SpaceX is set for a rare and historic Wall Street debut, raising $75 billion in what could become the largest IPO ever. The listing is expected to value Elon Musk’s rocket and satellite company at nearly $1.8 trillion.The listing marks a new chapter for the company that began more than two decades ago with ambitions…
Top stocks to buy today (AI image) Stock market recommendations: HDFC Bank, and NBCC are the stocks that Bajaj Broking Research recommends buying on June 12, 2026. The brokerage also shares views on Nifty and Bank Nifty:HDFC BankBuy in the range of ₹ 730-750 Target Return Stoploss Time Period ₹ 820 11% 690 6 Months…
Data released during the week showed that US producer prices rose more than anticipated in May, resulting in the strongest annual increase in three-and-a-half years. Higher energy costs linked to the conflict in the Middle East contributed significantly to the rise. According to CME Group’s FedWatch Tool, traders are currently assigning a 60% probability to…
NEW DELHI: The Centre has exempted petrol blended with higher levels of ethanol from excise duty as it seeks to make fuel beyond E20 more attractive for consumers and push voluntary use.The Central Board of Indirect Taxes and Customs (CBIC) issued notifications on Wednesday, exempting ethanol blended petrol (EBP) grades E22, E25, E27 and E30,…
Strong domestic travel has again saved the day for Indian hospitality, although the West Asia war has impacted inbound traffic to the country, like many others globally.“Over 40% of people flying to India (and other parts of Asia from the west) do so via the Middle East (West Asia). That has slowed down inbound. The…
CHENNAI: Home services startup Pronto’s admission recently that it was piloting in-home video recordings to train physical AI systems shines light on a fast-growing and loosely regulated industry of AI data capture and labelling for the global robotics supply chain.Pronto is not alone. Startups such as Human Archive, Humyn Labs, Egolab AI and Neocambrian are…
MUMBAI: Pine Labs has launched India’s first agent-to-agent payment capability, enabling autonomous transactions through artificial intelligence by extending UPI’s standing mandate framework to machines.The company on Thursday introduced the Pine Labs Payment Protocol (P3P), allowing users to authorise a onetime mandate that can be delegated to an AI agent, which can then independently decide when…
Union Minister of Commerce & Industry Piyush Goyal and EY (Ernst & Young) Global Chair and CEO Janet Truncale during a meeting to exchange views on India’s consistently growing role in global supply chains. BENGALURU: Janet Truncale, global chair and CEO of EY, said the professional services firm’s India operations are increasingly becoming central to…
NEW DELHI: A fresh round of price hikes by FMCG companies is set to make everyday essentials costlier for consumers soon. The latest increases across categories, from soaps and detergents to toothpaste and edible oils, in the range of 4-11%, come weeks after the fuel price revision in mid-May, industry experts told TOI.Leading consumer goods…
MUMBAI: Credit growth surged to a high even as deposits shrank in the first two months of FY27, widening the funding gap and pushing banks deeper into a liquidity squeeze, with the wedge between loans and deposits reaching about Rs 3.8 lakh crore by May 31.Credit growth stood at 17.7% for the fortnight ending May…
There is new money, old money, and then the kind of money that could make someone the world’s first trillionaire!With SpaceX set to make its long-awaited Wall Street debut on Friday in what is expected to be the biggest IPO in history, that possibility may no longer seem far-fetched. If the listing goes as planned,…
Commerce and industry minister Piyush Goyal on Thursday said countries around the world are increasingly protecting their domestic industries, including in sectors such as steel, but India continues to navigate global trade challenges through dialogue, cooperation and trade partnerships.Speaking at the India Global Innovation Connect, he said such measures are part of global trade realities…
India’s agriculture sector has undergone a significant transformation over the past 12 years, driven by higher public investment, record foodgrain production, expanded irrigation, improved access to credit and a stronger safety net for farmers, according to a government paper released this month.The report, titled Empowering India’s Annadatas, outlines how agricultural policy has evolved from a…
US stock markets traded higher on Thursday, with technology and artificial intelligence (AI)-linked stocks rebounding after a volatile week, while investors continued to monitor rising geopolitical tensions in the Middle East, inflation concerns and global interest rate expectations.The benchmark S&P 500 rose 0.5% in morning trade, recovering some of the losses recorded over the previous…
There is new money, old money, and then the kind of money that could make someone the world’s first trillionaire!With SpaceX set to make its long-awaited Wall Street debut on Friday in what is expected to be the biggest IPO in history, that possibility may no longer seem far-fetched. If the listing goes as planned,…
Equity benchmarks ended lower on Thursday as weak global cues, rising crude oil prices, geopolitical tensions in the Middle East and sustained selling in IT stocks weighed on investor sentiment.The session saw heightened volatility, with both indices swinging between losses and recovery before closing in negative territory.The BSE Sensex ended 150.63 points, or 0.20%, lower…
India has exported its first consignment of Geographical Indication (GI)-tagged Tezpur litchi from Assam to Dubai, marking a milestone in efforts to expand overseas markets for agricultural products from the Northeast, according to the commerce ministry.The one-metric-tonne consignment, exported on June 7, was facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA).The…
One important change is that the earlier Contract Labour law has now been subsumed into the Occupational Safety, Health and Working Conditions Code, 2020. (AI image) India’s labour market has long relied on people who work through contractors – across factories, offices, logistics hubs, and service roles. Over the years, the legal framework governing contract…
As the world continues to feel the heat of the ongoing crisis in the Middle East, India’s refiners have swiftly secured enough crude oil and LPG supplies to last till the upcoming weeks.According to sources cited by Reuters, Indian refiners have built up sufficient crude inventories to meet demand through at least August. On the…
India and UAE are also evaluating multiple storage arrangements, including commercial models. (AI image) India and the UAE are looking to expedite work on building 30 million barrels of strategic oil reserves. The move comes within weeks of PM Narendra Modi’s visit to UAE where MOUs for this were signed. India, the world’s third-largest consumer…
