Elon Musk-owned Starlink is preparing to establish 9 gateway earth stations across India as it gears up to launch its satellite communication (satcom) services in the country.The proposed stations will be located in Mumbai, Noida, Chandigarh, Hyderabad, Kolkata and Lucknow.“The company has applied for 600 gigabit per second capacity over India through its Gen 1…
Donald Trump, Mark Carney (AP) US President Donald Trump announced late Thursday that he is halting “all trade negotiations” with Canada, citing recent television ads protesting US tariffs as “egregious behavior” intended to influence American court decisions.“The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald…
The White House press secretary Karoline Leavitt on Thursday (local time) claimed that India had scaled back Russian oil imports at US President Donald Trump’s “request” and China was doing the same.“If you read the sanctions and look at them, they’re pretty hefty. I saw some international news out of China this morning that they’re…
MUMBAI: SBI received two awards from Global Finance, New York – World’s Best Consumer Bank 2025 and Best Bank in India 2025 – at the Global Finance awards held during the World Bank and IMF annual meets. The recognition, according to the bank, reflects its progress in digitalisation and financial inclusion. Source link
MUMBAI: India’s outward remittances for overseas education fell 24% year-on-year to about $0.32billion in Aug 2025 from $0.42billion in Aug 2024. The figure was the lowest for Aug since 2017, a month that typically sees higher remittances at the start of the academic season in US.“The 24% fall in education remittances highlights how closely India’s…
India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that…
The United Kingdom has announced fresh hikes for in-country expedited immigration services, effective October 21, Tuesday, continuing a trend of significant hikes over the past two years.Expedited processing of sponsorship management requests for worker, temporary worker, or student sponsors now costs GBP 350, up 75% from GBP 200. Meanwhile, priority service for sponsor licence applications…
As global sanctions, including the latest ones from the Trump administration against Moscow intensify, many Indian refiners are evaluating their Russian oil trade documents.Reliance Industries Ltd, top Indian buyer of Russian crude, is also in the process of “recalibrating” imports from Russia to remain consistent with government guidance. Trump’s New Russian Oil Threat; What It…
Russia said that recent US sanctions targeting its oil sector could potentially undermine diplomatic initiatives. (AI image) Russia has slammed Donald Trump administration’s sanctions on its oil firms saying that the move undermines efforts for peace, adding that it is immune to any such restrictions.Russia said that recent US sanctions targeting its oil sector could…
The global economy is slowing down and trade dynamics are undergoing a change.At a time like this, India needs to evaluate its export strategies, with focus on long-term competitiveness through technology, cost efficiency, and domestic production, Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI) explainedSpeaking to ANI, Srivastava said, “The focus should be…
After United States, the European Union has also imposed sanctions on Russia, targeting the country’s oil industry in efforts to intensify international efforts to block the funds that Moscow depends on to sustain its invasion of Ukraine.Earlier on Wednesday, US President Donald Trump had announced sanctions on Russian oil firms.Ukrainian President Volodymyr Zelenskyy welcomed the…
Tensions between US and China might ease over the coming days as the two nations will be meeting in Malaysia for the next round of trade talks.“As agreed by both China and the United States… vice premier He Lifeng will lead a delegation to Malaysia from October 24 to 27 and hold economic and trade…
India’s biggest business houses delivered a mixed performance during Samvat 2081, with some posting stellar gains while others struggled to keep pace.Bharti Group, led by Sunil Mittal, emerged as the top wealth creator of the year with its combined market value surging to a whopping 24.8%, driven by a strong rebound in Bharti Airtel’s profitability….
Trade tensions between Washington and Beijing might rise further as the US is planning its next move against China, after the 155% tariff threat.The Trump admin is reportedly preparing a response to China’s recent rare earth export restrictions by limiting shipments of US software-powered products to Beijing, a US official told Reuters. The proposed measures…
NEW DELHI: The National Highways Authority of India (NHAI) has started putting details of land acquisition status and statutory clearances for each highway project — tenders of which are out or will be floated — online. This is aimed at bringing greater transparency, and reducing disputes and arbitrations after projects are bid out.The exercise began…
India’s gold reserves held by the Reserve Bank of India (RBI) surpassed 880 metric tonnes in the first half of 2025-26, with the central bank adding 0.2 metric tonnes in the last week of September. The total value of the gold stood at $95 billion as of September 26, 2025, according to the latest RBI…
File photo: Union minister Piyush Goyal (Picture credit: ANI) India has adopted the path of “Atmanirbharta” or self-reliance to address vulnerabilities revealed in global supply chains, placing greater importance on resilience and trust over mere cost efficiency, union minister for commerce and industry Piush Goyal said. Speaking at the UNCTAD ministerial roundtable on ‘Towards Resilient,…
India’s non-fossil fuel-based power generation capacity is set to reach around 300 gigawatts (GW) soon, with over 40 GW of renewable energy projects in advanced stages of signing power purchase agreements (PPAs) and securing transmission connectivity, the ministry of new and renewable energy (MNRE) said on Wednesday.As of September 30, India’s non-fossil fuel capacity stood…
File photo: Union commerce and industry minister Piyush Goyal (Picture credit: ANI) Union commerce and industry minister Piyush Goyal will embark on an official visit to Berlin, Germany, from Thursday, marking a milestone in India-Germany engagement, as 2025 commemorates the 25th anniversary of the India–Germany Strategic Partnership. The visit aims to deepen bilateral economic ties…
File photo (Picture credit: AP) US stocks are trading largely flat on Wednesday as investors await earnings results from electric carmaker Tesla, while gold prices extended their decline from record highs.According to news agency AP, the S&P 500 slipped 0.1% in early trading, staying just below its all-time high set earlier this month. The Dow…
