SEPC Ltd has received a Letter of Acceptance (LoA) from Steel Authority of India Ltd (SAIL) – IISCO Steel Plant (ISP), Burnpur, for works related to the 4.08 MTPA crude steel expansion project, according to an exchange filing. The order comprises two packages: the Coke Oven Balance of Plant (excluding civil and structural works) valued…
State-run oil and gas producer Oil and Natural Gas Corporation Ltd (ONGC) on Friday (June 12) said its subsidiary ONGC Petro additions Ltd (OPaL) has approved a proposal to raise up to ₹4,471 crore through the private placement of non-convertible debentures (NCDs). The proposal involves raising funds through private placement of secured or unsecured, redeemable…
US stock markets opened with modest gains on Friday as investors closely monitored the highly anticipated stock market debut of SpaceX and reports suggesting progress in diplomatic talks between the United States and Iran. The Dow Jones Industrial Average rose 0.6% shortly after trading began, while the benchmark S&P 500 gained 0.2%. The technology-heavy Nasdaq…
Mumbai-based Ipca Laboratories and Bhami’s Research Laboratory (BRL) have entered into a definitive global licensing agreement that grants Ipca access to BRL’s proprietary high-concentration subcutaneous biologics delivery platform. The collaboration will focus on the development and commercialisation of multiple monoclonal antibody products targeting oncology and inflammatory diseases. Under the agreement, BRL will undertake proof-of-concept and…
SpaceX’s long-term growth opportunity extends far beyond today’s artificial intelligence applications, with humanoid robots and fully autonomous vehicles likely to drive demand for computing power and communications on a massive scale, President and Chief Operating Officer Gwynne Shotwell said on Friday. Speaking exclusively to CNBC following the company’s market debut, Shotwell outlined how emerging AI-powered…
Market veterans Sunil Singhania, Founder of Abakkus Asset Manager LLP, Sandeep Tandon, CIO of Quant Mutual Fund, and Sailesh Bhan, President and CIO, Equity Investments at Nippon India Mutual Fund in discussion during a special session “Finding Alpha in a Crowded Market” at ET NOW Markets Summit 2026. India’s equity markets may have emerged from…
Electric two-wheeler maker Ather Energy Ltd on Friday (June 12) said it has approved a proposal to raise up to ₹2,500 crore through multiple routes, including a qualified institutions placement (QIP), rights issue, preferential issue and issuance of foreign currency convertible bonds (FCCBs). The fundraising proposal comprises a QIP of equity shares of up to…
SpaceX is positioning itself as an infrastructure company that spans launch services, satellite communications and artificial intelligence computing, with plans to build data centres both on Earth and eventually in orbit, President and Chief Operating Officer Gwynne Shotwell said on Friday. Speaking exclusively to CNBC after SpaceX’s blockbuster Nasdaq debut, Shotwell said investors should view…
Vanguard Group has overtaken BlackRock Inc. as the largest exchange-traded fund issuer, a seismic shift at the top of the $15.2 trillion US industry. The Valley Forge, Pennsylvania-based firm now manages roughly $4.39 trillion across its 116 US-listed ETFs, more than any other asset manager, according to data compiled by Bloomberg. Inflows of $13 billion…
With an estimated $2.19 trillion valuation on its debut on the Wall Street, Elon Musk’s SpaceX has surged into the top tier of global companies and ra…Read More (Photo Credit : An NVIDIA logo appears in this illustration taken August 25, 2025. (Reuters photo)) 1/7 NVIDIA | Jensen Huang’s firm leads the global AI revolution…
