Despite US Help, Little Oil Has Gone Through Strait of Hormuz
President Trump said more than 200 commercial vessels had safely traveled through the strait. That’s still far fewer than before the start of the war. Source link
Business
Read More
Venezuela oil rush: US investors chase Trump’s $100 billion call as funds target energy assets – report
US investment groups are racing to capitalise on the reopening of Venezuela’s oil sector, targeting underinvested oilfields and launching new investment vehicles after US President Donald Trump’s January call for companies to invest $100 billion to help rebuild the country’s energy industry, the Financial Times reported.Among the early movers is Miami-based Lionheart Capital, which has…
Mega I.P.O. Frenzy Could Be a Harbinger of a Stock Bubble
Rampant enthusiasm is buoying tech shares to levels that defy gravity. Invest with caution, our columnist says. Source link
How rich is a trillionaire? Elon Musk can sponsor IPL for 17,000 years, spend Rs 1 crore daily for 23,500 years
Representative image (AI-generated) When most people hear the word ‘trillion’, it is difficult to grasp just how large that number really is.A million sounds huge. A billion sounds almost unimaginable. But a trillion is an entirely different scale.The question has taken centre stage after Elon Musk became the world’s first trillionaire, a milestone driven by…
Wages Are Falling. Wealth Is Surging. No Wonder Americans Are Unhappy.
As Elon Musk became the world’s first trillionaire, workers are facing higher prices and fears of A.I.-driven job losses. Source link
‘Mega bubble or fairy tale?’: Uday Kotak reacts to SpaceX’s historic IPO
Veteran banker Uday Kotak reacted to SpaceX’s blockbuster Wall Street debut, saying that the company’s massive valuation does not fit traditional ways of valuing businesses.In a post on X, Kotak wrote, “SpaceX IPO, listing, and beyond, is a true test for capitalism. The valuation does not fit any traditional matrix and is a huge bet…
Tata Group tells Air India to focus on cutting losses
The carrier is also reevaluating plans to fly to new domestic and international destinations, pruning some routes and postponing launches at some airports, such as the new Noida International Airport, the people familiar with the matter said. Air India’s cowed ambitions follow a series of challenges that have pushed it deep into the red. Air…
Is SpaceX worth $1.77 trillion? It’s a pie in the sky, some investors say.
Is SpaceX worth $1.77 trillion? It’s a pie in the sky, some investors say. Source link
Property buyers beware: ITAT ruling highlights TDS pitfalls
A ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has underscored the importance of understanding tax deduction at source (TDS) obligations when purchasing property.The case involved a Mumbai resident, who had jointly purchased a residential flat in the tony area of Haji Ali, worth Rs 1.9 crore with her husband. She…
About 20 New Billionaires Could Be Minted by 3 Mega-I.P.O.s
Anthropic and OpenAI could join SpaceX with their own initial public offerings, setting many employees up to become millionaires or billionaires. Source link