IMF on Monday approved a disbursement of around $1.2 billion to Pakistan, lifting the country’s total inflows under the Extended Fund Facility and the Resilience and Sustainability Facility to roughly $3.3 billion. The IMF Executive Board cleared the payment during its meeting in Washington, citing the country’s efforts in macroeconomic reforms.Pakistan remains heavily reliant on…
JP Morgan has a neutral rating on Bajaj Finance with the target price at Rs 1,040. Analysts said that the recent analyst by the company underscored the company’s strategic vision to continue to deliver industry-leading growth towards achieving its goal of 3.2-3.5% of total credit market share and 3.6-4% of retail credit market share (vs…
NEW DELHI: Elon Musk’s Starlink on Monday announced inaugural prices for its satellite venture in India and, as expected, these were many times more than a regular high-speed broadband connection that is currently being provided by terrestrial providers such as Airtel and Reliance Jio.The company put a Rs 8,600 monthly tariff for its satcom services…
US President Donald Trump reignited tensions with Mexico, threatening to impose a 5% tariff on Mexico over an ongoing water-sharing dispute, accusing the neighbouring country of withholding supplies guaranteed under a decades-old treaty. Posting on his Truth Social account on Monday (local time), Trump said that he will raise duties on Mexican imports once again…
Moody’s Flags Fin Impact | Analysts Divided On Stock Path MUMBAI: The stock price of InterGlobe Aviation, the company that runs IndiGo, slid another 8.3% on Monday as government is seen to be taking a tough stance amid the airline’s flight operations crisis.The crisis has left IndiGo’s investors poorer by a little over Rs 37,700…
MUMBAI: The weakening rupee and unabated selling by foreign funds weighed on investor sentiment on Dalal Street on Monday, pulling down sensex by 610 points to 85,103 points. A rate cut decision by RBI and strong GDP growth numbers for the Sept quarter failed to arrest the slide in stock prices, market players said.Nifty lost…
NEW DELHI: Telecom regulator Trai and the department of telecom (DoT) are at loggerheads over fixation of satcom spectrum charges for the companies and other critical matters at a time when satcom players, such as Elon Musk’s Starlink and Sunil Mittal’s Bharti group-backed Eutelsat OneWeb wait for regulatory clarity before beginning commercial services in India,…
BENGALURU: Ex-India captain Virat Kohli has invested Rs 40 crore in sports platform Agilitas Sports, co-founded by former Puma India MD Abhishek Ganguly. Agilitas is also acquiring One8, the sportswear brand co-created by Kohli, to fast-track its ambition of crafting India’s high-performance sportswear label.In April, Kohli ended his endorsement deal with Puma and has instead…
Mumbai: Larsen & Toubro will transfer its real estate business to L&T Realty Properties, a wholly owned subsidiary of the company, for Rs 6,297 crore as part of a restructuring effort. The decision was made at the Monday board meeting held in Muscat, Oman. The real estate business generated revenue of Rs 641 crore during…
Elon Musk’s Starlink has set its Indian launch price at Rs 8,600 monthly, plus a Rs 34,000 hardware fee. This significantly exceeds current terrestrial broadband options like Airtel and Jio, which offer speeds up to 40MBPS for under Rs 500. Starlink promises unlimited data and 30-day trials, but service commencement hinges on government spectrum allocation….
