Anduril CEO Palmer Luckey. Anduril, the defense technology startup founded by Palmer Luckey in 2017 is reportedly in talks for a funding round which could value the company at $60 billion. The firm, which designs autonomous systems like the Fury combat drone and Ghose Shark submarine, is now riding on the globale increase in defense…
Iran’s Fatah-III short-range ballistic missile; THAAD missile defence system The ongoing conflict in the Middle East has seen the principal actors—the United States-Israel on one side and Iran on the other side—deploy a wide range of weapon systems. The conflict entered its 32nd day on Tuesday, having begun on February 28 with coordinated US-Israeli strikes…
US military is constructing a massive underground complex beneath a new, privately funded ballroom at the White House. The facility will include a Presidential Emergency Operations Centre (PEOC), a secure command centre that has existed since the second World War.Speaking to reporters on Sunday evening aboard Air Force One, Trump confirmed the project, saying, “The…
Tesla is shifting into high gear in Japan. CEO Elon Musk has announced a ‘big’ investment in the country, focused on expanding the electric vehicle (EV) maker’s service infrastructure and Supercharger network to keep up with increasing demand. According to a report by Nikkei Asia, the expansion comes as Tesla aims to more than double…
The US Citizenship and Immigration Services (USCIS)’s new rules related to Form I-129 will kick in from April 1, 2026. Under the change, the immigration authority will stop accepting H-1B and other visa applications if it is received in the 01/20/25 edition of Form I-129. For those unaware, the Form I-129 is used by employers…
US war secretary Pete Hegseth’s assistant Sean Parnell on Tuesday dismissed the report claiming that his broker explored options to invest in defence-linked assets shortly before the US-Israeli military action against Iran. He demanded “immediate retraction” of the report.“This allegation is entirely false and fabricated. Neither Secretary Hegseth nor any of his representatives approached BlackRock…
Padres team (Image via Getty) The San Diego Padres are heading into the 2026 season with a big decision to make. Their starting rotation still has gaps, and they need to fix them if they want to stay competitive. With Yu Darvish’s $15 million no longer counting against the payroll due to his restricted-list status,…
NEW DELHI : Bharti Airtel on Monday announced an investment of $1 billion by Alpha Wave Global, Carlyle and Anchorage Capital, through their affiliates, in Nxtra Data, the telecom company’s subsidiary in the data centre business.Airtel will also participate in the round as part of Nxtra’s efforts to expand its network across the country and…
MUMBAI : As the stock and the forex market witnessed huge volatility on Monday, the benchmark yield on 10-year govt securities (G-Secs) jumped to close fiscal 2025-26 (FY26) above the 7 per cent mark, a level not seen since July 2024. During March, the benchmark yields rose 37 basis points (100 basis points = 1…
MUMBAI: Former HDFC Bank chairman Atanu Chakraborty, who quit the bank’s board on March 18, citing “incongruence” between his values and certain internal practices, has disputed managing director Sashidhar Jagdishan’s claim that action against staff over the sale of high-risk bonds to Gulf customers was unrelated to the boardroom dispute.In an interview to CNBC, Chakraborty…