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SEBI has introduced a new mutual fund-like Credit Risk-o-Meter to help investors understand the credit risk of corporate bonds and other debt instruments. The meter classifies them into six credit-risk levels, ranging from the lowest to very high risk of default. Heres what investors should know.
Adequate response: on the RBI and inflation
The RBI policy review will need Central assistance to effectively fight inflation
Adequate response: on the RBI and inflation
The RBI policy review will need Central assistance to effectively fight inflation
PwCs Pratik Jain said the GST Councils latest measures mark the third phase of the tax reform, shifting focus to bolder policy changes and ease of doing business. He said wider refunds for input services and capital goods, along with ITC on employee insurance, could ease working-capital stress and lower costs.
Deloitte Indias MS Mani said the latest GST reforms reflect growing trust between government and industry, with technology enabling simpler compliance and more targeted enforcement. He said easier registration, annual returns with quarterly payments, return corrections and removal of arrest provisions could reduce compliance fears and bring more businesses onto the GST platform.
EY partner Bipin Sapra said the GST Councils latest reforms address input tax credit blockages, expand refunds, support exporters and streamline tax administration. He said rationalising Section 17(5) could reduce tax cascading and costs for businesses, while decriminalisation and removal of arrest powers should create a more conducive business environment.
ET Graphics: The GST playbook milestones over 9 years
From its rollout in 2017 to GST 2.0, Indias goods and services tax has evolved into a more digitised and predictable tax regime. Over nine years, the system has seen changes in tax rates, slabs, compliance and technology, reshaping how businesses manage indirect taxes and interact with the tax administration.
Apple is set to unveil several smart home products at its upcoming event on October 13, including a smart home hub. This new hub is expected to have a 6-inch display and will combine various functionalities. Updates to the HomePod mini and Apple TV 4K are also anticipated, featuring improved technology and capabilities. The event will take place in New York and may include a hands-on experience for media members.
GST reforms: 16 lakh small businesses may get annual return option, easier e-commerce selling
More than 16 lakh small businesses with turnover up to Rs 5 crore could benefit from a simplified GST compliance regime, under which they would pay tax quarterly but file one return annually. The overhaul also rationalises penalties, waives late fees and simplifies registration for eligible small e-commerce sellers.
The GST Council has clarified that highway concessionaires collecting exempt tolls will face no GST liability on the toll collection right, regardless of whether concession payments are made upfront or over time. It also said GST on road maintenance services will arise when funds are actually drawn against expenditure, not merely parked in escrow.
GST reforms: 38,700 exporters to get faster refunds, wider access to input tax credits
Nearly 38,700 export taxpayers will become eligible for cash refunds on input taxes paid on services and plant and machinery under GST reforms. The Council also approved automatic release of 90% of refund claims after risk checks, faster acknowledgements and wider export benefits for service providers and manufacturers.
Thermax scouts for a partner to charge up its green energy unit
Thermax has set its sights on attracting external investors to its renewable energy subsidiary, First Energy. By contemplating a major stake sale, the company aims to overcome operational challenges and elevate its performance levels. First Energy, with its 800 MW capacity, is looking to enhance service delivery, reflecting a growing inclination in the renewable energy domain for partnerships that facilitate expansion and development.
GST overhaul: Export status for contract manufacturing to boost supply-chain shifts to India
GST reforms treating contract manufacturing for foreign principals as exports could boost Indias appeal as companies relocate parts of their supply chains. Expanded refunds covering input services and capital goods, faster 90% refunds and measures to release blocked tax credits are also expected to unlock working capital and support investment.
FSSAI pulls up Dr Reddy's, Nestle Health Science over Celevida claims
The Food Safety and Standards Authority of India (FSSAI) said the product was advertised as providing high-protein support for preserving lean muscle during GLP-1/GIP therapies, commonly used in weight-loss treatment.
GST reforms 2026: Employers get ITC on employee health, life insurance premiums
The GST Council has recommended allowing employers to claim input tax credit on GST paid for health and life insurance policies taken for employees. The move could reduce the effective cost of employer-sponsored coverage, particularly benefiting small businesses, while making group health insurance more affordable and improving employee benefits.
Surging bond yields likely to slash banks' treasury income
Banks are expected to report a nearly 60% decline in treasury income for the July-September quarter. Analysts predict treasury gains to decrease from 13,100 crore last year to 5,500 crore this year. Rising government bond yields have negatively impacted investment portfolios, leading to lower gains. Public sector banks will feel a more pronounced effect due to their larger government securities portfolios.
Elon Musk is pushing for Starlink's approval in India while alleging that oligarchs are blocking its entry. He emphasizes that Starlink has complied with all regulations for five years without receiving a license. The government has stated that all involved parties are at the same regulatory stage awaiting security approvals. The ministry insists that compliance with security conditions is mandatory before moving forward.
Google, Amazon, Meta, Apple fuel India's renewable energy boom as data centre demand surges
Major technology companies like Google, Amazon, Meta, and Apple are increasingly purchasing renewable energy in India. Their expanding data centers are significantly driving the demand for clean electricity. Research predicts that renewable capacity for data centers could grow to 32.4 GW by 2030. These companies are pursuing long-term power purchase agreements to secure renewable energy directly from developers.
I-T dept moves appellate tribunal against Rs 32.66-cr tax relief to Dr Lal PathLabs
Dr Lal PathLabs, in a regulatory filing, said that it received an intimation on Wednesday regarding an appeal filed by the I-T Department before the Income Tax Appellate Tribunal (ITAT), New Delhi.
GST reforms 2026 will move around 2 lakh businesses operating across multiple CGST jurisdictions towards a centralised, faceless tax administration, Finance Minister Nirmala Sitharaman said. The framework will cover scrutiny, audits, adjudication, appeals and taxpayer services, with public consultation planned before Budget 2027 and implementation targeted for FY28.
Jio IPO a great responsibility: Akash Ambani
SC backs disposal of Goa iron ore dumps without fresh auction
The Supreme Court has made a significant ruling in favor of the Goa government's approach to managing iron ore dumps. This decision allows former mining leaseholders to clear their inventory mine dumps without conducting a public auction. The court stressed the critical need for environmental protection in this context, cautioning against dire outcomes.
Dr Reddys Laboratories receives two observations for Andhra Pradesh facility
The US health regulator completed a Pre-Approval Inspection (PAI) at the company's FTO-11 manufacturing unit from October 5-7, Dr Reddy's Laboratories said in a regulatory filing on Thursday.
Festive rush: Airlines hike fuel surcharge as ATF prices soar
Airlines like Air India and Akasa Air have announced increased fuel surcharges for both domestic and international flights. The rise in aviation turbine fuel prices has significantly impacted operational costs for carriers. Domestic surcharges will be effective on new bookings from October 9, as the festive season approaches. International surcharges vary depending on destination, reflecting additional costs incurred by airlines.
Airlines suspend, cut Riyadh flights amid security concerns
Airlines such as Air India Express and IndiGo are cancelling flights to and from Riyadh due to security issues. Several airlines have cited evolving conditions affecting civilian air travel in the region. Passengers affected by these cancellations are being offered options for refunds or rescheduling. India's Ministry of External Affairs condemned attacks on airports, affirming the unacceptable targeting of civilian infrastructure.
GST Council unveils major reforms, eases penalties and speeds up refunds
Measures ease compliance through simpler registrations, quicker refunds, wider tax credit access and relief on penalties and enforcement
Long before Amitabh Bachchan became a superstar, he formed a lasting friendship with fellow actor, Libra, and Bollywood heartthrob Vinod Khanna. After Khanna passed away in 2017, the superstar took to his blog to recall his bond with the Amar Akbar Anthony actor and spoke at length about his generosity.
Black Sea attacks hit yellow peas, sunflower oil supplies to India
Russia's exports of yellow peas and sunflower oil to India have been disrupted by ongoing conflicts. As a result, prices for yellow peas have risen from 40 to 46 per kg in the last two months. Importers report that shipments from Russia have not occurred recently, affecting the availability of yellow peas. Meanwhile, sunflower oil shipments are also hindered, causing expectations of higher prices in the near future.
Home-cooked meals get 10% dearer in Sep on higher onion, oil, LPG prices
The cost of a home-cooked vegetarian thali rose 10 per cent year-on-year in September, driven by higher prices of onion, vegetable oil, rice and LPG, according to a report released on Thursday. Non-vegetarian thali increased 6 per cent as broiler prices increased slower, according to Crisil's monthly Roti Rice Rate report. The cost of preparing a vegetarian thali increased to Rs 30.8 in September from Rs 28.1 a year ago, while non-vegetarian thali cost rose to Rs 59.5 from Rs 56, the report said. On a month-on-month basis, the cost of vegetarian and non-vegetarian thalis increased 4 per cent and 3 per cent, respectively, in September. Onion prices surged 89 per cent year-on-year to Rs 53 per kg in September from Rs 28 a year ago amid tight rabi stocks following a 5-6 per cent decline in production, Crisil said. Availability is expected to remain constrained in the near term as June rainfall was 40 per cent below the long-period average, delaying kharif transplanting and pushing ba
Form panel to curb pharma freebies: SC
Several diversified equity funds have delivered negative returns so far in 2026, but the picture changes sharply over longer periods. Heres a look at funds in the red on a YTD, three-year and five-year basis, and what investors should consider.
India, Singapore eye 2,000 MW power corridor
India and Singapore are considering plans for a 2,000 MW cross-border power interconnection that could enhance energy security. The proposed land-based transmission corridor would connect Imphal in India to Singapore via Myanmar, Thailand, and Malaysia.
RBI rules may entitle customers to compensation when banks miss deadlines for services such as resolving failed digital transactions, closing credit cards, returning property documents or correcting credit reports. Compensation varies by case, from 100 per day to 5,000 per day.
Venezuela's economy to grow in 6.5% in third quarter, says acting president
Venezuela's economy is projected to expand 6.5% in the third quarter this year, acting President Delcy Rodriguez said on Thursday at an event with business leaders. She added that the country expects to receive $12 billion in public and private financing ove
Exports to hit $1 trillion this fiscal: Piyush Goyal
Goyal said that the nine free trade agreements finalised by India in recent years provide huge business opportunities for exporters. He urged industry chamber CII to set up FTA utilisation cells in states.
Sugar stock checks to intensify after GST discrepancies
Beginning October 9, the government will implement a rigorous verification process of sugar stocks due to discrepancies discovered in both sales and GST data from sugar mills. With festival season approaching, the demand for sugar is increasing, putting pressure on mills to meet their sales quotas. Any mills failing to comply with these requirements may face legal actions for record discrepancies.
The complainant bought a Kia Sonet HTX Diesel in March 2022 for around 13.69 lakh, including on-road costs. He later purchased an extended warranty that remained valid until March 2027.
India, 14 others ink joint ministerial statement to curb structural excess capacity
India has joined the US, EU, UK and 12 other economies in a joint statement to tackle structural excess capacity and production, despite facing a US trade probe over alleged overcapacity. The signatories will examine key sectors including EVs, batteries, chemicals, semiconductors and solar panels through dedicated sectoral platforms.
Prime Minister Narendra Modis call for a global framework to tackle cyber fraud and deepfakes, alongside his push for India-made products and innovation, has drawn support from telecom industry leaders. At India Mobile Congress 2026, executives said the sectors next phase must focus on secure connectivity, AI, trust and global technology leadership.
In Kilrush, County Clare, retired wind turbine blades are transformed into public infrastructure such as a pedestrian bridge. This project, led by Clare Local Development Company and BladeBridge, emphasizes the concept of a circular economy. Sections of the blades are also used to create benches and picnic tables for public spaces. Approximately 11,000 tonnes of wind turbine blades are expected to be decommissioned in Ireland by 2026.
India must not hand Starlink the switch
India sugar production view slashed as El Nino hits, USDA says
The USDA has slashed its expectations for Indian sugar production in the 2026/27 season to 29.5 million metric tons due to a forecasted rainfall shortfall. This predicted deficit is set to impact sugarcane's sucrose level and decrease the area available for effective harvesting. Moreover, looming drought conditions are likely to disrupt milling operations by early 2027.
TDS and TCS compliance has moved to an online filing setup from Tax Year 2026-27 onwards, changing how deductors submit quarterly statements. The process brings fresh forms, a separate compliance environment, and updated filing steps. Heres what deductors need to know.
Higher interest rates could push up EMIs on floating-rate home loans for NRIs.
The RBIs 25-bps repo rate hike has reshaped the outlook for debt-fund investors as bond yields rise and markets assess further rate moves. Heres what investors should consider based on their 3-month, 12-month and 18-month investment horizons.
US spacecraft accidently found ice on moon in 1994
'Faster decisions, lower compliance costs': PM Modi welcomes new round of GST reforms
Prime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the Goods and Services Tax (GST) Council, saying the measures will enable faster decisions, lower compliance costs, automated refunds and a trust-based administration.
GST Council: No more arrest powers, no rate rejig
GST reforms shift focus towards faster refunds, simpler compliance and proportionate enforcement
Telangana advises farmers to opt for crops requiring less water in rabi
Water shortage likely due to the continued impact of El Nino, says State Agriculture Minister Tummala Nageswara Rao
PM Modi welcomes fresh GST reforms to ease compliance, speed up refunds
Prime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the GST Council and said its focus was to take faster decisions, lower compliance costs and automated refunds. The prime minister also said that the GST Council's recommendations on removal of arrest provisions, greater decriminalisation and simpler procedures will have a very positive impact. The GST Council on Thursday approved removing the arrest power of tax officials and raising the threshold for prosecution fivefold to Rs 5 crore, while introducing faster and largely automated refunds for taxpayers. I welcome the new round of GST reforms approved by the GST Council, Modi said in a post on X. The focus is clear: Faster decisions. Lower compliance costs. Automated refunds. Trust-based administration, he said. Modi said these are in line with the government's constant efforts to make GST more efficient, transparent and citizen-friendly. Announcing the decisions taken at the 57th meet
Salman Khan gives youths stiff competition when it comes to being fit, muscled, and robust without weight gain. However, the Hum Aapke Hain Kaun star revealed that, unlike many of his peers, he is a foodie. He balances his love for food with regular exercise, and his diet also includes a lot of lean protein.
Govt prepares to cap anti-cancer drugs' trade margins at 30% of MRP
The government is aiming to cap trade margins on anti-cancer medications at 30%. An expert committee has been tasked with compiling a report by October 14 on eligible drugs. The move targets the excessive mark-ups currently averaging 170% for various non-scheduled anti-cancer medicines, potentially saving around Rs 2,500 crore and enhancing affordability for patients.
UPI MDR charges from October 15: Will government delay new payment rules until January 2027?
Government's proposed 0.4 per cent MDR on UPI merchant transactions above Rs 2,000, scheduled to begin from October 15, 2026, may be delayed until January 2027. The possible postponement is being considered to avoid disruption during the festive season and give banks.
The Food Safety and Standards Authority of India has sent notices to multiple firms, such as Dr Reddy's and Nestle Health Science, regarding dubious product claims. The FSSAI pointed out potentially misleading information related to muscle strength, immunity boosting, and energy metabolism. This can mislead consumers about true health benefits. The implicated companies are mandated to justify their claims and may encounter future sanctions.
PM Modi Outlines Vision For India's Communications Sector
Prime Minister Narendra Modi, at the India Mobile Congress (IMC) 2026, articulated a vision for India's communications sector, emphasizing a global framework to combat cyber frauds and deepfakes. He called for India to become a hub for innovation and product development for the world. Industry leaders lauded his vision, highlighting India's robust digital infrastructure and its journey towards becoming a global technology leader, with a focus on trust, security, and responsible innovation.
GST Council allows small online sellers to use warehouses in other states
Small online sellers can now use e-commerce platform warehouses to register in other states, while the GST Council has clarified tax treatment for platforms and retained existing rates
Transporters welcome GST Council move to curb repeated checks on highways
Transport industry bodies say the GST Council's decision to limit highway inspections to intelligence-based checks will reduce unnecessary stoppages, delays and penalties
Manipur CM seeks highway, elevated road projects in meeting with Nitin Gadkari
Manipur Chief Minister Yumnam Khemchand Singh urged Union minister Nitin Gadkari to expedite key road projects, including construction of the Shangshak-Tengnoupal Highway and sanction of an elevated highway in Imphal. He also sought completion of ongoing works on National Highways 37 and 2 this working season to improve connectivity.
Exporters to get refunds for tax paid on plant and machinery
Florida is incentivising contractors to help combat the invasive Burmese python population through a conservation program offering hourly wages and bonuses based on the size of the snakes they catch. While this initiative promotes community involvement and includes competitive events, hunters face unpredictability in their income, as finding these elusive reptiles often demands significant skill and time investment.
GST Council allows employers to claim ITC on group insurance coverage
The GST Council's decision to allow input tax credit on employee group health and life insurance is expected to reduce coverage costs for employers, particularly MSMEs
Jaypee homebuyers complaints genuine, Suraksha Group breached resolution plan: Panel
An independent committee examining Jaypee Infratech homebuyers grievances has found most allegations of construction delays, poor quality, labour shortages and fund diversion to be genuine. The committee said Suraksha Group had failed to meet key resolution-plan obligations, including arranging Rs 3,000 crore in working capital, and urged urgent tribunal intervention.
Djokovic plans to reach out to Sinner after injury ended the No. 1 player's season
Novak Djokovic plans to reach out to Jannik Sinner after his injury led to season cancellation. Sinner has been suffering from knee inflammation, causing him to withdraw from major tournaments. Djokovic understands the difficulties of recovery, having faced his own injury challenges in the past. He expressed that Sinner's absence will be felt in the tennis world and praised his achievements this year.
GST Council recommends exemption of tax on seeds meant for sowing
The GST Council has proposed exempting storage and warehousing services for seeds meant for sowing, along with coffee-curing services provided by coffee curers to cultivators
Karnataka: Kumaraswamy challenges Shivakumar to probe sting operation
Union Heavy Industries and Steel Minister HD Kumaraswamy has challenged Chief Minister DK Shivakumar regarding an alleged sting operation. Kumaraswamy stated that if evidence exists, it should be presented to the public. He questioned why individuals involved in the sting operation were not arrested if they were known to the police. Additionally, he suggested the establishment of a Special Investigation Team to probe the matter.
Old dupattas can be transformed into various functional items, encouraging sustainability and creativity. Cushion covers can highlight the embroidered sections of dupattas for a decorative touch. Additionally, sturdy cotton dupattas can be made into storage baskets for organizing household items. Decorative wall hangings can add vibrant colors and patterns to living spaces using old dupattas. Finally, converting dupattas into reusable gift bags promotes eco-friendly practices during special occasions.
The framework will be put up for public consultation by the end of this year
Iran steps up economic, connectivity push with Afghanistan
Iran is stepping up economic and connectivity cooperation with Afghanistan as ties between Kabul and Islamabad deteriorate. Irans energy minister is in Kabul for talks on water and energy, while Tehran is exploring railway connectivity linking western and northern Afghanistan. A 180-member Iranian trade delegation is also attending an Afghan exhibition.
Saudi Arabia expresses interest to invest in Indias port projects: Sonowal
In a recent dialogue, the Saudi Ports Authority expressed a strong desire to invest in India's maritime sector. Key discussions revolved around the Vadhavan and Galathea Bay port projects, underscoring potential financial support. Their cooperation would also encompass shipbuilding, seafarer training, and sustainable supply chain development. Additionally, India is partnering with Belgium on a green shipping initiative and improving connectivity through the Brahmaputra River with Bhutan.
Gaikwad, Padikkal, Sudharsan need to raise their games in second ''A'' One Dayer
Skipper Ruturaj Gaikwad and key players aim to improve their performance in the upcoming match. After a significant loss, the team looks to recover against Australia A in the second ODI. In the first game, India A struggled with batting, as nine players failed to score more than 20 runs. Suryansh Shedge's impressive bowling performance offers selectors an additional option for upcoming matches.
Delhi has been put on high alert ahead of the CJP protest scheduled for October 10, with extensive security arrangements being put in place across the national capital, sources said.
AI-native networks, 6G to shape next phase of telecom, global leaders say at IMC 2026
India
Annual Return Quarterly Payment scheme for small taxpayers soon
Notices for disputed tax amounts up to 10,000 are also to be extinguished, which could benefit up to 12 lakh small businesses
Adewunmi Takes Helm At Cummins India
Cummins India has announced the appointment of Gbile Adewunmi as its new Managing Director, effective November 1. Adewunmi, currently VP for Power Systems Industrial Markets, will also take on CEO responsibilities, highlighting India's strategic importance to Cummins.
Prince Harry's confession about Diana's death
India is considering delaying a 0.4% merchant discount rate on UPI transactions above 2,000 until January 2027. The postponement would give payment companies time to update systems and merchants time to prepare. Person-to-person payments and smaller merchant transactions would remain free.
Every FTA entered into by India protects sensitivities: Goyal
Confident that exports of goods and services in current fiscal would achieve the $1 trillion target, Minister said
Opened a demat account for your minor child? Know how investment income is taxed and reported in ITR
Opening a demat account for your minor child can raise questions about who pays tax on the income and where it should be reported. From clubbing rules and capital gains to ITR schedules and exemptions, heres what parents need to know before filing.
US probes top schools over J-1 visa use
The United States has launched a federal investigation into nine major universities, including Ivy League schools like Harvard, Yale and Stanford over their use of J-1 visas, Vice President JD Vance said at a press briefing.The J-1 visa programme allows foreign nationals to enter the US as exchange visitors, including researchers, scholars, students, teachers and other specialists.Vance said Labor Department officials had served subpoenas on the universities as part of the investigation. He alleged that some institutions were bringing foreign researchers to the US at wages lower than those paid to American workers.Also Read| US bars Microsoft from sponsoring green cards for H-1B workers over alleged abuseThe universities named during the briefing included Harvard University, Yale University, Stanford University, the University of Pittsburgh, the University of California, Davis, the California Institute of Technology, Arizona State University and the Massachusetts Institute of Technology.We see a lot of fraud where some of Americas most universities bring in foreigners under the wages of American residents, Vance said.He alleged that, in one case, a foreign researcher was paid $20,000 less than an American worker for a comparable position. Vance also referred to an example involving a salary difference of $48,000.This is a terribly pernicious system. Its gone for too long, he said, calling for Congress and the administration to take steps to reform the programme.Vance said the J-1 visa programme was intended to give American institutions access to highly skilled researchers and professionals. However, he alleged that some employers were using it to reduce labour costs and replace American workers.We cannot allow programmes that were designed to ensure that American corporations had access to the best and the brightest to be used to undercut the wages of workers, Vance said.He also distinguished between foreign workers who come to the US to build companies and create jobs, and those whom employers allegedly bring in at lower wages to replace American workers.If you want the visa programme to stop being used to defraud the taxpayer and undercut the wages of workers, we will help you do everything that we can to ensure the programme was designed for America, Vance said.
GST export rule changes to cut tax uncertainty, litigation: IT industry
The GST Council's changes to export definitions and refund rules are expected to benefit IT firms, consulting companies and GCCs by reducing tax disputes and working capital costs
AI Can Boost Developing Nations: World Bank
A World Bank report, 'The Promise of Artificial Intelligence', states that AI presents a historic opportunity for low- and middle-income countries to overcome development challenges, despite many being unprepared. It advises these nations to adopt and adapt existing AI tools rather than focusing on building frontier models immediately. The report also notes a significant gap in AI adoption and job automation between high-income and developing countries.
In 2027, the iconic rock band Def Leppard is set to launch an extensive North American tour, joined by the Goo Goo Dolls and The Struts. Spanning 45 dates from March 2 to July 2, the tour includes major stops in New York, Los Angeles, and Toronto. Ticket presales begin on October 12, followed by general sales on October 16.
Elon Musk asks why Starlink still lacks India licence after five years of compliance
Elon Musk has questioned why Starlink is yet to receive an Indian licence, saying the satellite internet company operates in more than 165 countries and has spent five years complying with Indias laws and requirements. His remarks come a day after he alleged that oligarchs were blocking Starlinks entry.
No more input tax credit block for companies buying insurance cover
ITC will also be allowed when businesses buy and resell certain services in the same line of business. This includes restaurant and catering services, hotel rooms costing up to 7,500 a night, and fitness services
Indian carriers cancel Riyadh flights
Three persons were killed and 36 others were injured following attacks on Riyadh and Abha airports on Wednesday. Several explosions were heard in Riyadh on Thursday as well
GST Council meeting: Businesses can now get 90% of claimed refunds in 13 days
The Finance Ministry said the time for acknowledging a refund claim will be cut to 10 days from 15
Four real estate owners arrested for cheating in Salem
Cochin Shipyard gets 40-ship order from US, Europe
Confident of hitting $1 trn exports target in FY27, says Piyush Goyal
Commerce Minister Piyush Goyal says India's export target is achievable despite subdued global trade growth, citing strong domestic businesses, MSMEs and new FTAs
Musk pitches Starlink for India's no-internet, no-network areas a day after 'oligarchs' charge
Elon Musk has advocated for Starlink's potential to enhance internet accessibility in underserved areas of India. He claims that certain oligarchs are obstructing its entry to maintain monopolistic control over the market. The Indian government has rejected these allegations, emphasizing a fair regulatory framework is in place. Starlink representatives have stated their readiness to launch services, awaiting necessary security clearances.
