Giri world

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India is actively seeking to broaden its crude oil and coking coal suppliers, with a keen interest in high-quality US coking coal. Minister Piyush Goyal highlighted the US's potential to provide crucial technology like GPUs for AI and data center equipment, while India offers manufacturing prowess. Significant aircraft demand from the US also presents a key opportunity. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/89QRvhG >

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Adani Group plans a massive $100 billion investment by 2035 to establish renewable energy-powered, AI-ready data centers across India. This initiative aims to foster a $250 billion AI infrastructure ecosystem, building on existing partnerships and expanding renewable energy capacity to support India's ambition as an AI hub. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/WOdgRIE >

US stocks saw mixed trading as consumer confidence dipped and AI's impact on earnings remained a concern. General Mills and Genuine Parts faced significant drops due to weak consumer sentiment and company forecasts. Meanwhile, Warner Bros. Discovery saw gains amid buyout talks, while Big Tech stocks experienced volatility, raising questions about AI investment returns. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Rr81o7z >

India is offering agricultural quotas in an interim trade deal with the US, aiming for a March signing. Officials state these quotas are small and align with current imports, designed to boost Indian textile exports. The agreement, focusing on agricultural goods and potentially digital services, is being finalized in Washington. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ElOuYTD >

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Contrary to fears, generative AI isn't causing mass layoffs in India's IT sector. A new ICRIER-OpenAI study reveals AI is boosting productivity and transforming roles, not replacing workers. While entry-level hiring has seen a slight dip, mid and senior positions remain stable, indicating a shift towards skill enhancement rather than job elimination. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JbZpAze >

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The Dadachanji Group has launched KAIRISH Innotech, venturing into custom-built machines, medical devices, and automation for pharma and healthcare. This new entity aims to be a one-stop engineering partner, offering comprehensive solutions from machinery design to sterilization. The move signifies a significant expansion into advanced technological offerings for various industries. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/7M0a4h3 >

Over Rs 72,000 crore in unclaimed bank deposits, untouched for a decade, have been transferred to the RBI's Depositor Education and Awareness Fund. Public sector banks hold the largest portion. The government has launched UDGAM to help people trace their money and introduced measures to prevent further accumulation, aiming to boost financial literacy. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/XpNTGDV >

Brands are introducing protein-rich products to meet growing health consciousness in India. Starbucks now offers protein-infused cold foam for iced drinks. This move aims to integrate wellness into daily routines. A standard iced coffee already contains significant protein, and the added foam boosts it further. Starbucks is also providing zero-sugar options. This trend targets health-aware consumers who value their lifestyle. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bHy9aAW >

Tata Steel expects domestic steel prices to rise this quarter, while its CFO highlights margin protection amidst a challenging year. The EU's carbon border tax is seen as a positive for Tata Steel's European operations, leveling the playing field for carbon costs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/rnjw87F >

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Dalal Street anticipates a strong opening on Monday as the US-India trade deal nears completion. Positive sentiment is fueled by Gift Nifty's rise and recent constructive developments, including agreement on bilateral trade areas. Analysts foresee increased exports, job creation, and potential foreign investment, boosting market confidence after a volatile week. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xiaICUM >

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The income tax department has released draft rules aimed at simplifying tax filing and compliance for individuals and companies, effective April 1. These rules emphasize faceless assessments and reduced disputes, with simplified language and redesigned forms for easier taxpayer understanding. The draft is open for public feedback until February 22. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8xCRnPv >

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The RBI is set to introduce new rules to protect bank customers. Small digital fraud victims could receive up to Rs 25,000 compensation. Stricter guidelines will also target mis-selling of financial products and aggressive loan recovery practices. These measures aim to enhance consumer safety amidst growing cyber risks and unfair sales tactics. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/M3qIuYF >

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In the Budget, FM Nirmala Sitharaman had proposed to provide a tax holiday till 2047 to any foreign company providing cloud services to customers globally by using data centre services from India. It will, however, need to provide services to Indian customers through an Indian reseller entity. Officials said profits on the income from domestic economic activities will remain taxable as any other domestic company. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/pyzGhQW >

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The UK govt did not conclude a bilateral investment treaty, or arrangements in relation to legal services, new market access for financial services, or final arrangements for mutual recognition of professional qualifications, and India did not get “as much on the mobility issues as it would have liked”, the report says. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/TKlt1oI >

The US will reduce tariffs on most Indian goods to 18% from 50% as part of a new trade agreement, aiming to address the large trade deficit. India has agreed to cut tariffs on a range of US products, including industrial goods, wine, and spirits, to zero. Sensitive Indian agriculture and dairy sectors remain protected under the deal. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/UPBY7r6 >

With this deal, India bags a place among countries facing one of the lowest tariff rates from the Donald Trump administration. Incidentally, the 18% tariff rate is lower than Pakistan’s 19%, Indonesia’s 19%. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Au84s6R >

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