Business

Tesla’s India head, Prashanth Menon, resigns as the company nears launching cars in India. China teams to oversee operations. Source

India Business News: Market sentiment surged following positive news, including US President Trump’s hint at a potential zero-tariff deal with India and encouraging domest Source

India may soon restrict e-commerce exports to Pakistan and is preparing for a potential shutdown of the air cargo corridor, amid heightened tensions. Over $10 billion worth of Indian goods reach Pakistan annually via third countries like the UAE, Sri Lanka, and Singapore. Source

Markets Today: Indian stock markets opened with small gains on Thursday, amid mixed global cues. Source

India Business News: Following a tariff truce between the US and China, Apple is reassessing its ambitious Indian expansion plans, particularly those dedicated to supplyin Source

HSBC Holdings Plc announced a fresh buyback for shareholders despite an increasingly fragile geopolitical backdrop that has weighed on the global economy and markets. The London-headquartered lender said Tuesday that it will buyback $3 billion and reported a pretax profit of $9.48 billion for the first quarter, surpassing a company-compiled estimate of $7.83 billion. Source

Google fired 200 employees in global sales to boost efficiency amid AI changes. Alphabet shares fell 9% due to Apple’s AI search impact. Source

India Business News: Defence stocks experienced a significant surge in the past week, fueled by Prime Minister Modi’s call for increased domestic defence production. This Source

The fire occurred at around 10 pm in the company’s penicillin-G manufacturing facility in Kakinada SEZ, Andhra Pradesh. No injuries were reported. Shares of Aurobindo Pharma Ltd ended at ₹1,246.75, up by ₹28.90, or 2.37%, on the BSE. Source