TikTok ops to rival firm Glance: Report

The discussions, initiated by Japan's SoftBank Group Corp, are private, early and complex, the report said

VW 'unintended victim' in battery supplier dispute, seeks 4-year reprieve

Volkswagen AG called itself an unintended victim in a battle between two battery suppliers and urged the US govt to extend a reprieve to buy batteries key to its planned USelectric vehicle production

Google's $76 mn deal with French publishers leaves many outlets infuriated

The move infuriated many other French outlets, which deemed it unfair and opaque

Canadian regulator clears world's first bitcoin exchange traded fund launch

The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement

Brazil says Amazon coronavirus variant three times more contagious

Health Minister Eduardo Pazuello sought to reassure lawmakers that the surge of recent months was unexpected but coming under control

Norway's economy weakest in 75 years in 2020 amid Covid-19, but Q4 shines

Norway's fourth-quarter mainland GDP, a measure which excludes oil and gas production, expanded by 1.9 per cent

Gold loses sheen on dollar rebound; platinum rally takes breather

Spot gold lost 0.5 per cent to $1,816.40 an ounce by 5:51 pm (IST) and US gold futures were down 0.6 per cent at $1,816.30

US consumer sentiment ebbs in February despite additional stimulus hopes

U.S. consumer sentiment unexpectedly fell in early February amid growing pessimism about the economy among households with annual incomes below $75,000

Tokyo Olympics chief quits, apologises again over sexist remarks

The resignation of the 83-year-old former prime minister further erodes confidence in organisers' ability to pull off the postponed Summer Games during a coronavirus pandemic

SoftBank Group-backed Coupang reveals revenue surge ahead of US IPO

In its filing, Coupang said 2020 total revenue jumped 91% to $11.97 billion from a year earlier, and net loss narrowed to $474.9 million from $698.8 million in the same period

Three wounded in Myanmar as hundreds of thousands of protesters defy junta

The United Nations human rights office said more than 350 people, including officials, activists and monks, have been arrested in Myanmar since the Feb. 1 military coup

Michael Klein-backed SPACs raise $1.68 billion in initial public offerings

Churchill Capital Corp VI raised $480 million after upsizing their offer from $400 million, while Churchill Capital Corp VII garnered $1.2 billion, raising from $1 billion

World shares dip and Bitcoin hits yet another record high

Bitcoin reached $49,000 before erasing gains

Tesla must recall 12,300 Model X over faulty moulding: German regulator

Tesla must recall around 12,300 Model X cars worldwide due to car body mouldings problems, Germany's motor vehicle authority (KBA) said

L'Oreal sales rebound as beauty business shifts online in pandemic

Earnings at luxury retailers and beauty companies were dented by the closure of airport duty-free shops and high street stores

Aus legislation to make Google, Fb pay for news in parliament next week

Australia is on course to become the first country to require Facebook and Google to pay for news content, legislation that is being closely watched around the world

US weekly jobless claims fall marginally as labour market recovery stalls

Claims remain above their 665,000 peak during the 2007-2009 Great Recession, though they are below the record 6.867 million reported last March when the pandemic hit the United States

Jeff Bezos to step down, hand over Amazon reins to cloud chief Andy Jassy

The announcement ends a long-running question about who would succeed the world's second-richest person at the company's helm