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Rupee rises 57 paise to close at 6-month high of 93.91

MUMBAI: The rupee strengthened 57 paise to close at 93.91 a six-month high against the US dollar, extending its recovery on sustained foreign fund inflows, falling crude oil prices and easing concerns over the global concentration of investments in artificial intelligence. The currency has emerged as the second-best performer against the dollar this month after…

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135624296

Social media platforms urged to act on digital arrest scams

NEW DELHI: Electronics and IT minister Ashwini Vaishnaw called on social media platforms to take greater responsibility for the content they carry, pressing them to explain how their algorithms work, protect children from harmful content and give users a better way to resolve complaints.Asked whether govt was considering withdrawing safe-harbour protection for social media companies,…

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fta

‘Loads more ahead’: British High Commission in India hails trade deal amid Diwali celebrations

India-UK Free Trade Agreement (FTA) NEW DELHI: The British High Commission in India marked Diwali by highlighting the landmark India-UK Free Trade Agreement (FTA), saying the deal has given the two countries more reasons to celebrate and expressing optimism about the future of their partnership.In a post on X, the High Commission said this year’s…

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135624356

Rules tightened for classifying gold-backed farm loans as PSL

MUMBAI: RBI has proposed tighter rules for classifying gold-backed farm loans as priority sector lending (PSL), requiring banks to verify borrowers’ actual agricultural credit needs against the district scale of finance for the crop. Banks would also have to document field inspections, crop hypothecation and evidence of agricultural activity by landless cultivators failing which loans…

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why is elon musk pulling the plug on teslas cybertruck

Elon Musk’s futuristic dream vehicle to cease production – What went wrong with Tesla’s Cybertruck

Why is Elon Musk pulling the plug on Tesla’s Cybertruck Tesla’s Cybertruck arrived with big ambitions, a futuristic design and Elon Musk‘s backing.Now, it is bidding adieu.The high-tech pickup was meant to shake up the automobile industry, but its journey is coming to an end. Musk announced on Friday that Tesla would wind down Cybertruck…

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coca colas india bottling arm files ipo papers

Coca-Cola’s Indian bottling business files for IPO; 99.75 crore shares up for sale

Coca-Cola’s India bottling arm files IPO papers NEW DELHI: The Coca-Cola Company’s Indian bottling business, Hindustan Coca-Cola Holdings Ltd (HCCH), has initiated the process for a stock market listing by filing its draft IPO papers with the Securities and Exchange Board of India (Sebi).The proposed initial public offering (IPO) will involve the sale of up…

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