MUMBAI: RBI said its stance on cryptocurrency remains unchanged, even as a govt panel continues to examine the issue. “There is no new development following the Supreme Court pronouncement on the crypto matter,” RBI governor Sanjay Malhotra said at the post-policy press conference. “RBI has maintained a consistent stance on this issue. A govt committee is currently examining the matter. …
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NEW DELHI: The economic advisory council to the Prime Minister (EAC-PM) has been reconstituted with noted economist S Mahendra Dev being appointed as the chairperson, replacing Niti Aayog vice chairman Suman Bery.Three full time members – Sanjeev Sanyal, Sanjay Kumar Mishra and Shamika Ravi – have been retained. New part time members who have been appointed include Soumya Kanti Ghosh, …
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NEW DELH: A local factory for Tesla’s electric cars may be some time away, but Elon Musk‘s satellite communications venture Starlink has finally received a go-ahead from govt to launch services in the country.Starlink got approval for three licences – Global Mobile Personal Communication by Satellite (GMPCS), Commercial Very Small Aperture Terminal (VSAT), and Internet Service Provider (ISP) – which …
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MUMBAI: The sensex rallied 747 points (0.9%) on Friday to close at 82,189 points after RBI cut interest rate by 50 basis points (100bps = 1 percentage point), a move that market players feel has the potential to spur economic growth with loans becoming cheaper. Banking and financial stocks led the day’s rally that added about Rs 3.6 lakh crore …
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MUMBAI: RBI on Friday issued revised norms for loans backed by gold and silver, aimed at widening credit access for small borrowers and standardising regulations across banks and NBFCs. The new rules will come into force from April 1, 2026.Under the revised framework, loan-to-value (LTV) ratio for smaller consumption loans has been increased. Borrowers can now avail loans up to …
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BENGALURU: The Director General of GST Intelligence (DGGI) has closed the pre-show cause notice proceedings against Infosys in the Rs 32,000-crore tax controversy. “In continuation of our earlier communications on July 31, 2024, Aug 1, 2024, and Aug 3, 2024, on GST, this is to inform that the company today received a communication from the DGGI closing the pre-show cause …
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Delta Air Lines has issued a stark warning that proposed tariffs under a national security investigation could severely disrupt its operations, potentially grounding flights for millions of passengers annually.In legal documentation submitted to the US government and shared with Fox News Digital, Delta objected to possible tariffs stemming from a Commerce Department probe into the national security implications of imported …
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The rupee appreciated by 11 paise to close at 85.68 against the US dollar on Friday, reversing early losses after the Reserve Bank of India (RBI) delivered a surprise 50 basis point repo rate cut and announced a phased 100 basis point reduction in the cash reserve ratio (CRR).The local unit opened weak at 85.91, down 12 paise from the …
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Tata Electronics signed a memorandum of understanding (MoU) with Bharat Electronics Limited (BEL) to ramp up the development of indigenous semiconductor and electronics solutions.The agreement, signed on 5 June 2025 at Bombay House in Mumbai, brought together Tata Electronics and BEL to address India’s growing demand, PTI reported. The pact was signed by Randhir Thakur, CEO and managing director of …
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The fallout between Trump and Musk has created significant implications for both these influential figures. The spat between US President Donald Trump and world’s richest person Elon Musk, is getting uglier as each hour of the day passes. From trading harsh barbs to threats, it’s a fight like no other. And it keeps getting worse! Once avid supporters of each …
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