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SpaceX strikes deal with Cursor for $60 bn
Financial Express Hyderabad
|April 23, 2026
SPACEX SAID IT has an agreement giving it the right to acquire artificial intelligence startup Cursor for $60 billion later this year or to pay $10 billion for the companies’ work together, part of the Elon Muskrun firm’s efforts to catch up with rivals in Al coding tools.
Musk’s rocket, satellite and artificial intelligence giant announced the deal in a post on X, saying the two companies are “now working closely together to create the world’s best coding and knowledge workAl”
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Financial Express Hyderabad
‘Co-creation is an important focus area for us
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Financial Express Hyderabad
PE-VC investments fall 19% in Q1 2026 to $13.1 billion
PRIVATE EQUITY AND venture capital (PE-VC) investments declined 19% year-on-year (yo-y) to $13.1 billion in the first quarter of 2026, compared with $16.2 billion in the same period last year, according to a report by EY-IVCA.
1 mins
May 01, 2026
Financial Express Hyderabad
NCLT to hear class action suit against Jindal Poly on May 7
THE SPECIAL BENCH of the National Company Law Tribunal (NCLT) on Thursday directed listing the class action lawsuit against Jindal Poly Films before the principal bench as such lawsuits can only be heard by the latter.
1 min
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Financial Express Hyderabad
Brent nears $120 as war drags on
ON A SLIPPERY GROUND
1 min
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Financial Express Hyderabad
Sugar output rises 7% so far in 2025-26
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1 min
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Financial Express Hyderabad
‘Transition towards green energy to progress steadily’
Hinduja Group is looking to invest $4 billion to expand its renewable energy capacity. In an interview, Deepak Thakur, managing director and CEO of Hinduja Renewables, speaks to Raghavendra Kamath about the company’s plans and the challenges in the renewable energy segment. Excerpts:
2 mins
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Financial Express Hyderabad
Apple: CCI is overstepping its authority
APPLE HAS ACCUSED the Competition Commission of India (CCI) of exceeding its powers by pushing the US tech company to submit its financials in an antitrust case related to the iPhone apps market, while Apple challenges the law governing penalties, documents show.
1 mins
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Financial Express Hyderabad
Metro saturation pushes q-comm into tougher growth markets
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Financial Express Hyderabad
Scaling AI-insulated jobs is the real challenge: CEA
ARTIFICIAL INTELLIGENCE'S (AI) impact on IT sector jobs is only a small part of India’s broader employment challenge, with the country needing to generate millions of jobs annually in sectors less exposed to automation, Chief Economic Adviser V Anantha Nageswaran said on Thursday.
1 min
May 01, 2026
Financial Express Hyderabad
Urea production improves in April after March dip
THE COUNTRY'S PRODUCTION of urea reached 2.1 million tonne (MT) in April, the same level as in the year-ago month after output dipped to 1.65 MT in March due to cut in LNG supplies amid West Asia conflict, a Fertiliser Ministry official said on Thursday.
1 min
May 01, 2026
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