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Silicon Valley’s South Park Commons bullish on India's deeptech space
Posted in Startups

Silicon Valley’s South Park Commons bullish on India’s deeptech space

South Park Commons (SPC), the San Francisco-based founder collective and early-stage investor that’s backed unicorns such as Luma AI, Baseten, Cognition AI, and Replit, is…

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Accel raises $550 million for India, keeps early-stage focus as AI reshapes dealflow
Posted in Startups

Accel raises $550 million for India, keeps early-stage focus as AI reshapes dealflow

Accel, an early backer of Flipkart, Swiggy, and Urban Company, has raised $550 million for its ninth India fund, about 15% lesser than its Fund…

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Govt Plans 40% Hike in SC, ST Atrocity Compensation
Posted in Economy

Government proposes 40% hike in SC/ST atrocity compensation to up to Rs 12 lakh

New Delhi: The government has proposed over 40% increase in compensation for Scheduled Caste and Scheduled Tribe victims of atrocities and financial assistance to states…

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Posted in Economy

India’s ‘BBB-‘ rating unchanged: Fitch cites energy shocks, fiscal weakness, but praises growth

New Delhi: Fitch Ratings on Tuesday kept its sovereign credit rating on India unchanged at the lowest investment grade of “BBB-“, with a “stable” outlook….

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Posted in Economy

New foreign investment rule looms over AIFs, foreign investors

Mumbai: The hint of a new regulation is threatening to upturn the best laid plans of hundreds alternative investment funds (AIFs) – pooled vehicles used…

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Posted in Economy

India-SACU trade pact talks to begin by September, conclude within a year

New Delhi: Negotiations for the India-Southern African Customs Union (SACU) trade pact will commence within one month of the signing of the terms of reference…

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Govt issues advisory against two Bhutanese cos on trade risks
Posted in Economy

Govt issues advisory against two Bhutanese cos on trade risks

New Delhi: The government has advised exporters, Export Credit Guarantee Corporation, banks and other stakeholders to exercise “heightened vigilance” while dealing with two Bhutan-based firms,…

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US federal deficit is expected to hit $2.1 trillion in 2026 as spending rises faster than tax revenue, while debt interest and benefit costs climb. (AFP)
Posted in Business

US federal deficit set to hit $2.1 trillion as spending outpaces tax revenue, CBO says

The US federal budget deficit is on track to cross $2 trillion in fiscal year 2026, making it one of the biggest shortfalls ever recorded….

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Mortgage rates today rose to 6.861% for 30-year loans as inflation, Treasury yields and Middle East tensions keep pressure on US home borrowing costs. (Pexel/Representative image) (Pexel)
Posted in Business

Mortgage rates today: 30-year loan rises to 6.861% as inflation and war keep rates high

Mortgage rates moved higher today. The average interest rate on a 30-year fixed purchase mortgage rose to 6.861%, up from 6.823% yesterday, according to Zillow…

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Posted in Economy

Road ministry revises model concession agreement for BOT projects

The Ministry of Road Transport and Highways has further simplified the model concession agreement for build-operate-transfer (BOT) projects as it seeks greater private-sector participation in…

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