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SpaceX strikes deal with Cursor for $60 bn

Financial Express Hyderabad

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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.

- April 22

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”

MÁS HISTORIAS DE Financial Express Hyderabad

Financial Express Hyderabad

‘Co-creation is an important focus area for us

A surge in fossil fuel prices following the war in Iran has begun to worry garment manufacturers, raising the prospect of higher production costs for global fast-fashion retailers such as H&M.

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3 mins

May 01, 2026

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.

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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.

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1 min

May 01, 2026

Financial Express Hyderabad

Brent nears $120 as war drags on

ON A SLIPPERY GROUND

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May 01, 2026

Financial Express Hyderabad

Sugar output rises 7% so far in 2025-26

INDIA'S SUGAR PRODUCTION rose 7.32% to 27.52 million tonne (MT) so far in the 2025-26 marketing season, driven by higher output in Maharashtra and Karnataka, industry body ISMA said on Thursday.

time to read

1 min

May 01, 2026

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:

time to read

2 mins

May 01, 2026

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.

time to read

1 mins

May 01, 2026

Financial Express Hyderabad

Metro saturation pushes q-comm into tougher growth markets

EYEING DEEPER PRESENCE

time to read

1 mins

May 01, 2026

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.

time to read

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.

time to read

1 min

May 01, 2026

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