Elon Musk-run electric car-maker Tesla is all set to enter the country with the opening of its first showroom in the financial capital on Tuesday, launching Model Y and Model S vehicles in the presence of Maharashtra Chief Minister Devendra Fadnavis.

Although not manufacturing in the country at the moment, the electric automaker is opening its first showroom in Mumbai. Called an "experience centre", the Tesla showroom in the financial capital is situated in a 4,000 square feet retail space, which is closer to US tech giant Apple's flagship store in the Bandra Kurla Complex (BKC).

According to experts, the move comes as part of Tesla's broader expansion strategy in India. In June, the company leased a commercial space in Mumbai's Kurla West, which is expected to serve as a vehicle service facility.

The Department for Promotion of Industry and Internal Trade (DPIIT) has opened applications for the fifth edition of the National Startup Awards (NSA), a flagship initiative under the Startup India programme.

In line with the government’s vision of Aatmanirbhar Bharat and the goal of a five-trillion-dollar economy, Startup India supports startups through initiatives such as startup recognition, tax exemptions, regulatory ease, funding access, and capacity building, according to a Commerce Ministry statement.

“Startups applying to NSA are evaluated through a rigorous multi-stage process involving eligibility screening, sectoral shortlisting, and assessment by expert panels comprising industry leaders, investors, academicians, and government officials. DPIIT leads the execution, with active involvement from concerned ministries and departments to ensure that winners reflect national priorities and sectoral diversity,” said the ministry.

The food delivery market in India is likely to see 13-14 per cent growth in the coming years and a stable-state EBITDA margin of 5 per cent, according to a new report, which added that competitive intensity is moderating in quick commerce which should continue to drive stocks in the near term.

Competitive intensity in the quick commerce market seems a lot more benign than it was six months ago.

Avenue Supermarts Ltd, the operator of the DMart retail chain, saw its consolidated net profit fell marginally in the first quarter of FY26 on a year-on-year basis (YoY), the company said in an exchange filing on Friday.

The Mumbai-based retail chain operator posted a consolidated net profit of Rs 772.10 crore for the quarter ended June 2025, marginally lower than Rs 773.68 crore reported in the corresponding quarter a year back.

Revenue from operations rose over 16 per cent year-on-year to Rs 16,359.7 crore, up from Rs 14,069 crore in Q1FY25, driven by a steady rise in store count and higher footfalls.

Mercedes-Benz India on Friday announced that it has made a strong start to the financial year 2025-26 by retailing 4,238 units in the April-June 2025 period (Q1) -- a 10 per cent growth compared to the same period last fiscal.

This strong growth was driven by high demand for both its core and top-end luxury vehicles, as well as a sharp rise in sales of battery electric vehicles (BEVs).

The Centre on Friday launched a groundbreaking scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative, with the maximum incentive set at Rs 9.6 lakh per vehicle.

This marks the first time the government is extending direct support for electric trucks, aiming to accelerate the country’s transition to clean, efficient and sustainable freight mobility. The scheme is expected to support the deployment of approximately 5,600 e-trucks across the country.

Karnal-based Oswal Pumps on Friday announced its financial results for the fourth quarter (Q4) of FY25, reporting a 20.51 per cent decline in profit on a quarter-on-quarter (QoQ) basis.

The company posted a net profit of Rs 63.90 crore during the January–March period (Q4), down from Rs 80.39 crore in the October–December quarter (Q3 FY25), according to its stock exchange filing.

The company said its revenue from operations stood at Rs 364.63 crore in Q4 -- a decline of around 4 per cent from Rs 379.74 crore in the previous quarter

The gold prices in international markets are in a consolidation phase, and such consolidation prepares a fertile surface for the yellow metal to move in an upward trend, a report said on Friday.

The market is currently focusing on two factors for the movement- direction of the US interest rate and anticipated decline in the US Dollar against other major currencies, said Emkay Wealth Management in its latest Navigator report.

Amid unclarity over the likely impact of the tariffs on the US retail prices, with the Fed on hold, one of the major triggers for gold price movement is missing.

Tata Elxsi's net profit declined over 20 per cent to Rs 144.36 crore in the first quarter of FY26 on a year-on-year (YoY) basis, as per its exchange filing on Thursday.

The Tata Group's firm had posted Rs 184.07 crore profit in the same quarter in FY25.

To strengthen India's agriculture sector and make AI models more sensitive to the country’s linguistic and cultural diversity, Google on Thursday launched a new agricultural monitoring and event detection (AMED) application programming interface (API).

The company also announced a collaboration with the Indian Institute of Technology (IIT) Kharagpur to build localised datasets on India’s rich cultural tapestry. It will help in equipping global Large Language Models with better linguistic and cultural context at the local level.

The new mechanism will provide information on crops and field activity across India that will eventually empower the ecosystem to build targeted solutions that support agricultural productivity and resilience, the global tech giant said in a statement.