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The Economic Times
The Economic Times Elon Musk's Starlink one step away from getting greenlit in India with in-principal govt nod
The Telecom Ministry has granted an in-principle approval to Elon Musk's Starlink for satellite communications services in India, ahead of Musk's visit to the country. The approval follows almost three-and-a-half years of deliberation and awaits final vetting by the Home Ministry. Once approved, Starlink will receive a Global Mobile Personal Communication by Satellite (GMPCS) license, a crucial step for offering satellite communication services in India.
The Economic Times Data centre companies seek clarity on dark fibre for captive networks
Under the current regime, unified licence holders with access service authorisation (telecom operators) and virtual network operator licence holders can provide leased bandwidth or point-to-point connectivity to enterprises. The industry has been seeking clarification on whether these licensed holders are also permitted to provide dark fibre to enterprises.
The Economic Times Disclose all loan fees upfront to customers, RBI instructs lenders
"At present, banks disclose all charges on a term sheet. However, an ordinary borrower does not always read the four-five pages of terms and conditions, so we have already mandated this document in microfinance and digital lending. We are now asking this for all lenders," said RBI governor Shaktikanta Das.
The Economic Times Fuel prices seen stable for now, inflation in check
Middle East conflict may influence India's inflation and oil prices. Recent data shows decreasing consumer inflation. Monsoon forecasted to help control food inflation. RBI projects lower inflation. Markets stabilize after Iran's attack on Israel.
The Economic Times China's Q1 GDP grows 5.3% y/y, well above forecast
The stronger-than-expected 5.3% growth in China's economy for the first quarter of the year comes as a positive surprise for analysts and policymakers alike. This growth figure surpasses the 4.6% expansion that was anticipated by analysts, indicating resilience in the face of challenges such as the ongoing property crisis.
The Economic Times iPhone may click with Titan, Murugappa
Apple explores partnerships with Murugappa Group & Titan Company for local assembly of camera module sub-components in India, aiming to shift operations from China and strengthen the Indian supplier ecosystem.
The Economic Times India's wholesale prices quicken to a 3-month high in March, onion and potato prices top 50%
India's wholesale price index-based inflation surged to 0.53% in March from 0.20% in February, driven by a significant increase in onion and potato prices. Onion prices rose by 56.99% and potato prices by 52.96% in March, leading to concerns about a shortage in onion supply until the next kharif crop. Wholesale food inflation also increased to 4.7%, with notable rises in food articles, electricity, crude petroleum, natural gas, machinery, and other manufacturing.
The Economic Times RBI steps up gold buying amid US dollar volatility
RBI increases gold purchases to diversify forex reserves, with gold value contributing to record $648.5 billion. Gold acquisitions aim to hedge against inflation and currency risks, with increasing faith in gold amidst US dollar volatility and declining dollar reliability.
The Economic Times Charting the global economy: India can be the world's no.1 contributor to GDP growth by 2028
​A new era of global rearmament is gathering pace, and it will mean vast costs and some tough decisions for western governments already struggling with shaky public finances. Outside of the ECB, Israel refrained from cutting interest rates, with officials focusing on heightening inflation expectations as the war in Gaza shakes the economy and defense spending surges.
The Economic Times Exclusive: Byju’s India CEO Arjun Mohan resigns, founder Raveendran to return to helm daily ops
Byju Raveendran returning to the top of daily affairs after nearly four years and is of significance as as a group of Byju’s investors voted in February to oust him as CEO of the company in an extraordinary general meeting.
The Economic Times NFRA's order reveals multiple lapses by Pathak HD & Associates in Reliance Capital audit; debars audit partners
NFRA penalizes auditors of Reliance Capital for oversight failures flagged by Price Waterhouse, imposing bans and fines in response to suspected fraud, revealing gaps in financial oversight.
The Economic Times M&A deal activity set to pick up this year, may touch $75 billion: Ganeshan Murugaiyan, BNP Paribas
Indian M&A activity set to rise to $75 billion in 2024, driven by private equity, IT, core industrial space, and pharmaceuticals, with influences from cross-border deals, M&A valuations, equity, debt markets, and IPOs.
The Economic Times Factories around the world are slowly cranking into gear again
The nascent industrial recovery is led by the world’s two biggest economies. Chinese manufacturing has made a strong start to the year, boosting the economic outlook, and US factory activity unexpectedly expanded last month for the first time since September 2022, buoyed by rising new orders and a jump in production.
The Economic Times India Inc embracing neurodiversity at workplace
Corporate India promotes neurodiversity by hiring individuals with autism, dyslexia and ADHD. Companies like SAP, EY, Publicis Sapient, Accenture, Wells Fargo lead in creating inclusive workplaces, offering tailored programmes, and specialized hiring initiatives. Publicis Sapient has developed programmes specifically geared towards supporting neurodivergent individuals and people with intellectual disability. Read more:
The Economic Times 'World Bank's biz-ready formula & startup concerns on budget agenda'
The Department for Promotion of Industry and Internal Trade (DPIIT) will take up for discussions lingering concerns of startups on issues around Angel tax, taxation of Employee Stock Option Plans and bank guarantee commitments in tenders in the upcoming budget to be presented after the general elections.
