SpaceX IPO pricing lifts Elon Musk’s net worth to around $970 billion

IANS | June 12, 2026 10:03 AM

New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) -- the Elon Musk-led rocket and satellite company -- has priced its blockbuster initial public offering (IPO), pushing Musk’s net worth to nearly $970 billion and bringing him closer to becoming the world’s first trillionaire, as per multiple reports.

Centre committed to safety and welfare of every Indian seafarer: Minister

IANS | June 12, 2026 9:14 AM

New Delhi, June 12 (IANS) The government is closely coordinating with the Ministry of External Affairs, Indian Navy, Indian Missions abroad, maritime administrations of friendly countries, shipping companies, seafarers' welfare organisations and other relevant stakeholders to ensure timely support and assistance to Indian seafarers, according to an official statement.

India not the next China, but the next India: World Bank Chief Economist

IANS | June 11, 2026 8:43 PM

Washington, June 11 (IANS) India has entered a phase of “peak development potential” and is poised to sustain high growth over the next two decades, the World Bank's Chief Economist Indermit Gill said, arguing that the country's economic trajectory will be driven by its own strengths rather than by following China's development model.

Middle East conflict: World Bank readies $100 billion crisis shield

IANS | June 11, 2026 8:20 PM

Washington, June 11 (IANS) The World Bank Group said on Thursday it is prepared to deploy up to $100 billion over the next 15 months to help developing countries cope with the economic fallout from the conflict in the Middle East, as rising energy prices and slowing growth place fresh pressure on vulnerable economies.