Ahead of Elon Musk’s visit, Centre notifies raised FDI limit in space sector
Scroll.in - 2024-04-18T06:30:00.000Z

The notification allowed 100% foreign direct investment into the category of manufacturing and operation of satellites and satellite data products.

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Space FDI: Finance ministry notifies FDI in space sector; gives better access to capital, say startups
The ministry of finance on April 16 notified Foreign Direct Investment (FDI) in the Space sector under the Foreign Exchange Management Rules which will now enable Indian space startups working on capital-intensive space products to now access a global pool of capital.The cabinet on February 21 had allowed 74% foreign direct investment (FDI) under automatic route for satellite manufacturing, upto 49% under automatic route for launch vehicles, and upto 100% under automatic route for manufacturing...
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Elon Musk’s friends are reportedly looking to help raise $3 billion for his AI startup as it plays catch-up with rivals OpenAI and Anthropic
Investors close to Elon Musk are in talks to help xAI raise $3 billion in a funding round that could value the startup at $18 billion, sources told the Wall Street Journal.
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Elon Musk’s ‘Community Notes’ are exposing the WHO’s lies
In January 2020, as it became clear that countries outside of China were reporting COVID cases, the taxpayer-funded World Health Organization instead spent its time publishing a series of 14 tweets about the dangers of vaping, including claims that e-cigarette liquid is “highly flammable,” that secondhand vapor is lethal to bystanders, and that there is no evidence that e-cigarettes help people to quit smoking, all of which are entirely false.It was a scurrilous thread deliberately designed to...
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In related news

Space FDI: Finance ministry notifies FDI in space sector; gives better access to capital, say startups

Elon Musk’s friends are reportedly looking to help raise $3 billion for his AI startup as it plays catch-up with rivals OpenAI and Anthropic

Elon Musk’s ‘Community Notes’ are exposing the WHO’s lies