SpaceX is preparing for a stock market debut that could become the largest initial public offering in history. The Elon Musk-led company is seeking to raise about $75 billion at a valuation of roughly $1.75 trillion, a figure that would place it among the most valuable publicly traded companies in the world from day one.The…
Government bonds advanced on Monday shrugging off a surge in crude oil prices triggered by escalating tensions in Middle East as optimism over the Reserve Bank of India‘s accommodative policy stance and measures to attract foreign capital supported market sentiment.The yield on the benchmark 6.48% 2035 government bond fell 2.4 basis points to 6.9532%, its…
India recorded a current account surplus of $7.1 billion, equivalent to 0.7% of GDP, in the January-March quarter of FY26, according to Reserve Bank of India data released on Monday.The surplus was lower than the $13.7 billion, or 1.4% of GDP, recorded in the corresponding quarter of FY25, according to news agency PTI.However, for the…
SpaceX is set to enter Wall Street, with an IPO valued at a whopping $1.75 trillion! The long-awaited listing has kicked off a rush among retail investors all chasing a slice of its rockets, satellites and AI empire, turning it into one of the most talked-about market moments in recent times. Demand is already so…
State-run Bharat Petroleum Corporation Ltd (BPCL) will shut a 120,000-barrel-per-day crude unit and some secondary processing units at its Mumbai refinery in November for planned maintenance, news agency Reuters reported citing industry source on Monday.The maintenance shutdown will affect units at BPCL’s 200,000-bpd refinery in Mumbai, one of the company’s key refining facilities in western…
MUMBAI: The board of the Small Animal Hospital, India’s largest tertiary care veterinary facility and a cherished project of the late Ratan Tata, has been reconstituted following the exit of his close confidant Mehli Mistry, as the internal conflict engulfing Tata Trusts ripples into affiliated institutions.Sanjay Ubale, a former MD of Tata Realty & Infrastructure,…
Finance minister Nirmala Sitharaman on Monday said more than 58 crore Jan Dhan accounts have brought crores of Indians into the formal banking system, strengthening financial inclusion across the country.The Pradhan Mantri Jan Dhan Yojana (PMJDY) has ensured that benefits under welfare schemes, low-cost insurance and pension programmes reach beneficiaries without leakages, the Finance Minister’s…
Life Insurance Corporation (LIC) of India NEW DELHI: State-owned Life Insurance Corporation of India (LIC) is engaging with key financial regulators, including RBI and Sebi, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising, CEO and MD R Doraiswamy said.An annuity product converts an accumulated retirement corpus…
MUMBAI: Stock markets are expected to open weak on Monday on the back of the massive sell-off on Wall Street on Friday evening. As US stocks, especially the ones linked to the AI ecosystem, faced a huge sell-off, by late evening the Gift Nifty index, a proxy for Indian market for late trades, closed 1.5%…
MUMBAI: Giesecke+Devrient (G+D), the German security technology group spanning currency, digital payments and cybersecurity, is stepping up its India play with fresh investments of Rs 1,100 crore in 2026, localisation plans and a sharper focus on digital infrastructure, as it bets on the country’s dual-track growth in cash usage and digital adoption. The company is…
