Image used for representative purposes SpaceX is reportedly proceeding with an internal share sale that values Elon Musk‘s space technology company at approximately $800 billion, potentially setting the stage for the largest initial public offering in history.According to a company communication cited by Bloomberg on Friday, SpaceX is considering a public listing in 2026. The…
GST reforms could lower retail inflation by up to 35 basis points in 2025-26, with the impact already visible in recent months, according to a report by SBI Research.The report, cited by news agency ANI, estimated that Consumer Price Index (CPI) or retail inflation declined by around 25 basis points during the September–November 2025 period…
India’s IPO street is set to be crowded next weel, with fresh offerings opening for subscription and a long list of companies preparing to ring the opening bell on the stock exchanges. The primary market will see four new public issues with a combined size of about Rs 830 crore opening in the third week…
As India reels amid steep tariff hike by Mexico, ranging up to 50 per cent, an official said New Delhi is actively engaging with Mexican authorities over what it views as a “unilateral” move to raise duties on a wide range of products. The discussions, the official said, are aimed at finding solutions beneficial to…
After the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points last week, several major banks have moved to pass on the benefit to borrowers. Latest addition to the wave is the State Bank of India (SBI), which announced cuts across its lending rate benchmarks, in a move aimed at easing…
India has relaxed visa norms for China the two countries take steps to mend relations strained by the eastern Ladakh border standoff in 2020. In its latest push, India will now make entry easier for Chinese professionals visiting for short-term.According to sources cited by PTI, Chinese nationals coming to India for limited durations will no…
MUMBAI: The Rs 10,600-crore IPO for ICICI Prudential Mutual Fund was subscribed 72% on day 1 with the institutional investors portion subscribed nearly two times. The high net worth part was subscribed 37%, the retail portion 21% while the part reserved for shareholders of ICICI Bank was subscribed 44%. Through the bidding round, Prudential Corp…
A California jury ordered Johnson & Johnson to pay $40 million to two women who claimed its talc-based baby powder caused their ovarian cancer. The women testified that decades of use led to major surgeries and chemotherapy. Johnson & Johnson plans to appeal, stating the verdict is aberrant and lacks evidence. A California jury on…
MUMBAI: New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India. The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and…
The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice. NEW DELHI: The Cabinet on Thursday cleared rewriting of laws in two critical sectors – stock markets and insurance. The plan is to allow 100%…
