Tag: india
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India holds rates, ramps up measures to support faltering rupee
MUMBAI: The Reserve Bank of India held its policy rate steady on Friday (Jun 5) and unveiled steps to pull in dollars, seeking to shore up an embattled rupee as the economy grapples with costly oil and foreign outflows.The measures include scrapping capital gains tax for foreign holders of government bonds, s
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Indian central bank keeps key policy rate on hold, despite falling currency
MUMBAI, June 5 : The Reserve Bank of India on Friday kept its policy repo rate unchanged at 5.25 per cent, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth.Nearly 80 per cent of 56 economists polled by Reuters expected the RBI’s monetary policy
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India’s cenbank cuts growth outlook, raises inflation forecast as it keeps rates steady at 5.25%
RBI raised its inflation projection for the year ending March 2027 by 50 basis points to 5.1%, while cutting growth forecast to 6.6% for the year, from 6.9%.
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Outsourcing jobs in Philippines and India come under threat as workers race to adapt to AI
Millions of employees power the world’s two outsourcing giants, but automation is starting to replace tasks they once handled. When will the full scale of disruption hit and how might they have to rethink the future, CNA’s Insight asks.
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T-Mobile opens India tech centre, to hire nearly 1,000 by 2027
BENGALURU, June 4 : U.S. telecom operator T-Mobile opened its global capability center (GCC) in India on Thursday and plans to employ nearly 1,000 people by 2027, according to a statement from an Indian state government. Here are some details: • The tech centre was inaugurated in Hyderabad — ca
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India’s viral ‘Cockroach’ party has millions of followers. What investors need to know
A Gen Z-led, social media-first mock political party in India that has amassed millions of followers and is set to hold an in-person protest on Saturday.
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India: Fire safety crackdown ordered after Delhi hotel fire
Hours after a fire at a New Delhi hotel killed 21 people, the establishment’s owner has been arrested. Delhi is also launching a fire safety inspection. DW has the latest.
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Indian police arrest hotel owner after deadly fire
NEW DELHI: Indian police have arrested the owner of a New Delhi hotel where a fire killed 21 people, as investigators probe safety failures.Police said owner Lavkesh Bajaj was arrested late on Wednesday (Jun 3), hou
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Inside India newsletter: Why Taiwan and South Korea’s stock markets have surged past India within a week
The Indian equity market is losing favour with global investors, as its domestic consumption story weakens and the country lags in AI.
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Electric vehicles: Costly fuel pushes more Indians to buy EVs yet obstacles remain
High fuel prices are strengthening the case for EV adoption in the world’s third largest auto market.
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