Business Brief:Elon Musk urges netizens to cancel Netflix subscription; OpenAI becomes world’s largest startup

Here’s a brief outlook on today’s key events and a recap of major business news headlines on Thursday. Before yesterday’s big news, here are today’s headlines to watch out for… Now read yesterday’s big news… 1. Indian govt oil firms reduce Russian oil purchase:Sept daily average imports drop 32% compared to the preceding month, 45% since June; Trump levies 25% punitive tariffs for energy sourcing After the US President Donald Trump’s 25% extra tariff, Indian government companies have reduced crude oil purchases from Russia. According to data research agency Kpler, state-owned oil refining companies like Bharat Petroleum (BPCL) and Indian Oil (IOC) imported an average of 6,05,000 barrels per day (bpd) of Russian oil in September. 2. Elon Musk makes history:Becomes 1st person in the world with $500 billion in wealth; Tesla owner’s net worth up 34-fold in 10 years Tesla owner Elon Musk has become the first person in the world to touch the figure of $500 billion in net wealth. According to Forbes Real-Time Billionaires List, Elon Musk’s net worth reached $500 billion (₹44.33 lakh crore) on Wednesday. 3. OpenAI surpasses Musk’s SpaceX in valuation:Market value swells to $500 billion, leaving the latter at $400 billion ChatGPT maker OpenAI has become the world’s largest startup, surpassing Elon Musk’s SpaceX. Because in a deal, the company’s valuation was estimated at over $500 billion, which is more than SpaceX. SpaceX’s value is $400 billion. 4. Car sales jump 45% due to lower GST, festive season:Tata records highest EV sales at 9,191, surpassing Hyundai, Mahindra to claim the second spot September turned out to be a milestone month for India’s auto industry. With reduced GST rates and strong festive demand ahead of Navratri, Dussehra, and Diwali, dealers increased factory orders sharply. Wholesale car sales in the domestic market rose by up to 45%. 5. Elon Musk wants you to cancel Netflix subscription: SpaceX’s founder warns parents as Netflix show pushes pro-transgender content on kids’ channel The world’s richest businessman, Elon Musk, has canceled his subscription of the OTT platform Netflix, joining the ‘Cancel Netflix’ campaign. Along with this, he has appealed to parents to cancel the platform’s subscription for their children’s health. The ‘Cancel Netflix’ campaign started after the release of its animated series ‘Dead End: Paranormal Park’. People have called this show promoting a pro-transgender and woke agenda. Additionally, the show’s creator Hamish Steele is also embroiled in controversy. Also see who are the world’s top-10 richest… Know the latest prices of petrol-diesel and domestic gas cylinders… ​