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Posted in Economy

India’s July services sector growth slides to over four-year low as demand wilts: PMI

Bengaluru: Growth in India’s dominant services sector slumped ​to its weakest ​pace in over four years in July as ​demand was weighed down by fierce…

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RBI Governor Sanjay Malhotra, while announcing the repo rate, also said that the economic growth continues to be supported by resilient demand. (Reuters)
Posted in Business

RBI keeps policy repo rate unchanged at 5.25%, maintains neutral stance

The Reserve Bank of India on Wednesday announced that it would keep the policy repo rate unchanged at 5.25%, with the Monetary Policy Committee unanimously…

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File photo: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (REUTERS)
Posted in Business

Sensex gains, Nifty flat ahead of RBI rate decision

India’s Nifty traded flat while Sensex gained on Wednesday ahead of the central bank’s policy decision, as investors bet on unchanged rates and looked for…

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Qwen Max
Posted in Business

Alibaba’s Qwen 3.8 Max, rogue behaviour, and rising capex leads to rising worries

Cognitive warmup. Chinese tech giant Alibaba has released the Qwen 3.8-Max, which it says is their “most capable AI model to date”. This is also…

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Sidbi tweaks startup fund rules, nudges VCs to draw capital faster
Posted in Startups

Sidbi tweaks startup fund rules, nudges VCs to draw capital faster

The Small Industries Development Bank of India (Sidbi), which manages the government’s Rs 10,000 crore Fund of Funds for Startups (FFS), has modified its rules,…

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Climate tech startup InRisk raises $27 million from Bessemer, others
Posted in Startups

Climate tech startup InRisk raises $27 million from Bessemer, others

Climate tech startup InRisk Labs has raised $27 million in a round co-led by Bessemer Venture Partners and Sameer Brij Verma’s Northpoint Capital, while its…

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Karnataka plans new procurement framework to ease startup tech adoption
Posted in Startups

Karnataka plans new procurement framework to ease startup tech adoption

Karnataka is planning a new procurement framework to enable government departments to adopt technologies developed by startups, as the state looks to bridge the gap…

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Posted in Economy

Government moves closer to restoring MDR on UPI merchant payments

New Delhi: The government on Tuesday introduced amendments to the Payment and Settlement Systems Act in Parliament, moving closer to restoring merchant discount rates (MDR)…

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Sugar prices surge 17% in a month, mills expect more government curbs
Posted in Economy

Sugar prices surge 17% in a month, mills expect more government curbs

Pune: India’s sugar industry expects the government to implement additional measures to control rising prices of the sweetener. Prices increased 4.3% in the past week…

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Posted in Economy

Govt unveils tax overhaul to woo global investors, boost manufacturing

New Delhi: Finance minister Nirmala Sitharaman has introduced a Bill to amend India’s tax laws to attract more foreign investment, support electronics manufacturing, encourage investment…

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