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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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US stocks rise as Dow, S&P 500 and Nasdaq gain, while oil prices, Strait of Hormuz tensions and upcoming US inflation data keep investors cautious. (Photographer: Michael Nagle/Bloomberg) (Bloomberg)
Posted in Business

US markets today: Dow, S&P 500 and Nasdaq rise as oil, inflation and Hormuz tensions keep investors cautious

US stocks opened slightly higher on Tuesday, with investors watching developments around the Middle East conflict, oil prices and upcoming US inflation data. The S&P…

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XAI cofounder's startup River AI raises $1.1 billion to expand custom AI tools
Posted in Startups

XAI cofounder’s startup River AI raises $1.1 billion to expand custom AI tools

Startup River AI, founded by xAI cofounder Igor Babuschkin, said on Tuesday it has raised $1.1 billion, looking to expand tools that help clients build…

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ETtech Explainer: Why is Meesho building a low-cost logistics network for grocery?
Posted in Startups

ETtech Explainer: Why is Meesho building a low-cost logistics network for grocery?

Value ecommerce platform Meesho is taking a second shot at grocery, but this time via a business-to-business (B2B) retail play and a separate local logistics…

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Starlight Purple colorway has a gorgeous pattern representing shooting stars across a dimly lit sky (HT Photo/Vishal Mathur)
Posted in Business

Xiaomi Redmi Note 17 showcases how pragmatism helps find a value sweet spot

If left unchecked, the smartphone space risks geopolitical uncertainty and the supply chain’s bill of materials dictating what phones will be like for the foreseeable…

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Intel’s 165% stock surge helps fund its $15 billion share sale as the chipmaker boosts spending on factories, equipment and AI amid strong demand. (REUTERS/Dado Ruvic/Illustration/File Photo/File Photo) (REUTERS)
Posted in Business

Intel’s 165% stock surge helps fund $15 billion share sale for AI and chip factories

Intel has gained about 165% this year, giving the chipmaker a much stronger position to raise money from investors. The company now plans to raise…

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Posted in Economy

India’s net direct tax collection rises 23% to Rs 8.11 lakh crore as of August 10

India’s net direct tax collections rose 23.09% year-on-year to Rs 8.11 lakh crore as of August 10 in the current financial year, according to government…

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