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OpenAI becomes the world’s most valued startup, surpassing SpaceX

Business Standard

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October 03, 2025

OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX to become the world’s largest startup.

- SHIRIN GHAFFARY

Current and former OpenAI employees sold about $6.6 billion of stock to investors including Thrive Capital, Soft-Bank Group Corp, Dragoneer Investment Group, Abu Dhabi’s MGX and T Rowe Price, a person familiar with the transaction said. That boosted the US firm’s pricetag well past its previous $300 billion level during a SoftBank-led financing round earlier this year.

Business Standard'den DAHA FAZLA HİKAYE

Business Standard

EM index notches longest monthly winning streak in over two decades

Driven by Chinese stocks, the index gains for 9th straight month in September, while India lags behind

time to read

2 mins

October 03, 2025

Business Standard

India's US crude oil, LNG imports slump in Aug, Sept...

Shipments of crude oil from the US to India dropped by an average of 40 per cent in August and September-coinciding with US President Donald Trump ratcheting up pressure on India-from July levels.

time to read

3 mins

October 03, 2025

Business Standard

... but purchases rise amid trade talks, diversification push

Crude oil shipments loaded in the US for India delivery have jumped significantly in the past two months, August and September 2025, signalling New Delhi's approach of boosting energy trade with Washington amid ongoing bilateral trade talks.

time to read

2 mins

October 03, 2025

Business Standard

Trump to discuss federal job cuts with Budget director

Treasury Secretary Bessent says Democrats want to negotiate like terrorists

time to read

2 mins

October 03, 2025

Business Standard

Esop bonanza: Payouts surge 30% to ₹15,000 crore in FY25

Listed entities spent nearly %15,000 crore last financial year on programmes that allow employees to share ownership of the companies in which they work.

time to read

2 mins

October 03, 2025

Business Standard

How exclusive partnerships shape the Al landscape

In the tech space, disruptions arrive in waves.

time to read

4 mins

October 03, 2025

Business Standard

Centre orders probe after Wintrack halts India ops

Firm alleged Customs officials in Chennai had demanded bribes

time to read

1 mins

October 03, 2025

Business Standard

Multi-asset funds outshine equity schemes over three-year period

Clock 19.1% annualised return in the period compared to flexicap’s 18.2%

time to read

2 mins

October 03, 2025

Business Standard

IHC to buy 43.5% in Sammaan Cap for ₹8,850 crore

Abu Dhabi investor to become promoter, can nominate directors

time to read

2 mins

October 03, 2025

Business Standard

RBI proposes basic savings bank deposit a/c as a standard service

Banks must offer customers a “basic savings bank deposit” (BSBD) account, including free facilities and without having to maintain a minimum balance, the Reserve Bank of India (RBI) has said ina draft circular.

time to read

1 mins

October 03, 2025

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