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Morgan Stanley Expects One More Rate Cut in October amid Cooling Inflation in India
Global brokerage firm Morgan Stanley has said that the Reserve Bank of India (RBI) is likely to go for one more rate cut of 25 basis points (bps) in its October policy meeting, even as inflation continues to fall rapidly.While the firm expects the central bank to keep rates...
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Piyush Goyal Exhorts Nation's Youth to Be Architects of Viksit Bharat
Union Minister of Commerce and Industry, Piyush Goyal, on Friday exhorted the country's youth to actively contribute to building a Viksit Bharat by 2047, as envisioned by Prime Minister Narendra Modi's 'Panch Pran' (five pledges) for 'Amrit Kaal'.Inaugurating India's...
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QIP Fundraising Hits 5-year High, SBI's RS 20,000 Crore Issue Receives 4 Times Bids
Qualified institutional placements (QIPs) witnessed a resilient growth in July so far, led by State Bank of India's (SBI) recent fundraise, taking the total QIP fundraising to a five-year high of over Rs 30,000 crore.QIPs are a way for listed companies to raise capital...
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FGD Implementation Waiver to Help Coal Plants Save up to RS 24,000 Crore in Annual Tariffs
Centre's recent move to relax the requirement for mandatory installation of flue gas desulphurisation (FGD) systems at most coal-based thermal power plants will help them save Rs 19,000 crore to Rs 24,000 crore in annual tariff expenses, equivalent to Rs 0.17 per unit to Rs...
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Indian Overseas Bank's Profit Jumps 76 PC to RS 1,111 Crore in Q1, NII Rises 13 PC
Indian Overseas Bank (IOB) on Friday reported a strong 75.6 per cent year-on-year (YoY) growth in its net profit for the June quarter (Q1 FY26), reaching Rs 1,111.04 crore.This is a sharp increase compared to Rs 632.81 crore profit the bank earned in the same quarter...
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Perplexity Surpasses ChatGPT to Claim Top Position on Apple App Store
In a significant development in the global AI race, Aravind Srinivas-led Perplexity AI has surpassed OpenAI's ChatGPT to take the top spot among free apps on the Apple App Store.The abrupt surge follows a strategic alliance with telecom operator Airtel, which now provides...
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India's Tyre Sector Poised to Clock 8 PC Revenue Growth in FY26: Report
India's tyre sector will see steady revenue growth of 7-8 per cent during the current financial year, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady,...
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PhonePe's Pincode Empowers Offline Retailers, Digitalises over 1,000 Offline Stores
PhonePe's hyperlocal quick commerce platform, Pincode, has digitally empowered over 1,000 local offline stores across Bengaluru, Pune, Delhi NCR, Hyderabad, Mumbai, and Varanasi.By combining technology, operational expertise, and reliable logistics, Pincode enables offline...
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India's Energy Diplomacy Is Helping Stabilise Global Oil Market: Hardeep Puri
Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India's energy diplomacy is not only securing the country's future but is also helping to stabilise global energy markets.He pointed out in a post on X that India has expanded its oil sourcing from...
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S. Korean Farmers Threaten Action against Possible Opening of Agro Market to US
Local farmers' groups on Friday intensified calls to protect South Korea's agricultural and livestock industries in ongoing tariff negotiations with the United States, threatening to take collective action if the Seoul government agrees to further open the country's...
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National Stock Exchange CEO Ashish Chauhan's Book 'Sthitpragya' Releases in Marathi
National Stock Exchange (NSE) CEO and Managing Director Ashish Kumar Chauhan's book 'Sthitpragya' has been released in Marathi.'Sthitapragya' means the process of maintaining equilibrium. Written by Dr. Mayur Shah, the book recounts his inspiring life journey.It highlights...
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India remains a compelling investment destination globally: Report
India remains a compelling investment destination worldwide, owing to stability, structural reforms and a resilient consumer base, leading global investment firm KKR has stressed.KKR, in its '2025 Mid-Year Global Macro Outlook,' said India's growth prospects and favourable...
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Sensex, Nifty Open Lower as Midcap and Smallcap Hold Markets
The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark.At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82,087 and Nifty was down 35 points or 0.14 per cent at 25,075.In the...
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India to Drive Global Creative Economy with AI-led Innovation: Govt
India is set to lead the global creative economy with AI-driven innovation, as the startup ecosystem surges especially in the tier 2 and 3 cities, according to the government.In order to ensure inclusive communication and last-mile information delivery in every language...
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Department of Posts, AMFI Join Hands for KYC Verification of 24.13 Crore MF Investors
The Department of Posts (DoP) has collaborated with the Association of Mutual Funds in India (AMFI) to streamline KYC (Know Your Customer) verification for approximately 24.13 crore mutual fund investors.This includes 19.04 crore folios in Equity, Hybrid, and...
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PM Modi Launches Projects Worth RS 7,200 Crore, Says Bihar's Growth Vital for Viksit Bharat
Prime Minister Narendra Modi on Friday launched a series of infrastructure projects in Bihar worth Rs 7,200 crore and called for transforming the state into a hub of growth and opportunities, as well as a vital part of the Viksit Bharat mission.Addressing the large public...
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Tata Power Inks 120 MWH Battery Energy Storage Purchase Agreement with NHPC for Kerala
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed its first Battery Energy Storage Purchase Agreement with Government-owned power major NHPC Limited.The project, secured under NHPC's BESS tranche-I tender through a...
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Right Reforms to Spur Investment, Credit and GDP Growth in India: HSBC
At a time when global supply chains are getting rejigged, if India can do the right reforms, it could become a meaningful producer and exporter of goods, which could spur investment, credit and GDP growth, an HSBC report said on Friday.In the chicken-and-egg debate of who...
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PM Modi to Visit Bihar, West Bengal Today, Unveil Development Projects Worth over RS 12,000 Crore
Prime Minister Narendra Modi is set to visit Bihar and West Bengal on Friday, where he will launch a range of developmental projects worth over Rs 12,000 crore.After giving a major thrust to infrastructure development in both states, PM Modi will also address public...
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ONGC Joins BP India to Drive Deeper Exploration in India's Hydrocarbon Sector
The Oil and Natural Gas Corporation Limited (ONGC) on Thursday signed a strategic memorandum of understanding (MoU) with bp India here, which will unlock new frontiers in India's hydrocarbon exploration to drive deeper exploration in India's upstream sector.The aim is to...
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Hopeful to Find Several Guyana-sized Oilfields, Particularly in Andaman Sea: Hardeep Puri
Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Thursday said that he expects the new round of hydrocarbon exploration being launched in India to strike several big Guyana-sized oilfields, particularly in the Andaman Sea."We will drill and explore for more...
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WBSSC Job Case: Despite Extending Deadline, Number of Applicants for Fresh Recruitment Low
With just four days left for the extended application deadline to end for West Bengal School Service Commission (WBSSC)'s fresh recruitment for teaching jobs, the total number of online applications has been extremely low compared to what it was in 2016 when the last...
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India's Agri-tech Sector to Reach 600 Million Dollar by CY29: Report
India's agri-tech sector is on track to reach 600 million dollars in investments by calendar year 2029, a new report said on Thursday.The data compiled by 1Lattice shows that the sector is expected to grow at a steady annual rate of around 6 per cent -- reflecting renewed...
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Piyush Goyal Holds Talks with Saudi Minister on Closer Trade, Investment Ties
Commerce and Industry Minister Piyush Goyal on Thursday said that he held "a productive meeting" with Faisal bin Fadel Al-Ibrahim, Saudi Arabia's Minister of Economy and Planning."Discussed strengthening India-Saudi Arabia ties, with a focus on enhancing our trade and...
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Chennai Corporation Plans More Lounges for Gig Workers; Activists Urge Disability-friendly Designs
As part of efforts to support Gig economy workers, the Greater Chennai Corporation (GCC) has launched dedicated lounges in Anna Nagar and T Nagar, equipped with air conditioning, power outlets, and toilets for food delivery partners and other Gig workers to rest between...