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…
MUMBAI: For years, Kunal Shah has built companies around a simple question: What makes people change their behaviour?In 2010, when he founded FreeCharge, it was the dull act of mobile recharges. In 2018, when he founded Cred, it was the monthly ritual of paying credit card bills. Now, Shah is headed to one of the…
PFRDA Pension Sahayak’ platform brings together multiple pension service touchpoints into a single digital ecosystem and is designed to improve grievance handling, accessibility and accountability, In a move aimed at making pension services more accessible and citizen-friendly, pension sector regulator PFRDA has launched an AI-enabled grievance redressal platform that allows subscribers to lodge complaints through…
India is particularly focused on securing tariff terms that would place its exporters in a stronger position than competitors in the region. (AI image) India-US trade deal: With US Trade Representative Jamieson Greer travelling to India for talks, India is looking to score a competitive advantage over regional peers for the trade deal. The United…
How crude price crash could turn the tide for India’s state-owned oil giants Profitability at state-run oil marketing companies (OMCs) is expected to improve as declining crude oil prices boost fuel marketing margins, although rising debt levels and uncertainty over future fuel taxes could weigh on the sector’s longer-term earnings outlook, according to a JP…
According to the RBI’s monthly bulletin released on Monday, the central bank purchased $16.225 billion and sold $25.169 billion in the spot market during April, resulting in a net sale of $8.944 billion. The Reserve Bank of India (RBI) was a net seller of $8.944 billion in the spot foreign exchange market in April, marking…
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…
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…
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…
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,…
