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Posted in Economy

India’s wholesale inflation at 9.68% in May under revamped series as Iran war-driven oil costs bite

India’s wholesale inflation stood at 9.68% in May under a new series, while food and fuel prices stayed at elevated levels amid the continuing Middle…

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India’s fertiliser subsidy model is broken; direct income support is the only way forward: Ashok Gulati

India’s agriculture sector is heading into a challenging season. Concerns over a potentially weak monsoon, the possible impact of El Niño, geopolitical tensions in West…

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Alibaba bids $1.5 billion for China grocer Pupu in Meituan fight
Posted in Startups

Alibaba bids $1.5 billion for China grocer Pupu in Meituan fight

Alibaba Group Holding Ltd. is offering $1.5 billion to buy Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign…

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Volatile crude prices, forex swings and poor rains pose challenge for India: FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said India faces a range of external and domestic challenges, including uncertainty over foreign exchange and crude oil…

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US-Iran peace deal may help boost India’s exports, stabilise rupee

New Delhi: The announcement that the US and Iran have finalised a deal to end their 107-day conflict and reopen the Strait of Hormuz is…

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A 40% surge in Corona Remedies' share price gave the company a market capitalisation of nearly  ₹9,000 crore. (HT)
Posted in Business

Sensex today surges over 1,100 points, Nifty nears 24,000 after US-Iran peace deal

Sensex today: Indian benchmark indices opened sharply higher on Monday, tracking a rally in global markets after the United States and Iran finalised a deal…

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Indian AI startups pitch for funds from venture capitalists in US: Anirudh Arun
Posted in Startups

Indian AI startups pitch for funds from venture capitalists in US: Anirudh Arun

More Indian startups in the artificial intelligence sector are raising funds from the US where investors have taken note of a good rate of return…

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Razorpay confidentially files IPO papers with Sebi
Posted in Startups

Razorpay confidentially files IPO papers with Sebi

Fintech major Razorpay has filed its pre-filed draft red herring prospectus with the Securities and Exchange Board of India and the stock exchanges formally kicking…

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Govt said to accept tweaks to Securities Markets Code draft

New Delhi: The government is learnt to have agreed to several key changes in the proposed Securities Markets Code (SMC), including extending securities market investigation…

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Basmati rice, tea exports to West Asia come to a grinding halt

Kolkata: Amid the US-Israel conflict with Iran, exports of basmati rice and tea to West Asia have come to a halt. Exporters said the Strait…

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