Latest News

Bangladesh to hold national elections in April 2026, interim leader Yunus says

DHAKA, Bangladesh, June 6, 2025 (AP) — Bangladesh’s interim leader Muhammad Yunus on Friday said that the country will hold national elections in the first half of April 2026. In a televised address to the nation on Friday, the Nobel Peace Prize laureate said that the Election Commission would roll out a detailed roadmap for the election in due course. Yunus took over three days after former Prime Minister Sheikh Hasina was ousted in a student-led mass uprising in August 2024, ending her 15-year rule. Hasina has been in exile in India since. The interim government banned Hasina’s Awami League

Musk’s Starlink gets licence to start India services

New Delhi, Jun 6 (PTI) Elon Musk’s Starlink has received a licence from the telecom department for providing satellite internet services in India, a key milestone that will take it closer towards launching commercial operations in the country. Starlink is the third company after Eutelsat OneWeb and Jio Satellite Communications to get a licence from the Department of Telecommunications to provide satellite internet services in the country. A fourth applicant, Amazon’s Kuiper is still waiting for approvals. DoT sources confirmed on Friday that Starlink has indeed received the licence, and said the company will be granted trial spectrum in 15-20

Rupee strengthens 11 paise to close at 85.68 against US dollar as RBI surprises with jumbo rate cut

Mumbai, Jun 6 (PTI) The rupee pared initial losses and appreciated 11 paise to close at 85.68 (provisional) against the US dollar on Friday, after the Reserve Bank cut repo rate by a higher-than-expected 50 basis points to prop up growth. Forex traders said the rupee traded on a flat-to-positive note as the RBI surprised the market with a jumbo rate cut. Besides, the rate cut supported by a phased 100 basis points CRR reduction will lower the borrowing costs and boost growth. Moreover, a surge in the domestic markets supported the rupee at lower levels with both the indices

Sensex jumps over 700 points, Nifty reclaims 25,000-level as investors cheer RBI’s jumbo rate cut

Mumbai, Jun 6 (PTI) Benchmark indices Sensex and Nifty surged nearly 1 per cent on Friday, driven by a rally in rate-sensitive sectors following the Reserve Bank’s jumbo rate cut of 50 basis points. Market analysts said in light of benign inflation forecasts, RBI has taken steps to boost growth. A 50 bps repo rate cut supported by phased 100 basis points CRR cut will boost growth and lower the borrowing costs. The policy is broadly positive for growth and investment in a challenging global macro environment, they said. After a muted start, benchmark sensitive index Sensex and Nifty soon

1 … 687 688 689 690 691 … 1,389