Govt issues LoI to Starlink for satcom services

The government has issued Letter of Intent to Starlink for satcom services, sources said on Wednesday. Illustration: Dado Ruvic/Reuters Starlink is a satellite internet service developed by SpaceX — the American aerospace manufacturer and space transportation company founded in 2002

Oil: India to save Rs 1.8 lakh cr on import bill

India, the world’s third largest oil importing and consuming nation, is likely to save as much as Rs 1.8 lakh crore on import of crude oil and LNG if the trend of softening international energy rates continues, Icra said Wednesday.

Stocks to Watch: Godrej Consumer, Prestige Estates, Mahanagar Gas, Paytm and more

1 / 11 Godrej Consumer Products | The company reported a consolidated net profit of ₹412 crore in the March quarter, reversing a loss of ₹1,893.2 crore in the same period last year, largely due to a steep fall in

Wall Street today: US stocks rise ahead of Fed rate decision

US stock indices opened slightly higher on Wednesday ahead of the Federal Reserve’s decision on interest rates later in the day. Investors are hoping for de-escalation in trade tensions with China. At the opening bell, the Dow Jones Industrial Average

The price of building India: Why cement remains in the 28% GST slab

The 31st meeting of the Goods and Services Tax (GST) Council, held in December 2018, deferred a decision to reduce the GST rate for cement from 28 per cent to 18 per cent. Kindly note the image has been published

Banking, oil shares drag Sensex down 156 points

Benchmark indices Sensex and Nifty ended lower in a range-bound trade on Tuesday due to profit booking, mainly in banking and oil shares, and investors staying on the sideline amid escalating tensions between India and Pakistan. Photograph: Arko Dutta/Reuters Snapping

What are India’s free trade agreements?

India finalised a free trade agreement with the UK, its 16th so far as the country aimed at boosting bilateral trade and investments. Illustration: Uttam Ghosh/Rediff The other regions and countries with which India has signed such agreements include the

India, UK conclude landmark multi-billion-pound trade deal

India and the UK on Tuesday sealed an ambitious free trade deal along with a double contribution convention with Prime Minister Narendra Modi saying that the landmark pacts will catalyse trade, investment, growth and job creation in both the economies.

Cyient’s US subsidiary fined $26,780 by IRS for employer health coverage lapse

Domestic technology company Cyient Ltd on Monday (May 5) said its US-based wholly owned subsidiary Cyient Inc. has received a penalty order of USD 26,779.74 from the U.S. Department of the Treasury’s Internal Revenue Service (IRS). “This is to inform

Wall Street today: US stocks slip on Trump’s pharma tariff threats

US stock indices opened lower on Tuesday, after President Donald Trump threatens pharma tariffs and amid subdued corporate earnings. At the opening bell, the Dow Jones Industrial Average fell 218.6 points, or 0.53%, to 41,000.19. The S&P 500 fell 44.5