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Gold Gains Nearly 5% in a Week as Weaker US Dollar Boosts Prices

Gold prices gained nearly 5 per cent this week as a weaker US dollar, lower Treasury yields and reduced expectations of a near-term Fed rate hike boosted demand for the precious metal.

Govt notifies Rs 62,500 crore mobile manufacturing scheme, targets 60,000 jobs

The five-year Mobile Phone Manufacturing Scheme offers incentives of up to 5% to boost handset production, Indian brands and domestic component sourcing.

Apple

Apple may expand India manufacturing beyond iPhones as three homegrown smartphone players take shape

Vaishnaw says potential Indian brands could emerge within 10-14 months as government pushes domestic design and manufacturing.

Revised FDI framework attracts 29 investments worth Rs 4,895 crore: Govt

The revised FDI framework has facilitated 29 proposed investments worth Rs 4,895.65 crore, with investors from Mauritius, US, Japan, Singapore and other countries.

India’s forex reserves jump $9.9 billion to $716.9 billion, hit fresh FY high

India’s foreign exchange reserves rose $9.905 billion to $716.90 billion in the week ended August 14, supported by higher foreign currency assets and gold reserves.

BMW unveils first India-made electric sedan, i5 Long Wheelbase

BMW India unveils the locally manufactured i5 Long Wheelbase electric sedan, with bookings now open and a claimed range of up to 669 km.

Amazon expands India operations of Counterfeit Crimes Unit to tackle fake products

The expansion will strengthen investigations and cooperation with local law enforcement, with Amazon seeking to protect sellers and shoppers as the festive shopping season approaches.

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