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SpaceX IPO could make Elon Musk world's first trillionaire |
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Austin (Texas) | May 21, 2026 12:53:07 PM IST |
| Elon Musk, who already enjoys the title of world's richest person, could soon have one more feather in his cap. The Tesla and SpaceX boss could become the world's first trillionaire as his space and AI company prepares to go public. ... read.. |
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Samsung Electronics to step up share buybacks to fund chip bonus |
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Seoul | May 21, 2026 12:23:38 PM IST |
| Samsung Electronics is expected to increase treasury share buybacks to fund a special bonus for semiconductor employees under a tentative labour agreement reached to avoid a planned strike, according to a report by The Korea Herald on Thursday. ... read.. |
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Anthropic may report first operating profit in June quarter: Report |
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San Francisco | May 21, 2026 10:53:38 AM IST |
| Anthropic may report its first profitable quarter as it expects the revenue to more than double at $10.9 billion in the June quarter, according to Reuters. The AI player could report an operating profit of $559 million, the report quoted a person familiar ... read.. |
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Melody to the ears, says Piyush Goyal, hailing India's confectionery exports surging 166% in twelve years |
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New Delhi | May 20, 2026 8:24:07 PM IST |
| Union Minister of Commerce & Industry, Piyush Goyal, on Wednesday, lauded India's confectionery exports, as the sector experienced a substantial surge over the past 12 years, with outbound shipments of toffees, caramels, and similar sweets increasing ... read.. |
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India's low R&D spend hampering manufacturing growth: CareEdge Ratings |
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Mumbai (Maharashtra) | May 20, 2026 8:23:39 PM IST |
| India's low research and development (R&D) spending of around 0.6-0.7 per cent of GDP is emerging as a key structural challenge for the country's manufacturing growth, with the sector's share in GDP declining over the past decade despite steady output ... read.. |
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Ola Electric achieves positive cash flow, bets demand revival in FY27 |
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New Delhi | May 20, 2026 5:54:08 PM IST |
| Ola Electric's operating cash flow turned positive in the January-March quarter of FY26. The company expects orders in the current quarter to nearly double sequentially to around 45,000 units, driven by improving service operations and recovery in sales m ... read.. |
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