Rohan Patel, Tesla's VP of public policy and business development, exits days before Elon Musk postpones India visit, citing "very heavy Tesla obligations." Musk's trip aimed to expand Tesla's market in India with a potential $2-3 billion investment for a manufacturing plant, aligning with PM Modi's Made in India initiative. Patel's departure raises questions about Tesla's India strategy. Amidst reports of shelving affordable EV plans and tumbling shares, Tesla faces challenges in a competitive market. Musk awaits regulatory approvals for Starlink project in India, as uncertainty looms over Tesla's future endeavors.

Tesla CEO Elon Musk postpones his India trip, where he was set to meet Prime Minister Narendra Modi and startup founders, citing "very heavy Tesla obligations." The visit, anticipated to unveil Tesla's entry plans into India, is postponed to later this year. This decision follows Tesla shareholders' reaffirmation of Musk's $56 billion compensation, previously rejected by a Delaware judge. Musk's delay comes amid India's consultations with auto industry players, including Tesla, to operationalize new Electric Vehicle (EV) policy guidelines. The policy aims to attract investment in EV manufacturing, facilitating Tesla's entry into India's burgeoning automotive market.

The much-anticipated Bitcoin software update, known as the "halving," has been completed. This event, occurring once every four years, has cut in half the mining reward for Bitcoin miners. This reward is the amount of Bitcoin released for validating transactions. The modification took effect at 8:10 p.m. New York time on Friday. Despite this significant change, the price of Bitcoin remained relatively stable, hovering around the $64,000 mark. This development could impact companies reliant on ensuring the smooth operation and security of the digital currency.

Tesla CEO Elon Musk is poised to announce a $2-3 billion investment in India, primarily for a new factory. Scheduled to meet Prime Minister Narendra Modi, Musk's visit coincides with Tesla's global challenges. India's growing electric vehicle market and recent policy changes make it an opportune time for Tesla's entry. Musk's itinerary remains undisclosed, but he is expected to reveal investment details during the visit. Tesla's interest in India has long been evident, and recent policy shifts aim to facilitate its entry into the market.

Former RBI Governor Raghuram Rajan highlights that young Indian entrepreneurs, with a 'Virat Kohli mentality', are increasingly moving abroad for business opportunities. Rajan notes they seek easier access to global markets, indicating dissatisfaction with India. He stresses the importance of enhancing human capital and skill sets domestically. Speaking at a conference on India's economic advancement, Rajan underscores the need to capitalize on the demographic dividend effectively. He criticizes current growth rates, urging job creation to fully harness India's potential. Rajan's insights shed light on the challenges and opportunities facing India's youth in the global economy.

Market rumours surfaced on Tuesday, April 16, that Zee5 is going to close its international operations in the coming days. Earlier this month, Punit Misra, the President of Content and International Markets at Zee Entertainment Enterprises Ltd (ZEEL), stepped down from his position on April 5. Zee has witnessed several lay offs and high-ranking departures in recent weeks, including Rahul Johri, who served as the President of Business, and Nitin Mittal, the President and Group Chief Technology Officer. According to market experts, Punit Mishra's failure to resurrect Zee5 in the international market has led the way to his resignation. Zee5 has been steadily losing subscriptions and revenue globally, facing stiff competition from other global players in the last few years.

Byju Raveendran, founder of Think and Learn, parent company of Byju's, steps in as CEO after Arjun Mohan's resignation. The company undergoes a restructuring, consolidating into three divisions: The Learning App, Online Classes and Tuition Centers, and Test-prep. This move follows a seven-month operational review by Mohan. He transitions to an advisory role, leveraging his edTech expertise. Raveendran shifts focus to daily operations, having previously focused on capital raising and global expansion. The changes signal a strategic shift in leadership and business focus for Byju's.

Equity markets took a hit on Monday as the Sensex plunged by 929.74 points to 73,315.16, while the Nifty dropped 216.9 points to 22,302.50. The decline was attributed to global uncertainties fueled by the Middle East conflict and weak international trends. Additionally, concerns over foreign fund outflows and higher-than-expected US inflation figures dampened investor sentiment. Tata Motors, SBI, Tata Steel, and Power Grid led the Sensex losses. On a positive note, Tata Consultancy Services reported a 9% growth in net profit for the January-March quarter of FY24, driven by robust domestic business performance despite overseas challenges.

Speculation mounts as Elon Musk's upcoming India visit sparks rumors of Tesla's entry into the Indian market. Additionally, anticipation grows for potential Starlink announcement, Musk's satellite network. Expected to meet PM Modi, Musk's 48-hour visit likely includes multiple business plan reveals. Starlink aims to compete in India's satellite communication services sector, challenging existing players like Reliance and Bharti Airtel. However, Starlink faces hurdles in securing GMPCS license due to ownership disclosure requirements. Despite licensing issues, Musk's visit may unveil new plans for Starlink's potential debut in India.  

Air India announces its expansion into new international routes, including flights to Ho Chi Minh City in Vietnam, Manila, Seattle, Dallas, and Gatwick. With plans to add these destinations to its existing network of around 40 international cities, the airline aims to enhance connectivity for travelers. Increased flight frequencies to Europe and Australia are also on the agenda. The move comes amidst efforts to bolster its global presence and cater to growing passenger demand. Last year, Air India added seven new international destinations, reflecting its commitment to expanding its reach and services.