Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Inside the empire that made Elon Musk the first trillionaire
New York: Elon Musk, the world’s richest man and now first-ever trillionaire, controls a lot of different businesses. Electric vehicles. Brain implants. Underground tunnels. A social media platform once called Twitter. And…
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L’Oreal leases 90,000 sq ft in Hyderabad for its global tech hub
Hyderabad: French beauty giant L’Oreal India has leased 89,628 square feet of office space at Meenakshi Eco Park in Nanakramguda, Hyderabad, in what marks a concrete step toward establishing the company’s first…
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Hyderabad’s Manam bets USD 9 mn on homegrown chocolate
Hyderabad: Manam Chocolate, a Hyderabad-based bean-to-bar craft chocolate company, has raised USD 9 million in a Series A funding round led by venture capital firm Omnivore, with participation from the Turner Morrison…
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Elon Musk enters history books as the world’s first trillionaire
New York: Shares of SpaceX soared 23 per cent in their Wall Street debut on Friday, June 12, making the rocket maker’s CEO Elon Musk the first-ever trillionaire. The shares opened at…
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Govt hikes onion procurement rate to Rs 16.5 per kg
New Delhi: The government has raised the onion procurement price under its buffer stock programme to Rs 16.50 per kg with effect from Saturday, June 13, from Rs 15.80 per kg currently,…
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Retail inflation quickens to 3.93 pc in May, shows govt data
New Delhi: Retail inflation inched up to 3.93 per cent in May from 3.48 per cent in the preceding month due to higher food prices, as the impact of rising global energy…
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India’s agentic AI returns to hit USD 14.4 mn: SAP
New Delhi: Indian enterprises are speeding past AI experimentation stage to value-driven implementation, positioning themselves as global frontrunners in enterprise-wide adoption, according to a SAP study. Globally, India ranks second in strategic…
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Chhattisgarh bags Rs 9,500 cr worth investment pacts in Hyderabad
Hyderabad: Chhattisgarh on Friday signed investment MoUs worth more than Rs 9,500 crore with seven companies at a roadshow here, a move expected to create over 7,800 jobs. Chief Minister Vishnu Deo…
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Tata Motors car prices to rise up to 1.5 pc from July 1
New Delhi: Tata Motors Passenger Vehicles Ltd on Friday said it will increase prices of its passenger vehicle portfolio, including both internal combustion engine (ICE) and electric vehicles (EV), by up to…
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Rice prices surge in Bengaluru, adding to burden on households
Bengaluru: Amid rising petrol, diesel and vegetable prices, consumers in Bengaluru are now facing another blow as rice prices have witnessed a sharp increase across varieties. Retail prices of rice have gone…
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Space X: World’s biggest IPO makes Musk almost a trillionaire
SpaceX has raised USD 75 billion in the largest initial public offering (IPO) in history, pricing 555.6 million shares at USD 135 each, pushing founder Elon Musk to the threshold of becoming…
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Telangana gives vehicle owners 60 days to book fancy numbers
Hyderabad: The Telangana Transport Department has extended the window for reserving fancy or special registration numbers to 60 days from the date of issue of temporary registration, doubling the time available to vehicle…
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Stock markets drop in early trade on escalating US-Iran tensions
Mumbai: Stock market benchmark indices Sensex and Nifty declined in early deals on Thursday, June 11, tracking weak trends in global equities and rising crude oil prices amid escalating tensions between the…
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Centre waives excise duty on petrol with up to 30 pc ethanol
New Delhi: The Union government has exempted petrol blended with higher levels of ethanol from excise duty, including fuel variants containing 22 per cent, 25 per cent, 27 per cent and 30…
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HYDRAA protects 15 acre govt land worth 3,000 cr after HC verdict
Hyderabad: The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has completed fencing around 15 acre government land valued at Rs 3,000 crore in Khanamet village of Serilingampally mandal of Rangareddy district…
