
News from The Hindu Business Line
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Top The Hindu Business Line News

Elon Musk · United StatesSpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies. “This marks not just the next chapter, but the next book in SpaceX and xAI’s mission,” a statement on SpaceX’s website said. The merger could be seen as an indication of the cash xAI needs to compete in the fast-growing field of AI, as well as the technology’s importance in future of space exploration.See the Story
Elon Musk’s SpaceX to Acquire xAI, Creating World’s Most Valuable Private Company
48% Center coverage: 230 sources

Tariffs · IndiaUS President Donald Trump and Indian Prime Minister Narendra Modi have agreed to a trade deal that significantly cuts US tariffs on Indian goods, a move aimed at easing longstanding trade tensions between the two largest democracies. Under the agreement, the levy that stood at 50 per cent has been reduced to 18 per cent, with Washington withdrawing the extra penalty previously linked to India’s purchase of Russian crude oil and leaving only the revised reciprocal tariff in place.See the Story
India Gains Edge as US Tariff Deal Lowers Rates Below China, Pakistan, Indonesia
52% Right coverage: 25 sources

Business & Markets · United StatesWall Street ended sharply lower on Tuesday as investors worried about AI creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.See the Story
Wall Street ends sharply down as traders fret about AI disruption
67% Center coverage: 12 sources
