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Business
SpaceX IPO: Company Surpasses Amazon in Market Value Following IPO Surge; Options Trading Commences
Shares of Elon Musk’s SpaceX surged over 14% on Tuesday, elevating the company’s market valuation to approximately $2.85 trillion. This increase briefly placed SpaceX ahead of Microsoft and above Amazon’s…
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Business
Donald Trump Announces Potential Reimposition of Russian Crude Sanctions Following Hormuz Reopening
US President Donald Trump announced on Tuesday that the United States is preparing to reimpose sanctions on Russian oil shipments. This statement follows the resumption of crude oil flows through…
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Business
India’s Grain Reserves Surge as El Nino Returns: Record Rice Stocks and Five-Year High Wheat Stores
India’s rice stocks in government warehouses surged 15% year-on-year to a record 68.43 million metric tonnes as of June 1, significantly surpassing the government’s target of 13.5 million tonnes. Wheat…
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International
One Year Later: Unanswered Questions Persist in Air India Crash Investigation
A year after the tragic crash of Air India Flight 171 shortly after takeoff from Ahmedabad, investigators are still grappling with the reasons behind the disaster that claimed 260 lives.…
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International
‘Dancing Girl’ Image Reinstated in Indian Textbook Following Public Outcry
The recent decision to withdraw a modified image of a nude artefact from an Indian school textbook has ignited significant controversy among historians and educators. The image in question is…
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International
India Imposes Temporary Ban on Telegram Amid Concerns Over Exam Paper Leaks
India has temporarily blocked access to the Telegram app amid concerns that it may facilitate cheating in the upcoming National Eligibility cum Entrance Test – Undergraduate (NEET-UG). This decision comes…
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Business
Oil Prices Drop 4% Following Trump’s US-Iran Deal Announcement and Hormuz Reopening
Oil prices plummeted to their lowest levels since March on Monday, following US President Donald Trump’s announcement that the Iran deal is “complete.” Trump declared the “immediate toll-free reopening of…
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Business
US-Iran Peace Agreement Boosts Markets and Currency Exchange
Global markets experienced a significant rally on Monday following the announcement of a framework agreement between the United States and Iran aimed at ending their longstanding conflict. This development has…
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Business
ITR Filing for FY 2025-26: Is It Possible to Alternate Between New and Old Income Tax Regimes Annually?
Individuals filing their income tax returns for FY 2025-26 face a crucial decision: whether to choose the old or new tax regime. This choice can significantly impact tax savings, and…
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Business
FM Sitharaman Signals Additional Measures to Boost Foreign Capital Inflows ‘First Step, Not End of the Story’
Finance Minister Nirmala Sitharaman announced that recent measures to attract foreign capital represent the “first step” in India’s strategy to navigate the ongoing geopolitical crisis and the US-Iran conflict. Speaking…
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Business
Arvind Panagariya Advocates for a Dedicated Privatization Ministry
Former Niti Aayog vice chairman Arvind Panagariya has urged the Indian government to revive its privatisation agenda for public sector undertakings (PSUs) and public sector banks (PSBs). He emphasized that…
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Business
US Emergency Oil Stockpile Hits Record Low Amid Concerns
More than four decades after its establishment, the U.S. Strategic Petroleum Reserve (SPR) has reached its lowest level since 1983. Recent federal data reveals that the reserve now holds 340.3…
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Business
Impact of US-Iran Peace Deal on India’s Crude Oil Supplies Following Strait of Hormuz Opening
US-Iran negotiations have led to a potential peace deal that could significantly impact global crude oil supplies. If the agreement is signed on Friday, the reopening of the Strait of…
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Business
Zepto’s IPO: Will 10-Minute Delivery Model Withstand Public Market Evaluation?
NEW DELHI: Zepto, a quick-commerce platform founded by Aadit Palicha and Kaivalya Vohra, has filed its draft red herring prospectus (DRHP) for an initial public offering (IPO) that could raise…
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Business
India Introduces Producer Price Index, Plans to Phase Out Wholesale Inflation Gauge in Five Years
India has officially launched its Producer Price Index (PPI) data for goods and services, marking a significant shift from the traditional Wholesale Price Index (WPI). This transition, reported by PTI,…
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