SpaceX IPO May Make Elon Musk a Trillionaire: Reports
Elon Musk's SpaceX has reportedly filed for an IPO, potentially making him the world's first trillionaire as the space exploration company goes public in 2026.
Category : Business
Asian Markets Fall After Trump Gives No War End Timeline
Asian stock indices declined sharply as former US President Donald Trump failed to provide a clear timeline for ending ongoing conflicts, sparking investor uncertainty and market pessimism.
Air India, IndiGo Run 64 Flights in West Asia Airspace
Air India and IndiGo are operating 64 flights today to navigate West Asia airspace challenges, ensuring connectivity for passengers amid regional tensions.
GST Collections Hit Rs 2 Lakh Crore in March with 8.8% Growth
India's GST collections rose 8.8% in March to exceed Rs 2 lakh crore for the first time since rate cuts in September. Domestic collections grew 6% while import-based collections surged 18%.
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Oracle Cuts Thousands of Jobs to Fund AI Infrastructure Build-Out
Oracle has begun notifying its 162,000 employees of significant layoffs as part of its FY26 Restructuring Plan, aiming to free up cash for aggressive AI data center investments. The move reflects broader industry trends with hyperscalers committing billio
Lloyds Metals Acquires Congo's CHEMAF, Boosting US-India Mineral Supply
Lloyds Metals and Energy Limited from Gadchiroli acquires CHEMAF Group in Congo, securing a non-Chinese cobalt and copper source. The $250M deal with US partner Virtus Mineral Group strengthens strategic mineral supply for defense and EVs.
RBI Bans Non-Deliverable Rupee Derivatives to Curb Speculation
The Reserve Bank of India has issued strict curbs on rupee-linked derivatives, banning non-deliverable contracts and tightening hedging rules to reduce volatility and control currency markets amid geopolitical pressures.
Health Insurance Portability: The Hidden Complexities
Health insurance portability was designed to allow policyholders to switch insurers without losing continuity benefits. However, medical screening, benefit transfer limits, and post-claim disputes often turn this process into a fraught exercise, revealing
Domestic Airfares Spared Hike, International Tickets to Rise
Domestic air travelers avoid steep fare hikes as government caps ATF price increase at 25%, but international tickets for western destinations may rise further due to longer routes and doubled fuel costs.
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Nagpur Hotels Hit by LPG Shortage Despite Govt Supply Boost
Nagpur's hospitality sector struggles with acute LPG shortages despite a state government announcement of a 20% increase in commercial supply, as unclear directives delay distribution.
Kochi Agency Airlifts 15 Bodies in Record Day, Cites Airline Issues
Sreejith K H's 'On Time' cadaver transport agency in Kochi handled 15 bodies in one day, a record for his 15-year firm. He faced challenges as most airlines demanded extra police clearance, forcing reliance on IndiGo.
Indore Tops 73K EV Registrations as Oil Prices Surge
Indore has become Madhya Pradesh's electric vehicle hub with over 73,000 registrations, driven by rising oil costs and charging infrastructure expansion, despite RTO revenue challenges.
Oil India Hits Record Crude Output in Rajasthan Desert
Oil India Limited has achieved its highest-ever crude oil production from Rajasthan's Thar Desert, with output surging 70% to 1,202 barrels per day through advanced thermal recovery technology.
Surat Textile Unit Fire: Six-Hour Battle Prevents Disaster
A massive fire at Gopi Knitting Pvt Ltd in Surat's Sachin area required a six-hour firefighting operation involving 15 tenders. No casualties reported as factory was closed. Significant damage to fabric stock and structure occurred.
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Punjab Transport Workers Protest Labour Codes, Mark Black Day
Contract workers' unions of Punjab Roadways, PUNBUS, and PRTC observed a 'Black Day' in Ludhiana, protesting four labour codes they deem exploitative and anti-worker, threatening intensified agitations.
Jalandhar Black Day Protest Against Labour Codes, Privatisation
Trade unions and workers in Jalandhar observed a Black Day to protest against the new labour codes and privatisation policies, demanding better worker protections and job security.
FemoraAI from LPU Wins SheCohort 4.0 Top Prize
FemoraAI, a startup from Lovely Professional University, has secured the top prize at the government-backed SheCohort 4.0 program, highlighting innovation in women-led entrepreneurship.
SCR Achieves Highest Ever Revenue of Rs 21,212 Crore
South Central Railway reports a historic gross revenue of Rs 21,211.92 crore for FY 2025-26, marking a 3.12% increase from the previous year, driven by strong freight and passenger performance.
Surat Airport to Launch Duty-Free Shops in 4-5 Months
The Airports Authority of India has initiated the process to establish duty-free outlets at Surat International Airport, with operations expected to begin within four to five months, boosting the city's global connectivity.
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Cabot Sanmar $25M Investment for Fumed Silica Plant Expansion
Cabot Sanmar, a US-India joint venture, announces a $25 million investment to expand its fumed silica manufacturing capacity in Mettur, Tamil Nadu, targeting pharmaceuticals and chemical applications.
Tendercuts Expands Stores After Turnaround
Fresh meat brand Tendercuts announces expansion of 12 stores this year after achieving profitability post-acquisition by Good to GO, following a challenging 2022 period.
West Asia Conflict Drives 40-60% Surge in India's International Airfares
Escalating tensions in West Asia have triggered a sharp 40-60% surge in international airfares from India, disrupting travel plans and dampening demand ahead of the peak summer holiday season.
Gujarat Allows Solid Fuels for Industries Amid Supply Fears
The Gujarat Pollution Control Board permits industries to switch to cleaner solid fuels like biomass temporarily, ensuring production amid West Asia tensions while enforcing strict environmental compliance.
Gas Cylinder Price Hike Hits Bengaluru Hotels, Menu Prices Rise
Commercial gas cylinder price increases in Bengaluru have placed a heavy burden on hoteliers, leading many to raise food prices on their menus over recent weeks.
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Commercial Gas Cylinder Price Hike Hits Bengaluru Hoteliers
A recent price hike for commercial gas cylinders in Bengaluru has significantly increased operational costs for hoteliers, raising concerns about potential menu price adjustments and business sustainability.
Gujarat EV Sales Jump 75.5% on Tax Incentives, Fuel Worries
Gujarat's electric vehicle sales surged 75.5% year-on-year in March, with pure EVs more than doubling, as buyers rushed to beat expiring tax incentives amid fuel shortage concerns. The state has extended RTO-linked incentives until 2027.
Bengaluru Airport Gets Level 5 Customer Experience Accreditation
Kempegowda International Airport in Bengaluru has received the highest Level 5 accreditation from Airports Council International for its exceptional customer experience initiatives.
Bengaluru Rail Lines Get Safety Nod for Cantt-Baiyappanahalli Section
The third and fourth rail lines between Bengaluru Cantonment and Baiyappanahalli have received safety approval, featuring 17 bridges including major and minor structures to enhance connectivity.
US Flags Trade Barriers in India Pharma Market, Cites Ayushman
A US government report highlights significant trade barriers in India's pharmaceutical sector, including the exclusion of US drugs from the Ayushman Bharat scheme, impacting market access and pricing.
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Jet Fuel Price Up 8.5%, Commercial LPG Costlier by Rs 195
In a significant price revision, aviation turbine fuel (ATF) rates have surged by 8.5%, while commercial LPG prices have been hiked by Rs 195 per cylinder, impacting airlines and businesses.
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