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…
Indian equity benchmarks ended sharply lower on Monday, pressured by a global market rout, surging crude oil prices and growing concerns over the economic fallout from escalating tensions in the Middle East. A share broker reacts as Sensex and Nifty prices plummet in Kolkata. (ANI) The BSE Sensex fell 719.08 points, or 0.97%, to close…
Just like many humans, Indian states have a conflicted relationship with booze. The Directive Principles of State Policy enshrined in the country’s constitution call on governments to “endeavour to bring about prohibition”. India celebrates its independence day, and many other public holidays, by imposing abstinence. In Kerala the first day of every month is dry….
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…
Technically, gold is approaching an important support cluster between ₹153,500 and ₹154,500. (AI image) Gold price prediction today: Gold prices continue to be volatile amid geopolitical developments, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold prices remained under pressure during the week, extending their corrective phase after failing to sustain…
By Dipti DeshpandeThe Reserve Bank of India’s Monetary Policy Committee (MPC) in its June policy review unanimously decided to leave policy rates unchanged and retain a neutral policy stance – an outcome that was largely expected. At 5.25%, the repo rate remains below its decadal average and the levels seen in fiscal 2014 when the…
More than 100 days into the Middle East crisis, the Strait of Hormuz remains the world’s biggest shipping question mark. Iran has now signalled that the strategic waterway will reopen, but not quite as before. According to Iran’s ambassador to Moscow, the route will operate under new conditions set by Iranian and Omani authorities, including…
“India is so dynamic, I love going there,” remarked Apple CEO Tim Cook, a day ahead of the tech giant’s annual Worldwide Developer Conference (WWDC) keynote, where the artificial intelligence strategy as well as the next versions of software including iOS, iPadOS and macOS will be revealed. Cook, alongside Apple’s CEO-elect John Ternus, met distinguished…
Indian-origin venture capitalist Vinod Khosla responded to an American entrepreneur who accused him of asking him to fire his co-founders in exchange for a more favourable investment deal. It all began when a post on X set off a viral thread in which founders shared their worst encounters with venture capitalists (VCs) during fundraising. Vinod…
