Category: Business

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Government specifies 12-week limit to process FDI applications under new rules

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Government specifies 12-week limit to process FDI applications under new rules

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto In a bid to expedite and bring transparency to foreign direct investments (FDI) coming into the country, the Ministry of Commerce has issued an updated Standard Operating Procedure (SOP) document laying out the timeline and guidelines for processing investment applications by foreign companies.  Apart from…

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Govt. approves fifth edition of credit guarantee scheme, extends cover to airlines

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Govt. approves fifth edition of credit guarantee scheme, extends cover to airlines

For airlines, the loans can be for up to 100% of their peak working capital, but this is capped at ₹1,500 crore per borrower, subject to satisfying certain specific conditions. File photo for representational purposes only. | Photo Credit: Reuters In response to the crisis in West Asia, the Union Cabinet on Tuesday (May 5,…

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Stock markets decline as renewed geopolitical concerns weigh on investor sentiment

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Stock markets decline as renewed geopolitical concerns weigh on investor sentiment

Benchmark indices Sensex and Nifty buckled under selling pressure on Tuesday (May 5, 2026) as fresh tensions flared in the Strait of Hormuz region and the ceasefire between the U.S. and Iran came under strain. The rupee hitting a record low against the U.S. dollar amid elevated crude prices also made investors cautious. In a…

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Rupee falls two paise to close at fresh record low of 95.25 against U.S. dollar

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Rupee falls two paise to close at fresh record low of 95.25 against U.S. dollar

Representative image. | Photo Credit: Getty Images/iStockphoto The rupee fell 2 paise to close at an all-time low of 95.25 (provisional) against the U.S. dollar on Tuesday (May 5, 2026), as investors are retreating from riskier assets amid renewed clashes in the Gulf and targeting of UAE infrastructure, which have reignited supply chain fears. Forex…

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Petronet LNG expects Qatar supplies to resume 3-4 weeks after West Asia conflict concludes

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Petronet LNG expects Qatar supplies to resume 3-4 weeks after West Asia conflict concludes

Petronet LNG expects supplies from Qatar to resume within three to four weeks after the conflict in West Asia comes to an end, Saurav Mitra, Head of Finance of the country’s largest importer of LNG told analysts Petronet LNG expects supplies from Qatar to resume within three to four weeks after the conflict in West…

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Indian investments in U.S. on rise, creating American jobs: official

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Indian investments in U.S. on rise, creating American jobs: official

Foreign direct investment from India to the United States was approximately $16.4 billion. File | Photo Credit: Getty Images/iStockphoto Foreign direct investment from India to the United States was approximately $16.4 billion, which supported about 70,800 jobs, a senior U.S. official said. Addressing a CII India Reception on the sidelines of the SelectUSA Investment Summit…

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Prioritise energy security for keeping growth momentum going: RBI MPC member

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Prioritise energy security for keeping growth momentum going: RBI MPC member

Nagesh Kumar, director of the Institute for Studies in Industrial Development, and a member of the Monetary Policy Committee. File | Photo Credit: The Hindu The ongoing West Asia conflict has highlighted India’s structural vulnerability to energy shocks, reinforcing the need to reduce dependence on imported crude and accelerate efforts to strengthen energy security, according…

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India most resilient emerging market economy; better placed to manage future shocks: Moody’s

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India most resilient emerging market economy; better placed to manage future shocks: Moody’s

India has been the most resilient large emerging market economy since 2020, and its sizeable forex reserves have helped check currency volatility and reinforce confidence during global shocks, Moody’s Ratings said | Photo Credit: Reuters India has been the most resilient large emerging market economy since 2020, and its sizeable forex reserves have helped check…

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Apple holds talks with Intel, Samsung for US chipmaking: Report

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Apple holds talks with Intel, Samsung for US chipmaking: Report

Reuters ‌could not immediately verify the ​report [File] | Photo Credit: REUTERS Apple ​has held exploratory discussions about using Intel ‌and Samsung Electronics to produce the ​main processors for its ⁠devices, Bloomberg News reported on Monday, citing people familiar with the deliberations. Apple executives have made ‌visits to a Samsung plant under development in Texas…

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