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Economy - Angel One

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US Federal Reserve Policy Meet: Powell Holds Interest Rates at 4.3% Despite Political Pressure

8 May 2025

On Wednesday, May 7, the U.S. Federal Reserve chose to leave its benchmark interest rate unchanged at 4.3%, despite the mounting pressure from President Donald Trump to cut borrowing costs. This marks the 3rd consecutive meeting with no rate change, following a series of three cuts in late 2024. Despite the pause, economists and market …

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Elon Musk’s Starlink Granted LoI by DoT to Launch Satellite Internet Services in India

8 May 2025

According to the news reports. Starlink, the satellite internet venture of Elon Musk’s SpaceX, is set to enter the Indian market after receiving a Letter of Intent (LoI) from the Department of Telecommunications (DoT). The development follows Starlink’s compliance with India’s rigorous national security protocols and represents a significant move toward expanding internet access across …

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Government Internship Stipend: How Much Do Top Internships for May 2025 Pay?  

8 May 2025

The Government of India is offering a wide range of internships this May for students and young professionals looking to gain practical experience, certification, and in many cases, a stipend. These internships span across law, energy, child rights, women’s development, policy planning, and more. Here’s a comprehensive guide to nine active internships, complete with details …

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Routematic Raises US$40 Million to Grow Its AI Transport Service

8 May 2025

Routematic, a company that provides transport services for corporate workers, has raised US$40 million in Series C funding. The money came from two sustainability-focused investors—Fullerton Carbon Action Fund and Shift4Good. Routematic Moving From Testing to Expansion After working on its technology for 12 years, Routematic is now ready to grow. The company is gradually shifting …

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RBI’s FY25 Dividend to the Government Likely to Be 50% Higher Than FY24?

8 May 2025

The Reserve Bank of India (RBI) is set to make a significant surplus transfer to the Indian government for the fiscal year 2025 (FY25), which could reach as high as ₹3 lakh crore, as per Economic Times report citing reports by economists. This figure exceeds initial projections and could be 50% higher than the ₹2.1 …

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