Elon Musk’s SpaceX is accelerating its IPO plans, with pricing expected around June 11 and a potential market debut by June 12 on Nasdaq. The company has fast-tracked filings after a quicker SEC review, moving ahead of its earlier late June timeline as it eyes strong investor demand.
JSW Steel reported a nearly 13-fold surge in Q4 profit driven by an exceptional gain and record volumes. The company plans aggressive expansion, targeting 78 million tonne capacity by FY32, supported by JVs, higher capex and strong domestic steel demand growth outlook.
SAIL reported a strong Q4FY26 performance with net profit rising 47% year on year and revenue growing 5%. Sequential profit surged sharply, EBITDA improved significantly, and the board recommended a dividend of Rs 2.35 per share despite mixed global steel production trends and output softness.
Sebi and CBDT relaxed PAN compliance requirements for foreign portfolio investors after concerns over complex onboarding rules. The clarifications simplify documentation, contact disclosures and taxpayer identification requirements, aiming to maintain seamless foreign investor access and improve ease of doing business in Indian financial markets.
Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed during their talks in Beijing that Tehran must reopen the strait
The government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake. MCL may raise fresh capital through multiple routes, marking another major PSU divestment initiative aimed at expanding investor participation in state-owned enterprises.
BSE has rapidly expanded its derivatives business through Sensex weekly options, sharply increasing turnover, market share and profitability. Lower transaction costs, rising retail participation and algorithmic trading boosted volumes, while derivatives growth significantly strengthened BSE’s revenue, earnings and position in India’s booming options market.
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