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,…
New Delhi: After putting up consumer prices for its India satcom services on its website, Starlink withdrew them and blamed a “glitch” that briefly made “dummy test data” visible. “The Starlink India website is not live, service pricing for customers in India has not yet been announced, and we are not taking orders from customers…
More than 50.14 lakh Central government employees and around 69 lakh pensioners are set to be covered under the 8th Central Pay Commission (CPC), with the government saying the timing of implementation and funding will be decided later.The update was shared in the Lok Sabha on Monday in a written reply by Minister of State…
Home loan borrowers are set to get relief as several major banks have started cutting lending rates after the Reserve Bank of India lowered the repo rate by 25 basis points to 5.25% on December 5, 2025. Following the repo rate cut from 5.50%, lenders have moved to reduce MCLR-, RLLR- and RBLR-linked rates, paving…
The US Deputy Ambassador for Trade, Rick Switzer, will visit India on December 10 and 11 as New Delhi and Washington continue discussions aimed at concluding a fair and mutually beneficial bilateral trade agreement, ANI reported.Confirming the visit at a media briefing on Monday, Ministry of External Affairs spokesperson Randhir Jaiswal said the trip would…
India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail real-time payment system by transaction volume, accounting for nearly half of all such transactions globally, the government told Parliament on Monday.Citing an International Monetary Fund (IMF) report titled ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025, the government said…
US stocks hovered close to record levels on Monday as investors stayed cautious ahead of a key Federal Reserve decision, even as select stocks moved sharply on takeover news and index reshuffles.The S&P 500 was largely flat in early trade and sat about 0.3% below its all-time high set in October, while the Nasdaq Composite…
Shares of InterGlobe Aviation, the parent of IndiGo, remained under heavy pressure on Monday, extending a sharp sell-off that has wiped out more than Rs 37,000 crore in market value in less than a week, as operational turmoil rattled investor confidence.The stock slid as much as 10% to Rs 4,842 during intraday trade, marking its…
Credit rating agency Moody’s has flagged IndiGo’s recent flight disruptions as credit negative, saying the airline failed to adequately plan for aviation regulations that had been known well in advance. The rating agency said the large-scale cancellations and delays point to significant lapses in planning and operational oversight, even though the revised Flight Duty Time…
Banks across the Asia–Pacific region are displaying stronger capital health than lenders in the United States and Western Europe, Moody’s said in its latest survey. The agency’s comparison of the largest banking institutions across major markets shows Asia–Pacific banks have accumulated strong capital levels under what it describes as tighter and more cautious regulatory oversight.The…
