Tag: #news

  • Bank of India expands nationwide with 111 new branches in a day

     Bank of India (BOI) has taken a significant step in expanding its footprint by inaugurating 111 new branches across the country. The virtual inauguration was led by the Managing Director & Chief Executive Officer, Mr. Rajneesh Karnatak, reinforcing the bank’s commitment to financial inclusion and enhanced customer accessibility.

    The newly inaugurated branches span multiple cities, further strengthening Bank of India’s nationwide presence. Hyderabad FGMO (Field General Manager Office) has seen the highest increase, with seventeen new branches. Chennai FGMO has witnessed significant growth with fourteen new branches.  Pune FGMO  has expanded with thirteen and New Delhi FGMO has introduced twelve new branches.  Bhopal FGMO has expanded with eleven. Chandigarh and Lucknow FGMO have each inaugurated ten branches each. 

    Commenting on the expansion, Mr. Rajneesh Karnatak, Managing Director & Chief Executive Officer, said: “This expansion strengthens our presence in key urban and semi-urban centers, bringing banking services closer to our customers. By increasing our branch network, we aim to enhance accessibility, improve customer convenience, and provide a more personalized banking experience. We remain bound to provide seamless financial access, supporting small businesses, and empowering individuals with the resources they need to grow and thrive. This initiative aligns with our broader vision of driving financial inclusion and contributing to the nation’s economic growth.”

  • SpaceTech startup TakeMe2Space raises Rs 5.5 Crore in Pre-Seed round led by Seafund

    SpaceTech startup TakeMe2Space has raised Rs 5.5 Crore in a pre-seed round led by Seafund. The round also saw participation from Blume Ventures, Artha Venture Fund, AC Ventures. and other marquee angels.  TakeMe2Space plans to use the funds raised towards the launch of MOI-1 – India’s first AI-labratory in space. The Company has successfully finished 2 space missions in collaboration with ISRO’s POEM platform. TM2S demonstrated a novel radiation shielding coat.

    Founded in 2024 by Ronak Kumar Samantray, TakeMe2Space is a SpaceTech startup that redefines satellite applications by addressing data processing challenges directly in space. The company aims to provide accessible space research opportunities and democratize space exploration by emphasising on enhancing domestic capabilities in radiation shielding, propulsion systems, and inter-satellite communications, which collectively will further empower the sector.

    TakeMe2Space with its upcoming MOI-1 launch will focus to ensure the 15+ early customers for AI-lab have a smooth experience of running their orbital applications. In the short term, the company’s GTM would be focused on doubling down on adoption of TM2S developed satellite subsystems in India, Australia and Europe.

    In the last 12 months, TakeME2Space has expanded to a team of 17+ members. The company’s robust engineering staff has built over 15 satellite sensors and subsystems.

    Key Achievements:

    AI Execution in Space: MOI-TD successfully demonstrated the ability to uplink large AI models from a ground station, execute external code on the satellite, and securely downlink encoded and encrypted results.

    • Full System Validation: The mission successfully tested all critical subsystems, including:
      Sensors: Sun Sensor, Horizon Sensor, Solar Cell, IMUs
    • Actuators: MagnetoTorquers, AirTorquers, Reaction Wheel
    • Computing Infrastructure: Zero Cube AI Accelerator, POEM Adapter Board
    • Operational Success: The AI payload executed multiple real-time processing tasks, validating the system’s ability to process Earth observation data on orbit.

    Commenting on the investment, Manoj Kumar Agarwal, Managing Partner, Seafund , says, “As a deep tech focused fund, we believe emerging technologies like space tech have the ability to unlock highly impactful solutions at scale. The Indian space industry has witnessed remarkable technological accomplishments. With the Indian Government’s various initiatives and policy schemes to augment the capabilities in Space technology development will further boost the sector. TakeMe2Space has been working tirelessly with its upcoming MOI-1 launch which will be a game changer towards building data centres in space. The funding will help the company scale to the next stage and also expand its satellite subsystems on a global level.”

    The Company aims to scale operations, launch in new regions, expand its product portfolio, strengthen R&D, and drive customer acquisition.

    Ronak Kumar Samantray, Founder & CEO, TakeMe2Space, says, “TakeMe2Space is on a mission to democratise space for all. This funding is a testament to our team’s dedication and the impact we are creating in the space tech industry. With the support of our investors, we are excited to accelerate our growth and the first AI Lab to more customers globally.”

    Over the next 12 months, the company expects to double its revenues.

    According to INVEST INDIA India’s SpaceTech sector is rapidly expanding, driven by technological advancements and government support, with immense potential for growth and global collaboration. This shows a massive potential for TakeMe2Space to grow and be the market leader in this segment.

  • PwC India Introduces Accelerator to Help Blockchain, AI, and Other Startups

    In order to assist businesses working in the fields of data analytics, blockchain, spacetech, and artificial intelligence, PwC India has started its first accelerator program. Under the three-month “Emerging Tech Startup Challenge” program, at least 15 late-stage firms with at least two to three successful commercial implementations and Series A or B funding would be chosen, according to a statement from PwC India. The statement further stated that these chosen firms will get 25 hours of pro bono advising services in areas like management, technology, go-to-market tactics, valuation, fundraising, and taxes. According to Sanjeev Krishan, chairperson of PwC India, the firm is supporting a vibrant and sustainable tech ecosystem in India by empowering up-and-coming tech businesses and giving them the resources they need to succeed.

    Accelerator Focuses Startups Across Multiple Sectors

    The accelerator focuses on entrepreneurs with solutions in both B2B and B2C markets that operate in a variety of industries, such as manufacturing, retail, financial services, infrastructure, healthcare, and telecommunications. According to Arnab Basu, partner and advisory leader at PwC India, the company hopes to build a growth ecosystem for its clients via this platform. PwC India is eager to observe how innovators and disruptors might tackle the most important issues pertaining to the expansion of its biggest clients. With the help of PwC’s network of industry experts and advisors, companies will have access to a customised curriculum that includes seminars, one-on-one mentorship sessions, and demo days. The program’s application period will begin on March 5 and end on May 5. By the end of June, the final selection will be finished.

    Rise in Corporate-Backed accelerator Programmes in India

    Flipkart Ventures, which offers equity investments up to $500K and mentorship created by a worldwide consulting firm, chose five startups in February for the third batch of its Flipkart Leap Ahead program. Nikhil Kamath, a co-founder of Zerodha, announced the WTFund’s second cohort of nine firms that same month. The fund targets founders under 25 years old and offers awards up to INR 20 lakh. Startups from more than 50 cities submitted proposals to the fund, which provides “no-strings-attached” funds in addition to chances for strategic partnerships and coaching. Other noteworthy accelerator initiatives include 100X and the third cohort of IPV Ideaschool from Inflection Point Ventures, which provides INR 1 Cr in funding to pre-seed to seed stage entrepreneurs.Out of more than 1,900 submissions, 18 startups received an INR 23.3 Cr investment from VCs. SwanariTM TechSprint 3.0, a women-focused fintech program designed to improve financial inclusion for women in India, was also introduced by the Reserve Bank Innovation Hub (RBIH) in collaboration with IIMA Ventures.

  • Reliance New Energy, Owned by Mukesh Ambani, Could Face an INR 125 Cr Fine

    Reliance Industries Ltd., a company owned by billionaire Mukesh Ambani, risks penalties for not establishing a battery cell plant as part of Indian Prime Minister Narendra Modi’s initiative to reduce reliance on imports, according to various media reports. Reliance New Energy Ltd., one of the companies that won a bid for battery cell manufacturing in 2022 as part of an Indian government initiative to encourage local production, is subject to fines of up to INR 125 crore ($14.3 million) for failing to meet a deadline. According to reports, Rajesh Exports Ltd., which also filed to produce battery cells under this government program, is also responsible for halting the advanced-chemistry cell development and may face fines of a comparable magnitude.

    Why Firms are Failing to Achieve Manufacturing Goals?

    Modi’s “Make in India” plan to challenge China as the world’s factory may be thwarted by technological obstacles and changing market dynamics, as seen by the failure to meet state-directed manufacturing targets. Although Modi aimed to increase manufacturing’s proportion of the GDP to 25%, it fell from 15% in 2014 to 13% in 2023. Although local smartphone assembly has benefitted greatly from manufacturer subsidies under the so-called Production-Linked Incentives, or PLI, the results haven’t been consistent across industries.

    As part of the nation’s efforts to lessen reliance on imports for electric vehicles, Reliance New Energy, Rajesh Exports, and the Ola Electric Mobility Ltd. unit have won bids in 2022 to construct the battery cell plants under the PLI program. Subsidies totalling INR 18,100 crore were available to manufacturers that met project objectives aimed at developing a total of 30 gigawatt-hours of advanced chemistry cell battery storage capacity. According to the people, the companies had to reach a minimum “committed capacity” and create 25% local value within two years of the agreement and 50% within five. However, the third party, Ola Cell Technologies Pvt., owned by billionaire Bhavish Aggarwal, has fulfilled its obligations under this PLI scheme. According to an emailed statement from an Ola Electric representative, the Ola unit began trial production in March of last year and intends to begin commercial production of lithium-ion cells in the April to June quarter. He declared, “We are on track to meet the set timelines.”

    Shifting Focus on Green Hydrogen

    As part of a change in the company’s goals, the Reliance unit has shifted its attention to green hydrogen, a fuel that is thought to be essential to a future free of carbon. Additionally, the firms have not yet solidified the technology required for local production of lithium-ion cells. Furthermore, the cost of lithium-ion phosphate, or LFP, batteries has been decreasing globally. As a result, cell imports are now more affordable than ever before, which raises questions about domestic demand and slows down investment in India. While the Netherlands-based Lithium Werks, with its Chinese manufacturing facilities, and sodium-ion cell manufacturer Faradion were acquired by Reliance New Energy in 2021 and 2022, respectively, these were very modest investments.

  • Tokyo Electron will Establish a Manufacturing Hub to Increase its Footprint in India

    Tokyo Electron, a partner of Tata Electronics, is the most recent fab toolmaker to consider establishing a manufacturing presence in the nation. The Tokyo Electron India Project’s project director, Vaidya Bharadwaj, told reporters that although localisation is not a top priority right now, Tokyo Electron is keen to meet the demands of the Indian market. For the business, manufacturing entails putting parts together to make sophisticated devices, including test systems, wafer bonders/debonders, etchers, cleaners, and coaters/developers. The majority of this work is currently done in Japan, with a lesser amount being done in the US. According to him, Tokyo Electron’s long-term localisation initiatives include establishing a portion of the supply chain in India.

    International Semiconductor Manufacturers Eyeing Big on India

    Only a few weeks have passed since California-based semiconductor manufacturer Lam Research announced an INR 10,000 crore investment in Karnataka, which was followed by Tokyo Electron’s recent announcement. According to the corporation, Lam Research’s products are utilised in semiconductor device wiring and wafer processing. The country’s Lam engineers will be able to develop, test, and validate semiconductor production equipment and processes on-site thanks to the new unit. Prior to this, in 2022, Lam Research established its first engineering unit in Bengaluru. It’s interesting to note that last year there were rumours that Applied Materials, another well-known company in this field, was also considering establishing a production facility in India. At the time, it was unclear, though, whether the company would concentrate on manufacturing semiconductors or its core fab tools in India. But according to certain media accounts, it was probably going to start out as a fab tool unit. The major providers that provide services to fab units worldwide are Tokyo Electron, ASML, KLA, Lam Research, and Applied Materials.

    India is an Exciting Market: Bharadwaj

    India is a fascinating market with a ton of prospects, according to Tokyo Electron’s Bharadwaj, who also stated that the company was keen to collaborate with other companies. According to him, the business has already had conversations with a number of stakeholders and has gotten really encouraging feedback. The Dholera fab support operations are the brand’s top priority right now. “Rapid progress” is being made in delivering specialised equipment while building a strong support environment,” he continued, adding that the company is still dedicated to its cooperation with Tata Electronics. He added that Tokyo Electron is actively looking for sites to install support infrastructure close to Tata Electronics’ semiconductor factory in Dholera. Quick response times depend on being close to customers, and Tokyo Electron’s operations are normally located within a 20-minute radius of a fab.

    The company intends to assemble a group of highly skilled engineers in order to create a robust ecosystem of semiconductor support. Although India’s semiconductor industry is still in its infancy, he claimed that the government and industry’s “pragmatic approach” of prioritising legacy nodes before moving on to high-end chips has laid what he called a “solid foundation,” positioning India to become a major investment destination in this sector over the course of the next four to five years. Both businesses inked a Memorandum of Understanding in September of last year to work together to expedite the infrastructure for semiconductor equipment for Tata Electronics’ first Fab in India, which is being constructed in Dholera, Gujarat, as well as for its assembly and testing plant in Jagiroad, Assam.

  • Over 1,000 Workers are Let go by Ola Electric Due to Growing Losses

    According to a media agency, Ola Electric Mobility Ltd., under the leadership of Bhavish Aggarwal, is laying off over 1,000 staff and contract workers in an attempt to reduce the company’s growing losses. As the electric two-wheeler (2W) manufacturer goes through a significant reorganisation, the employment cutbacks impact several departments, including procurement, fulfilment, customer relations, and charging infrastructure. In less than five months, this is the company’s second round of layoffs. About 500 workers were let go by Ola Electric in November 2024, and the most recent round of layoffs represents more than 25% of the company’s 4,000-person employment as of March 2024. However, since they are not included in the company’s formal disclosures, contract workers are not included in this statistic.

    Ola Grappling with Multiple Challenges

    A representative for the company told the media outlet that Ola had automated front-end processes to boost customer satisfaction, cut expenses, and increase margins while removing unnecessary positions to increase efficiency. They did not, however, state how many employees were impacted. The layoffs occur as Ola Electric, which is supported by SoftBank, faces several difficulties. In the December 2024 quarter, the company’s net loss increased to INR 564 crore from INR 376 crore in the same period the year before. The business has also had to contend with increasing competition, which has caused it to lose its top spot as India’s largest seller of electric scooters. According to government data from December 2024, TVS Motor Co. and Bajaj Auto Ltd. both surpassed Ola Electric as the market leaders. Ola Electric argues that it is still a major player in spite of these failures. The business recorded sales of more than 25,000 units in February 2025, gaining a 28% market share. Aggarwal had set a monthly sales goal of 50,000 units to reach breakeven in earnings before interest, tax, depreciation, and amortisation (EBITDA), but this is well below that amount.

    Revamping Plans

    In order to reduce expenses, Ola is reorganising its delivery and logistics plans and automating some of its customer service functions. At its showrooms and service centres, workers in sales, service, and warehouse positions are also being let go. To solve issues with accessibility and service, Ola Electric opened 3,200 retail locations nationwide in December 2024 as part of an ambitious expansion. This action was taken in response to a spike in consumer complaints about poor product and service quality. According to some sources, up to 80,000 complaints were sent to Ola Electric each month. Delays in the supply chain have also been a problem for the business. In an effort to reduce expenses and increase efficiency, it renegotiated contracts with two significant vendors earlier this year, alerting investors that this will have an impact on vehicle registrations in February 2025.

  • Adani Green Secures Refinancing for $1.06 Billion Project

    Adani Green Energy Ltd. (AGEL), in order to build the largest solar-wind hybrid renewable cluster in India in Rajasthan, said it had successfully refinanced its first construction facility with an outstanding balance of USD 1.06 billion from 2021. The biggest renewable energy provider in India, AGEL, revealed this development on 3 March, stating that it has reached yet another significant milestone in its Capital Management Journey. Additionally, the long-term financing obtained to refinance its construction facility includes a 19-year door-to-door tenor and a fully amortised debt structure that mimics the life of the underlying assets. This innovation marks the effective completion of AGEL’s capital management program for the underlying asset portfolio, which entails obtaining long-term facilities that are precisely in line with the portfolio’s cash flow lifecycle.

    How Refinancing is Expected to Improve Company’s Portfolio?

    The new refinance plan has a fully paid-off debt structure that is tailored to the underlying asset’s lifespan and a 19-year door-to-door tenor. The facility has received an AA+/Stable rating from three domestic rating agencies: ICRA, India Ratings, and CareEdge Ratings. AGEL’s capital management program for the underlying asset portfolio, which seeks to obtain long-term facilities in line with the cash flow lifetime of the portfolio, is now complete thanks to this refinance. According to the corporation, this strategy secures substantial sums of money over an extended period of time and offers advantages through access to a variety of capital pools. With a goal of reaching 50 GW by 2030, AGEL now manages a 12.2 GW renewable portfolio spread across 12 Indian states. In Khavda, Gujarat, the business is building what it claims is the largest renewable energy plant in the world, covering 538 square km. In order to strengthen AGEL’s financial stability as it pursues its growth trajectory in the renewable energy industry, the refinance is a calculated decision.

    The Instability Surrounding Adani Green’s Bond

    Following the arrest of senior officials, including Chairman Gautam Adani, by the US Department of Justice (DOJ) on suspected bribery allegations, Adani Green had previously cancelled its planned $600 million bond issue in November 2024. Adani and others were charged by the DOJ with arranging payments to Indian government representatives in order to obtain contracts for solar energy. Shortly after pricing, the bond issuance was terminated due to growing legal and regulatory issues. Adani Green withdrew its bond offering for the second time in as many months; the first effort was cancelled because of adverse market circumstances. The group’s US dollar bonds saw a sharp decline as a result of the accusations, indicating market apprehension over governance and regulatory risks. The Adani Group responded to the charges by denying the accusations, calling them baseless, and promising to pursue all available legal options. The group reaffirmed its dedication to upholding strict governance, transparency, and regulatory compliance requirements in every jurisdiction.

  • AGS Transact Technologies Reported to be Insolvent Owing to Unpaid Dues

    AGS Transact Technologies (AGST.NS), an Indian payments services company, announced on March 1 that a creditor intends to file for bankruptcy against the business for failure to pay debts. According to an exchange filing by AGS Transact, Maxwel Aircon India Private Limited, one of the business’ operational creditors, has accused the company of nonpayment and requested that corporate insolvency be initiated in the National Business Law Tribunal. According to AGS Transact, the business is looking for the right legal counsel and will do everything in its power to safeguard its interests in the aforementioned issue. AGS Transact offers corporate clients and banks cash-based and digital solutions, including ATM services. After the ailing company fell behind on its payments in recent months, all four of its independent directors left, citing personal reasons, and at least two credit ratings were downgraded. According to exchange records, the business and a division that supplies cash to ATMs had fallen behind on debts totalling 7.26 billion rupees ($83.1 million).

    Who Flagged Off the Default?

    On February 4, the credit rating agency Crisil noted the default and reduced the company’s debt rating; on February 5, India Ratings also downgraded the company’s credit rating, suggesting that it might not be able to make its debt payments. A week following Crisil’s downgrade, the firm revealed the default. Due to the company’s inability to achieve service-level agreements with its clients, the agencies pointed to a delay in receivables. This resulted in a severe decline in liquidity, which caused the company to miss interest payments on term loans in December and January. AGS Transact also reported a loss for the December quarter as a result of the delay, and its auditor expressed concerns about the company’s capacity to continue as a going concern. Its lenders include Federal Bank, State Bank of India, Bandhan Bank, HDFC Bank, Dhanlaxmi Bank, SBI Global Factors, Investec Bank, Aditya Birla Finance, IDFC First Bank, SBM Bank (India), and IndusInd Bank. Commentary from the lenders was not immediately available.

    How NCLT Handles Corporate Bankruptcy Cases?

    Under the Insolvency & Bankruptcy Code (IBC), NCLT plays a crucial role in managing the entire corporate insolvency resolution procedure. The NCLT assesses whether an insolvency petition is comprehensive and eligible for admission after receiving it. Following admission, the tribunal designates an Insolvency Resolution Professional (IRP) and starts the Corporate Insolvency Resolution Process (CIRP), in which the resolution specialist assumes control of the debtor’s resources and business operations. With a 180-day period (extended by 90 days) for developing a resolution plan to bring the company back to life, the CIRP is designed to effectively address insolvency. The NCLT may start the debtor company’s liquidation and supervise the fair division of assets among creditors if no workable settlement plan is accepted. The NCLT’s decisions may be appealed to the National Company Law Appellate Tribunal (NCLAT).

  • Cipla CEO- Not letting Tariffs on Indian drugmakers

    President, Donald Trump: The U.S. government has been considering tariff hikes on imports from various sectors, including pharmaceuticals, as part of broader trade policy measures. India’s basic customs duty on pharmaceutical imports is 10%. However, some lifesaving drugs and vaccines are exempt from this duty. Recently, the Indian government announced a full exemption to 36 lifesaving drugs from the basic customs duty—the U.S. doesn’t impose any import duty. Still, if the US enforces any tariffs based on diplomacy, India would need to lower its duties on US pharmaceutical imports

    In a recent statement, Cipla CEO Umang Vohra highlighted, ” Indian pharmaceutical companies should not allow U.S. imposing heavy tariffs to dictate their business strategies. The discussion within the U.S. government regarding this tariff is raising concerns regarding the impact on Indian drug makers, who supply nearly 50% of the generic drugs in the U.S. market.”

    Umang Vohra, Cipla CEO advice on tariffs

    According to Vohra, suddenly shifting manufacturing bases or making major structural changes might not be the best solution. He notes that setting up new units or plants to avoid tariffs could lead to underutilization. Many pharmaceutical companies have already expanded their manufacturing units abroad, in countries like the US and Europe. However, moving more operations overseas to avoid tariffs could be costly and complicated. It would require regulatory approvals, skilled labor, and infrastructure development.

    Vohra advises businesses to focus on their long-term goals, innovation, and efficient production instead of reacting impulsively to uncertain trade policies.

    Dilip Shanghvi, Managing Director of Sun Pharma said, ” I don’t know how much difference tariffs will make to us and it will not justify relocating our manufacturing, Ultimately the tariff impact will be passed on to consumers.”

    Crucial role of Indian Generics in the global market

    Despite facing multiple challenges, India’s pharmaceutical industry plays a vital role in the global supply chain. It provides affordable generic medicines to countries around the world. Indian drug manufacturers are successful due to several factors including the production of medicines at a comparatively lower cost, they have access to a strong pool of talented professionals, and well-established regulatory processes.

    The Indian industry is also expanding its presence in global markets such as Africa, Latin America, and Southeast Asia, which reduces the dependence on any single region. This strategic move has enabled Indian pharmaceutical companies to expand their global footprint and cater to the diverse needs of markets. Indian generics have a significant role in controlling drug prices, and a major shift from these imports could impact U.S. consumers and healthcare systems.


    What is Green Tariff and How does it Works?
    Green Tariffs provide access to industries that use renewable energy programs. Learn about Green Tariff, how it works, types, advantages & more.


  • Elon Musk welcomes his 14th child: Seldon Lycurgus

    • Elon Musk has welcomed his 14th child, Seldon Lycurgus with partner Shivon Zilis.
    • Zilis announced the news on X, showing her affection for thier 4th child.
    • The expanded family is receiving tons of public interest from social media.

    Elon Musk is a tech billionaire, and businessman known for his key roles in Tesla, Inc., SpaceX, and Twitter (rebranded as X). He welcomes his 14th child, a son named Seldon Lycurgus, and his fourth kid with Shivon Zilis. This announcement follows their previous children, twins Strider & Azure, and a daughter, Arcadia. ). Since 2025, Elon Musk has been a senior advisor to U.S. President Donald Trump and de facto head of the Department of Government Efficiency (DOGE). Musk is the wealthiest person in the world; as of February 2025, Forbes estimated his net worth to be US$ 353 billion.

    Musk’s partner, Zilis announced this news in a post on X on Friday. While she did not mention his birth date, she just shared her excitement over their new arrival.

    She wrote, ” Discussed with Elon and in light of beautiful Arcadia’s birthday we felt it was better to also just share directly about our incredible son Seldon Lycurgus. Built like a juggernaut with a solid heart of gold.”

    To this, Musk replied with a heart emoji. A source told people that Elon “really loves Shivon.”

    The Elon Musk Family

    Elon Musk is now a father of 14 children with four different women. His first child, Nevada Alexander, was born in 2002 to his ex-wife Justine Wilson, but sadly passed away at just 10 weeks old. Later, Musk and Wilson had twins Vivian and Griffin, who are now 20 years old. They also had triplets Kai, Saxon, and Damian, who all turned 19 this year.
    In addition to his children with Wilson, Musk also has three children with the musician Grimes. Their children are son X AE A-12, who is 4 years old, daughter Exa Dark Siderael, who is 3 years old, and son Techno Mechanius, also known as Tau, who is 2 years old.

    Musk also has three children with Shivon Zilis, a director at his company Neuralink. Zilis and Musk welcomed twins Strider and Azure in November 2021, although the birth was kept secret at the time. The twins’ arrival was disclosed in July 2022, through court documents. Interestingly, the twins were born just weeks before Musk and Grimes welcomed their daughter Exa Dark Siderael through surrogacy. Zilis and Musk’s third child together is a daughter named Arcadia who was born on February 28, 2024. This birth was exactly a year after Zilis marked their daughter Azure’s first birthday.

    Furthermore, there is a recent claim by writer Ashley St. Clair that Musk is the father of her son R.S.C., who was born five months before her announcement on February 14.

    St. Clair mentioned in a post on X, “Five months ago, I welcomed a new baby into the world. Elon Musk is the father.” She also mentioned that this news was kept private for the child’s safety and privacy.

    Public and Personal Relations of Musk

    Musk’s expanded family has sparked curiosity in the public, particularly the relationships among the mothers of his children. However, Zilis and Grimes addressed their relationship with a tweet after a reported misunderstanding.


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