Not very long ago, a railway journey in India often began with a queue.Passengers would visit reservation counters, wait for printed tickets, check paper charts pasted outside coaches and rely on station inquiry windows for information about delays or platform changes.Today, much of that experience fits inside a smartphone. A passenger can book a ticket,…
Elon Musk has become the world’s first trillionaire on Friday after SpaceX made its stock market debut on Nasdaq.The company’s shares jumped over 21 per cent shortly after listing, lifting Musk’s estimated fortune above the $1 trillion mark, according to Bloomberg. The bulk of his wealth exists on paper, rather than cash, derived primarily from…
The rupee surged 67 paise to close at 95.18 against the US dollar on Friday, supported by a sharp fall in global crude oil prices after US President Donald Trump signalled that a deal with Iran could be imminent, PTI reported.A positive trend in domestic equity markets and weakness in the US currency further aided…
New Delhi: Govt has de-licenced radio spectrum used for automotive radar and vehicle-to-everything (V2X) communications, paving the way for wider deployment of advanced road-safety technologies and collision-avoidance systems.Department of telecommunications (DoT) has issued two notifications de-licencing the 77-81 GHz band used for automotive radar systems and the 5.9 GHz band used for V2X communications that…
TOI correspondent from Washington: Move over kings, emperors, oil sheikhs, and that uncle who insists he bought Apple or Nvidia 25 years ago but somehow still drives a 2002 Toyota Corolla or Maruti Suzuki. The world has a new financial life-form: Elon Musk, the first person to breach the previously mythical $1 trillion net worth…
Elon Musk’s net worth is tied mainly to these two companies – SpaceX and Tesla. (AI image) Who wants to be a millionaire? Several years ago an American show highlighted people’s aspiration of reaching the 7-digit figure. Almost three decades later, the world has got its first trillionaire – Elon Musk. A figure that has…
How do you measure a trillion dollars? Start with the zeroes. A trillion is written as $1,000,000,000,000 — a one followed by 12 zeroes. Yet even that barely captures its scale. As SpaceX’s market debut pushes Elon Musk towards what could become the world’s first trillion-dollar personal fortune, the number is so large that it…
India’s king of fruits is sweet, fragrant and beloved across continents. Every summer, Alphonso, Kesar, Dasheri, Langra and Chausa mangoes trigger memories of family gatherings, school vacations and seasonal indulgence.Yet India’s position in global trade tells a very different story.For a country that dominates global production, it contributes only about 2-3 per cent of global…
US stocks drifted on Friday as falling oil prices supported sentiment, while investors turned their attention to the highly anticipated stock market debut of SpaceX, a closely watched test of appetite for artificial intelligence-related investments, according to AP.The S&P 500 rose 0.1%, while the Dow Jones Industrial Average gained 270 points, or 0.5%, as of…
India’s foreign exchange reserves declined by $711 million to $681.610 billion in the week ended June 5, dragged down by a sharp fall in foreign currency assets, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.The decline follows an increase of $938 million in the previous reporting week, when…
