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Retail inflation edges up to 3.9% in May
New Delhi: India’s retail inflation rose to 3.93% year-on-year in May – the highest level under the new 2024 base year series introduced in January…
Weak monsoon may drag agri GDP into contraction
Pune: Economists anticipate agricultural GDP to remain flat or contract slightly in 2026-27 amid growing concerns about El Nino. Farmers have already planned to reduce…
RBI pushes banks to bring more dollars home
MUMBAI: Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B)…
Govt hikes onion procurement rate to Rs 16.5 per kg from Saturday to help farmers
The government has raised the onion procurement price under its buffer stock programme to Rs 16.50 per kg with effect from Saturday, from Rs 15.80…
Assam chief minister Chief Minister flags off international consignment of GI-tagged Tezpur litchis to Singapore
Guwahati: In an important step towards increasing the footprints of Assam’s rich horticultural produce in international markets, Chief Minister Himanta Biswa Sarma today ceremonially flagged…
ETtech Deals Digest: Startups raise $225 million in second week of June, up 22% on-year
Startups raised $225 million across 19 rounds in the second week of June, up 22% year-on-year and 39% higher than the previous week. Gurugram-based green…
RBI forex measures to lower banks’ overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
Mumbai: The RBI‘s recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB)…
SpaceX set to surge past $2 trillion valuation in blockbuster Nasdaq debut
SpaceX was on course to blow past $2 trillion in market valuation in its Nasdaq debut on Friday, reflecting the frenzy for the Elon Musk-led…
The AI Price War Is Here, Piling Pressure on OpenAI and Anthropic
The AI price war has begun. The AI Price War Is Here, Piling Pressure on OpenAI and Anthropic Big companies and startups, chafing at rapidly…
India’s forex reserves drop $711 million to $681.610 billion, RBI data shows
India’s forex reserves dropped $711 million to $681.610 billion during the week ending June 5 due to a sharp decline in foreign currency reserves, according…