Business

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…

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…

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,…

MUMBAI: Monday marked a global first for Indian financial markets as NSE along with Care Ratings launched the country’s first Past Risk and Return Verification Agency (PaRRVA), an independent entity that will validate performance claims in the securities markets. This agency will make it harder for unregistered finfluencers to hoodwink investors into falling for their…

IBM on Monday announced a major acquisition to strengthen its artificial intelligence capabilities, agreeing to buy data streaming platform Confluent in a cash deal valued at $11 billion.The US technology major said it has signed a definitive agreement to acquire all issued and outstanding common stock of Confluent Inc. for $31 per share in cash,…

Chaos at airports amid flight cancellations NEW DELHI: India’s largest airline IndiGo is scrambling to restore stability after a week of unprecedented operational chaos sparked by the rollout of revised Flight Duty Time Limitations (FDTL) for pilots. The disruption, which began on December 2, quickly snowballed into one of the worst aviation meltdowns the country…

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…

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…

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…