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Musk's big robot bet

Mint Hyderabad

January 30, 2026

Is Tesla about to shift its business focus from electric vehicles (EVs) to humanoid robots?

Hit by Chinese rivals like BYD, the EV maker reported its first-ever annual drop in revenue, down 3% to $94.8 billion in 2025.Its chief Elon Musk has said it will quit rolling out its pricey S and X models. Musk's self-confessed love of the letter 'X' makes the latter's withdrawal a surprise. But then, business logic must prevail. Tesla's

Esta historia es de la edición January 30, 2026 de Mint Hyderabad.

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PE giants line up for shoe maker RedTape

Global private equity firms including Apax Funds and Advent International have joined the race to acquire a majority stake in RedTape, in a transaction that could value the Indian footwear maker at ₹4,500-5,000 crore (about $500 million), three people familiar with the matter said on condition of anonymity.