Current Affairs - Business

On July 16, Elon Musk announced that he would relocate the headquarters of his social media platform X and his rocket manufacturer SpaceX from California to Texas. Musk cited a recent California law as a significant factor in his decision, which he described as "the final straw." SpaceX’s headquarters will move from Hawthorne, California, to Boca Chica, Texas, while X will move from San Francisco to Austin, Texas. This move reflects Musk's ongoing dissatisfaction with California's regulations and governance.

IndianOil has introduced STORM-X, a high-octane gasoline designed specifically for racing cars. Developed at IndianOil's R&D Centre in Faridabad and produced at Paradip Refinery, STORM-X includes advanced components like 2G Ethanol and meets FIA 2024 specifications. IndianOil has partnered with Madras Motor Sports Club to supply this fuel for the Indian National Racing Championship.