Elon Musk Loses $21 Billion In A Morning As SpaceX Shares Slip
Elon Musk lost $21 billion on Wednesday morning as SpaceX shares fell 2% after reports that the company plans to raise $40 billion to buy chips from Nvidia.
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NBA Sponsorships Get More Technical. The Nets’ Alibaba Deal Shows Why
NBA sponsorships are evolving beyond branding, with the Nets’ Alibaba deal showing how technology, cloud services and fan experiences are reshaping team partnerships.
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Adani Enterprises gets rating upgrade from CARE Ratings to AA; Stable; shares up 21% in 2026
Adani Enterprises secured its highest-ever credit rating after CARE Ratings upgraded its long-term rating to CARE AA; Stable from CARE AA-; Stable. The agency cited stronger financial flexibility following a Rs 15,000 crore QIP and Adani Airports stake sale.
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WHO Recommends Against GLP-1s For Young Kids—Amid Wegovy Trial For 6 Year Olds
Despite a nearly 600% surge in adolescent GLP-1 prescriptions, the WHO says they may pose critical safety risks to growing bodies.
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Amber Midthunder Got A TV Magic Masterclass On Mike Flanagan’s ‘Carrie’
Amber Midthunder, who stars as gym teacher Miss Desjardin on Prime Video’s eight-episode “Carrie” adaptation, reflected on bringing the horror classic to life.
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Margin boost: Jefferies picks 3 bank stocks to gain the most from RBI rate hikes
Jefferies expects RBI’s 25-basis-point rate hike and calibrated tightening stance to support bank earnings, particularly ICICI Bank, SBI and Axis Bank. Faster loan repricing could drive margin expansion, while smaller private banks, NBFCs and life insurers may face greater pressure.
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NSE cautions investors over pricey overseas ETFs as demand surges
The NSE has cautioned investors about the escalating hazards linked to international exchange-traded funds as they experience steep premiums. While certain ETF prices have risen dramatically, their underlying net asset values stay constant. This disparity is primarily due to supply limitations and new regulations impacting ETF units. Investors should proceed cautiously; purchasing at inflated prices…
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Ola Electric board approves rights issue at 26% discount; shareholders to pay in two calls
Ola Electric has announced a rights issue price of Rs 27 per share, significantly below its market value, aiming to garner up to Rs 1,000 crore. Investors will pay 60% of this amount upfront, with the remainder due later. Chairman Bhavish Aggarwal intends to fully subscribe to his portion, using a pledged stake. This funding…
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Iraq devalues its currency as Iran-US war disrupts oil shipping routes
Iraq has officially devalued its currency from 1,300 dinars to 1,500 dinars to the US dollar. The Central Bank announced this decision following a Cabinet meeting, which aimed to address financial, economic, and monetary needs. There has been a noticeable gap between the official and market rates, which widened due to regional conflicts. The market…
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AMFI Reshuffle: These 6 midcap stocks that may be upgraded to largecap soon
Six midcap stocks, including Bosch, Siemens Energy India and Lenskart Solutions, could be reclassified as largecaps in AMFI’s H1 CY27 rejig, while NSE is expected to enter the largecap segment.