Tag: Business
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India allows four Chinese-linked power equipment firms to bid for government projects
NEW DELHI, July 3 : India has allowed four Chinese power equipment manufacturers with factories in the country to participate in government tenders for critical power projects, according to a government order.TBEA Energy, Nanjing Electric India, New Northeast Electric India and Taikai Electric (India) will be
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India issues notice to Telegram, Signal on concerns over usernames, source says
July 3 : India has issued notices to messaging platforms Telegram and Signal over concerns that their username features could facilitate impersonation and other forms of misuse, a government source said on Friday, escalating the country’s scrutiny of user-anonymity tools on digital platforms.Here are some det
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Thai exports seen up 8% to 10% this year, shippers’ group says
BANGKOK, July 3 : Thailand’s exports are expected to rise by 8 per cent to 10 per cent this year, a shippers’ group said on Friday, raising its forecast from a rise of 2 per cent to 4 per cent made in January.• Exports are expected to continue growing in the second half of 2026,…
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India’s HCLTech wins $1.14 billion deal with European firm
BENGALURU, July 3 : India’s HCLTech has won a $1.14 billion deal with a major European firm, the software services exporter said on Friday.HCLTech’s shares opened 4.6 per cent higher on Friday after the announcement, boosting gains on the Nifty IT index, which was up 2.5 per cent.Here are some details:
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Oil up slightly ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices rose slightly on Friday before a long holiday weekend in the U.S. as wary optimism held over efforts to make peace in the Middle East between the United States and Iran. Brent futures were up 17 cents, or 0.24 per cent, to $72.10 a barrel as of 0155 GMT.…
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Japan finance minister says ready to respond on yen, in contact with US authorities
TOKYO, July 3 : Japanese Finance Minister Satsuki Katayama said on Friday the government will respond appropriately on currency movements, reiterating her warnings as traders braced for possible intervention from the Japanese authorities.”Our stance has not changed. We will respond appropriately at any time a
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Dollar heads for weekly drop as jobs data dims Fed hike bets
HONG KONG, July 3 : The U.S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid June jobs report pushed back markets expectations for Fed rate hikes, providing some relief for the embattled yen. Softness in the greenback continued in early Asian trade, with the eur
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Japan’s services activity returns to growth in June, PMI shows
TOKYO, July 3 : Japan’s services sector returned to expansion in June after stalling the previous month, though business confidence remained subdued amid concerns over Middle East tensions and intensifying cost pressures, a private survey showed on Friday. • The S&P Global final Japan Services Purchasing M
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Exclusive-Meta’s Zuckerberg says AI agent tech progressing slower than expected
NEW YORK, July 2 : Meta Chief Executive Mark Zuckerberg acknowledged shortcomings in the company’s sweeping restructuring at an internal town hall on Thursday, saying the systems known as AI agents had not progressed as quickly as he had expected, according to a recording heard by Reuters. Zuckerberg added t
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Exclusive-Zuckerberg says AI agent tech is developing more slowly than expected
NEW YORK, July 2 : Meta Chief Executive Mark Zuckerberg told an internal town hall on Thursday that AI agent development over the last four months had not “accelerated in the way we expected,” according to a recording heard by Reuters.Zuckerberg added that a company reorganization that included major job cuts
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