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FM Sitharaman rules out roadmap for PSU bank mergers, panel to review sector reforms

The government currently has no roadmap for mergers among public sector banks, Finance Minister Nirmala Sitharaman said, indicating that consolidation is not under active consideration even as a new banking reform panel is set to review the sector’s future.“I am not familiar with any roadmap…there isn’t one,” Sitharaman said in a media briefing after her…

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Musk meets Musk: SpaceX explores mergers with Tesla or xAI; $50 billion IPO in focus

SpaceX is exploring potential mergers with Tesla Inc or artificial intelligence startup xAI, as Elon Musk considers ways to consolidate his growing business empire.The aerospace company has held internal talks about the feasibility of a SpaceX–Tesla merger, an idea that some investors are actively encouraging, reported Bloomberg, citing sources. Separately, SpaceX is also evaluating a…

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