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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,…
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….
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…
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…
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…
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…
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…
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…
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…
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…