Sebi has corrected its May 28 order on IndusInd Bank to clarify that KPMG was appointed through an ‘engagement note’ signed by CFO and executives Arun Khurana and Sumant Kathpalia, not through a ‘board note’ as earlier stated. The original order suggested that the board was aware of the discrepancies in derivatives valuation. Source link
NEW DELH: A local factory for Tesla’s electric cars may be some time away, but Elon Musk‘s satellite communications venture Starlink has finally received a go-ahead from govt to launch services in the country.Starlink got approval for three licences – Global Mobile Personal Communication by Satellite (GMPCS), Commercial Very Small Aperture Terminal (VSAT), and Internet…
Tata Electronics signed a memorandum of understanding (MoU) with Bharat Electronics Limited (BEL) to ramp up the development of indigenous semiconductor and electronics solutions.The agreement, signed on 5 June 2025 at Bombay House in Mumbai, brought together Tata Electronics and BEL to address India’s growing demand, PTI reported. The pact was signed by Randhir Thakur,…
The rupee appreciated by 11 paise to close at 85.68 against the US dollar on Friday, reversing early losses after the Reserve Bank of India (RBI) delivered a surprise 50 basis point repo rate cut and announced a phased 100 basis point reduction in the cash reserve ratio (CRR).The local unit opened weak at 85.91,…
The fallout between Trump and Musk has created significant implications for both these influential figures. The spat between US President Donald Trump and world’s richest person Elon Musk, is getting uglier as each hour of the day passes. From trading harsh barbs to threats, it’s a fight like no other. And it keeps getting worse!…
Travellers flying in and out of Delhi in the upcoming months might see a little turbulence in their plans as Delhi airport will be canceling almost 7.5% of its daily flights. For three months, from June 15 to September 15, the airport will be cancelling 114 daily flights, as the airport operator DIAL begins upgradation…
Amid rising concern over the economic fallout of President Donald Trump’s sweeping tariffs and federal workforce cuts, US employers added 139,000 jobs in May — a slowdown from the previous month, but still a sign of resilience in a jittery economy.Hiring eased from a revised 147,000 in April, while the unemployment rate held steady at…
India’s foreign exchange reserves slipped by $1.24 billion to $691.49 billion in the week ending May 30, according to data released by the Reserve Bank of India on Friday. Despite the decline, the central bank said the reserve buffer remains robust. “At $691.5 billion, the reserves are sufficient to cover 11 months of imports and…
US stock futures edged higher on Friday as markets awaited key labour data, while shares of Tesla rebounded following signs of de-escalation in the high-profile spat between CEO Elon Musk and President Donald Trump.Tesla’s stock jumped 4.2% in premarket trade, clawing back some of the steep 15% loss it suffered on Thursday after Trump threatened…
As political tensions flare, experts warn that Elon Musk’s empire, built on public funding, could face steep fallout. At the intersection of ambition and politics, Elon Musk’s multibillion-dollar space and electric vehicle empire may soon be at the mercy of President Donald Trump. Despite being a vocal critic of government subsidies, Musk’s companies—SpaceX and Tesla—have…
