Saudi Arabia’s Public Investment Fund is considering taking an anchor stake of around $5 billion in Elon Musk’s SpaceX as the company eyes a whopping $2 trillion in valuation ahead of its planned IPO. The space exploration company is aiming
Punjab Carbonic Limited, an integrated carbon capture & utilisation and industrial gas solutions company, has filed its Draft Red Herring Prospectus dated March 31, 2026, with the Securities and Exchange Board of India, BSE Limited, and National Stock Exchange of
A US-sanctioned oil tanker carrying Iranian crude, initially headed to India, has changed course for China, spotlighting payment complexities and raising questions about India’s future energy imports from Iran. Photograph: Costas Baltas/Reuters Key Points A US-sanctioned tanker carrying Iranian crude
To mitigate the impact of the West Asia crisis on domestic industries and consumers, India has temporarily waived customs duties on critical petrochemical imports, ensuring supply stability and reducing cost pressures. Photograph: Reuters Key Points The Indian government has exempted
To prevent misuse of free trade agreements, India has placed import restrictions on all forms of gold, silver, and platinum articles, effective immediately. Photograph: Lisi Niesner/Reuters Key Points India has imposed import restrictions on all gold, silver, and platinum articles
The Indian rupee experienced a dramatic surge following the Reserve Bank of India’s intervention in the forex market, but ongoing global economic pressures continue to pose challenges for the currency’s stability. Photograph: Francis Mascarenhas/Reuters Key Points The Indian rupee saw
US Stock Market LIVE Updates: Futures on Wall Street declined sharply after US President Donald Trump’s prime-time address and continue to remain lower. While the Dow Futures are down 450 points, S&P and Nasdaq future are down up to 1.5%. Brent
Adani Energy Solutions (AESL) has informed investors that its Board of Directors is scheduled to meet on Thursday, April 23, 2026, to review and approve the audited standalone and consolidated financial results for the quarter and financial year ended March
In spite of recent tariff changes and a temporary slowdown in discussions, India and the United States are committed to advancing and finalising an interim trade agreement aimed at opening markets and reducing trade barriers, as highlighted in a recent
The Income Tax Department provides clarity on GAAR applicability, confirming that income from investments made before April 1, 2017, will not be subject to the anti-avoidance rules, offering relief to investors and simplifying tax regulations. Illustration: Dominic Xavier/Rediff Key Points
