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TikTok’s global security chief to step down

Roland Cloutier said his move followed recent changes to the security teams at the video-sharing app




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Indiana mall shooting | Three dead; witness kills gunman: police




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Researchers say Thai pro-democracy activists hit by spyware

Cybersecurity researchers have outlined cases where Thai activists involved in the country’s pro-democracy protests had their devices attacked with spyware




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Regulating digital currencies

Some experts and central bankers point to regulation as the way forward. And supervising stablecoins and crypto exchanges would be a much easier affair than exercising controls over individual financial crypto products.




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Twitter claims Musk is ‘slow-walking’ trial over $44 billion deal

The two sides will make their arguments about the trial's proposed start date to a Delaware Court of Chancery judge on Tuesday




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U.S. crypto exchange Coinbase wins regulatory nod in Italy

The European Union is working on new rules and controls that crypto companies will have to comply with




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Putin heads to Tehran for talks with leaders of Iran, Turkey

The gathering has symbolic meaning for Vladimir Putin’s domestic audience as well, showing off Russia’s international clout even as it grows increasingly isolated and plunges deeper into confrontation with the West




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Sri Lanka crisis live updates | Majority of Sri Lanka’s ruling SLPP party in favour of Dullas Alahapperuma as President, Sajith Premadasa as PM: G.L. Peiris

Acting Sri Lankan President Ranil Wickremesinghe and two others were proposed by lawmakers as the three candidates for the July 20 Presidential election




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Crypto lender Celsius defends Bitcoin mining plans as bankruptcy kicks off

Celsius hopes that Bitcoin mining will help it repair its damaged relationship with customers, whose funds were frozen




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COVID-19 triples across Europe on past six weeks; hospitalisations double: World Health Organisation

WHO's Europe director Dr. Hans Kluge described COVID-19 as “a nasty and potentially deadly illness” that people should not underestimate.




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China summons U.S. envoy Nicholas Burns, warns America shall 'pay price' as Pelosi visits Taiwan

Chinese Vice-Foreign Minister Xie Feng “urgently summoned” the U.S. Ambassador to China Nicholas Burns late on August 2 night and lodged stern representations and strong protests over Nancy Pelosi’s visit




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U.S. bill strengthens digital news publishers’ right for revenue sharing with Big Tech

A revised version of the bill was tabled by bipartisan senators in the United States on Wednesday that strengthens the stance for digital news publishers to negotiate with Big Tech companies for sharing revenues that entail the use of their content.




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Defence Minister Rajnath Singh interacts with Indian diaspora in Nigeria

The Defence Minister represented India at the swearing-in ceremony of Nigerian President Bola Ahmed Tinubu during an unprecedented three-day visit to the African nation.




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‘Bengaluru is a fast-growing city, very diverse and has a big commitment to culture’

Bengaluru joins the league of 40 global cities including New York, London, Paris, and Tokyo among others at World Cities Culture Forum




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Sensex, Nifty hit fresh record closing high levels on rate cut hopes




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India's logistics cost will reduce to single-digit in 5 years: Gadkari




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Is the spike in India’s trade deficit a worry?

What are the sectors in which exports have dropped? Is there any significant risk at this point?




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On the pitfalls of estimating GDP

The ongoing GDP series is due for revision. The official agency is considering using GST data to estimate value addition. However, the agency should be careful to not apply unverified datasets and shaky methodologies without adequate testing and validations for GDP estimation




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GST Council sets up GoM on compensation cess; panel to submit report by December 31

In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28% tax




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Export ban on non-basmati white rice removed

Exports to be permitted with immediate effect subject to a minimum export price of $490 per tonne; duty on parboiled rice cut from 20% to 10%; revival of trade to eastern and south east Asian markets expected




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FPIs inflow hit 9-month high of ₹57,359 cr in equities in September; surpasses ₹1 lakh cr mark

In the debt markets, FPIs infused ₹8,543 crore through the Voluntary Retention Route (VRR) and ₹22,023 crore via the Fully Accessible Route (FRR) in September




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Govt. extends deadline for filing Income Tax audit report to October 7

The I-T Department said that due to the difficulties faced by taxpayers in electronic filing of audit reports, the deadline is being extended from September 30, 2024 to October 7, 2024




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India’s current account deficit in Q1 FY25 widens to $9.7 billion

The current account surplus for Q4:2023-24 was revised downwards to $ 4.6 billion from US$ 5.7 billion earlier due to an upward adjustment of customs data on merchandise imports, the RBI said.




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Fiscal deficit in April-August at 27% of full-year target: Govt data

In absolute terms, the fiscal deficit was at ₹4,35,176 crore as of August-end




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TAFE files contempt petition against AGCO over Massey Ferguson brand




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Fed Chair Powell says U.S. economy is in 'solid shape' with more rate cuts coming




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Government picks three new members to join RBI’s Monetary Policy Committee

The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. They have been appointed for a period of four years.




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Working with MCA to roll out PM Internship Scheme: CII

The MCA has also launched a dedicated, user-centric portal for the scheme, which will serve as a centralised hub and a link between the companies and the aspiring interns




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India, U.S. exploring combined engagement with third countries to source minerals: Piyush Goyal

Piyush Goyal said that critical minerals figured in his official parleys with U.S. Commerce Secretary Gina Raimondo on Thursday.




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India to see steepest rise in living standard of common man in coming decades: FM Nirmala Sitharaman

Addressing the 3rd edition of Kautiliya Economic Conclave here, the Minister said, India's critical economic performance in the recent decade was underscored by its leapfrog from the 10th to the fifth largest economy in five years.




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RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5% for 10th time in a row

‘RBI changes stance of monetary policy to ‘neutral’ from withdrawal of accomodation,’ says Shaktikanta Das.




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India plays crucial geopolitical role from American standpoint: USISPF president Mukesh Aghi

“The economic growth story of India is tremendous. India is among very few large economies which are growing 7-8%,” Mukesh Aghi said




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RBI asks banks to ensure easier accessibility for payment systems to persons with disabilities

RBI instructs banks to review payment systems for accessibility to persons with disabilities, ensuring digital payment inclusivity




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India’s forex kitty drops by $3.71 billion to $701.176 billion

In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion.




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Economics Nobel Winners 2024 and their studies on ‘how institutions are formed and affect prosperity’

Daron Acemoglu and Simon Johnson are professors at the Massachusetts Institute of Technology while James Robinson is based at the Harris School of Public Policy and Department of Political Science at the University of Chicago.




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India’s logistics cost will come down to single-digit percentage in two years: Gadkari

According to quick estimates of the economic think tank National Council of Applied Economic Research (NCAER), logistics costs in India ranged between 7.8% to 8.9% of GDP for the fiscal 2021-22




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Insurance benefits to stay for EPFO subscribers

The minimum and maximum benefits under the Employees’ Deposit Linked Insurance Scheme were enhanced from ₹1.5 lakh and ₹6 lakh to ₹2.5 lakh and ₹7 lakh respectively in 2021 and the benefits were valid for a period of three years, which came to an end on April 27, 2024.




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GoM decides to cut GST on 20-litre water bottles, bicycles to 5%; raise rate on shoes, watches

The Group of Ministers on GST rate on life and health insurance decided to exempt GST on premiums paid for health insurance with coverage of ₹5 lakh for individuals other than senior citizens; final decision to be taken by the GST Council




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Market capitalisation of four of top-10 valued firms jumps ₹81,151 crore; ICICI, HDFC Bank biggest gainers

Reliance Industries continued to remain the most-valued domestic firm, followed by TCS, HDFC Bank, Bharti Airtel




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India well positioned to capitalise on new growth opportunities: Nirmala Sitharaman

Nirmala Sitharaman said that India is looking towards boosting domestic capacities, and building resilience against external shocks




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The job crisis undermines state legitimacy

Unemployment is not merely an economic issue, but a fundamental political challenge that strikes at the heart of how we organise our societies




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India wouldn't be fastest-growing economy if people hadn't utilized digital infrastructure: Nirmala Sitharaman

Nirmala Sitharaman highlighted that providing free digital access to the public, coupled with extensive campaigns and awareness programs in local languages, helped people across the country embrace technology




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FPIs withdraw ₹85,790 crore from Indian equities in October on attractive Chinese market valuations

Since June, foreign portfolio investors (FPIs) have consistently bought equities after withdrawing ₹34,252 crore in April-May




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FPIs withdraw record ₹94,000 crore from Indian equities in October on attractive Chinese valuations

Foreign portfolio investors withdrew ₹94,000 crore from Indian stock market in October due to high valuations, shifting focus to Chinese stocks




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Government invites applications for RBI Deputy Governor

Applicants should have at least 25 years of work experience in Public Administration including experience at the level of Secretary or equivalent in the Government of India




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Nearly 98% ₹2000 banknotes returned; ₹6,970 crore worth notes still with public

On May 19, 2023, the RBI announced the withdrawal of ₹2000 denomination banknotes from circulation




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Indian service providers signal robust growth in October on strong demand conditions

India’s services PMI rebounds to 58.5 in October, driven by strong output, new business, and job creation, signaling economic growth




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Singles' Day shopping festival loses its shine under China's lagging economy

The annual event named by the numeric form of its Nov. 11 date was started by e-commerce platform Alibaba, which offered attractive discounts to entice shoppers to spend big.




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In South America, Trump already losing a trade battle with China

China’s trade lead in Peru over the United States widened to $16.3 billion last year, a stark reversal of just a decade ago when Washington was the dominant player.v




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Parliament proceedings | Three more MPs suspended, total at 146 as Opposition’s protest over mass suspension continues

Union Parliamentary Affairs Minister Pralhad Joshi moved a resolution to suspend MPs Nakul Nath, Deepak Baij and D.K. Suresh for misconduct and storming the Well in the Lower House