NEW DELHI: Airtel gained a significant edge in the domestic telecom market by striking an agreement with Elon Musk’s Starlink to market the broadband and internet satellite services of the American company, while also using the latter’s network to supplement its coverage across the country.Work on the partnership will, however, start only after Starlink –…
US President Trump increased tariffs on Canadian steel and aluminum imports to 50%, citing Ontario’s electricity price hikes. The decision led to a drop in the US stock market, sparking concerns about economic slowdown and recession risks. Economists warn of inflation and growth challenges, while the White House emphasizes job creation and factory investments in…
Wall Street, New York City (File photo-AP) US stock markets tumbled further on Tuesday after President Donald Trump intensified his trade war by announcing a sharp increase in tariffs on Canadian steel and aluminum, doubling the planned hike to 50%. The move sent Wall Street reeling, with the S&P 500 falling 1.1% in afternoon trading,…
NEW DELHI: Airtel scored a massive edge in the domestic telecom market by striking an agreement with Elon Musk’s Starlink satcom venture, announcing a deal on Tuesday to market the broadband and internet satellite services of the American company while also using its network to supplement its coverage across the country.However, the work on the…
Trump’s tariffs: India’s low goods exports to the US could be its saving grace, says Morgan Stanley. (AI image) For long India has been a laggard when it came to export manufactured goods but very strong in exporting services to the world. With the US turning on the heat on its major trading partners from…
The tech-heavy Nasdaq led sharp losses among major US stock indexes on Monday, dropping over 3% to a near six-month low, on fears that US President Donald Trump’s tariff policies would spark an economic slowdown. The benchmark S& has fallen over 8% from its Feb high.Financial markets have been volatile in recent weeks as rising…
India’s stock market turmoil deepened on Tuesday as IndusInd Bank shares nosedived 25%, hitting a 52-week low of ₹674.55 losing approx. 16000 market cap in just 2 hours. This dramatic drop—the steepest since March 2020—came after the bank admitted to accounting discrepancies in its derivatives portfolio, triggering panic among investors and analysts alike.With concerns mounting…
National Company Law Appellate Tribunal (NCLAT) on Monday dismissed petitions challenging ICICI Securities’ delisting process from stock exchanges.It said the failed to demonstrate any illegality in either the process followed for sanctioning the scheme or in the terms of the plan itself.A two-member NCLAT bench said the petitioners did not have requisite shareholding and were…
Leave Travel Allowance (LTA) is a tax-saving benefit provided to salaried employees, allowing them to claim exemptions on travel expenses incurred during leave. It helps reduce taxable income under certain conditions and applies to transportation costs for travel within India. However, the exemption is subject to actual expenses and the limits set by tax authorities…
CHENNAI: Recovery in rural consumption will be faster than the urban areas, said Godrej Consumer Products (GCPL) MD & CEO Sudhir Sitapati.“Rural markets have actually picked up, but they got compensated by a very poor urban performance in Q3 (FY25). Our anticipation is rural recovery will be faster than the urban recovery. There were some…
