Category: Business

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Sensex Rises 293 Points In Early Trade As Markets Extend Rally For 7th Day

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The 30-share BSE Sensex climbed 293.7 points to 66,892.61 in early trade. Mumbai: Equity benchmark indices extended their rally for the seventh day running on Monday as investors continued to remain optimistic about the domestic markets. Buying in index majors Reliance Industries and Tata Consultancy Services also added to the winning momentum in equities. The…

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Tough task ahead to make WTO’s dispute settlement system fully functional: Experts

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Members of the World Trade Organization will have a tough task ahead to make WTO’s dispute settlement system fully functional by 2024 due to divergent approaches proposed by countries like China, and the European Union, experts say. On September 9, G-20 leaders expressed their commitment to conducting discussions for having a fully and well-functioning dispute…

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India’s external debt-service ratio at 5.3% within comfort zone, says Finance Minister

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Union Finance Minister Nirmala Sitharaman addresses the media during a press conference on G-20 Leaders’ Summit. File. | Photo Credit: ANI India’s external debt of $624.7 billion at March-end 2023 with a debt-service ratio of 5.3% is within the comfort zone and modest from a cross-country perspective, Finance Minister Nirmala Sitharaman has said. In her…

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As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

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An outright ban on crypto currencies that was mooted by the Reserve Bank of India, and under consideration by the government, is likely off the cards. File. | Photo Credit: Reuters With the G-20 countries agreeing to explore a coordinated regulatory framework for crypto assets, India could wait a while longer before firming up its…

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G-20 Summit 2023 | Resuming Black Sea grain trade will cool global food inflation: Finance Minister Sitharaman

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Turkish-flagged bulker TQ Samsun, carrying grain under U.N.’s Black Sea Grain Initiative, is pictured in the Black Sea, north of Bosphorus Strait, off Istanbul, Turkey. File. | Photo Credit: Reuters The G-20 leaders’ recommendation to revive the Black Sea Grain Initiative (BSGI) to help the movement of grains, food, and fertilisers from Russia and Ukraine…

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On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms next month

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Union Finance Minister Nirmala Sitharaman during a press conference at the G-20 Summit, in New Delhi, on September 9, 2023. | Photo Credit: PTI Paving the way for a co-ordinated global approach to regulating cryptocurrencies, strengthening multilateral development banks’ lending capacity and replicating the use of digital public infrastructure like the India Stack to expand…

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Adani Ports, Adani Enterprises’ Promoters Raise Stake

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New Delhi: The promoters of Adani Ports & SEZ have acquired an additional 2.17 per cent stake in the company, according to exchange filings. With this, the promoters have raised their stake to 65.23 per cent from 63.06 per cent. The promoters of Adani Enterprises acquired an additional 2.06 per cent stake in the company….

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Coal scam | Delhi court allows Naveen Jindal to travel abroad

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A Delhi court has allowed Congress leader and industrialist Naveen Jindal, accused in three cases related to alleged irregularities in the allocation of coal blocks, to travel to Oman and UAE from September 11 to 13. Special Judge Arun Bhardwaj allowed Mr. Jindal’s application noting he had travelled abroad several times in the past and…

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Switch plans to make LCVS of 2-tonne and 4-7.5 tonne GVW

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Switch Mobility Chief Executive Officer Mahesh Babu with the newly unveiled IeV4 vehicle in Chennai. | Photo Credit: N. Anand Switch Mobility, the electric vehicle arm of Ashok Leyland, is planning to produce electric Light Commercial Vehicles (LCVs) with Gross Vehicle Weight (GVW) under two tonnes and above 4-7.5 tonnes within the next five years,…

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