‘Iran won’t surrender, any US military intervention will cause irreparable damage’: Khamenei warns Trump

On Tuesday, US President Donald Trump issued a direct warning to Iran and demanded its ‘unconditional surrender’   A day after US President Donald Trump issued a direct warning to Iran and demanded its ‘unconditional surrender’, Iran’s Supreme Leader Ayatollah Ali Khamenei hit back with a defiant message, saying the Iranian people will not submit…

Sebi offers settlement window to stock brokers in algo trading case

Sebi announces a settlement window for brokers linked with unauthorised algo platforms promising assured returns; applications open from June 16   The Securities and Exchange Board of India (Sebi) on Monday announced a settlement scheme for stock brokers associated with certain algorithmic trading (algo) platforms that were found to be in violation of regulatory norms.…

Elon Musk’s Starlink gets govt nod to launch satellite internet service in India

The approval positions Starlink alongside OneWeb and Reliance Jio as India’s authorised satellite internet providers, with commercial rollout expected after spectrum allocation.   Elon Musk’s satellite internet venture, Starlink, has received a key regulatory clearance from the Department of Telecommunications (DoT), Government of India, bringing it closer to launching its services in the country. With…

RBI’s board approves record ₹2.69 trillion surplus transfer to govt

With respect to the Surplus Distribution Policy, any available equity in excess of 7.5 per cent of the balance sheet size (after considering shortfall in market risk buffers, if any) may be written back from the Contingency Fund to income   The Reserve Bank of India’s (RBI’s) central board, which met today, has approved a…