Business
Elon Musk’s Tesla Readies For India: Company Officials Set To Visit India In April, EV Maker Could Invest Upto $5 Billion In Primary Phase

Mumbai: Tesla, Elon Musk’s EV maker is looking to expand its horizons in India. After a stop in progress in early 2024, when Musk laid focus on China, as he looked away from India.
A year down the line, and a lot appears to have changed. After PM Modi’s US visit, wherein he also met the SpaceX and X boss, Musk’s company doled out a set of job posts on LinkedIn, signalling its arrival in India.
As many as 13 new positions for different roles in Tesla’s Mumbai office were put up on February 18. Tesla is said to have increased its number of supply chain employees in India.
Billions In Investment
It is now being learned that company officials from the largest EV maker may visit India in April.
In addition, it is also being reported that the company may invest USD 3-5 billion in the initial phase of the plan.
The company has long struggled to deal with duties levied on its cars, making them more expensive than they already are. This is the case, as Tesla cars are not manufactured, or even assembled, in India yet.
Sale Of Cars To Start In April
All the cars in India, as imported from its manufacturing destinations elsewhere. Furthermore, Tesla is not expected to start assembling its cars in India anytime soon, as it would focus on selling imported EVs, manufactured in Germany.
Tesla is set to import EVs from its Berlin plant, with the first EV launching at around Rs 21 lakh. This sale is expected to start in April.
When it comes to manufacturing, the car company is said to be exploring avenues in Maharashtra and Gujarat.
In addition, the company is also reportedly looking to open its swanky new showrooms in Mumbai’s Bandra-Kurla Complex and Delhi’s Aerocity.
This also comes at time, when the Indian government is planning to slash tariffs on American goods, fearing reciprocal tariffs on Indian goods, as recently announced by the Trump Administration.
National
Maha govt transfers seven bureaucrats in a minor reshuffle

Mumbai, April 2: In a minor reshuffle, the Maharashtra government on Wednesday transferred seven bureaucrats.
Nishi Pandey, an IAS officer of the 2001 batch, has been posted as Managing Director of Maharashtra Small Scale Industries Development Corporation.
Laxminarayan Mishra, an IAS officer of the 2012 batch, has been posted as Joint Managing Director of Maharashtra State Road Development Corporation.
Bharat Bastewad, an IAS officer of the 2013 batch and CEO of Raigad Zilla Parishad, has been appointed Commissioner of the Mahatma Gandhi National Rural Employment Guarantee Scheme at Nagpur.
Indurani Jakhar, an IAS officer of the 2016 batch, who is the Municipal Commissioner of Kalyan-Dombivali Municipal Corporation, has been posted as Collector, Palghar district.
Vasumana Pant, an IAS officer of the 2017 batch, who is Director General, VANAMATI, Nagpur, has been posted as Additional Municipal Commissioner, Nagpur Municipal Corporation.
Vaishnavi B, an IAS officer of the 2019 batch, who is Chief Executive Officer, Akola Zilla Parishad, has been posted as Additional Municipal Commissioner, Nagpur Municipal Corporation.
Neha Bhosle, an IAS officer of the 2020 batch, has been posted as Chief Executive Officer, Raigad Zilla Parishad.
Earlier, on March 25, the state government transferred five IAS officers.
The state government posted B. H. Palawe, an IAS officer of the 2013 batch, who is Chief Executive Officer, Zilla Parishad, Palghar, as the Managing Director, Maharashtra State Financial Corporation, Mumbai.
Manoj Ranade, an IAS officer of the 2014 batch and the Director of Municipal Administration, Mumbai, was appointed Chief Executive Officer, Zilla Parishad, Palghar.
Shubham Gupta, an IAS officer of the 2019 batch and the Municipal Commissioner of Sangli-Miraj-Kupwad City Municipal Corporation, was posted as Member Secretary, Vidarbha Statutory Development Board, Nagpur.
Anjali Ramesh, an IAS officer of the 2020 batch, after transfer of cadre from Madhya Pradesh, was appointed Chief Executive Officer, Zilla Parishad, Hindoli.
Zenith Chandra Deonthula, an IAS officer of the 2022 batch, who is Assistant Collector, Varora Sub-Division, Chandrapur, was posted as Project Officer, ITDP, Kinwat, and Assistant Collector, Kinwat Sub-Division, Nanded.
National
After LS nod, Amit Shah to move Immigration and Foreigners Bill in RS today

New Delhi, April 2: The Rajya Sabha on Wednesday will discuss the Immigration and Foreigners Bill, 2025 which has already been passed by the Lok Sabha.
As per the business list of Upper House, Union Minister Amit Shah will move that the Bill “to confer upon the Central Government certain powers to provide for requirement of passports or other travel documents in respect of persons entering into and exiting from India and for regulating matters related to foreigners including requirement of visa and registration and for matters connected there with or incidental thereto, as passed by Lok Sabha, be taken into consideration.”
He will also seek the passing of the bill after a discussion is held by the members of the House.
A key aspect of the Bill is the implementation of enhanced surveillance and security protocols. The Union Home Minister while speaking about the importance of the bill in the Lok Sabha had said, “It will strengthen the country’s security and economy, pave the way to make our education system and universities global, lay a strong foundation for research and investigation in the country and make India number one in the world in every field by 2047.”
He said that immigration was not an isolated issue but many issues of the country were directly or indirectly linked with it. He said that it was very important for the security of the country to know who is entering our borders, when they are entering, for how long they will stay and the purpose for which they are here.
Also to be tabled in the Rajya Sabha is the Boilers Bill, 2024, returned by Lok Sabha with Amendments. Union Minister Piyush Goyal will move that the amendments made by Lok Sabha be taken into consideration.
Union Minister Manohar Lal Khattar will make a statement regarding the “Status of implementation of the recommendations contained in the Tenth Report (Seventeenth Lok Sabha) of the Department-related Parliamentary Standing Committee on Housing and Urban Affairs on ‘PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)’ of the Ministry of Housing and Urban Affairs.”
Upper House members Sushmita Dev, Rekha Sharma and Bikash Ranjan Bhattacharya will present the “366th Report (in English and Hindi) of the Department-related Parliamentary Standing Committee on Education, Women, Children, Youth and Sports on ‘Demands for Grants (2025-26)’ pertaining to the Ministry of Youth Affairs and Sports.”
Business
Sensex plunges nearly 2 pc amid US reciprocal tariff concerns

Mumbai, April 1: Indian stock markets on Tuesday witnessed a sharp decline on the first trading day of the new financial year. The fall came as investors reacted to global market concerns, especially the upcoming US reciprocal tariffs on April 2.
The Sensex, which represents 30 major companies, dropped by 1,390.41 points or 1.80 per cent to close at 76,024.51. During the trading session, it fluctuated between an intra-day high of 77,487.05 and a low of 75,912.18.
The Nifty index also tumbled 353.65 points or 1.50 per cent, ending at 23,165.70. It touched a high of 23,565.15 and a low of 23,136.40 during the intra-day.
Almost all stocks in the Sensex index ended lower, except Zomato, IndusInd Bank, and State Bank of India (SBI).
The biggest losers included HCL Technologies, Bajaj Finserv, HDFC Bank, Bajaj Finance, and Infosys, which saw their share prices decline by up to 3.66 per cent.
Midcap and smallcap stocks also faced pressure. The Nifty Midcap100 index closed 0.86 per cent lower, while the Nifty Smallcap100 index slipped 0.70 per cent.
The BSE Midcap index was down 0.9 per cent, whereas the Smallcap index managed to rise slightly by 0.2 per cent.
Sector-wise, most indices ended in the red, with IT, real estate, and consumer durables stocks falling by around 2 per cent each. Only media, oil & gas, and telecom stocks managed to stay positive.
Market volatility also surged as the India VIX, commonly known as the fear index, jumped 8.37 per cent to 13.78 points. This suggests that investors are increasingly cautious about the market’s direction.
Analysts suggest that market fluctuations may continue until there is more clarity on global trade relations and economic policies as investors remain concern about Trump’s tariff policies and their impact on international trade.
“Amid heightened global volatility ahead of the anticipated US reciprocal tariff announcement tomorrow (US time), the domestic market witnessed a significant sell-off today. Investors are eagerly awaiting the specifics of these tariffs while also keeping a close eye on ongoing negotiations for a potential Indo-US trade agreement,” said Vinod Nair, Head of Research, Geojit Investments Limited.
The IT sector was among the hardest hit due to its substantial exposure to the US market, and real estate stocks fell following Maharashtra’s upward revision of ready reckoner rates, which affect property valuations.
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