Tesla and SpaceX boss Elon Musk’s net worth has surpassed $400 billion, according to the Bloomberg Billionaires Index, setting a new milestone Wednesday for the world’s richest person, as per a report. The jump in wealth, the business news outlet reported, came after SpaceX and its investors agreed to purchase as much as $1.25 billion … Read more
Rajya Sabha on Thursday passed a bill that seeks to replace the Aircraft Act, 1934 and provides for manufacture and maintenance in the aviation sector, remove redundancies and for ease of doing business. The Bharatiya Vayuyan Vidheyak, 2024, was passed after a reply to discussion by Civil Aviation Minister K Rammohan Naidu. Lok Sabha has … Read more
The Reserve Bank of India (RBI) may keep the current policy rates unchanged in the ongoing Monetary Policy Committee (MPC) meeting, according to a report by the Union Bank of India. As per the report, RBI is unlikely to announce a cash reserve ratio (CRR) cut to improve liquidity. A CRR cut is viewed as … Read more
Tensions are rising between the US and China over semiconductor technology, a report has said. China has threatened to retaliate against potential new US export restrictions where the Biden administration is reportedly planning to unveil curbs on chip-related exports to China and blacklist 200 companies. According to a report by news agency Reuters, the Chinese … Read more
As the prices of gold and silver continue to rise amid geo-political tensions, ace global investor Jim Rogers has an advice for people: stay invested in precious metals and nothing can teach us better about bullion than Indian women. In an interaction with IANS on Thursday, Rogers, who is known for his expertise and strategic … Read more
The U.S. dollar rose broadly against major rivals on Tuesday after President-elect Donald Trump said he would sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada. The dollar rose over 2% against the Mexican peso and 1% against its Canadian counterpart. The dollar … Read more
Ad Astra, a pre-kindergarten Montessori school funded by Elon Musk, has received its initial state permit, allowing the facility to begin operations in Bastrop County, Texas. The Texas Health and Human Services Commission confirmed the licensing on November 14, after an earlier inspection cleared delays in the application process, Fortune reported. A STEM-focused mission Located … Read more
The U.S. Department of Justice (DoJ) has issued a five-count criminal indictment of Gautam Adani, chairman of the Adani Group, and several of his business associates. The charges include promising more than $250 million in bribes to Indian government officials to secure solar energy contracts, conspiracies to commit securities and wire fraud, and orchestrating “a … Read more
Amid ongoing Israel–Hezbollah conflict, the International Criminal Court on Thursday issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu. The arrest warrant has been issued accusing him of war crimes and crimes against humanity over the war in Gaza and the October 2023 attacks that triggered Israel’s offensive in the Palestinian territory. The warrant has … Read more