After a gravity-defying run since its blockbuster debut, SpaceX shares finally came back down to Earth on Thursday (local time), falling more than 6% as the post-IPO euphoria began to lose steam.Shares of the Elon Musk-led company were trading at $178.50, down 6.5% during the session, after having already slipped nearly 5% a day earlier….
Maharashtra Chief Minister Devendra Fadnavis shakes hands with Emirates NBD Vice Chairman and Managing Director, Non-Independent Non-Executive Director, Hesham Abdulla Qassim Al Qassim MUMBAI: Emirates NBD’s Rs 26,015 crore purchase of a 60% stake in RBL Bank marks more than the largest banking cross-border deal; it signals how the India-UAE economic relationship is shifting from…
Social security relief extended for Indian execs in UK NEW DELHI: Indian professionals working with their company’s affiliates in the UK or on an onsite assignment will be exempted from social security contributions for five years, instead of three years agreed earlier, on producing a certificate that they are contributing to EPFO here.The move will…
To begin with, this means that international students and other visa holders covered by the new policy will have to seek periodical visa extensions and undergo biometrics The Office of Management and Budget (OMB) has cleared a ‘final’ regulation sent to it earlier by the Department of Homeland Security (DHS). This regulation will replace the…
Prime Minister Narendra Modi will release the 23rd instalment of the PM-Kisan scheme on June 20, transferring Rs 18,880 crore directly into the bank accounts of more than 9.44 crore farmers across the country Prime Minister Narendra Modi will release the 23rd instalment of the PM-Kisan scheme on June 20, transferring Rs 18,880 crore directly…
US stocks rebounded on Thursday, recovering much of the previous session’s losses as falling oil prices and easing Treasury yields lifted investor sentiment. US stocks rebounded on Thursday, recovering much of the previous session’s losses as falling oil prices and easing Treasury yields lifted investor sentiment following the US-Iran agreement to end hostilities and reopen…
Vizag’s Bhogapuram airport will get operational later this summer NEW DELHI: Flying in and out of Visakhapatnam will cost more once the upcoming new Bhogapuram airport gets operational later this summer and then commercial flights from the existing Naval airbase will stop. Domestic passengers flying out and into Bhogapuram will pay Rs 835 and Rs…
The National Stock Exchange (NSE) has flagged a wide range of risks to its business from regulatory changes and technology failures to cyberattacks and artificial intelligence-related challenges in its draft IPO papers, while highlighting its heavy dependence on derivatives trading for revenue, PTI reported.The disclosures, made in the draft red herring prospectus (DRHP) filed with…
The Strait of Hormuz is back in business after more than 100 days of disruption, with over 60 million barrels of crude set to leave the pipeline. Following a US-Iran peace deal, one of the world’s most important oil routes is set to reopen, releasing millions of barrels of crude that had been stuck inside…
Energy shipments in the Gulf have once again resumed sailing, after the US and Iran signed an interim agreement. After months of disruptions to the Strait of Hormuz, activity appears to have finally resumed, with a liquefied natural gas (LNG) loaded tanker now moving towards the strategic waterway.The reopening of the waterway is expected to…