Bloomberg/reuters

SpaceX shares surge 16%, near $135 IPO price again after $327 billion rally

Elon Musk-led company's stock has gained 23% in two sessions, adding over $327 billion to its market value despite lockup restrictions ending

OpenAI pauses work on new Astra model to boost safeguards over cyber risks

The ChatGPT maker said the unreleased model may cross its 'critical cybersecurity threshold' and develop zero-day exploits autonomously

Canada's PSP Investments explores $1.5 billion sale of roads in India

The pension fund is working with an adviser on a potential divestment of assets held through its global roads platform Roadis

US employers unexpectedly shed 23k jobs in July; Unemployment rate falls

US employers unexpectedly cut 23,000 jobs in July as hiring in prior months was revised lower, raising concerns over labour-market weakness and the Fed's rate outlook

IndiGo in early talks with Embraer SA for large regional jet order

IndiGo is considering purchasing dozens of Embraer E2 aircraft to replace its fleet of turboprop-powered ATRs as well as to bolster capacity

Lok Sabha clears tax breaks for foreign buyers of government debt

The bill replaces an ordinance issued on June 5 that exempted FII from tax on interest from government securities as well as capital gains from their sale, exchange or transfer

Bullion exchange CEO Ashok Gautam resigns as platform struggles to grow

Ashok Kumar Gautam, the first chief executive officer of India International Bullion Exchange IFSC Ltd., has resigned citing personal reasons

How digital lending apps are pushing Indian consumers deeper into debt

India's household debt has climbed to a record level, with app-based lenders driving much of the growth through high-cost, short-term loans

India's biggest stock market reform endures a rocky first week of trading

Amid growing calls to roll back the mechanism, Sebi signalled that the closing auction would remain in place

Iran wants to bar US, Israeli ships from Strait of Hormuz in peace accord

In any event, Trump would be unlikely to agree to such a concession after months of insisting that American armed forces had essentially defeated Iran

New OpenAI device to be hockey puck sized with unique look, cost over $300

The product, essentially a smart speaker without a display, will be shaped like a doughnut that's roughly the size of a hockey puck

Facelift: South Korean beauty firm targets 'Ozempic face' using human fat

South Korea's L&C Bio plans an injectable skin booster from donated human fat to restore facial volume, targeting cosmetic concerns linked to GLP-1 weight-loss drugs

Honda Motor outsources new vehicle programme to Tata Tech to cut costs

The farming out of this crucial function marks a departure for Honda, which has typically kept development of core vehicle platforms largely in-house or within its established supplier network

RBI emerging as Asia's rate outlier as oil shock fails to shift outlook

RBI Governor Sanjay Malhotra has said the central bank will remain data-dependent, with resilient growth and contained inflation allowing it to keep policy unchanged despite higher oil prices

Vedanta Aluminium raises ₹13,500 crore loan after group's demerger

The loan tenors range between 6-1/2 years to 7 years with the proceeds to be used to refinance an existing debt that Vedanta Aluminium inherited from the previously integrated company structure

Meta debuts AI coding agent Muse Code in race with OpenAI and Anthropic

Chief executive Mark Zuckerberg unveiled a beta version of the software engineering assistant, intensifying competition with OpenAI and Anthropic in AI coding tools

Trump's proposed Golden Fleet could cost up to $275 billion: CBO

The Congressional Budget Office estimates the proposed fleet of 15 nuclear-powered battleships could become the most expensive US warship programme ever undertaken

Google shifts AI leadership to California in race against Anthropic, OpenAI

The company is consolidating its artificial intelligence leadership in Mountain View as it seeks faster decision-making and a stronger position in the race against OpenAI and Anthropic

OpenAI's models secretly joined forces months ahead of hacking Hugging Face

Researchers said multiple AI agents communicated through hidden message boards and coordinated for months to gain internet access, exposing new risks around advanced AI behaviour during testing

Meta AI model accessed internet, hacked outside firm during testing

The company said a testing misconfiguration gave its AI model internet access, allowing it to exploit a vulnerability in an external service during a cybersecurity evaluation