Page 11 - Reuters%20

Musk's SpaceX raises record $75 bn in world's biggest IPO at $135 a share

The sale breaks the previous record for the largest-ever IPO held by state-run oil giant Saudi Aramco, which raised $25.6 billion on Riyadh's exchange in December 2019, valuing it at $1.71 trillion

SpaceX IPO propels Elon Musk to world's first trillionaire status

SpaceX, the satellite and AI company that together with electric-car maker Tesla form the center of Musk's empire, raised a record $75 billion in its initial ‌public offering on Thursday

Reliance, Adani, Vedanta among firms keen on Andhra rare earth projects

Reliance, Vedanta and Adani are among companies exploring rare earth processing investments in Andhra Pradesh as India seeks to reduce dependence on China and build domestic critical minerals capacity

India sees $3 billion debt rush on yield slump after RBI measures

Indian firms are accelerating bond issuances as RBI measures to support the rupee drive borrowing costs lower and boost demand for corporate debt

A-I crash final report delay expected due to unfinished engine analysis

The GE Aerospace-made engines have been at the ​centre of the probe into the crash of the Air India plane shortly after takeoff from Ahmedabad on June 12, 2025

US drug regulator issues import alert for drugs made at a Dabur India plant

The action was taken after the FDA inspected the factory and flagged data integrity and maintenance lapses

Mukesh Ambani's Reliance Group enters Mumbai slum redevelopment sector

The tender also attracted bids from metals giant JSW Group and conglomerate Shapoorji Pallonji Group

Indian-crewed tanker hit off Oman in suspected third US strike this week

Three Indian sailors died in a US strike on the Settebello tanker off Oman a day earlier

Trump says will take over Iran's Kharg Island, warns of heavier strikes

Trump said the US will attack Iran again with intensified strikes on Thursday night but he would rather not hit bridges and power plants

Indian firms rush to raise $3 bn debt as RBI steps cut borrowing costs

This has pushed corporate borrowing costs lower by 40-45 basis points, per LSEG benchmark 'AAA'-rated corporate bond yields of up to five years, while the spread over government bonds has narrowed

British defence minister Healey resigns amid dispute over defence funding

Britain's's defence and finance ministries have been locked in talks for months over how to meet rising demands to expand military spending, delaying Britain's Defence Investment Plan since last year

Opendoor shuts India operations, lays off 250 employees amid AI push

Layoffs reflect rising concerns over AI-driven job displacement in entry-level and back-office roles, alongside growing US policy pressure to shift more work onshore

India reports another vessel incident involving MT Jalveer off Oman coast

Indian embassy in Oman did not specify if the vessel involved in Thursday's incident had Indian seafarers on board

Indian refiners secure crude, LPG supplies till August despite Iran war

Indian refiners, including Indian Oil Corp and Mangalore Refinery and Petrochemicals Ltd, ‌have also purchased crude through spot tenders in recent weeks

Air India crash report delayed as engine examination remains unfinished

A final report is expected within three months, by when studies of the GE Aerospace engines should be concluded

Oil prices climb over $2 as Iran announces closure of Strait of Hormuz

Brent futures rose $2.30, or 2.47 per cent, to $95.40 a barrel, while US ‌West Texas Intermediate (WTI) crude climbed $2.60, or 2.89 per cent, to $92.63

Zee Entertainment plans ₹2,300 crore fundraise to back expansion plans

The company, which did not disclose a medium for the raise, said the board will deliberate further on options for raising funds

Gold in India falls below pre-duty-hike levels as overseas prices drop

Domestic gold futures fell 1.93 per cent on Wednesday to ₹1,46,557 per 10 grams, their lowest level since May 5

India equity MF inflows drop 40% in May; gold ETFs post record outflows

Inflows into small-cap, mid-cap and large-cap funds fell 28.2 per cent , 33.2 per cent and 36.9 per cent, respectively

Short-term bond yields hit three-month low on RBI dollar measures

On Friday, the ‌Reserve Bank of India unveiled steps to attract dollar inflows, including fully subsidising hedging costs on foreign currency deposits raised from non-resident Indians