Current Affairs - Business

SpaceX achieved a major milestone by becoming the world's fifth most valuable listed company on June 17, 2026. The company surpassed Amazon with a market valuation of $2.655 trillion (₹251.03 lakh crore). This achievement was supported by a strong stock market performance, with shares rising 4.8% in a single day to close at $201.80. The surge was largely driven by the launch of options trading, which saw more than 1 million contracts traded in a single day. In the global valuation rankings, SpaceX secured the fifth position behind Nvidia, Alphabet (Google), Apple, and Microsoft, while moving ahead of Amazon.

Skylark Drones entered into a strategic partnership with e2E Rail to enhance railway infrastructure monitoring and maintenance through the use of AI-powered drone intelligence. The collaboration focuses on integrating drones, aerial data collection, and AI-driven analytics to improve the inspection and management of rail assets. By adopting automated surveillance and digital twin models, the partnership aims to modernise railway safety protocols and enable real-time asset tracking. Skylark Drones, headquartered in Bengaluru, is recognised for its expertise in drone data analytics and aerial solutions for infrastructure, mining, and agriculture sectors.

Hexaware Technologies inaugurated a new delivery centre in GIFT City, Gandhinagar, as part of its expansion strategy to strengthen its presence in India's growing technology ecosystem. The facility is located in the Pragya-II building within the GIFT City campus and is expected to generate around 1,000 highly skilled jobs over the next three years. The centre will focus on advanced technologies such as artificial intelligence, cloud computing, data analytics, automation, and digital transformation services. It will serve global clients across sectors including banking, financial services, insurance, healthcare, and manufacturing, contributing to Gujarat's emergence as a hub for innovation and technology-driven investments.

JSW Infrastructure secured the Letter of Award from the Syama Prasad Mookerjee Port Authority for the development of the Outer Container Terminal at Netaji Subhas Dock in Kolkata. The project will be implemented under the Design, Build, Finance, Operate and Transfer (DBFOT) model through a Public-Private Partnership (PPP) framework with a concession period of 30 years. The project is expected to enhance container handling capacity significantly, increasing the Kolkata Dock System's overall capacity while also boosting JSW Infrastructure’s total container handling capabilities across its port network.

Reliance Industries partnered with Meta Platforms to establish a 168 MW AI-enabled hyperscale data centre in Jamnagar, Gujarat. The facility is designed to support Meta’s growing global artificial intelligence, cloud computing, and data processing requirements. It is expected to be Meta’s first built-to-suit data centre in India and one of the largest AI infrastructure investments in the country. The project emphasises sustainability through renewable energy-powered operations and seawater-based cooling systems. Reliance Industries will manage the entire infrastructure lifecycle, including design, development, utility management, network connectivity, operations, maintenance, and renewable power supply.