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Business
IBM Faces Significant Decline: $69 Billion Loss as Stock Price Plummets 25% Amid Analyst Concerns
IBM’s share price plummeted 25% on Tuesday, marking its steepest one-day decline since the 1987 “Black Monday” market crash. The drop wiped out approximately $69 billion from the company’s market…
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Business
US President Donald Trump Celebrates Launch of New $1 Coin Featuring His Image
After a series of controversies, U.S. President Donald Trump will appear on a commemorative $1 coin, making him the first living president featured on U.S. currency. The U.S. Mint has…
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Business
NRI Deposits Drive RBI Swaps, Potentially Attracting $80-85 Billion
MUMBAI/NEW DELHI: Indian bankers anticipate that the country will attract between $80 billion and $85 billion in foreign capital through the Reserve Bank of India’s (RBI) swap-backed initiative. This initiative…
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Business
UK-India Investment Pact: Former FTA Negotiator Highlights India’s Potential for Growth and Increased FDI
India is increasingly recognized as a prime investment destination, with global firms showing confidence in its long-term growth potential, according to Harjinder Kang, the UK’s Trade Commissioner for South Asia.…
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Business
China’s Economic Growth Hits Three-Year Low Despite Surge in Exports: Key Insights
China’s economy grew at an annualized rate of 4.3% in the April-June quarter, a decline from 5% in the previous quarter and below market expectations. This slowdown comes despite a…
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Business
JPMorgan Chase Aims to Achieve $1 Trillion Valuation as First Global Bank
JPMorgan Chase is on the verge of becoming the world’s first bank to achieve a market valuation of $1 trillion. The bank’s shares reached a record high following the announcement…
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Business
US Introduces New Non-Proliferation Sanctions Against Individuals and Entities in Iran and Russia
The United States has imposed new non-proliferation sanctions on seven individuals and entities across Iran, Russia, Italy, and Nigeria. This action, announced by the Treasury Department’s Office of Foreign Assets…
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Business
US Markets Open Higher Amid Iran War Tensions and Fluctuating Oil Prices
US stock markets saw modest gains on Wednesday, buoyed by strong quarterly earnings from major companies and easing inflation data. The S&P 500 rose 0.2%, marking its fourth gain in…
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Business
UK Supports India’s Security Concerns in Trade Deal Based on Trust
NEW DELHI: The India-UK trade deal, which took effect on Wednesday, signifies a deepening relationship based on trust and mutual interests, according to UK officials. They emphasized the importance of…
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Business
EPFO Implements New Technology to Accelerate Claims Processing
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) has significantly improved its claims processing efficiency through new technology. The latest version of Centralised IT Enabled Services (CITES), launched on July…
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Business
Ficci Leader Urges Industries to Capitalize on Free Trade Agreements
Ficci President Anant Goenka expressed optimism about India’s economic momentum, particularly following a moderation in oil prices. He emphasized the importance of leveraging recent trade deals to benefit the industry.…
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Business
Oil Prices Rise for Fourth Consecutive Day, Remain Above $85 Amid Middle East Turmoil
Crude oil prices rose for the fourth consecutive day, surpassing the $85 per barrel mark on Thursday. This increase follows heightened tensions between the United States and Iran, raising concerns…
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Business
India-UK Trade Deal: British Cars Become More Affordable While Scotch Whisky Faces Delays
British car manufacturers, including Jaguar Land Rover (JLR) and McLaren, have announced significant price reductions following the implementation of the India-UK Comprehensive Economic and Trade Agreement (CETA) on Wednesday. While…
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Business
Documents for Real Estate Transactions: How to Prepare for Signing
Los Angeles County processes more residential and commercial real estate transactions than almost any other market in the country, and every one of them comes down to the same unglamorous…
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Business
Cabinet Approves Seven Major Decisions: Semicon 2.0, Varanasi Projects, Rail Upgrades, and More
The Union Cabinet approved a comprehensive package of seven major initiatives on Wednesday, focusing on infrastructure, semiconductor manufacturing, mobile phone production, fertilizer, and railway projects. This package, which includes the…
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