India’s biggest telecom companies, led by rival billionaires Mukesh Ambani and Sunil Bharti Mittal, are primed to launch satellite internet services as they challenge Elon Musk’s attempts to establish Starlink in the country.

In its second meeting for FY25 and the first after the general elections, the Reserve Bank of India (RBI) announced that the benchmark repo rate will remain unchanged at 6.5 per cent for the eighth consecutive time. The decision was taken by...

Indian stock market hit record high on Monday, with the benchmark Sensex rising above 77,000 and the Nifty 50 scaling above 23,400, amid upbeat sentiment. The positive momentum in the equity market came after Narendra Modi took oath as India’s...

The National Company Law Tribunal (NCLT) approved the merger of Air India and Vistara. The merger has resulted in the creation of one of the world’s largest airline conglomerates. Under the merger deal, Singapore Airlines will own 25.1% stake...

Online payments have grown at a fast phase in recent years but frauds in such transactions have grown faster. Credit card and online frauds have increased 425% to £145.7 mn FY24 from £27.7 mn in the year-ago period. Card and UPI payments rose...

Global rating agency Standard & Poor (S&P) announced a revision in the outlook for the Indian economy from ‘stable’ to ‘positive’, while affirming the overall rating at ‘BBB-’, which represents the lowest investment grade rating. The transfer...

Tata Sons chairman N Chandrasekaran said even as AI will enhance productivity, it may also result in job losses. “It’s a mixed bag. We need to reskill and upskill to handle this change. While there will be job losses, AI will create jobs in...

Goods and services tax collections went up by 10% to £17.27 bn in May as the growth in collection from domestic sources made up for the shortfall in the imports kitty.

Tata Steel will infuse $2.1 billion (£1.74 bn) in its Singapore arm, to repay debt of its offshore entities and to “support the restructuring costs” of its loss-making UK operations. Further, it will convert debt instruments worth $565 million...

Indian equity benchmark indices BSE Sensex and NSE Nifty closed 6 per cent lower on Tuesday (June 4) after staging a partial recovery in afternoon trade. At the time of the closing bell on the day of Lok Sabha election results 2024, Sensex was...