The benchmark stock indices have opened the day on a positive note on the back of favorable global cues.
Yet another big-ticket FDI investment may be on its way into India as Walmart looks to pick a stake in a Tata Group business.
Join us as we follow the top business news through the day.
10:40 AM
Musk plans IPO for SpaceX’s Starlink business
Tesla Inc Chief Executive Officer Elon Musk plans to list SpaceX’s space internet venture, Starlink, several years in the future when revenue growth is smooth and predictable.
“Public market does *not* like erratic cash flow haha,” the billionaire entrepreneur tweeted on Monday.
Musk said last year that Starlink was an important new revenue stream for his California-based Space Exploration Technologies, or SpaceX.
SpaceX President Gwynne Shotwell in February floated the idea of spinning Starlink off for an IPO in the coming years.
10:20…
