Indeed, RBI governor Sanjay Malhotra has acknowledged that the conflict in West Asia continues to weigh on the global economy by disrupting critical trade routes and supply chains, increasing market volatility and weakening business confidence. But the biggest factor for keeping repo rate unchanged was that while inflation has risen, the impact of cost pressures
SpaceX has reported a reduced loss alongside increased revenue, mainly driven by its burgeoning Starlink business. With ambitions to dominate global internet services, Starlink’s subscriber count has now doubled. The company is heavily investing in artificial intelligence and infrastructure, aiming for an impressive $100 billion in annual revenue by year-end, while also planning to launch
Oil prices nudged higher on Wednesday after a series of declines, as investors keep a keen eye on the diplomatic maneuvers surrounding the US-Iran standoff. Progress is reportedly being made by negotiators striving to bring an end to the conflict and restore access to the Strait of Hormuz. While US crude and gasoline inventories increased
In an impressive first quarter, Bharti Airtel recorded a remarkable profit surge of 37.3%, driven by increased mobile tariffs and a robust influx of new customers. The company’s revenue also soared by 18.4%, showcasing strong growth across its India and Africa segments. Notably, Airtel’s average revenue per user jumped to Rs 264, indicating a favorable
United Spirits finds itself at the center of a legal battle, opposing a food regulator’s decree about its McDowell’s No. 1 Rum labeling. The FSSAI asserts that flavors typical of rum and whisky are not permissible in spirits. Inspections have uncovered that various manufacturers employed neutral alcohols augmented with flavoring agents, resulting in these products
