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Business
FM Sitharaman Highlights Innovation Risks of AI, Advocates for Efficiency Without Compromising Stability
Finance Minister Nirmala Sitharaman addressed the Global Fintech Fest 2026, emphasizing the dual nature of artificial intelligence. She described it as a “double-edged sword,” capable of both detecting and perpetrating…
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Business
Uber Withdraws from Nigeria and Uganda: Challenges Facing Africa’s Ride-Hailing Market
Uber is exiting the Nigerian and Ugandan markets, ceasing operations in both countries effective September 2. This decision follows a 12-year presence in Nigeria and nearly a decade in Uganda.…
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Business
Global Fintech Fest 2026: RBI Governor Highlights India’s Role in Shaping Future Global Finance Architecture
NEW DELHI: Reserve Bank of India (RBI) Governor Sanjay Malhotra stated on Thursday that India is positioned to become a key player in shaping the future of global finance. Speaking…
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Business
FATF VP Highlights Ongoing Crypto Challenges, Emphasizes Need for Partnerships Beyond Regulators
MUMBAI: Vivek Aggarwal, the first Indian bureaucrat elected to the Financial Action Task Force (FATF), highlighted unresolved risks from virtual assets, including cryptocurrencies. He pointed to challenges posed by decentralized…
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Business
Government Enhances E-Commerce Regulations: Key Changes on Price Transparency and Dark Patterns Explained
The Indian government has amended the Consumer Protection (E-Commerce) Rules, 2020, to enhance regulations for online marketplaces. These changes focus on price transparency, search results, and consumer complaints, while also…
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Business
Internships Evolve into Hiring Pathways: Companies Transforming Interns into Full-Time Employees
In a job market marked by frequent layoffs, a new report from Deloitte India reveals a notable shift in hiring trends, particularly for entry-level positions. The report indicates that the…
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Business
Tax Officer Identifies Rs 5.15 Lakh Unexplained Income for Senior Citizen with Fixed Deposit and Cash Deposit
A senior citizen woman has successfully contested a nine-year-long tax dispute with the Income Tax Department, culminating in a favorable ruling from the Income Tax Appellate Tribunal (ITAT) Jaipur. The…
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Business
FSSAI to Implement Checks on E-Commerce Platforms Starting October India News Update
New Delhi: The Food Safety and Standards Authority of India (FSSAI) has secured nearly 2,000 convictions in food safety cases nationwide. The agency is intensifying enforcement measures, including holding e-commerce…
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Business
Apple’s Foldable Launch Set to Impact Market and Challenge Samsung
NEW DELHI: Apple is set to enter the foldable smartphone market with the launch of the iPhone Duo, priced at Rs 2,99,900. This move is expected to draw attention to…
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Business
Sebi Chief Indicates Potential Adjustments to F&O Settlement Price Mechanism
MUMBAI: The Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey confirmed on Thursday that the newly introduced Closing Auction Session (CAS) will remain in place. However, the…
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Business
Flipkart’s Quick-Commerce Business Thrives in Small Towns
MUMBAI: Flipkart’s quick commerce business, Minutes, is experiencing significant growth in small towns across India. Cities like Siliguri, Ambala, Barabanki, Bhagalpur, and Durgapur have seen a nearly 25-fold increase in…
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Business
Oil Prices Reach $107 per Barrel Amid Ongoing Hormuz Strait Disruptions
Oil prices surged on Friday, with both Brent and WTI crude benchmarks set to close the week above $100 a barrel for the first time since mid-May. As of 7:30…
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Business
Brent Oil Prices Remain Above $100 Amid Iran-US Tensions and Potential Supply Disruptions
Oil prices continued their upward trajectory on Thursday, with Brent crude remaining above $100 a barrel amid escalating tensions between Iran and the United States. Brent crude futures increased by…
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Business
Google’s Major Investment in AI Infrastructure: Nearly $15 Billion Commitment in Finland
Google has announced a substantial investment of 13 billion euros (approximately $15.1 billion) in Finland over the next two years. This marks the company’s largest single investment in Europe. The…
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Business
Billion-Dollar Surge: Jefferies Highlights Six Key Sectors Fueling ‘India’s New Industrial Revolution’
Global investment bank Jefferies has released a report titled ‘India’s New Industrial Revolution,’ identifying key sectors poised for growth in India. The report highlights the potential of India’s large domestic…
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