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Posted in Economy

Trump’s 100% Russian oil tariff U-turn has a catch India can’t ignore

US President Donald Trump’s decision to waive threatened tariffs of up to 100% on countries buying Russian oil offers India temporary relief but leaves New…

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Posted in Economy

India notifies first New Zealand FTA duty cuts; sheep meat gets zero duty, kiwi fruit at 15%

India has notified the first set of customs duty concessions for imports from New Zealand under the two countries’ free trade agreement (FTA), with preferential…

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Posted in Economy

‘For global trade’s sake, hope our US deal is inked soon’: FM Nirmala Sitharaman

New Delhi: Finance minister Nirmala Sitharaman Friday expressed hope that the India-US trade agreement would be concluded at the earliest in the interest of global…

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RBI forex remittance rules: No meddling as ‘middlemen’ in forex conversion by banks: New rules forbid conversion of foreign earnings into rupees to detriment of exporters

No bank can now sneak in as a middleman to make money before dollars reach the bank of a small exporter, an Indian shareholder earning…

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Government approves Rs 1,195 crore for ITI cluster modernisation
Posted in Economy

Government approves Rs 1,195 crore for ITI cluster modernisation

New Delhi: The government on Friday approved five strategic investment plans worth Rs 1,194.92 crore for industrial training institute (ITI) clusters across Maharashtra, Odisha and…

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India should become a tech-creator rather than tech-user nation: Niti Aayog vice-chairman Ashok Lahiri

New Delhi: Niti Aayog vice-chairman Ashok Lahiri called for higher investment and its efficient deployment to boost India’s technological dynamism. Addressing the SRCC Centenary Conclave…

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‘Sustained 8-9% Growth Needed to Become Developed Nation by 2047’
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‘India needs 8-9% growth to become a developed nation by 2047’

New Delhi: India will need to sustain annual economic growth of 8-9% over the next two decades to achieve its ambition of becoming a developed…

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Posted in Economy

White House lists investment over $330 billion in US from India

The White House on Friday listed investments worth over $330 billion from India as part of a broader tally of investments in the US, which…

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Posted in Startups

ETtech Deals Digest: Boldfit, GreenCell lead as weekly funding hits $232 million, down 45% on-year

Indian tech and startup funding rose to $231.5 million across 26 rounds during the week ended October 16, more than double the previous week’s tally,…

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Urban Company's Q2 loss triples on InstaHelp burn; CEO Bhal says ready to 'respond in full' to rivals
Posted in Startups

Urban Company’s Q2 loss triples on InstaHelp burn; CEO Bhal says ready to ‘respond in full’ to rivals

Home services platform Urban Company has signalled that it is ready to spend heavily to defend its instant househelp business, after its net loss for…

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