Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Tesla Inc will set up an electric-car factory in Karnataka, a southern state in India, according to a government document outlining the highlights of the country's budget.
State Chief Minister B.S. Yediyurappa subsequently tweeted that Tesla would start its Indian operations with an R&D unit in Bengaluru, Karnataka. The tweet was deleted.
In December, Tesla CEO Elon Musk confirmed via Twitter that Tesla will be launched in India in 2021.
The following month, Tesla Motors India and Energy Private Limited was incorporated. Its registered office was in Bengaluru in Karnataka, a hub for global technology companies.
India has been pursuing avenues to minimize pollution and reduce oil dependence but efforts to promote electric vehicles hit a snag with a lack of manufacturing investments and infrastructure such as charging stations.
To encourage investments, India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities.
