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Alphabet is poised for a massive windfall from its early investment in SpaceX, with its stake now estimated to be worth around $100 billion, as per a report by Bloomberg. The potential gain highlights how one of Silicon Valley’s early bets on private space companies could now deliver one of the biggest returns in recent…
Experts say the surge in electronics exports represents an unexpected boost from the smartphone production-linked incentive scheme. (AI image) In a big achievement for the government’s electronics component manufacturing scheme (ECMS), Apple’s India vendors have already exported a record $2.5 billion components to China. The development also signals a shift from the earlier pattern, where…
NEW DELHI: India closed the last fiscal with record goods exports of $441.8 billion, 1% higher than the previous year, despite being weighed down by the West Asia conflict, which took a toll on March exports. Driven by a surge in gold and silver shipments, imports rose 7.5% to $775 billion, resulting in a trade…
Yvon Chouinard, the founder of Patagonia, made one of the most radical decisions in modern business history. Instead of selling his company or taking it public, he transferred its ownership into a unique structure designed to prioritise the environment over profit. Valued at around $3 billion, Patagonia is a globally recognised outdoor apparel brand known…
Pakistan gets $3bn from Saudi Arabia as ‘support’ to shore up forex reserves as UAE debt looms Saudi Arabia has provided new financial help to Pakistan with an extra $3 billion deposit. It has also extended an existing $5 billion loan. This support is important for Pakistan as it struggles to meet its growing debt…
Russia’s oil and fuel export revenues rebounded in March, recovering from February’s lows as global prices surged amid the Iran war, according to the International Energy Agency (IEA).Russia’s revenues from crude oil and refined products rose in March after falling to their lowest level since the start of the Ukraine conflict in 2022 in February,…
Intel’s stock has been among the S&P 500 Index’s most closely monitored in recent times. This surge followed the company’s remarkable recovery from a share price drop and has resulted in a gain of more than $100 billion in market capitalisation within just ten days. Several positive developments have contributed to the rise in the…
India’s forex reserves have become more balanced over time, with more gold and some diversification beyond the US dollar. (AI image) A country’s foreign exchange reserves act as the first line of defence against external volatility. In times of global economic turmoil such as the present Middle East conflict, forex reserves are the armour that…
The Indian real estate market is witnessing a constant boom and flux. The market is witnessing the growth of several ew hot spots across the country. With the increased focus of the union government towards infrastructure growth in tier-2 and tier-3 cities, the market is likely to witness further development this year. Despite the fact…
ChatGPT maker OpenAI has announced its support for a US state bill that would protect artificial intelligence (AI) labs from liability in cases where AI models are used to cause mass harm or significant property damage. According to a report by Wired, the proposed Illinois bill, SB 3444, would shield AI developers if incidents result…
