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SpaceX Buys Cursor for $60B: Four MIT Founders Become Billionaires, June 17
SpaceX acquires Cursor AI for $60 billion in all-stock deal. Four MIT co-founders become multibillionaires. Deal closes Q3 2026.
Strategy Inc (MSTR) Faces Dividend Strain as Bitcoin Holdings Weigh on Stock
MicroStrategy (MSTR) stock faces pressure as STRC preferred stock trades below par. Dividend coverage and acquisition strategy draw analyst scrutiny.
SpaceX Acquires Cursor for $60 Billion in All-Stock Deal, June 18
SpaceX acquires Cursor for $60 billion in all-stock deal to enhance AI capabilities and compete in enterprise coding tools.
Yum Brands Sells Pizza Hut for $2.7B to LongRange Capital, June 17
Yum Brands sells Pizza Hut to LongRange Capital and Yum China for $2.7B, splitting operations as the brand faces declining sales.
IDBI Bank Surges 19% on Divestment Hopes, June 17
IDBI Bank stock surged 19% to Rs 90.36 on June 17 as government confirms divestment on track for FY27 amid privatisation hopes.
SpaceX Acquires Cursor for $60 Billion in All-Stock Deal, June 17
SpaceX to acquire AI coding platform Cursor for $60 billion in all-stock deal. Transaction expected to close in Q3 2026, pending regulatory approval.
SpaceX Buys Cursor for $60 Billion in Stock Deal, June 17
SpaceX acquires Cursor for $60 billion in stock to strengthen AI coding division. Deal closes Q3 2026. SpaceX shares up 16% on announcement.
Coforge Shares Rise as Company Targets $5 Billion Revenue by FY2030, Analysts Focus on AI Execution Plans
Coforge shares are back in focus after the company laid out an ambitious long-term roadmap. The IT services firm is targeting $5 billion in revenue by FY2030, and the market is reacting with renewed interest. We are seeing a clear shift in sentiment. Investors are no longer just reacting to quarterly results. They are now…
EPFO 3.0 Rollout: New UPI Withdrawal Facility and Enhanced Auto-Claim Limits for Members
EPFO 3.0 is reshaping how millions of Indians access their provident fund savings. The Employees’ Provident Fund Organisation has commenced the rollout of this next-generation digital platform, developed in collaboration with the National Payments Corporation of India. This framework covers roughly 30 crore members and is expected to be fully rolled out by mid-2026. The…