Category: Business

The Indian space regulator has given the joint venture between Reliance Industries' Jio Platforms and SES, based in Luxembourg, the go-ahead to operate satellites in the nation, a government official said. Orbit Connect India, which plans to use satellites to provide high-speed internet access, has received three clearances. This is an emerging phenomenon in a competitive market where Amazon and other corporations are present.

Over 40 Indians lost their lives in a major building fire in Kuwait on Wednesday, adding to the 49 people who died in all. Kirti Vardhan Singh, the minister of state for external affairs, reported that numerous remains had been burned beyond recognition.

Manufacturing, which makes up 77.6% of the IIP's weight, rose by 3.9% in April compared to 5.5% in the same period last year and 5.8% a month earlier.

Investors with high-risk tolerance say that the fund manager should opt for quant funds that eliminate the risk of misplaced decisions. It is explained that a data-driven approach to these funds will quickly implement trades. Quant funds offer benefits in mitigating the effects of emotional investment along with market volatility. Relying on algorithms and models eliminates the impact of human emotions.

Sanjeev Krishan, the chairperson of PwC in India, highlights that the Modi 3.0 government's agenda calls for a specific and customized approach to assist small enterprises, encourage job creation, and guarantee inclusive economic growth.

The first session of the 18th Lok Sabha will begin on June 24 and conclude on July 3.

Forex dealers have observed that the rupee is trading in a narrow range as attention is focused on the US Consumer Price Index (CPI) for May and the Fed rate decision.

The NSE Nifty is up 82.25 points to 23,347.10, while the BSE Sensex is up 252.62 points to 76,709.21.

Elon Musk's businesses have a culture that makes women uncomfortable to work there, according to the Wall Street Journal.

Cherish told the police that she purchased jewels purportedly worth Rs. 6 crore in 2022 after corresponding with jeweler Gaurav Soni on Instagram. She has been paying for these purchases in installments over the past two years.

This follows the release of official data revealing a thirty-fold increase in imports of jewelry parts—which are now classified as restricted—from $52 million in 2022–2023 to $1,551 million in 2023–2024.

Participants in the forex market stated that the rupee is under pressure due to the dollar's strength versus other major currencies and the market's growing anxiety ahead of the Fed meeting.