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SpaceX officially confirmed plans to go public on Wednesday, setting the stage for what could become the largest initial public offering in history and potentially push CEO Elon Musk toward becoming the world’s first trillionaire. The rocket and satellite internet company filed its S-1 registration statement with the U.S. Securities and Exchange Commission, giving investors…
More than 10,000 pilgrims were stranded on the Kedarnath yatra route late Tuesday after a landslide blocked the Sonprayag-Gaurikund highway in Uttarakhand’s Rudraprayag amid continuous rain. The landslide hit the key Char Dham route during peak pilgrimage season as erratic weather continues to affect pilgrimage routes in Uttarakhand, report Gaurav Talwar & Kautilya Singh. The…
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MUMBAI: For long, stock market and mutual fund industry analysts have been saying that Indian investors are maturing fast, moving away from trading in direct stocks and investing for the long term through the fund route. Now, a Sebi research paper, using granular data, has bolstered that notion. Using holdings data of households in depositories,…
MUMBAI: The war-led volatility in energy markets coupled with the risk of food inflation amid projections of below-normal monsoon rains this year could weigh on FMCG volume growth, Worldpanel by Numerator (formerly Kantar) said in its update on Wednesday. It estimated volume growth to drop to 3-4% if the situation doesn’t improve, as an unstable…
NEW DELHI: India’s peak power demand hit an all-time high for the third straight day on Wednesday, with electricity requirement touching 265.4 GW amid intensive use of ACs and cooling appliances due to scorching heat across the country.The peak electricity demand was recorded at 257.5 GW on Monday, which was eclipsed on Tuesday with a…
NEW DELHI: Grasim Industries reported a nearly 28% increase in its consolidated net profit to Rs 3,802 crore for Q4FY26 driven by its building materials, financial services and cellulosic fibres businesses on Wednesday. It posted a consolidated net profit of Rs 2,973 crore for the Jan-March quarter a year ago. On a standalone basis, Grasim…
