Starlink not a threat to Indian Telecom giants: India Ratings

Chennai, Sep 29 (UNI) US billionaire Elon Musk’s Starlink Satellite Communication Private Ltd’s satellite internet service will not be a threat to Indian telecom companies given the latter’s competitive rates, said India Ratings Research in a report. In a recent report India Ratings said Starlink’s upcoming satellite internet services, currently on trial, will likely have…

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Moody’s affirms India’s ‘Baa3’ ratings, maintains stable outlook

New Delhi, Sept 29 (UNI) Moody’s Ratings today affirmed India’s long-term local and foreign currency issuer ratings and the local-currency senior unsecured rating Baa3. The rating agency also affirmed India’s other short-term local-currency rating at P-3 while maintaining a ‘Stable’ Outlook. The stable outlook incorporates India’s gradually improving fiscal metrics and resilient growth prospects compared…

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ED uncovers forex racket in Goa

New Delhi, Sept 29 (UNI) The Enforcement Directorate’s (ED) Panaji Zonal Office recently conducted search operations under the provisions of the Foreign Exchange Management Act (FEMA) at the premises of ‘Loja Shamu’, located at 22, Mapusa Municipal Market in Goa. The action was initiated based on specific intelligence received from the Airport Customs in Goa…

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