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IPhone Exports from India Touch New All-time High in April-June Quarter
In yet another success story of India's local manufacturing push, iPhone maker Apple has achieved record exports numbers in the April-June quarter in the country, reaching around $3.8 billion.Riding on the government's production-linked incentive (PLI) scheme, Apple reached...
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MyGov Turns 10: Let's Work towards a Viksit Bharat by 2047, Says CEO
Even as citizen-centric platform MyGov on Friday celebrated 10 years of participatory governance, CEO Akash Tripathi pledged to work towards a Viksit Bharat by 2047.The platform aims to connect with every citizen through its social media platforms.It empowers people to...
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India's Banks Stronger than in the Past, Fuelling Economic Growth: RBI Deputy Chief
The Indian financial system is stronger than in the past and the country's economy is an outlier which is growing steadily even as the global financial system is facing strong headwinds, according to RBI Deputy Governor M. Rajeshwar Rao."If we exclude post-COVID rebound in...
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Lower Income Tax Would Boost FMCG Sector Growth
Finance Minister Nirmala Sitharaman decreased income tax and increased standard deduction rebate in the Union Budget 2024-25. This move by the government is likely to boost FMCG sector growth.According to marketing research firm Kantar Worldpanel, "The FMCG sector is...
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Robust Cybersecurity Measures Must for Global Health Tech Industry: Report
As the global healthcare industry embraces technology, with interconnected medical devices, there is an urgent need for robust cybersecurity measures to safeguard patients' data, a report showed on Friday.The report by GlobalData, a data and analytics company, showed that...
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Indian Retail Investors behind 12 Times Surge in Index Funds Folios in Last 4 Years
As more and more Indians prefer to have simple and transparent exposures in mutual funds, the total retail folios in index funds increased by nearly 12 times from 4.95 lakh in March 2020 to 59.37 lakh in December 2023, a study by Zerodha Fund House showed on Friday.The...
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16.83 Crore New Jobs Created in Last 6 Years: MoS Karandlaje
As many as 16.83 crore new jobs have been created in the last six financial years from 2017-18 to 2023-24 , Minister of State (MoS) for Labour and Employment Shobha Karandlaje informed the Parliament.The total employment in the country registered a robust 35 per cent...
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Starlink Now Operational on More than 1,000 Aircraft: Musk
The affordable internet service Starlink is now operational on more than 1,000 aircraft, SpaceX and Tesla CEO Elon Musk said on Thursday.According to the company, Starlink keeps passengers connected with high-speed internet from the moment they step onboard their...
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CBDT Explains Taxation of Capital Gains
The Central Board of Direct Taxes (CBDT) on Thursday issued FAQs to explain the new capital gains tax regime in Budget 2024-25.Q: What are the major changes brought about in the taxation of capital gains by the Union Budget 2024-25?A: The taxation of capital gains has been...
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Google Maps to alert about road widths, flyovers, EV charging stations in India
Google on Thursday announced several new features to enable more efficient and sustainable journeys via Maps in India, powered by artificial intelligence (AI) and local partners.The company said it is introducing a new feature for Maps users in India designed to reduce the...
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HP brings powerful AI PCs for businesses, retail customers in India
PC and printer major HP on Thursday unveiled its most powerful AI PCs in India which are aimed at empowering large enterprises, startups and retail consumers.The new devices include the HP EliteBook Ultra and HP OmniBook X, being the company's first Copilot+ PCs.Both...
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Mobile Spam Menace: Centre Extends Feedback Submission Deadline to August 5
To curb the spread of spam calls and unsolicited business messages, the Centre on Thursday extended the timeline for feedback submission for draft guidelines by 15 days to August 5.The Department of Consumer Affairs said that in view of requests received from various...
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Flight Delays, Cancellations: Aviation Minister Assures Corrective Measures
Civil Aviation Minister Kinjarapu Rammohan Naidu on Thursday said that the ministry is addressing flight delay and cancellation issues, stressing that "passenger is the top priority."During Question Hour in the Lok Sabha on Thursday, MPs Amra Ram and KC Venugopal raised...
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Indexation removal on real estate won't hike tax burden, has limited impact
Amid the growing chatter over the removal of indexation benefit in the long-term capital gain (LTCG) calculation, Finance Minister Nirmala Sitharaman has reiterated that the move is not a "revenue-raising measure" and will not lead to a higher tax burden on real estate...
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Sensex Trades Lower on Negative Global Cues
Indian equity indices opened in the deep red on Thursday following negative cues from global markets.At 9.43 a.m., Sensex was at 79,697, down 450 points or 0.56 per cent and Nifty was down 125 points or 0.51 per cent at 24,288.Midcap and smallcap stocks are seeing less...
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Indian GenAI Startup Devnagri Raises New Funds Led by Inflection Point Ventures
Homegrown Generative AI (GenAI) startup Devnagri on Thursday said it has raised an undisclosed amount in a pre-Series A round led by Inflection Point Ventures.The B2B-focused Indian language translation startup said new funds will be allocated to marketing, sales,...
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Tesla's Profit Tanks 45 PC in Q2, Musk Plans to Reveal Robotaxi in October
Elon Musk-run Tesla has reported $1.5 billion in profit for the April-June period (Q2) this year, down 45 per cent from the same period in 2023.Total revenue was up 2 per cent (year-on-year) at $25.5 billion, but automotive revenues was down 7 per cent to $19.9 billion,...
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Sensex Trades Lower amid Volatility
India's frontline indices opened in the red on Wednesday as heavyweights like HUL and Bajaj Finance emerged as top losers.At 9:52 a.m., Sensex was down 280 points or 0.35 per cent, at 80,174 and Nifty was down 72 points or 0.30 per cent.Buying is seen in the broader market....
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Vietnam's E-commerce Boasts Highest Annual Growth in ASEAN
Vietnam's e-commerce market has boasted an average annual growth rate of 16-30 per cent over the past four years, the highest in the Association of Southeast Asian Nations (ASEAN) region, local media VOV reported.Citing OpenGov Asia, a content platform dedicated to sharing...
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Here's How New Capital Gain Proposal Helps Investors Save Tax
The proposal to remove indexation benefit in the long-term capital gain calculation in the Union Budget 2024-25 will ultimately be beneficial to investors, the Centre has saidAs Finance Minister Nirmala Sitharaman's proposal sparks debate, Revenue Secretary Sanjay Malhotra...
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Adani Green Begins Wind Generation from Khavda Renewable Energy Plant
Adani Green Energy Limited (AGEL) on Wednesday said it has operationalised the first 250 MW wind capacity at the world's largest 30,000 MW (30 GW) renewable energy plant at Khavda, Gujarat.With this milestone, 2,250 MW of cumulative capacity has been made operational at the...
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Over 23 Lakh New Employees Figure on ESIC Payroll Data in May
The latest provisional payroll data of the Employees' State Insurance Corporation (ESIC) released on Wednesday revealed that 23.05 lakh new employees were added in May, which represents a growth of 14 per cent in net registrations compared to the same month last year.As...
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Will Vijayan Join List of CMS Boycotting NITI Aayog Meet on July 27?
All eyes are on the forthcoming NITI Aayog meeting to be chaired by Prime Minister Narendra Modi, as by now four chief ministers have refused to attend it as a mark of protest against the Union Budget.The chief ministers of Tamil Nadu, Karnataka, Telangana and Himachal...
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Share of Telugu States in Central Taxes Goes Up
The share of Telugu states in Central taxes and duties for 2024-25 has gone up, according to the Union Budget Estimates.While the share of Andhra Pradesh has gone up substantially, the hike is marginal in the case of Telangana.Andhra Pradesh's share has gone up by nearly 13...
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Budget Heralds Big Bang Tax Reforms, Simplifies Long Term Capital Gains: Experts
The Union Budget under Prime Minister Narendra Modi 3.0 contains some big bang tax reforms and the government is sticking to its path of simplifying and streamlining the entire tax regime, experts said on Wednesday.Allaying the fears of investors on long-term capital gains...