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business

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Cut in gold customs duty wipes out over ₹10 lakh crore from Indian market

The single-day wipeout, following the announcement in the Union Budget, is being touted as the sixth-largest wealth depreciation ever observed across the world.

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FM Nirmala Sitharaman says job schemes introduced in the budget not a mandate, just a nudge to companies

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PM Modi hails Economic Survey, says it showcases prevailing strengths of Indian economy, outcomes of various govt reforms

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Ahead of union budget 2024-25, Economic Survey forecasts India's GDP growth at 6.5-7% for FY25

Tesla CEO ELon Musk

Gujarat, Tamil Nadu invite Tesla's component suppliers to lure the EV maker into India

Three component suppliers of Tesla and other automakers recently visited Gujarat, while two European suppliers are looking to expand operations in Tamil Nadu.

Byju’s faces bankruptcy

Byju’s faces bankruptcy proceedings following BCCI petition over 158 crore default

Byju Raveendran, the visionary behind the renowned edutech giant, Byju’s, is on the brink of losing his managerial grip on the company he established in 2011. Once valued at $22 billion in 2022, Byju’s has faced a series of financial setbacks, causing its valuation to plummet to below $200 million.

Union Budget 2024-25

Union Budget 2024-25: Anticipations high as government prepares transformative reforms

The Union Budget 2024-25, set to be presented by Finance Minister Nirmala Sitharaman on July 23, aims to chart India’s path to becoming a developed nation by 2047. Key focus areas include infrastructure development, digital transformation, MSME support, and financial inclusion. Market expectations highlight potential changes in import duties, retail sector boosts, and significant reforms in the education sector.

Rajul Patkar and Mukul Singh

IIT Bombay scientists develop Nutrisen, a technique to advance soil testing

Rather than increasing the number of expensive and resource-intensive labs, Rajul and her colleague Mukul created Nutrisens, a portable device that makes soil testing as simple as using a glucometer.

Adani Vizhinjam port in Kerala

First mothership docks at Adani's Vizhinjam Port, boosts India's global port presence

The arrival of the first mother ship at Adani Group's Vizhinjam Port has put India in the global port business as the port is expected to be ranked 6th or 7th internationally.

Former RBI Chief Raghuram Rajan | Photo: Bloomberg

Services sector holds greater potential for India's economic growth: Raghuram Rajan

Former RBI Governor emphasizes the need for decentralized education and healthcare services to bolster India's economic progress.

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