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Cabinet approves two major railway projects, Rs 1,000 crore for space sector startups-Top developments

Cabinet approves two major railway projects, Rs 1,000 crore for space sector startups-Top developments

The Union Cabinet, chaired by the Prime Minister Narendra Modi approved several projects across various sectors on Thursday in New Delhi.Union minister Ashwini Vaishnaw announced that the Cabinet has approved the establishment of a Rs 1,000 crore Venture Capital Fund for the space sector, under the aegis of IN-SPACe and two separate projects for the…

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Reaction Engines reassures staff about salary payments amid rescue talks | Money News

Reaction Engines reassures staff about salary payments amid rescue talks | Money News

Reaction Engines, the British hypersonic aviation pioneer, has moved to reassure employees that they will be paid this month as talks aimed at rescuing the company continue. Sky News understands that staff at Reaction Engines were told this week that it would meet its payroll obligations for October amid growing doubts about its survival. The…

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Malaysia’s inflation expected to reach 2.9% in 2025: Allianz SE chief economist

Malaysia’s inflation expected to reach 2.9% in 2025: Allianz SE chief economist

KUALA LUMPUR: Malaysia’s inflation rate is projected to reach 2.9% in 2025, fuelled by domestic subsidy cuts and global economic volatility. Allianz SE chief economist Ludovic Subran said the removal of subsidies to address fiscal imbalances has contributed to rising costs for Malaysian households, adding pressure to an already delicate economic situation. He said the…

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