Business News

Business

Trai Mandates 4% Revenue Fee for Satellite Communication Giants Like Starlink and OneWeb

Trai recommends a 4% AGR charge for satellite communication operators like Starlink and OneWeb, with spectrum assigned for five years. Subsidies for rural installations and charges...

Business

Billionaire Sunil Mittal Eyes $2 Billion Haier India Stake Amid Surging Appliance Demand

Sunil Mittal, in partnership with Warburg Pincus, is negotiating a $2 billion stake in Haier India, targeting the growing appliance market. The deal reflects Haier's significant gr...

Business

Rupee Rebounds Against Dollar Amid RBI Intervention, Closes at 85.37 Despite Geopolitical Tensions

The rupee rebounded to close at 85.37 against the dollar, thanks to RBI's intervention, despite a weekly decline due to India-Pakistan tensions affecting investor sentiment and equ...

Business

Exclusive: Banks and Oil Giants Assure Uninterrupted Services Amid Rising Tensions

Banks and oil companies have confirmed that services remain uninterrupted despite recent tensions. IndianOil, HPCL, and BPCL assure ample fuel stocks, while major banks ensure ATM ...

Business

Companies Implement Work-from-Home and Manufacturing Adjustments Amid India-Pakistan Tensions

Companies in India are adjusting operations and implementing work-from-home policies due to rising tensions with Pakistan, ensuring employee safety and supply chain continuity with...

Business

Japan's SMBC Invests Heavily in Yes Bank: A Strategic Move to Capture India's Booming Market

Japan's SMBC is acquiring a 20% stake in Yes Bank for Rs 13,483 crore, marking India's largest cross-border banking investment. This move could reshape Yes Bank's strategy and high...

Business

Swiggy Sees 35% Revenue Surge Amidst Expanding Losses: A Deep Dive into Its Financial Health

Swiggy reports a 35% increase in revenue but faces widening losses due to heavy investments in its quick-commerce vertical, Instamart. Despite this, its food delivery business show...

Business

India's Strategic Abstention on IMF Pakistan Loan: A Deep Dive into the Reasons and Implications

India abstained from voting on an IMF loan package for Pakistan, citing concerns over Pakistan's poor implementation of IMF conditions, misuse of funds for terrorism, and lack of m...