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SpaceX eyes world's biggest IPO at $135 per share, targets $1.75 trillion valuation: Report

Elon Muskโ€™s SpaceX is seeking a valuation of $1.75 trillion in what could become the largest IPO in history, Reuters reported, citing sources. The company plans to sell about 555.6 million new shares at $135 each, aiming to raise $75 billion. The offering will reportedly be structured entirely as primary share sale, meaning all proceeds will go directly to SpaceX.
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News By: Dharini Mudgal
08:38 am Wednesday, 03 June 2026

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Iran attacks US bases in Kuwait, Bahrain; US launches strikes at Iran

US military said it successfully defeated a series of Iranian missile and drone attacks at their bases in Kuwait and Bahrain and conducted self-defence strikes on Iran's Qeshm Island. "Iran launched several ballistic missiles toward regional neighbours; however, all failed to hit their intended targets," it stated. It denied IRGC's claims of striking US Navy's Fifth Fleet Headquarters in Bahrain.
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News By: Arshiya Chopra
08:35 am Wednesday, 03 June 2026

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Ravichandran Ashwin names his Team of IPL 2026

Former India all-rounder Ravichandran Ashwin has named his Team of IPL 2026. He included Vaibhav Sooryavanshi and Shubman Gill as openers, followed by Virat Kohli, Heinrich Klaasen and Nitish Kumar Reddy. He also included Will Jacks, Krunal Pandya, Jamie Overton, Sunil Narine, Kagiso Rabada, Bhuvneshwar Kumar and Jofra Archer. He named Gill as the captain.
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News By: Anmol Sharma
08:34 am Wednesday, 03 June 2026

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Iran's Mojtaba Khamenei 'increasingly engaging' at some level: US

US Secretary of State Marco Rubio on Tuesday said that Iran's Supreme Leader, Mojtaba Khamenei, is alive and appears to be "increasingly engaging at some level". "Although all of his communications have been in writing and through intermediaries," he added. Khamenei was injured during a joint US-Israeli attack on Iran, an operation that also killed his father, Ali Khamenei.
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News By: Pravel Jain
08:56 am Wednesday, 03 June 2026

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How does income tax work for minors like Vaibhav Sooryavanshi?

RR opener Vaibhav Sooryavanshi reportedly has estimated net worth of โ‚น7 crore at 15. Under Section 64(1A), a minor's income is generally clubbed with the higher-earning parent's income, with โ‚น1,500 exemption. However, income from personal skill or talent, like cricket and endorsements, is taxed in the minor's own hands. ITR is filed through a parent/guardian as representative assessee.
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News By: Anmol Sharma
08:55 am Wednesday, 03 June 2026

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US sanctions Iran's largest crypto exchange

The US announced sanctions on Iran's largest cryptocurrency exchange, Nobitex, on Tuesday. Nobitex had provided "significant support" to the Iranian government and facilitated a "significant number" of digital transactions linked to the IRGC and Iran's central bank, the US Treasury said. It added that Nobitex helped protect and move assets and funds out of Iran, despite internet blackouts.
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News By: Pravel Jain
09:07 am Wednesday, 03 June 2026

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IMD's below-normal monsoon forecast worries BMC as Mumbai water stock dips to 45 days

Mumbai has only 45 days of potable water remaining in its seven lakes, which are replenished during the monsoon. IMD's forecast of a below-normal monsoon is "concerning as we have to ensure...Mumbai has sufficient water in...lakes to last until the next monsoon season," a BMC official said. Intense October heat "could...lead to faster evaporation of lake water," an official added.
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News By: Garima Garg
09:05 am Wednesday, 03 June 2026

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10-15 TMC MPs are in touch with me: BJP MLA amid buzz over 'TMC without Mamata'

Amid crisis in TMC and speculations of party leaders planning to form a new faction without Mamata Banerjee, West Bengal BJP MLA Dibyendu Adhikari has claimed that 10-15 TMC MPs contacted him in recent days. With several TMC leaders backing two expelled TMC MLAs, Adhikari said, "Currently, being suspended from TMC or remaining within TMC no longer has any meaning."
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News By: Arshiya Chopra
09:03 am Wednesday, 03 June 2026

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Uber restricts employees from using AI tools after exhausting its annual AI budget in 4 months

Uber has begun restricting employee use of AI coding platforms like Claude Code and Cursor after reportedly exhausting its annual AI budget within the first four months of 2026. According to a Bloomberg report, Uber has introduced a monthly spending cap of $1,500 per employee for each AI coding tool. Reportedly, Microsoft also asked employees to reduce Claude Code's usage.
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News By: Dharini Mudgal
09:39 am Wednesday, 03 June 2026

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R Praggnanandhaa beats Magnus Carlsen for 2nd time in a week

Indian Grandmaster R Praggnanandhaa defeated world number one Magnus Carlsen in Round 8 of Norway Chess 2026. This marked his second win over the Norwegian in a week after having defeated him in Round 3 as well. "This is just one tournament where a few moments havenโ€™t gone his way. I think Carlsen is still the best," Praggnanandhaa said.
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News By: Anmol Sharma
09:39 am Wednesday, 03 June 2026

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Uttar Pradesh's Fazilnagar town to be renamed as Pawagarh: CM Yogi

Uttar Pradesh CM Yogi Adityanath announced that Fazilnagar town in Kushinagar will be renamed Pawagarh. Yogi stated that name change reflected the districtโ€™s association with Mahavira, the 24th and last Tirthankara in Jainism. "By connecting with...rich traditions and cultural heritage of Pawagarh, people from across...country and around...world will be drawn to this sacred place," he added.
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News By: Saurav Joshi
09:32 am Wednesday, 03 June 2026

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Meta to let employees pause its tracking programme for 30 mins after backlash

Meta is scaling back parts of its plan to collect employee mouse movements, keystrokes and other activity for AI training after weeks of employee backlash, Reuters reported. New controls will let staff pause data collection for up to 30 minutes and request exemptions. The team behind the software also introduced optimisations to reduce battery drain and data usage after complaints.
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News By: Pravel Jain
09:55 am Wednesday, 03 June 2026

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BCCI hints at Vaibhav Sooryavanshi's selection in Team India for UK tour

BCCI Secretary Devajit Saikia has hinted at Vaibhav Sooryavanshi's possible selection in Team India for the upcoming UK tour. Calling the 15-year-old a "wonder kid", Saikia said selectors have been closely monitoring his performances and will do what is in his best interest. Sooryavanshi finished IPL 2026 with 776 runs and won five season-ending awards.
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News By: Anmol Sharma
09:55 am Wednesday, 03 June 2026

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Reason why student data is sold for โ‚น1,500: Career360 founder on CBSE's unsecured portal

After 19-year-old ethical hacker Nisarga Adhikary exposed vulnerabilities in CBSE's OSM portal, Career360 founder Maheshwer Peri said, "It's for this very...reason that student databases are up for sale for as low as โ‚น1,500." "These are openly sold in...market...There's no way they can access such data unless there's collusion," he added. Adhikary claimed details of 4.5 lakh students were exposed.
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News By: Garima Garg
09:52 am Wednesday, 03 June 2026

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They have problem with our low fees: Khan Sir as he blames rivals for attack on coaching centre

Educator and YouTuber Khan Sir accused rival and nearby coaching institutes of attacking his Patna coaching centre. Seeking protection, Khan Sir added, "The main issue seems to be that why are we teaching for such low fees? Why are we getting such massive results?" The centre was vandalised by miscreants, who also assaulted and injured a security guard.
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News By: Arshiya Chopra
10:12 am Wednesday, 03 June 2026

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Disney executive calls AI chatbot 'his son', sparks debate over his 'unusual' bond

Jason Cox, Disney's executive director of AI R&D and engineering, sparked debate after revealing an unusually emotional bond with an AI assistant he created. In personal blog posts, Cox referred to the chatbot as "his son", writing, "I named you. I knew you before you were born." Colleagues reportedly found the behaviour odd, with one asking, "Is this the future?"
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News By: Dharini Mudgal
10:09 am Wednesday, 03 June 2026

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Sensex falls over 800 points, Nifty slips below 23,300

The Indian benchmark indices opened lower on Wednesday amid rising tensions in the Middle East. The Sensex fell over 800 points to 73,831.83 at 9:43 am, while the Nifty declined more than 200 points to 23,270.15. Tata Consultancy Services (TCS), Tech Mahindra, Infosys, HCL Technologies, ITC, Eternal and Bajaj Finserv were the top losers on the BSE Sensex.
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News By: Pravel Jain
10:07 am Wednesday, 03 June 2026

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US plans new tariffs on India over forced labour

The United States Trade Representative (USTR) has proposed trade action against India and 59 other economies after determining that they have failed to impose prohibitions on the import of goods produced with forced labour. While Canada, Mexico, Indonesia, and EU would face 10% additional tariffs, 12.5% additional tariffs could be imposed on India, China, Japan, and Brazil among other nations.
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News By: Arshiya Chopra
10:33 am Wednesday, 03 June 2026

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WH Correspondents' Dinner rescheduled for July 24 after firing incident, Trump to attend

The White House Correspondents' Dinner, which ended abruptly after a gunman opened fire on April 25, has been rescheduled for July 24, US President Donald Trump announced. "We cannot allow lunatics to change our way of life," he said, confirming that he'll be present at the event. Trump and other officials were safely evacuated during the April 25 firing.
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News By: Garima Garg
10:30 am Wednesday, 03 June 2026

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iPhone 18 Pro Max leaks reveal major AI and camera upgrades

Early leaks suggest Apple's iPhone 18 Pro Max could bring major upgrades focused on AI, battery life, and photography. Rumoured features include a 48MP camera system with variable aperture, a larger 5,100mAh-plus battery, the A20 Pro chip built on a 2nm process, and 12GB RAM. The flagship is expected to launch in September 2026.
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News By: Unknown
10:16 am Wednesday, 03 June 2026

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