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What changes from August 15
Petrol export levy cut to nil, diesel and ATF duties retained The government has scrapped the export levy on petrol for the next fortnight while continuing to charge duties on diesel and aviation turbine fuel (ATF), according to a ministry of finance notification issued on Friday.The revised rates will take effect from August 15, with…
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PM Modi hails ‘Samudra Manthan’ for deep-sea exploration in Independence Day speech
PM Modi said that nearly 99% of India’s coastal waters had earlier been classified as “no-go areas”. Prime Minister Narendra Modi on Saturday said India has opened up almost its entire coastal waters for exploration as part of efforts to identify new mineral reserves. PM Modi during his Independence Day speech said most of these…
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PM Modi says 7-8 plants coming up; stresses self-reliance in chips
PM Modi noted that semiconductor chips have become indispensable across sectors. Prime Minister Narendra Modi on Saturday said India has started production at three semiconductor manufacturing plants, adding that another seven to eight facilities are expected to become operational in the coming years.Speaking from the ramparts of the Red Fort during the 80th Independence Day…
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PM Modi hails ‘Samrudha Manthan’ for deep-sea exploration in Independence Day speech
PM Modi said that nearly 99% of India’s coastal waters had earlier been classified as “no-go areas”. Prime Minister Narendra Modi on Saturday said India has opened up almost its entire coastal waters for exploration as part of efforts to identify new mineral reserves. PM Modi during his Independence Day speech said most of these…
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Wholesale inflation eases to 9.8% in July
This is the third consecutive month when wholesale inflation has remained over 9% NEW DELHI: Driven by softer energy prices, wholesale price index (WPI) based factory gate inflation moderated to 9.8% in July from a 27-month high of 9.9% in June, official data showed. In comparison, WPI stood at -0.8% in July last year.This is…
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Regulatory ban puts Tata Sons AGM at risk
Chandrasekaran announced his decision to step down as Tata Sons Chairman on August 12 MUMBAI: The Sir Dorabji Tata Trust decided at its Thursday board meeting that it cannot jointly nominate a representative with Sir Ratan Tata Trust (SRTT) for Tata Sons’ Aug 18 annual general meeting because of the regulatory ban on SRTT –…
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Trump admin accuses over 40 nations including India of helping China evade tariffs
The report refers to a US Commerce Department estimate that goods worth $67 billion were transshipped through India, Mexico and Vietnam in 2025. (AP photo) A new US report has alleged that India is among 40 countries that are helping China evade Trump’s tariffs with the help of a shadow trans-shipment network. The White House…
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Wall Street drifts near record highs; economic data in focus
Reddit surged 14.7% after it was announced that the company would be added to the S&P 500 index. US stock market today: Wall Street benchmarks were trading close to their record highs on Friday despite another unexpectedly weak economic indicator, this time showing softer retail spending.The S&P 500 inched up 0.1%, following the record close…
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India’s forex reserves climb to $707 billion, mark $14.1 billion jump
The jump comes amid strong inflows under the RBI’s forex swap measures, which have attracted over $40 billion since June. India’s foreign exchange reserves rose by $14.136 billion to $707.002 billion in the week ended August 7, according to data released by the Reserve Bank of India (RBI) on Friday.The reserves had increased by $10.512…
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Can it become the world’s next semiconductor hub?
India has taken definitive steps to establish itself as a credible player in the global semiconductor ecosystem. With an outlay of over Rs 1.27 lakh crore India has launched the second phase of its ambitious semiconductor programme. Globally, a semiconductor supercycle is underway. If artificial intelligence is reshaping businesses world over, semiconductors are the building…