MUMBAI: Tata AIG General Insurance reported a net profit of Rs 1,008 crore for FY26 despite facing the largest claim in Indian aviation history last year. The company’s books were protected due to its conservative policy of reinsuring the bulk of large risks.The General Insurance Corporation had estimated claims of over $400 million last year…
BENGALURU: Byju Raveendran secured a temporary reprieve after the Singapore High Court stayed key provisions of an earlier order sentencing him to six months in prison for civil contempt.In a statement on Friday, his legal counsel, Lazareff Le Bars, said the General Division of the Singapore High Court stayed the committal and surrender provisions of…
The spotlight will be firmly on SpaceX on Friday as the Elon Musk-led company finally begins trading on the Nasdaq, marking the start of what investors hope will be a historic market debut. The listing will test whether the extraordinary demand seen during the IPO process can sustain momentum once the stock enters public trading….
India’s foreign exchange reserves declined by $711 million to $681.610 billion in the week ended June 5, dragged down by a sharp fall in foreign currency assets, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.The decline follows an increase of $938 million in the previous reporting week, when…
Elon Musk has become the world’s first trillionaire on Friday after SpaceX made its stock market debut on Nasdaq.The company’s shares jumped over 21 per cent shortly after listing, lifting Musk’s estimated fortune above the $1 trillion mark, according to Bloomberg. The bulk of his wealth exists on paper, rather than cash, derived primarily from…
Elon Musk’s net worth is tied mainly to these two companies – SpaceX and Tesla. (AI image) Who wants to be a millionaire? Several years ago an American show highlighted people’s aspiration of reaching the 7-digit figure. Almost three decades later, the world has got its first trillionaire – Elon Musk. A figure that has…
New Delhi: Govt has de-licenced radio spectrum used for automotive radar and vehicle-to-everything (V2X) communications, paving the way for wider deployment of advanced road-safety technologies and collision-avoidance systems.Department of telecommunications (DoT) has issued two notifications de-licencing the 77-81 GHz band used for automotive radar systems and the 5.9 GHz band used for V2X communications that…
TOI correspondent from Washington: Move over kings, emperors, oil sheikhs, and that uncle who insists he bought Apple or Nvidia 25 years ago but somehow still drives a 2002 Toyota Corolla or Maruti Suzuki. The world has a new financial life-form: Elon Musk, the first person to breach the previously mythical $1 trillion net worth…
The rupee surged 67 paise to close at 95.18 against the US dollar on Friday, supported by a sharp fall in global crude oil prices after US President Donald Trump signalled that a deal with Iran could be imminent, PTI reported.A positive trend in domestic equity markets and weakness in the US currency further aided…
US stocks advanced on Friday as falling oil prices lifted sentiment and investors awaited the highly anticipated market debut of SpaceX, a listing that could provide a fresh test of appetite for artificial intelligence-related stocks.The S&P 500 rose 0.6%, while the Dow Jones Industrial Average gained 480 points, or 1%, as of 11:11 am Eastern…
