New Delhi, June 10 (IANS) Elon Musk-led Starlink has dismissed a report that India has frozen approvals for its satellite internet services, saying it remains engaged in “active and productive discussions” with the government and continues to receive encouraging feedback on its plans for the country.Responding to the report, Lauren Dreyer, Vice President of Starlink Business Operations, said the company remains committed to launching services in India and has complied with all regulatory and sec…
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Mumbai, June 3 (IANS) The Reserve Bank of India (RBI) on Wednesday clarified that its physical stock of gold remains unchanged at 880.52 tonnes, dismissing media reports that suggested the central bank had sold part of its gold reserves.In a statement, the RBI said it had come across reports in certain sections of the media regarding the sale of gold by the central bank, and emphasised that such reports were incorrect.“The Reserve Bank of India (RBI) has come across reports in certain sections…
New Delhi, May 22 (IANS) In a major shift among foreign investors regarding their investments in India’s largest conglomerates, the prominent investment management firm Capital Group has increased its exposure to Adani Group companies while decreasing holdings in Reliance Industries Ltd (RIL), according to a new report.According to a Bloomberg report, citing people familiar with the matter, the US-based firm has acquired stakes worth over $2 billion across three Adani Group companies — Adani Po…
New York, May 5 (IANS) Two Indian journalists have won the prestigious Pulitzer Prize for an art reporting project exposing cybercrime in India.Anand RK and Suparna Sharma, along with Natalie Obiko Pearson, were announced as the winners on Monday in the Illustrated Reporting and Commentary category for the report they produced for Bloomberg.Another Indian journalist, Devjyot Ghoshal, was a finalist in the same category for an expose of cybercrime and trafficking in Southeast Asia, in which crimi…
New Delhi, March 20 (IANS) Upstream oil and services firms are the biggest beneficiaries while downstream and end‑user industries may suffer after recent strikes at Gulf energy facilities disrupted flows and pushed prices sharply higher, a report said on Friday.The report from Systematix Institutional Equities warned of rise in energy prices and disruption of volume which could have a significant impact on energy deficient countries.It said that repairing and restarting supply could be prolong…
New Delhi, March 17 (IANS) India is reviewing requests from neighbouring countries for additional fuel supplies as Bangladesh, Nepal and others face the prospect of acute shortages amid disruptions to key maritime routes due to conflict in the Middle East, a new report has said.The report from Vietnam Times cited Bloomberg saying Bangladesh has asked New Delhi for diesel beyond the 1,80,000 tons it receives annually under an existing contract.Meanwhile, Nepal requested the state-run Indian Oil C…
New Delhi, March 10 (IANS) US tech giant Apple has increased iPhone production in India by about 53 per cent in 2025, assembling around 55 million units compared with 36 million a year earlier, according to reports.A report from Bloomberg said the tech giant makes a quarter of its flagship products in India to avoid tariffs on China.Apple produces about 220–230 million iPhones annually worldwide, with India’s share rising rapidly, primarily due to government supported production‑linked inc…
New Delhi, Jan 7 (IANS) India’s tax collections could surge in FY27, with gross tax buoyancy rising to 1.1 from a projected 0.64 in FY26, a report said on Wednesday.The report from HDFC Bank said that nominal GDP growth is expected at about 10.1 per cent in FY27 after an estimated 8.5 per cent in FY26. It said that capital expenditure is expected to grow by 10.5 per cent to about Rs 11.5–12 lakh crore while revenue expenditure may rise 9.5 per cent to Rs 41.9 lakh crore.The government’s fiscal…