Business Archives - Page 48 of 56

09 Jul

Starlink Gains IN-SPACe Nod, But Faces Fierce Competition in India’s Satellite Internet Race

Rajeev Sharma0 CommentsBusinessOneWeb vs Starlink, Reliance Jio, satellite internet competition, Starlink India launch

New Delhi, July 9 — Elon Musk’s Starlink has cleared a major regulatory hurdle in India, receiving authorisation from the Indian National Space Promotion and Authorisation Centre (IN-SPACe), according to sources on Wednesday. But while this paves the way for the satellite internet pioneer’s official launch, Starlink now enters an increasingly crowded and competitive satellite communications market.Having secured licenses in early June to operate GMPCS (Global Mobile Personal Communication by Satellite) services, VSAT services, and ISP Category-A under the unified license framework, Starlink becomes the third major player to gain approval from India’s Department of Telecom, joining rivals OneWeb and…

08 Jul

Hyderabad Family of Four Killed in Fiery Crash in Alabama After Wrong-Way Truck Collision

Rajeev Sharma0 CommentsBusinessAlabama accident, Greene County crash, Hyderabad family, wrong-way driver

Hyderabad, July 8, 2025 — Four members of a family originally from Hyderabad have died in a tragic car crash in Greene County, Alabama, in the United States, their relatives confirmed on Tuesday.The victims B Srivenkat, his wife Tejaswini, and their two children—were returning to Dallas from Atlanta when a truck, reportedly speeding in the wrong direction, collided head-on with their car late Saturday night (local time).“The family my brother’s daughter, son-in-law, and grandchildren had been living in Dallas for the past three years,” a grieving relative told a local television channel.According to media reports, the impact caused the car…

08 Jul

New Ludhiana Passport Seva Kendra Launched with Enhanced Facilities

Gurpreet Singh0 CommentsBusiness, Punjab, TrendingLudhiana

Ludhiana (National Times): The operational launch of the Passport Seva Kendra (PSK) at Ludhiana, Punjab was successfully conducted on July 7, 2025, by Dr. K.J. Srinivasa, Joint Secretary (PSP) & Chief Passport Officer. This marks the formal relocation of the existing PSK in Ludhiana from Akash deep Complex, Gyan Singh Rarewalla Market, Ludhiana to the new location at Global Business Park, G.T. Road, Near Jalandhar Bye Pass, Village Bhora, Ludhiana, with a significant upgrade in infrastructure and service delivery. The newly inaugurated PSK Ludhiana is equipped with enhanced facilities designed to handle a higher volume of passport applications efficiently. Key…

08 Jul

UAE Launches Rs 23 Lakh Golden Visa Route for Indians – No Property or Trade Licence Required

Rajeev Sharma0 CommentsBusiness, India, Trending, World NewsGolden Visa, UAE

New Delhi/Dubai (National Times): In a major policy shift aimed at deepening bilateral ties and attracting Indian talent, the United Arab Emirates (UAE) has launched a new nomination-based Golden Visa route for Indian nationals, offering lifetime residency for a one-time fee of AED 100,000 (approx. Rs 23.3 lakh), no investment in real estate or trade licence required. This move marks a dramatic departure from the UAE’s earlier Golden Visa rules, which required at least AED 2 million in real estate or a significant business investment to qualify. The new pathway now opens the door for a wider range of Indian…

07 Jul

Banks Waive Minimum Balance Rule as Customers Shift Funds Elsewhere, Says Chidambaram

Rajeev Sharma0 CommentsBusinessbank penalties, minimum balance rule, P Chidambaram, RBI guidelines, savings accounts

New Delhi, July 7, 2025: Former Finance Minister and senior Congress leader P. Chidambaram on Monday lauded a consumer-driven shift that has forced at least five banks to waive the controversial minimum balance requirement on savings accounts. He noted that while reason had failed to sway banks, market economics had finally succeeded.In a post on X, Chidambaram criticized the "obnoxious" minimum balance rule, stating that several banks had profited by penalizing customers who failed to maintain a minimum balance. “Some banks earned hundreds of crores of rupees a year under this obnoxious rule,” he wrote, emphasizing that banks had long…

07 Jul

High-level review held to fast-track infrastructure projects worth Rs 36,296 crore in Gujarat and Rajasthan

Rajeev Sharma0 CommentsBusiness, India, TrendingGujarat, India, Rajasthan

New Delhi (National Times): A high-level meeting was convened on 03.07.2025 to review key issues impacting major infrastructure projects in Gujarat and Rajasthan, with a focus on resolving bottlenecks through the Project Monitoring Group (PMG) mechanism. A total of 22 issues related to 18 critical projects—collectively valued at over ₹36,296 crore—were taken up for discussion. Among the major initiatives discussed was the Transmission System Strengthening Scheme for evacuation of power from solar energy zones in Rajasthan and Gujarat, with a projected investment of ₹14,147 crore. The scheme aims to facilitate seamless integration of renewable energy into the national grid by…

07 Jul

Chandigarh State Cooperative Bank Announces 85% Job Quota for Chandigarh Residents

Gurpreet Singh0 CommentsBusiness, Punjab, TrendingChandigarh

Chandigarh (National Times): The Chandigarh State Cooperative Bank Limited has taken a significant decision to benefit the youth of Chandigarh. A meeting was held under the chairmanship of Sh. Satinderpal Singh Sidhu, Chairman, Chandigarh State Cooperative Bank. Present during the meeting were Smt. Anuradha Chagti, Managing Director of The Chandigarh State Cooperative Bank Limited, Chandigarh; Sh. Naveen Rattu, SDM Central; and other senior officials. During the meeting it was decided that the Board of Directors resolved to reserve 85% of jobs in the bank for Chandigarh residents.Out of this 85% quota, 15% of posts will be specifically earmarked for the…

05 Jul

Domestic Gold Prices May Touch ₹1 Lakh Mark in H2 2025: ICICI Bank Report

Rajeev Sharma0 CommentsBusinessgold ETF inflows, gold imports, Gold prices India, ICICI Bank

New Delhi, July 5 — Local gold prices in India are expected to maintain an upward bias in the second half of 2025, potentially breaching the psychologically significant ₹1,00,000 per 10 grams mark, according to a report released by ICICI Bank Global Markets.Domestic prices, which currently hover in the range of ₹96,500–₹98,500 per 10 grams, rose 0.6 per cent in June despite a broader global trend of stable prices. The uptick was attributed in part to a modest depreciation of the Indian rupee by 0.2 per cent during the month.“Local gold prices are expected to continue trading with an upside…

05 Jul

Nehal Modi Arrested in US, Extradition to India Underway in Rs 13,000 Crore PNB Scam Case

Rajeev Sharma0 CommentsBusiness, India, TrendingNehal Modi

New Delhi/Washington (National Times): In a major development in the ongoing probe into the Rs 13,000 crore Punjab National Bank (PNB) fraud, Nehal Modi, brother of fugitive businessman Nirav Modi, has been arrested in the United States following an extradition request by Indian authorities. The arrest, confirmed by officials from India’s Enforcement Directorate (ED) and Central Bureau of Investigation (CBI), was carried out after U.S. law enforcement authorities accepted India’s formal request seeking his custody in connection with money laundering and conspiracy charges. Nehal Modi has long been accused of playing a key role in helping Nirav Modi escape India…

02 Jul

Cab Fares May Double in Peak Hours Under New Govt Rules; Stricter Safety Norms for Aggregators

Rajeev Sharma0 CommentsBusinesscab fares, Motor Vehicles Aggregator Guidelines 2025, Ola, Rapido, Uber

New Delhi, July 2: Passengers booking cabs through apps like Uber, Ola and Rapido could soon pay up to twice the base fare during rush hours, as the Ministry of Road Transport and Highways has unveiled new guidelines allowing higher dynamic pricing and stricter safety measures for aggregators.The “Motor Vehicles Aggregator Guidelines 2025,” released by the ministry, permit aggregators to charge between half and twice the base fare, a shift from the current ceiling of 1.5 times. The base fare itself will apply for a minimum of three kilometres to account for “dead mileage”—the distance drivers travel without passengers and…