SpaceX plans to offer shares at $200 bn valuation

Elon Musk's SpaceX has initiated discussions about selling existing shares at a price that could value the closely held company at roughly $200 billion, according to people familiar with the matter.

No sign of attack on Raisi's copter: Iran military

The helicopter carrying Iran's late President Ebrahim Raisi caught fire soon after it crashed into a mountain and there was no sign it was attacked, state media reported, citing the military's crash investigators.

Top UN court orders Israel to halt assault on Rafah

The top United Nations court ordered Israel on Friday to immediately halt its military operations in the southern Gaza city of Rafah. While Israel is unlikely to comply with any such order, it will ratchet up the pressure on the increasingly isolated country.

Stage set in Delhi as 58 seats go to polls in Phase VI

Anantnag, Puri, Sultanpur in focus; all 7 seats in Delhi, 10 in Haryana to vote

Eastern India's largest auto cluster seeks to emerge from Tata shadow

On the banks of Kharkai river, Adityapur, once boasting India's largest industrial area, now finds itself wrestling with the Herculean task of emerging from the towering shadow of the Tata group.

'Agnipath' for Jhajjar village: A legacy of service, a future in flux

Honouring 149 men who served under the British army during World War I, a humble plaque on an unassuming white wall in Jhajjar's Gochhi village stands as a testament to its deep-rooted military heritage.

Musical chairs, gen-next politicians look to shake up Punjab's poll fray

Chamkaur Singh, a farmer in Jalandhar, while harvesting wheat, notices a sapling of an out-of-place mango tree on one side of the field.

Royal scion faces a 'filmy' challenge in Gurgaon seat

Union minister Rao Inderjit Singh, who has represented the Gurgaon Lok Sabha seat since 2009, has challengers in Congress candidate Raj Babbar and Jannayak Janta Party's (JJP) Rahul Yadav, a singer-rapper popularly known by his village name 'Fazilpuria'.

SC won't order EC to publish booth-wise voter turnout data

Says 'hands-off approach' needed during polls

99.96% would pay no inheritance tax if bar set at 10 cr

World Inequality Lab says levying wealth tax of 2% on those with over 10 cr would generate 2.7% of GDP as tax revenues

ECB registrations increase 2x in FY24

Touch $49.2 bn from $26.6 bn in FY23

Govt considers easier regulations for CPSES' entry into 'Ratna' club

Ratna status allows CPSEs to conduct biz without hassle

WHEAT PROCUREMENT TOPS LAST YEAR'S

Madhya Pradesh sees big dip, buys only 33% of FY24 figure so far

Growth momentum to stay in Q1FY25 after strong FY24 showing

Flags rise in commodity prices due to geopolitical tensions RUCHIKA CHITRAVANSHI New Delhi, 24 May W ith strong growth surpassing market expectations in FY24, early indications suggest a continuation of the economic momentum in the first quarter of FY25, the monthly economic review for April 2024 by the Ministry of Finance said on Friday.

DoT identifies properties of BSNL, MTNL for 'outright sale'

The Department of Telecommunications (DOT) has identified surplus land parcels and buildings across India belonging to Bharat Sanchar Nigam Limited (BSNL) and those of Mahanagar Telephone Nigam Limited (MTNL) in Delhi and Mumbai for outright sale to government departments, public sector undertakings, and government organisations.

Biocon signs licensing, supply deal for obesity drug in S Korea

Bengaluru-based Biocon has announced an exclusive licensing and supply agreement with Handok to commercialise the South Korean company's obesity drug Synthetic Liraglutide in that country.

NCLAT defers hearing on Google's Play Store billing policy to July 5

Insolvency appellate tribunal NCLAT on Friday deferred hearing to July 5 on the petitions filed against tech giant Google over its Play Store billing policy.

Tata Power seeks up to $1 bn loan

Power generation firm Tata Power Co is planning to raise as much as $1 billion-equivalent for clean energy projects, in what could be the country's largest local currency loan this year.

Software woes hit AI Express as flight cancellations resume

Air India Express has been facing challenges in stabilising its operations this month.

NCLAT upholds Suraksha's bid to acquire Jaypee

The National Company Law Appellate Tribunal (NCLAT) on Friday upheld Suraksha Realty's bid to acquire debt-ridden Jaypee Infratech but asked it to pay an additional around ₹1,300 crore as farmers' compensation.

GenAI adoption won't lead to job losses at Infosys: CEO

Parekh says the firm sees technology as avenue for conditions and the pace of digital expansion rather than a tool to reduce workforce ABHIJEET KUMAR New Delhi, 24 May Generative AI (GenAI) would not result in job losses at Infosys and the company had no plans for job cuts, such as rightsizing or downsizing due to the adoption of GenAI, Infosys Chief Executive Officer (CEO) Salil Parekh said in an interview.

Ashok Leyland drives in ₹934 cr profit, up 17%

Net profit for FY24 jumped 97%

'On the path to carbon neutrality, six EVs to come in next four years

British luxury brand Jaguar Land Rover, a Tata Motors arm, is set to bring six new electric vehicles (EVS) to India by 2030. RAJAN AMBA, managing director, JLR India, tells Sohini Das in an interview in Mumbai that there is still demand for ICE (internal combustion engine) vehicles but consumers are committed to the battery electric vehicle (BEV). Edited excerpts.

Data centres in India may drive 10 mn sq ft real estate demand

The data centre industry in India is set for expansion, requiring an additional 10 million square feet of real estate space and attracting investments totalling $5.7 billion, according to report released on Friday by real estate consultancy JLL.

Hindalco net jumps 32% on improved margins

Sequentially, the firm's profit grew 36.2% and revenue 6%

Jio Fin arm plans ₹36K cr deal with Reliance Retail

Jio FINANC SERVICES WHAT'S THE DEAL Jio Financial unit Jio Leasing Services to buy telecom equipment and devices, including routers and cell phones To rent out the equipment it buys to customers of Reliance Jio Infocomm Jio Financial seeking shareholders' approval for transactions to be Var and VOC ABHIJIT LELE Mumbai, 24 May Mukesh Ambani's Jio Financial Services (JFS) is set to seek shareholders' approval for its leasing subsidiary to acquire telecom equipment and devices worth 36,000 crore ($4.33 billion) from Reliance Retail.

IndiGo taps premium as economy fare slips, biz class zooms

The average economy class fare on India's most frequented domestic routes has seen a sharp decline over the past year, while that of business class has surged, according to recent data.

Rupee strengthens 18 p to close at 2-mnth high

The Indian rupee appreciated sharply on Friday to a two-month high against the US dollar on the back of foreign inflows into domestic equities, said currency dealers.

Google adds $350 mn Flipkart bet to cart

Fundraise to help e-com major, which is eyeing $60 bn valuation at the time of IPO

'India-made' Range Rover flagship hits the road

Talks of high demand, lower prices, less wait