From IPO boom to bond debut: Elon Musk's SpaceX seeks funds for AI and starship

From IPO boom to bond debut: Elon Musk’s SpaceX seeks funds for AI and starship

After raising $75 billion in IPO, Elon Musk’s SpaceX enters bond market Elon Musk’s SpaceX has turned to the bond market for the first time, days after its record-breaking stock market debut, as the company seeks fresh funding to support its growing investments in artificial intelligence and next-generation space technology.The move comes as SpaceX disclosed…

Read More
8th Pay Commission enters crucial phase; employee groups see report before Budget 2027

8th Pay Commission enters crucial phase; employee groups see report before Budget 2027

8th pay commission on Monday began a two-day interaction programme in Lucknow, where it is scheduled to hold 54 meetings with unions, associations and individuals representing departments including railways, defence, health, revenue, communications, CPWD and agriculture. Central government employees may not have to wait until the end of 2027 for revised salaries and pensions if…

Read More
Rupee Depreciation: Rupee falls 30 paise to 94.63 against Dollar amid Middle East uncertainty

Rupee Depreciation: Rupee falls 30 paise to 94.63 against Dollar amid Middle East uncertainty

During the day, it moved between 94.24 and 94.76 before settling at 94.63 The rupee depreciated by 30 paise to close at 94.63 against the US dollar on Monday, weighed down by the strength of the American currency overseas and lingering uncertainty surrounding developments in the Middle East.Forex traders said the domestic currency witnessed volatile…

Read More
US stock markets today: Wall Street holds near record highs as oil prices ease on US-Iran deal hopes

US stock markets today: Wall Street holds near record highs as oil prices ease on US-Iran deal hopes

Investor sentiment received a boost after weekend talks between the United States and Iran. US Vice President JD Vance said the discussions had created a “good foundation for a successful final deal”. US stocks traded near record levels on Monday as easing oil prices and optimism over progress in US-Iran talks helped support investor sentiment,…

Read More
Non-transparency, post-claim investigation of proposals main triggers of dis-satisfaction in health inusrance

Non-transparency, post-claim investigation of proposals main triggers of dis-satisfaction in health inusrance

Mumbai: Health insurers have still some way to go in winning customer trust. Satisfaction of policyholders at the time of claims remains moderate at 82.8 on a 100-point scale, but a sharp rise in unexplained claim rejections and continued reliance on reimbursement routes are eroding consumer trust, according to Policybazaar’s “Is India Happy with Health…

Read More
US eases sanctions on Iranian oil exports as talks move towards final peace agreement

US eases sanctions on Iranian oil exports as talks move towards final peace agreement

The US Treasury Department on Monday issued a general licence allowing the production, delivery and sale of Iranian-origin crude oil, petroleum products and petrochemicals through August 21. The United States has authorised the production, delivery and sale of Iranian oil marking a significant sanctions relief measure as Washington and Tehran continue negotiations aimed at reaching…

Read More
WhatsApp gets Indian boss: Meta picks Cred founder Kunal Shah, pumps $900 million into his company too

WhatsApp gets Indian boss: Meta picks Cred founder Kunal Shah, pumps $900 million into his company too

Meta Platforms Inc is investing $900 million into Indian fintech startup Cred, and announced to appoint its founder, Kunal Shah, the new leader of WhatsApp. “Kunal built Cred into one of India’s most important technology companies, and he brings the kind of builder mentality and global perspective that will serve him well in running the…

Read More