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8th Pay Commission: Vehicle, festival, and natural disaster advances proposed
The Staff Side of the National Council (JCM) has proposed a set of new advances in salary for central government employees.
IPO-bound Razorpay set to file confidential draft papers next week
Razorpay, a leading fintech company based in Bengaluru, is reportedly gearing up for its Initial Public Offering (IPO).
SpaceX shares jump 19% on debut after record $75B IPO
Elon Musk's aerospace company, SpaceX, has made history with its record-breaking $75 billion initial public offering (IPO).
EU moves to tighten carbon emissions fee on imports
The European Union (EU) has decided to make it more difficult to suspend its carbon emissions fee on imports.
Retail investors snap up $453 million in SpaceX IPO day 1
SpaceX's IPO saw overwhelming demand, with many retail investors receiving fewer shares than requested despite the company's sizable 30% retail allocation.
Yes Securities says India could reach $1 trillion goods exports
India's new wave of Free Trade Agreements, coupled with PLI schemes and "China+1" diversification, positions the nation to achieve $1 trillion in merchandise exports by 2030.
Beyond Elon Musk: Who else gained from the SpaceX IPO?
SpaceX's debut on the stock market has triggered a major wealth creation event in American business history.
Indian companies hold 18.7L/cr cash in fiscal 2026, up 12%
India Inc's cash pile surpassed $200 billion in FY26, driven by cautious spending and reduced dividends amid geopolitical uncertainties and a sluggish demand environment.
Meta's AI team on the brink of a revolt
Meta's Applied AI team, a group of some 6,500 engineers and product managers, is reportedly on the brink of a revolt, according to WIRED.
Google will appeal a German court ruling on AI overviews
Google has announced its decision to appeal a German court ruling that held the tech giant legally responsible for false claims generated by its AI Overviews.
UN adopts historic convention to protect gig economy workers
The United Nations' International Labour Organization (ILO) has adopted a historic convention to protect gig economy workers.
Does Nestle's MAGGI noodles have an infestation issue?
Nestle India has refuted allegations of infestation in its popular MAGGI noodles.
SpaceX president hints at possible merger with Tesla
SpaceX President and COO Gwynne Shotwell has hinted at the possibility of a merger with Tesla.
Emirates will stream FIFA World Cup matches on most flights
Emirates will broadcast all FIFA World Cup 2026 matches live onboard via Sport 24, starting with the opening ceremony on June 11 and concluding with the final on July 19.
SpaceX IPO at $135 makes over 4,400 millionaires, tops $2T
SpaceX's historic IPO turned over 4,400 employees, including welders and cafeteria staff, into millionaires overnight, showcasing the transformative power of equity-based rewards.
Robinhood sees record traffic after SpaceX's historic market debut
Robinhood, the popular trading platform, has reported "record-breaking" traffic on its services on Friday, June 12, 2026.
India can repay 94% foreign debt in a day: Fadnavis
Maharashtra Chief Minister Devendra Fadnavis has dismissed fears of an economic slowdown in India.
AI start-up Mistral wants to raise $3.5B at $23.15B valuation
French artificial intelligence (AI) start-up Mistral is said to be in early-stage talks to raise around €3 billion ($3.5 billion).
Musk is now worth more than next 4 billionaires combined
Elon Musk's net worth has crossed the $1 trillion mark for the first time, thanks to SpaceX's successful stock market debut.
US markets gain amid oil drop and U.S.-Iran peace talks
Wall Street's major indexes rose 0.7% this week, driven by falling oil prices, geopolitical optimism, and SpaceX's blockbuster debut reaching a $2.1 trillion valuation.
Musk is now a trillionaire: What can $1 trillion buy?
Elon Musk, the man behind SpaceX, has become the world's first trillionaire.
India's ₹3.31L/cr microfinance vulnerable to El Nino, West Asia tensions
India's ₹3.31-lakh-crore microfinance sector faces fresh credit risks from below-normal monsoon predictions and geopolitical tensions impacting rural livelihoods.
EU tightens rules to limit pausing carbon import fee
EU economy ministers have agreed to limit conditions for suspending the bloc's carbon emissions fee on imports, aiming to enhance investment certainty in low-carbon industries.
Vedanta launches $3.6bn bond buyback offer until June 23
Vedanta Resources' $3.6 billion bond buyback faces challenges as bonds trade above par, requiring a $250-300 million premium to incentivize investors to tender their holdings.
Zoho CEO Vembu urges India build AI after US ban
Zoho CEO Sridhar Vembu criticized Anthropic's suspension of Fable 5 and Mythos 5, urging India to prioritize indigenous AI development amid tightening global technology controls.
India's Sensex jumps 1,284 points snapping 2-week losing streak
Indian equity benchmarks rebounded this week as easing geopolitical tensions and softer crude oil prices lifted sentiment, while the rupee weakened slightly against the US dollar.
India's live entertainment market crossed ₹13,000cr, nearly ₹19,600cr by 2028
India's live entertainment market, valued at over Rs 13,000 crore, is evolving into a cultural movement as young consumers prioritize experiences over material possessions.
Japanese retail investors sought over $6.2B SpaceX IPO, received $2.2B
Japanese investors aimed to secure over $6.2 billion in SpaceX shares during its record-breaking $75 billion IPO, driven largely by retail demand.
Elon Musk's net worth hits $1.11 trillion after SpaceX IPO
Elon Musk's net worth soared to $1.11 trillion after SpaceX's record-breaking IPO, surpassing the combined fortunes of Larry Page, Sergey Brin, Jeff Bezos, and Larry Ellison.
NC-JCM seeks interest-free ₹10L car loan from Eighth Pay Commission
The 8th Pay Commission discussions highlight demands for new salary advances, including a ₹10 lakh interest-free car loan and festival bonus equal to one month's basic pay.
Zuckerberg: teams of 12 can advance AI despite $100 million offers
Mark Zuckerberg believes significant AI progress can be achieved with small, skilled teams, despite Meta's previous $100 million offers sparking a tech industry talent war.
Indian semiconductor startups seek policy support beyond ₹1,000 cr DLI
Indian semiconductor startups urge the government to provide procurement preferences and stronger market access to boost domestic chip adoption and industry growth.
Tata Sons reports strong FY2026 profit after Tata Capital IPO
Tata Sons achieved high-teens profit growth in FY26 despite reduced dividend income, bolstered by proceeds from Tata Capital's IPO and strategic financial measures.
Elon Musk holds 46.4% of SpaceX, 6.07 billion shares
Elon Musk controls 46.4% of SpaceX, leaving the rest divided among institutional investors, venture capital firms, and key individuals like Valor Management and Luke Nosek.
Palantir loses Zurich court fight over Republik rebuttal demands
Palantir lost 22 of 23 claims in a Zurich court, failing to compel Swiss magazine Republik to publish detailed rebuttals to articles about its struggles in Switzerland.
DOJ clears $111 billion Paramount Skydance Warner Bros. Discovery merger
The Trump administration's Justice Department approved the $111bn merger of Paramount Skydance and Warner Bros Discovery, despite widespread competition concerns.
SpaceX IPO priced $135, surges 19% to $2.2 trillion valuation
SpaceX shares surged 19% on their first trading day, following a historic $75 billion IPO that positioned the company as the sixth-most valuable public firm globally.
SpaceX pre-IPO buzz draws $100B+ orders, crypto and ETF inflows
Retail investors are driving unprecedented demand for SpaceX exposure, fueling activity across ETFs, alternative trading venues, and crypto markets in a speculative frenzy.
US stocks rise on optimism about possible U.S.-Iran peace deal
U.S. stocks closed higher as optimism grew over a potential Iran-U.S. peace deal, while SpaceX's record-breaking IPO debut valued the company at over $2 trillion.
China's May loan growth slows despite better than expected financing
China's credit expansion slowed in May, with aggregate financing rising ¥2.03 trillion, over 11% weaker than last year, as subdued private demand hindered lending growth.
SpaceX raises $75B in IPO selling about 5% at $135
SpaceX's $75 billion IPO includes a greenshoe option, allowing underwriters to stabilize stock prices and potentially raise an extra $11.2 billion if demand remains strong.
ED arrests Reliance Telecom directors Seth, Doshi in 114.98cr fraud
The Enforcement Directorate arrested two ex-Reliance Telecom directors in Mumbai under PMLA, linked to a Rs 114.98 crore SBI loan fraud case investigated by the CBI.
SpaceX targets $28.5 trillion AI robots and self-driving car market
SpaceX COO Gwynne Shotwell highlights humanoid robots and autonomous vehicles as key drivers of the $28.5 trillion market, leveraging AI computing and Starlink connectivity.
Musk becomes world's 1st trillionaire
SpaceX stock surged over 22% at the opening bell of its historic public debut to trade at $165 as of this writing.
Japanese investors pour $2.2B into SpaceX IPO
SpaceX, the aerospace giant led by Elon Musk, has raised a whopping $2.2 billion from Japanese investors as part of its historic global initial public offering (IPO).
Google, Meta invest $300M to train workers for AI boom
In a major development, tech giants Google and Meta have announced massive investments in skilled trades training.
India's retail inflation rises to 3.93%, highest in 5 months
India's retail inflation has jumped to 3.93% in May, up from 3.48% in April.
Cognizant to exit NASDAQ-100 after 20 years
Cognizant, a leading IT services provider, is set to be removed from the NASDAQ-100 Index.
Spinny plans $300 million IPO
Indian used-car platform Spinny is gearing up for an initial public offering (IPO) to raise between $250 million and $300 million.
India may widen fiscal deficit as US-Iran war strains finances
India is likely to allow a larger budget deficit this year, according to Bloomberg.
Trade ties key to India's $30 trillion goal: Piyush Goyal
Piyush Goyal, Union Minister of Commerce and Industry, has said that India must strengthen its international trade relations to achieve the ambitious goal of becoming a $30 trillion economy by 2047.
Sensex closes 1,700 points higher: What drove today's rally?
The Indian stock market witnessed a massive surge on Friday, with the Sensex and Nifty gaining 2% each.
Centre waives customs duties on nuclear power equipment imports
The Indian government has announced a retrospective waiver of customs duties on certain nuclear power generation equipment imported between April 1, 2019 and January 31, 2026.
India's AI data center market may hit $280B by 2035
India's data center industry is set for unprecedented growth, with the artificial intelligence (AI) boom projected to create a $280-billion ecosystem opportunity by 2035.
Oil prices hit 2-month low on hopes of US-Iran deal
Oil prices have plummeted to a two-month low, following US President Donald Trump's announcement of a potential peace deal with Iran.
US wholesale inflation hits 6.5%, highest since 2022
US wholesale inflation has surged to its highest level since November 2022, mainly due to rising energy costs amid the ongoing Iran war.
India to remain fastest-growing major economy in FY27: World Bank
India is set to remain the world's fastest-growing major economy, with a growth rate of 6.6% in the fiscal year 2026-27, a sharp decline from last year's 7.7%, according to a World Bank report.
India hikes cancer drug prices by 50% amid shortages
India's National Pharmaceutical Pricing Authority (NPPA) has approved a 50% price hike for two critical anti-cancer drugs - carboplatin and cisplatin.
Jeff Bezos's AI start-up raises $12B at $41B valuation
Prometheus, a physical artificial intelligence (AI) start-up co-founded by Jeff Bezos and Vik Bajaj, has raised $12 billion in its second funding round.
Musk set to become world's 1st trillionaire after SpaceX IPO
Elon Musk, the tech mogul behind Tesla and SpaceX, is on the verge of becoming the world's first trillionaire.
Sensex gains nearly 1,000 points amid US-Iran peace hopes
India's benchmark indices witnessed a major surge in early trade on Friday. The BSE Sensex soared by nearly 1,000 points while the NSE Nifty 50 breached the 23,450 mark.
ECB raises interest rates for first time since 2023
The European Central Bank (ECB) has raised its benchmark interest rate by a quarter point to 2.25%.
South Korea's Kospi index surges 8% on US-Iran peace hopes
South Korea's benchmark Kospi Index has witnessed a massive surge of 8% in early trading today.
Gold, silver prices jump up to 4%
Gold and silver prices surged on Friday, driven by persistent inflation and ongoing global tensions.