Business

New Delhi: In a significant feat under Prime Minister Narendra Modi's visionary government, India has made key strides in the last decade in reducing its extreme poverty rate, which fell to 5.3 per cent in 2022–23 from 27.1 per cent in 2011–12, latest World Bank...

New Delhi: Elon Musk's Starlink has received a licence from the telecom department for providing satellite internet services in India, a key milestone that will take it closer towards launching commercial operations in the country. Starlink is the third company after Eutelsat OneWeb and Jio...

Mumbai: Benchmark equity indices surged Friday, with the Sensex climbing 746.95 points and Nifty reclaiming the 25,000-level after the RBI cut interest rates by more-than-expected 50 basis points -- a third consecutive reduction -- and reduced the cash reserve ratio for banks to provide a...

Washington: As President Donald Trump and Elon Musk argued on social media Thursday, the world's richest man threatened to decommission a space capsule used to take astronauts and supplies to the International Space Station. After Trump threatened to cut government contracts given to Musk's SpaceX...

Brescia (Italy): India and Italy have agreed to increase cooperation in areas such as manufacturing, auto, aerospace, energy transition, migration and mobility, an official statement said Friday. These issues were discussed during the meetings between Commerce and Industry Minister Piyush Goyal and Italy's Deputy Prime...

Washington: President Donald Trump Thursday threatened to cut Elon Musk's government contracts as their fractured alliance rapidly escalated into a public feud, with Trump suggesting he would use the US government to hurt his fellow billionaire financially. The spectacular blow-up between the president of the...

Mumbai: The Reserve Bank Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches...

New Delhi: Passenger vehicle retail sales witnessed 3 per cent on-year decline in May with customers delaying purchases in several states due to India-Pakistan conflict and further softening of demand for entry-level models, dealers' body FADA said Friday. The passenger vehicle registrations last month stood...

Mumbai: RBI Friday cut inflation projections for the current fiscal to 3.7 per cent from the earlier estimate of 4 per cent, as it expects core inflation to remain benign with the easing of international commodity prices. The sub-4 per cent average retail inflation projection...

Mumbai: RBI Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which has slowed to a four-year low of 6.5 per cent in FY25. Following the rate cut, the key policy rate eased to a three-year low of 5.5 per...