Finance -

SpaceX surges, but bigger days are ahead: TD Securities

TazaPulseJune 13, 2026

The most important dates for SpaceX haven’t happened yet, according to TD Securities. Peter Haynes, the firm’s head of index and market structure, suggests SpaceX’s public debut is only a small part of the larger SpaceX timeline. He’s urging investors to pay close attention to when SpaceX is added to key indexes — including the...

US-China friction returns: Beijing protests Pentagon’s military-company label for BYD, Alibaba and Baidu

TazaPulseJune 13, 2026

China on Saturday opposed the United States for adding several leading Chinese companies, including BYD, Alibaba and Baidu, to a Pentagon list of firms alleged to have links with the Chinese military, arguing that the move undermines understandings reached during last month’s summit between US President Donald Trump and Chinese President Xi Jinping.This comes despite...

Seventh among giants: SpaceX joins world’s most valuable companies after blockbuster debut

TazaPulseJune 13, 2026

Investors gave SpaceX a blockbuster welcome on its stock market debut, sending the company’s valuation above $2 trillion and cementing its place among the world’s most valuable listed firms.After raising $75 billion in the biggest initial public offering ever, SpaceX began trading under the ticker SPCX at $150, an 11% premium to its IPO price...

How rich is a trillionaire? Elon Musk can sponsor IPL for 17,000 years, spend Rs 1 crore daily for 23,500 years

TazaPulseJune 13, 2026

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...

‘Mega bubble or fairy tale?’: Uday Kotak reacts to SpaceX’s historic IPO

TazaPulseJune 13, 2026

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...

Property buyers beware: ITAT ruling highlights TDS pitfalls

TazaPulseJune 13, 2026

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...

Tata Group tells Air India to focus on cutting losses

TazaPulseJune 13, 2026

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...

singapore high court has stayed jail sentence against founder byju39s

Byju’s founder gets relief as S’pore court stays order

TazaPulseJune 13, 2026

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...

india focuses on mature node fab manufacturing to tap automotive telecom industrial electronics sectors

India gets a homegrown AI video model

TazaPulseJune 13, 2026

India’s efforts to build indigenous artificial intelligence models received a boost this week as Avataar AI unveiled Varya, a video generation model designed to better understand Indian cultural contexts while significantly reducing the cost associated with AI video creation.The Bengaluru-based startup, backed by Peak XV Partners and selected under govt’s India AI Mission, said the...

Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit

TazaPulseJune 13, 2026

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...