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Posted in Economy

India eases forex reporting rules for small value service exports, imports

The Reserve Bank of India on Tuesday notified changes to foreign exchange reporting rules for small-value services exports and imports, exempting resident individuals from declaration…

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Oracle plans to raise $20 billion through bonds and stock sales
Posted in Startups

Oracle plans to raise $20 billion through bonds and stock sales

Oracle plans to raise $20 billion through the sale of bonds and new shares, two US regulatory filings showed on Monday, in a move that…

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Chip startup Agrani Labs looks to raise $108 million from Peak XV, Google, Samsung with valuation jump
Posted in Startups

Chip startup Agrani Labs looks to raise $108 million from Peak XV, Google, Samsung with valuation jump

AI chip startup Agrani Labs is in the final stages of closing a $108-110 million funding round at a valuation of around $350 million, people…

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Posted in Economy

India has never allowed genetically modified products’ import, won’t do in future: Piyush Goyal

New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday said India has never allowed imports of any genetically modified (GM) products and would not…

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NSEIX said the initiative would strengthen GIFT City's role as an international financial centre connecting India with global capital markets. (Representative Image/Unsplash)
Posted in Business

NSE International Exchange extends trading hours to nearly 24 hours a day

NSE International Exchange (NSEIX), based in Gujarat’s GIFT City, has extended its trading hours to 23 hours and 30 minutes a day, allowing international investors…

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Posted in GST

From GST to e-invoicing: Closing the loop on Digital India

India’s digital transformation has reshaped how the country pays, sells, files taxes, and moves goods. The GST (Goods and Services Tax) law, launched in July…

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Gold prices in India registered a steep decline in October (REUTERS)
Posted in Business

Gold prices continue to fall ahead of Dhanteras, Diwali; demand likely to increase

Gold prices have dropped by more than 5% over the last month as consumers are stepping up jewellery purchases and placing advance orders amid the…

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Posted in Economy

No water to sow, no respite at the grocery store: India’s prolonged food inflation worry

Rajewadi: Indian farmer Amarsingh Gushinge wants to sow wheat and chickpeas in coming weeks to capitalise on attractive prices, but dwindling water supplies after below-average…

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iPhone revenue in the September quarter stood at $57.6 billion, which is up 17% from a year ago despite supply constraints and foreign exchange headwinds (REUTERS)
Posted in Business

India is key to Apple’s record quarter, as iPhone revenue defies price pressures

Apple delivered a record fiscal fourth-quarter performance, with global revenue up 12% year-on-year to $114.5 billion, despite not having a standard iPhone model in the…

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Sitharaman highlighted that the investors' concerns come at a time when “growth is very important." (REUTERS)
Posted in Business

Nirmala Sitharaman assures she will ‘consider’ investor concerns over LTCG tax: ‘Equity market needs support’

Union finance minister Nirmala Sitharaman on Monday acknowledged retail investors’ growing concerns over the long-term capital gains (LTCG) tax regime, assuring that these would be…

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