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Business
Rupee Falls Beyond 96 Against US Dollar for First Time Since May Amid Rising Oil Prices
Rupee weakened past the 96-mark against the US dollar for the first time since late May, closing at 96.16 in early trade on Tuesday. The domestic currency depreciated 48 paise…
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Business
Spain’s Submer Plans $2 Billion Investment in Madhya Pradesh Semiconductor Sector, Potentially Creating 5,000 Jobs
Spanish tech giant Submer Group announced a $2 billion investment in Madhya Pradesh’s semiconductor industry on Monday. This investment is expected to create nearly 5,000 direct jobs. The announcement was…
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Business
Supreme Court Ruling: Bank Merger Without Landlord Approval May Lead to Eviction Under Delhi Rent Control Act
The Supreme Court of India has ruled that tenancy rights transferred between banks during a statutory amalgamation do not receive immunity under the Delhi Rent Control Act. The court reinstated…
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Business
NSE’s Nifty Realty Index: Evaluating Performance in the Real Estate Sector
The Nifty Realty Index, a key benchmark for India’s real estate sector, is currently trading at 932.75, reflecting a decline of 5.85 points or 0.62%. This index, part of the…
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Business
India’s Commerce Landscape: Imports Surpass Exports, Leading to Expanded Trade Deficit
India’s merchandise imports surged 31% year-on-year to $70.84 billion in June, driven by increased purchases of crude oil, electronics, machinery, and precious metals. In contrast, merchandise exports rose 15.5% to…
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Business
Essential ITR Filing Penalties: Key Issues Taxpayers Must Address, from Late Fees to Under-Reporting Defaults
A late filing fee of Rs 5,000 will be imposed on taxpayers who submit their income tax returns after the due date specified under Section 139(1). If the total income…
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Business
Piyush Goyal Denies Claims of India Delaying US Trade Agreement as ‘Completely False and Misleading’
NEW DELHI: The Indian government has categorically denied reports suggesting that it is delaying an interim trade agreement with the United States. Union commerce minister Piyush Goyal labeled these claims…
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Business
India-US Trade Deal Framework Prepared for Timely Signing, According to Official
Negotiations for a trade agreement between India and the United States are progressing smoothly, with a framework deal ready for signing at an appropriate time, according to an official statement…
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Business
Donald Trump Unveils 20% Toll on Ships in Strait of Hormuz, Plans to Reinstate Iran Blockade
US President Donald Trump announced on Monday that the United States is reinstating a blockade on Iran in the Strait of Hormuz. As part of this action, the US will…
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Business
Aditya Birla Group Acquires Shell-Backed Sprng Energy in Major Renewable Energy Deal
Aditya Birla Renewables Ltd (ABRen), the renewable energy division of Grasim Industries, has finalized an agreement to acquire Sprng Energy from Shell Overseas Investment BV for approximately $1.8 billion. This…
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Business
India-US Trade Deal: Framework Agreement Prepared for Bilateral Trade Pact
NEW DELHI: The Indian government announced on Monday that discussions for the first phase of a bilateral trade agreement with the United States are progressing well. Commerce Secretary Rajesh Agrawal…
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Business
India-UK Free Trade Agreement: Tariff Reductions Insufficient for Export Growth, Says GTRI
India’s upcoming Comprehensive Economic and Trade Agreement (CETA) with the UK, effective July 15, is set to enhance market access for Indian exporters. However, the Global Trade Research Initiative (GTRI)…
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Business
E20 Controversy Unveiled: Revisiting an Old Roadmap in the Corporate Spotlight
The Indian government’s initiative to implement mandatory 20% ethanol-blended petrol, known as E20, has sparked a political controversy. Opposition leaders are questioning the decision, citing a 2021 NITI Aayog report…
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Business
Foreign Investors Reengage with Indian Market as Equities Drive Recovery
Foreign portfolio investors (FPIs) have shifted their strategy in July, becoming net buyers in Indian markets after months of selling. In the first ten days of July, FPIs invested $2.59…
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Business
Middle East Turmoil Resurfaces: Oil Prices Surge 4% Amid US-Iran Tensions
Oil prices surged on Monday, driven by escalating military tensions in the Middle East. Crude prices rose by 4% as renewed conflict between Iran and the United States heightened fears…
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