SpaceX could be a feast for investors in 2026. Friday, Bloomberg reported that SpaceX had set a secondary share sale, which valued the startup at about $800 billion, citing a company memo. The price in the secondary offering was $421 a share, the report said, up from a July price of about $212 from a … Read more
New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India.The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and a … Read more
United States chip major Nvidia is considering increasing production capacity for its H200 artificial intelligence chips as demand for the product from Chinese companies exceeds present output, Reuters reported citing sources. Responding to Reuters queries, a spokesperson for Nvidia said, “We are managing our supply chain to ensure that licensed sales of the H200 to … Read more
At 9:01am this Monday, something quietly historic happened on the National Stock Exchange. For the first time, options-crazed traders didn’t dive straight into live futures prices at the opening bell – they had to watch a call auction screen instead.NSE’s new 15-minute pre-open session for equity derivatives went live on December 8, in what traders … Read more
Today, Gemini Space Station, Inc. (Gemini) (NASDAQ:GEMI) announced that Gemini Titan, LLC (Titan), an affiliate, received a Designated Contract Market (DCM) license from the Commodity Futures Trading Commission (CFTC), which will allow Gemini to begin offering prediction markets to U.S. customers. Gemini first applied for a DCM license on March 10, 2020. “Today’s approval marks … Read more
Artificial intelligence has created a “terrifying” outlook for employment, Oaktree Capital Management LP co-founder Howard Marks cautioned, and an assumed productivity boom fails to consider how many people will be able to afford the additional goods produced. “I’m concerned that a small number of highly educated multi billionaires living on the coasts will be viewed … Read more
In one of the largest global tech investment flows into India, American tech giant Amazon on Wednesday committed a mega $35 billion for its operations here, over and above the $40 billion that it has already put into the country.The ecommerce, cloud and media giant said that the investments will be made by 2030 as … Read more
Bajaj Finance has said that its voice bots will disburse Rs 5,300 crore of loans in FY26 – its first full year of operations. This channel will be completely taken over by AI agents as part of its 2026-30 long-range strategy which has AI as the backbone of its growth plans that links targets directly … Read more
Airfares between Mangaluru and other important cities, including Mumbai, have almost tripled even as the Union Civil Aviation Ministry ordered keeping the flight duty time limitations (FDTL) orders of the Directorate General of Civil Aviation in abeyance with immediate effect, on Friday. Mangaluru International Airport, in a statement here, said 18 flights, nine each arrivals … Read more