Elon Musk loses trillionaire status World’s first trillionaire is no longer a trillionaire!SpaceX founder Elon Musk lost his trillionaire status after a sharp sell-off in Tesla and SpaceX shares pushed the world’s richest person back below the 13-figure mark. According to Bloomberg’s Billionaires Index, Musk’s net worth has fallen to $957 billion. This comes after…
Oil prices drop to the lowest since February on Iran supply hopes Crude oil prices extended their decline on Wednesday, falling to fresh four-month lows as signs of improving tanker movement through the Strait of Hormuz and expectations of increased Iranian exports eased concerns over supply disruptions, according to Reuters.Brent crude futures dropped $1.37, or…
India is turning to its overseas community to boost its foreign currency inflows, with banks expected to offer substantial leverage on special foreign-currency deposits. This comes after the Reserve Bank of India (RBI) cleared lenders to extend loans against such deposits.Earlier on Tuesday, the apex bank said that lenders can extend loans to overseas residents…
Gautam Adani said land has already been identified for the proposed nuclear venture, Adani Atomic Energy. At the Adani group’s annual general meeting (AGM), chairman Gautam Adani said that there are plans to develop 10 gigawatts (GW) of nuclear power capacity by 2035. He signalled the conglomerate’s entry into the nuclear energy sector as it…
Any acquisition would depend on ONGC obtaining a licence from US authorities permitting it to operate the two fields. (AI image) Oil and Natural Gas Corp (ONGC) is reportedely in discussions with Venezuela’s state-owned oil producer PDVSA to purchase either a portion or all of its holdings in two oilfields located in the South American…
MUMBAI: E-commerce arch-rivals Flipkart and Amazon are on an expansion spree of sorts-they are aggressively ramping up the count of fulfilment centres to gain market share in quick deliveries, a segment they have been late to enter, ceding most of the space to Eternal’s Blinkit, Swiggy’s Instamart and IPO-bound Zepto.As they play catch up in…
MUMBAI: Raymond, which has shed its apparel and real estate businesses through a series of demergers, is in talks to acquire Deharde, a German precision engineering company that supplies aerostructures to Airbus and others, people familiar with the matter said.If completed, the deal would mark Raymond’s first overseas acquisition since its 2024 restructuring and would…
Top stocks to buy today (AI image) Stock market recommendations: Eicher Motors Ltd, Torrent Power, and Bajaj Auto have been recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares as top stock picks to buy today on June 24, 2026:Eicher Motors Ltd: Breakout Above Ichimoku Resistance with Strong MomentumBuy: Rs 7,650–Rs 7,550…
Gold Rate Today: Will gold fall to $3,800? Deutsche Bank has lowered its outlook for gold prices by slightly more than 20%, cautioning that the metal could decline to $3,800 per ounce if financial markets begin factoring in three to four interest rate increases by the US Federal Reserve. The bank said the balance of…
BENGALURU: Infosys sees a $300-$400 billion opportunity in AI-led services by 2030 and believes the technology will amplify, rather than diminish, the role of IT services companies, chairman Nandan Nilekani said on Tuesday.“AI will not replace companies like ours. It will amplify those who move with purpose and adapt with speed,” Nilekani told shareholders at…
