Tesla India’s newly launched X handle posted a simple but striking “Coming Soon” teaser on July 11, signaling imminent entry into the Indian market . The post aligns with plans to officially open its first “Tesla Experience Centre” in Mumbai’s Bandra Kurla Complex on July 15, 2025, confirming reports of the showroom’s date. Ahead of the launch, Tesla imported approximately $1 million worth of vehicles and merchandise—including several Model Y units—from the U.S. and China . Deliveries are expected to begin by late August. Despite high import duties (~70%), local manufacturing hasn’t been ruled out long-term, though no immediate plans exist.  

  Tesla is officially entering the Indian market with its first experience centre in Mumbai’s Bandra-Kurla Complex, launching on July 15, 2025 . The EV maker has already imported approximately $1 million worth of vehicles and gear, including at least five Model Y SUVs from its Shanghai factory, each declared at ₹2.77 lakh ($31,988) and incurring import duties of over ₹2.1 lakh (70% tariff) . Deliveries to customers are expected to begin by late August. Tesla plans a second showroom in Delhi and has ramped up hiring across India—but currently has no plans to manufacture locally. (PC: HT Photo)

In April, the Trump administration paused reciprocal tariffs for 90 days, aiming for up to 90 trade deals but achieved only three (UK, China, Vietnam), with roughly two dozen warning letters issued. India‑US trade negotiations, initially targeted by the July 9 deadline, have now shifted toward August 1, offering India more time to finalize an interim agreement. However, the August deadline remains uncertain, reflecting the fluid, improvisational nature of Trump’s tariff policy. The scope of potential tariffs has broadened now including copper and pharmaceuticals. While slapdash deal‑making may unsettle global markets and supply chains, the extension is a relief for Indian exporters amid ongoing bilateral trade discussions. (PC: History.com)

U.S. President Donald Trump announced a steep 50% tariff on all Brazilian goods, effective August 1, 2025, justifying it by referencing Brazil’s prosecution of former President Jair Bolsonaro, calling it a “witch hunt,” and alleging censorship of U.S. tech platforms like X and Rumble . He simultaneously launched a Section 301 investigation into Brazil’s digital trade practices, signaling possible further levies . Brazil’s President Lula promptly condemned the move as “tutelage,” threatening retaliation under reciprocity laws . The real fell over 2%, highlighting market fears of a brewing trade war . This escalation marks a politically charged expansion of Trump’s global tariff campaign, which also targets copper, pharmaceuticals and other nations. (PC: AP)

India’s space regulator IN‑SPACe has granted Starlink a five-year authorisation (until July 2030 or end of Gen 1 constellation) to deploy its LEO satellite broadband service over India using 4,408 Starlink Gen 1 satellites . This approval clears the last major regulatory barrier, supplementing the earlier DoT GMPCS, VSAT, and ISP licenses . Next steps involve securing spectrum bands, building ground stations and gateways (including 27–30 GHz uplink and 10.7–12.7 GHz downlink) and passing security tests . With Jio and Airtel already on board for distribution partnerships, Starlink will soon roll out service aiming to expand connectivity to remote rural and urban areas alike. (PC: India Today)

Barbie has released its first doll with Type 1 diabetes to promote inclusivity and awareness. The new doll, part of the Fashionistas line, features a glucose monitor on her arm and an insulin pump on her waist. She also carries a phone with a tracking app and a pastel blue bag for medical items. Made in partnership with Breakthrough T1D, the doll helps kids see their health needs reflected in toys. Mattel plans to donate the dolls to the 2025 Children’s Congress. This follows their 2024 doll for blind children, showing Barbie’s growing focus on health and representation. (PC: @barbie/Instagram)

The First Glimpse Of Nitesh Tiwari's Epic Film Ramayana Sparked Massive Investor Excitement, Pushing Prime Focus Studios’ Market Cap Up By ₹1000 Crore Within Two Days. The Company’s Stock Rose From ₹113.47 To A Peak Of ₹176 On July 3, When The Teaser Launched, Before Settling At ₹169. The Surge Came After Approval For Issuing 462.7 Million Shares. Actor Ranbir Kapoor, Who Plays Lord Ram, Is Set To Invest ₹20 Crore In The Studio By Acquiring 1.25 Million Shares. The Film Also Stars Yash, Sai Pallavi, Sunny Deol, And Ravi Dubey, With Music By AR Rahman And Hans Zimmer. (PC: HT)

A Public Interest Litigation (PIL) was filed on July 2 by IP advocate Ganesh S. Hingemire in the Bombay High Court against Prada Group and Prada India Fashion Pvt Ltd, accusing them of unauthorised commercial use of GI‑tagged Kolhapuri chappals in their Spring/Summer 2026 “toe‑ring sandals” showcased on June 22 in Milan. The plea demands a public apology, injunction, and damages, highlighting misrepresentation, cultural misappropriation, and economic harm to Maharashtra’s artisan community. Though Prada acknowledged the sandals were “inspired by traditional Indian handcrafted footwear,” the petitioners argue the response was inadequate, lacking formal recognition to artisans, GI registry, or public. The court has yet to schedule the hearing. (PC: Pinterest)

  The Securities and Exchange Board of India (SEBI) has issued an interim ban on U.S.-based trading firm Jane Street Group, preventing its entities from trading in Indian securities. The move bans any direct or indirect dealings and instructs banks to freeze accounts unless SEBI authorizes withdrawals . The action follows a months-long probe into Jane Street’s derivatives activity—allegedly used to manipulate key benchmark indices—spanning a three-year period . SEBI also directed the firm to disgorge approximately ₹4,844 crore in illicit gains. The restrictions will remain until the investigation concludes and mandates are enforced. (PC: Getty Images)  

A new bipartisan Senate bill, S.1241, called the Sanctioning Russia Act of 2025, would impose 500% tariffs on countries such as India and China that continue buying Russian oil, gas, petroleum products or uranium, if Russia refuses peace negotiations on Ukraine. Backed by 84 co‑sponsors and endorsed by former President Trump, who reportedly gave the go‑ahead during a golf game, the measure would provide the president with discretionary “secondary tariffs”. Kremlin spokesman Dmitry Peskov dismissed the bill as “Russophobic” and urged backers to consider its potential harm to Ukraine peace efforts. The bill is expected to reach the Senate floor after August recess. (PC: The Indian Express & Business Standard)