Category: Business

People monitoring stock prices on their phones as SpaceX shares began trading Friday.
Posted in Business

SpaceX’s retail-powered debut helps steady shaky markets

For the first time in weeks, investors had jitters. About the war in the Middle East. About the runaway chip rally. About higher interest rates….

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The US government's directive came at a time when Anthropic has confidentially filed for an IPO. (Reuters)
Posted in Business

Supply chain risk to ‘jailbreak’ fears: The US-Anthropic feud before Claude’s top AI models were pulled

Open claude.ai and it reads, “Claude Fable 5 is currently unavailable.” Click on ‘Know More’ and the website redirects to its maker Anthropic’s statement explaining…

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The AI Price War Is Here, Piling Pressure on OpenAI and Anthropic
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The AI Price War Is Here, Piling Pressure on OpenAI and Anthropic

The AI price war has begun. The AI Price War Is Here, Piling Pressure on OpenAI and Anthropic Big companies and startups, chafing at rapidly…

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stock markets closed in green. (Representational image)
Posted in Business

Why Sensex today suddenly shoot up by nearly 1,700 points? Explained

Sensex and Nifty surged on Friday, ending the week on a strong note after reports of a possible US-Iran peace agreement raised hopes of easing…

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Can Mr Schumacher revitalise Barry Callebaut? (Reuters)
Posted in Business

Another new boss aims to fix the world’s biggest chocolate-maker

ITS products tempt you from supermarket shelves everywhere, but you may not know its name. Formed 30 years ago when Klaus Jacobs, a German-born billionaire,…

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MCX gold climbed above  ₹1.50 lakh per 10 grams on Friday. (REUTERS)
Posted in Business

Gold price today: Check Delhi, Mumbai, Bengaluru, Chennai gold rates

Gold prices traded higher in early deals on Friday. The gains came after US President Donald Trump claimed that the conflict involving Iran was “settled,…

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At $135, SpaceX’s $1.77 trillion valuation — about $1.8 trillion on a fully diluted basis — ranks it among the 10 most valuable public companies in the world. (REUTERS)
Posted in Business

2.5 times more than Saudi’s Aramco: How big is SpaceX’s $75 billion IPO?

SpaceX priced the largest initial public offering in history on Thursday, selling 555.6 million shares at $135 each to raise $75 billion and valuing Elon…

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In a strategic move to attract Foreign Institutional Investors (FIIs), the Indian Government has announced tax exemptions on investments in Government securities (G-secs).
Posted in Business

Government announces tax exemption for FII investments in G-secs: All you need to know

In the last few months, the Indian Rupee has been hitting new lows regularly. Yields on the Government securities (G-secs) have been climbing. Foreign Institutional…

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Union petroleum minister Hardeep Singh Puri fills E85 fuel in a car in New Delhi. (ANI)
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Excise relief for higher ethanol petrol blends

The government has exempted excise duty on up to 30% ethanol component in blended petrol, which, according to experts, will proportionately reduce India’s energy imports…

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Elon Musk's SpaceX is seeking $75 billion in fresh funding as it prepares for what could become the largest IPO in history. (AFP)
Posted in Business

Will SpaceX’s IPO fund life on Mars, and a trillionaire?

SpaceX is launching history’s biggest public listing, propelling Elon Musk‘s wealth into the stratosphere. DW explores whether the firm’s out-of-this-world ambitions are truly cosmic or…

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