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The dollar index rose 0.6% to 106.96. Against the yen, the greenback gained 0.7% to 149.46.
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TCS, Infosys earnings, FOMC minutes, inflation, exports-imports, are the key events, data points to track
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Retail inflation jumped to a 15-month high of 7.44 per cent in July, as prices of vegetables and other food items spiked, according to official data.
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The dollar did retrace some of its losses after U.S. factory orders gained 1.2% in August, compared with expectations of a 0.2% rise.
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"With the focused activities of the board, it is expected that turmeric exports will reach USD 1 billion by 2030," a commerce ministry statement said.
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Changes are already happening in the job market. In India, there has been a significant increase in job postings related to AI and Generative AI
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The proposed Digital India Bill can use WEF inputs while considering AI regulation so that least harm is done to human labour
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Siraj Hussain says preliminary assessment of the impact of this monsoon shows that paddy, pulses, oilseeds and sugar cane crops may have been adversely impacted in some regions
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Headquartered in Paris, the merged entity will have Bharti Enterprises as its largest shareholder, with a 21.2 per cent stake.
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The index is compiled for 88 centres and All-India and is released on the last working day of the succeeding month.
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Mortgage rates have been climbing along with the 10-year Treasury yield, which lenders use as a guide to pricing loans.
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Finance Minister Shunichi Suzuki said on Thursday that Japan would not rule out any options if there was any excessive volatility in currency moves, warning against speculative yen moves amid the currency’s fall.
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Russia’s ban on fuel exports will not be lifted soon and will remain in place until the domestic market stabilises, the state-run TASS news agency reported on Thursday, citing Russian Energy Minister Nikolai Shulginov.
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Growth is believed to be accelerating in the current July-September quarter, fueled by still-free-spending consumers.
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Swaminathan was awarded 33 national and 32 international awards, including, Padma Bhushan and Ramon Magsaysay Award, for helping India achieve food security
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The public holiday on September 28, 2023 declared earlier has been cancelled.
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The private sector contributes 40 per cent of Research and Development (R&D) in the country, while its share in developed countries is 70 per cent, Bery said, while addressing an event organised by the Public Affairs Forum of India (PAFI).
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India will sell 50-year bonds for the first time, introducing ultra-long maturity debt to cater to the growing demand from insurance and pension funds.
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According to a recent World Bank report, the economy steeped in unemployment and abject poverty of the vast majority is now facing deflation.
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The money market is the fountainhead of money supply for other markets. And, a vibrant and growing bond market accelerates economic growth at a faster clip
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Noting that Uttar Pradesh is the third largest economy in the country and aiming to become a USD 1 trillion economy, he lauded the rapid transformation of infrastructure in the state in terms of expressways and airports.
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Recently, the Indian government took a major action by halting visa processing services in Canada.
This follows allegations from Canadian PM Justin Trudeau that India is linked to the killing of Khalistani terrorist Hardeep Singh Nijjar. Subsequently, Canada expelled senior Indian diplomats from Canada, prompting India to take a similar action in return.
Canada is home to over 1.6 million individuals of Indian descent, making up roughly 4% of the country's total population, with Sikhs accounting for just 2%. Each year, the Indian community contributes significantly to Canada's economy through various means, such as business investments and students pursuing education opportunities.
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This downward revision is attributed to a slowdown in exports and potential disruptions in agricultural output due to unpredictable rainfall patterns. The GDP forecast for the fiscal year 2024-2025 remains unchanged at 6.7 percent
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Kotak identified new challenges for the Indian market in its latest note, including the prolonged global interest rate increase, the risk of rising global oil prices affecting profitability gains, and government limitations
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For studios, the hope is that because of its huge user base in the US, TikTok, like YouTube, can serve as a platform to raise awareness and create buzz for their new movies, whether through legitimate trailers (movie marketing campaigns now routinely include a TikTok strategy) or illegally uploaded clips
