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Posted in Economy

India needs to create high-quality jobs, increase productivity growth: IMF

Washington: India would need higher productivity growth, stronger private investment and faster creation of high-quality jobs to achieve the medium-term potential growth of 6.8 per…

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According to the Reserve Bank of India (RBI) bank holiday calendar, banks will remain closed only in Meghalaya on November 13. (AFP)
Posted in Business

Banks in Meghalaya to remain closed on November 13 for Wangala festival

Banking services at public and private-sector lenders in Shillong, Meghalaya, will remain suspended on Friday, November 13, due to the Wangala festival, also known as…

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Karnataka weighs AI infra, funding push for women-led startups after founder feedback
Posted in Startups

Karnataka weighs AI infra, funding push for women-led startups after founder feedback

Bengaluru: Karnataka is considering measures to improve access to capital, AI computing infrastructure, government procurement opportunities and market linkages for women-led startups, following consultations with…

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The Nvidia headquarters in Santa Clara, California, US (Bloomberg/Representative Image)
Posted in Business

Nvidia shares plunge nearly 8.2% after Jensen Huang’s exit as CEO

Nvidia shares came under heavy selling pressure after co-founder Jensen Huang stepped down as CEO on Thursday, with investors concerned about the leadership vacuum at…

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Demand no longer a constraint: Ola Electric's Bhavish Aggarwal on Q2 earnings call
Posted in Startups

Demand no longer a constraint: Ola Electric’s Bhavish Aggarwal on Q2 earnings call

Bengaluru, Ola Electric Chairman and Managing Director Bhavish Aggarwal on Thursday said demand is no longer the electric two-wheeler maker’s constraint; supply is, as the…

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Posted in Economy

India’s net direct tax collections rise 11.8% to Rs 14.42 lakh crore from April 1 to Nov 10

India’s net direct tax collections increased 11.76% year-on-year to Rs 14.42 lakh cr from April 1 till November 10, according to data released by the…

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Nexera Health founder Himanshu Rajpurohit launches medical lending venture MediCash
Posted in Startups

Nexera Health founder Himanshu Rajpurohit launches medical lending venture MediCash

Himanshu Rajpurohit, founder of US-based employee healthcare benefits startup Nexera Health, has launched MediCash, a lending venture that aims to make planned medical procedures more…

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Gaurav Munjal: Gaurav Munjal steps down as Unacademy CEO, Akhilendra Kumar takes over
Posted in Startups

Gaurav Munjal: Gaurav Munjal steps down as Unacademy CEO, Akhilendra Kumar takes over

Bengaluru: Unacademy cofounder Gaurav Munjal has moved from chief executive to executive chairman, handing over leadership of the edtech firm to chief business officer Akhilendra…

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The prohibited item covers waste and scrap of primary cells, primary batteries, and electric accumulators, as well as spent cells, batteries, and accumulators (Photo: Gravita India)
Posted in Business

India bans export of battery ‘black mass’ to cut import dependence for EV, storage sector

India has banned the export of lithium-ion battery “black mass”, moving to retain scarce critical minerals within the country to feed growing domestic battery recycling…

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The Sensex and Nifty have soared more than 10% in November due to falling crude prices and foreign fund inflows. (REUTERS/File)
Posted in Business

Sensex rallies 772 points, Nifty up by 210 points after reaching eight-month high

Indian stock market benchmark indices, Sensex and Nifty, extended their winning run on Wednesday, supported by easing crude oil prices and strong foreign fund inflows….

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