The Hindu - Business (20 minutes ago)
Market participants were glued to shares of Elon Musk's SpaceX, which began trading on the Nasdaq on June 12. Its shares closed up 19.2% at $160.95, well above the IPO price of $135 apiece. Its market capitalisation was last at $2.1 trillion
ReadThe Hindu - Business (2 hours ago)
The announcement comes close on the heels of NLC signing an MoU with CSIR-Central Electrochemical Research Institute (CSIR-CECRI), Karaikudi, to foster collaboration in the field of critical and strategic minerals beneficiation and extraction technologies
ReadThe Hindu - Business (3 hours ago)
Just three days after publicly launching Fable 5, the company said in a blog post that it received a government directive banning all foreign nationals, even ones who work at Anthropic, from accessing Fable 5 and Mythos 5 over national security concerns
ReadThe Times of India - Business (5 hours ago)
The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsurers have settled some claims. Tata AIG, which was the lead insurer, had a 45% share of the risk. "We fully provided for it in that same quarter itself. Net of reinsurance, our exposure was less than Rs 50...
ReadThe Times of India - Business (5 hours ago)
In a statement on Friday, his legal counsel, Lazareff Le Bars, said the General Division of the Singapore High Court stayed the committal and surrender provisions of the May 25 contempt order on June 10. As a result, Raveendran will not be required to surrender on June 15 as previously directed. The law firm also said it filed an appeal against the...
ReadThe Times of India - Business (5 hours ago)
The London-based company which has been operating in India for more than a decade now said that the volume of interviews that recruiters today conduct have gone up because corporates are mandating them to look beyond CVs when shortlisting a pool of candidates for a job. "Earlier CVs used to be unique but technology has changed that. Resumes are no...
ReadThe Times of India - Business (5 hours ago)
Despite the staggered increase in retail fuel prices during the past month in the backdrop of persisting conflict in West Asia, fuel inflation remained contained at 0.8% in May, though marginally higher than 0.7% in April. Economists expect the pass through to become visible in June. Dipti Deshpande, principal economist at Crisil said food...
ReadThe Times of India - Business (5 hours ago)
Tata Sons is understood to have recorded high-teens profit growth in FY26, a result that strengthens Chandrasekaran's hand as he faces questions from Noel Tata, chairman of principal shareholder Tata Trusts, over losses at the company's new businesses, including Tata Digital. Growth came despite lower dividend income from operating companies,...
ReadThe Times of India - Business (5 hours ago)
The carrier is also reevaluating plans to fly to new domestic and international destinations, pruning some routes and postponing launches at some airports, such as the new Noida International Airport, the people familiar with the matter said. Air India's cowed ambitions follow a series of challenges that have pushed it deep into the red.
ReadThe Times of India - Business (12 hours ago)
India has removed licensing for crucial radio spectrum bands, specifically 77-81 GHz for automotive radar and 5.9 GHz for V2X communications. This move aims to accelerate the adoption of advanced road safety and collision-avoidance systems, aligning India with global standards and potentially reducing vehicle manufacturing costs. The initiative is...
ReadThe Times of India - Business (12 hours ago)
Elon Musk has achieved a historic milestone by becoming the world's first trillionaire, driven by the soaring valuation from SpaceX's IPO. His vision for reusable rockets and interplanetary colonies has captured the imagination of investors, turning space exploration into an enticing financial frontier. This remarkable shift in wealth underscores a...
ReadThe Times of India - Business (13 hours ago)
The Indian Rupee experienced a significant surge, climbing 67 paise to close at 95.18 against the US dollar. This robust recovery was primarily fueled by a sharp decline in global crude oil prices, following US President Donald Trump's indication of an imminent deal with Iran. Positive domestic equity market trends and a weaker US dollar further...
ReadThe Times of India - Business (13 hours ago)
It's important to note that a big portion of Musk's net worth is tied to SpaceX. His holding in the company is worth around $866 billion. According to Reuters calculations, Musk's net worth adds up to over a trillion dollars after the listing of Space X.
ReadThe Times of India - Business (14 hours ago)
Elon Musk has become the world's first trillionaire following SpaceX's successful Nasdaq debut. The company's shares surged, propelling Musk's fortune and valuing SpaceX at nearly $2 trillion. Investors are betting on Musk's diverse ventures despite the company's recent losses, with its addressable market estimated at $28.5 trillion.
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