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09.05.26 - 05:12
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India emerging as a hub for app innovation: Apple (Times of India)
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A young Indian student's innovative app for the visually impaired has earned global recognition, highlighting India's burgeoning developer talent. Apple sees immense potential in India's vibrant tech scene, with Indian developers increasingly achieving global success through the App Store. This growth is supported by dedicated Apple centers fostering innovation and community....
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09.05.26 - 05:12
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No layoffs, hikes deferred by at least a quarter: Air India management (Times of India)
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Air India has assured employees there will be no layoffs despite significant losses exceeding Rs 22,000 crore last fiscal due to various "black swan events." However, annual increments will be deferred by at least a quarter, and employees are urged to cut discretionary spending to manage costs in the uncertain economic climate....
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08.05.26 - 18:12
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India′s forex reserves fall by $7.79 billion to $690.69 billion (Times of India)
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India's foreign exchange reserves experienced a significant drop of $7.794 billion, reaching $690.693 billion in the week ending May 1. This decline, primarily driven by a fall in foreign currency assets and gold reserves, follows a previous decrease. The central bank's intervention in the forex market to support the rupee is a key factor behind this trend....
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08.05.26 - 10:42
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US strikes down Trump′s 10% tariffs — How should India proceed now? (Times of India)
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US courts have again blocked Trump's 10% global tariffs, deeming them unauthorized. This ruling, following earlier tariff invalidations, signals a return to WTO's MFN rates. For India, this policy instability raises concerns, prompting advice to pause Free Trade Agreement talks until US trade systems stabilize, preventing one-sided deals....
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08.05.26 - 08:01
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Why Iran War Risks Hit Indian Stocks Harder (Bloomberg)
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Record foreign outflows and surging energy costs are battering India's economy and the rupee. While geopolitical tensions drive crude prices higher, some sectors show resilience amid the volatility. Lakshmi Iyer of Bajaj Finserv joined Haslinda Amin on Insight to discuss why market corrections offer opportunities and where she sees value in alternatives. (Source: Bloomberg)...
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