Trade will be on the agenda when Prime Minister Narendra Modi meets US President Donald Trump at next week’s G7 summit in France, but an India-US trade agreement is not expected to be finalised during the gathering, a senior US administration official said on Saturday, Reuters reported.The official said US Trade Representative Jamieson Greer will…
South Korea’s artificial intelligence-led semiconductor boom has yet to generate a meaningful spillover into the broader economy, even as concerns over the won and financial stability are increasing the likelihood of a Bank of Korea (BOK) rate hike next month, Nomura’s senior economist said.Speaking at Nomura’s Korea Equities & Economy Media Briefing in Seoul, Park…
Why are these 3Fs so important? How do they add to pressure on India’s growth story? We decode: (AI image) Fuel, fertilisers, and forex – the 3Fs that India is focusing on. But why? The US-Iran war has put the global economy at risk, and India is not immune. In fact, in the current context…
SpaceX‘s blockbuster stock market debut may have made Elon Musk the world’s first trillionaire, but the rocket company is only one part of a sprawling business empire that stretches from electric vehicles and artificial intelligence to brain implants and underground transport systems.Over the years, several of Musk’s ventures have become increasingly interconnected. Earlier this year,…
Investors gave SpaceX a blockbuster welcome on its stock market debut, sending the company’s valuation above $2 trillion and cementing its place among the world’s most valuable listed firms.After raising $75 billion in the biggest initial public offering ever, SpaceX began trading under the ticker SPCX at $150, an 11% premium to its IPO price…
US investment groups are racing to capitalise on the reopening of Venezuela’s oil sector, targeting underinvested oilfields and launching new investment vehicles after US President Donald Trump’s January call for companies to invest $100 billion to help rebuild the country’s energy industry, the Financial Times reported.Among the early movers is Miami-based Lionheart Capital, which has…
Representative image (AI-generated) When most people hear the word ‘trillion’, it is difficult to grasp just how large that number really is.A million sounds huge. A billion sounds almost unimaginable. But a trillion is an entirely different scale.The question has taken centre stage after Elon Musk became the world’s first trillionaire, a milestone driven by…
Veteran banker Uday Kotak reacted to SpaceX’s blockbuster Wall Street debut, saying that the company’s massive valuation does not fit traditional ways of valuing businesses.In a post on X, Kotak wrote, “SpaceX IPO, listing, and beyond, is a true test for capitalism. The valuation does not fit any traditional matrix and is a huge bet…
The carrier is also reevaluating plans to fly to new domestic and international destinations, pruning some routes and postponing launches at some airports, such as the new Noida International Airport, the people familiar with the matter said. Air India’s cowed ambitions follow a series of challenges that have pushed it deep into the red. Air…
A ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has underscored the importance of understanding tax deduction at source (TDS) obligations when purchasing property.The case involved a Mumbai resident, who had jointly purchased a residential flat in the tony area of Haji Ali, worth Rs 1.9 crore with her husband. She…