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Business
Canada Set to Impose Retaliatory Tariffs on US Following Trump’s Warning of Severe Consequences
Canada is preparing to announce retaliatory tariffs against the United States, escalating a trade dispute that has worsened following the collapse of negotiations between Ottawa and the Trump administration. An…
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Business
TCS Announces Acquisition of Porsche Division in $373 Million Deal, Secures $1.4 Billion Agreement
Tata Consultancy Services (TCS) has announced its acquisition of MHP Management, the consulting and technology subsidiary of Porsche, for $373 million. This deal is part of a broader five-year strategic…
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Business
UPI@10: Transforming Payment Methods Across Companies and Sectors
MUMBAI: The Unified Payments Interface (UPI) has transformed the landscape of real-time payments, accounting for nearly half of such transactions globally. Launched in April 2016, UPI has seen a staggering…
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Business
Brent Crude Oil Prices Remain Above $90 Amid Escalating Middle East Tensions
Oil prices remained stable on Tuesday after a significant drop of over 2% the previous day. Brent crude rose by 0.09% to $92.25 a barrel, while WTI crude increased by…
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Business
Trump’s 50% Tariff Targets Over 550 Canadian Goods, From Honey to Hockey Sticks
More than 550 Canadian goods are now subject to a 50% tariff imposed by the United States, effective Saturday. This new duty affects a wide range of products, including honey,…
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Business
JD Vance Advocates for Proposed Six-Figure H-1B Visa Fee, Emphasizing ‘Hire and Train Americans’
US Vice President JD Vance has endorsed a proposal from the Trump administration to impose a new fee of $103,265 on most new H-1B visa petitions. Vance emphasized that American…
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Business
Iranian Rial Hits Record Low Amidst New US Sanctions Efforts
Iran’s rial has plunged to a record low, hitting 2.02 million against the US dollar as new sanctions loom from Washington. This economic downturn comes as the US prepares for…
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Tablets Benefit as Laptop Prices Increase
NEW DELHI: India’s tablet market is experiencing significant growth, driven by rising laptop prices and increasing consumer demand for larger, more powerful devices. According to research agency CMR, the market…
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Business
High LNG Prices Hit India Amid Iran Conflict and Hormuz Closure
The ongoing conflict in the Middle East is causing significant disruptions in marine traffic through the Strait of Hormuz, leading Indian energy companies to purchase liquefied natural gas (LNG) at…
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Business
‘No Sugar Shortage’: ISMA Confirms Adequate Stocks in India, Anticipates Price Stabilization Soon
India’s sugar supply remains stable, according to the Indian Sugar Mills Association (ISMA). The industry body addressed rising retail prices, stating that there is no shortage of sugar in the…
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Business
India’s Derivatives Market Undergoes Gen Z Transformation Amid Rising Losses, Reports Sebi
India’s equity derivatives market is witnessing a surge in participation from younger traders and individuals from smaller towns, according to a recent study by the Securities and Exchange Board of…
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Business
Government to Implement Stricter Vehicle Lighting Regulations
NEW DELHI: The Indian Ministry of Road Transport has proposed new regulations aimed at improving vehicle lighting standards to enhance road safety. Under the draft amendments to the Central Motor…
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Business
Cost Pressures Impact Carmakers: Strong Sales Amid Declining Profits
NEW DELHI: Indian car manufacturers are experiencing a surge in vehicle sales, yet this increase is not translating into higher profits. Rising commodity prices, unfavorable currency fluctuations, and production disruptions…
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Business
Nifty 500 Companies Report 13% Earnings Increase in Q1, OMCs Impacted by West Asia Developments
MUMBAI: The top 500 companies in India reported a 13% increase in earnings for the April-June quarter of FY27 compared to the same period last year. Excluding oil marketing companies,…
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Business
HSBC Warns of Negative Cycle Triggered by Currency Weakness
MUMBAI: HSBC has reported a significant increase in its Indian operations, doubling pre-tax profits over the past four years. The bank, which has been present in India since 1853, is…
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