Indian steelmakers urge government for minimum import price amid global slump
With safeguard duty set to expire, domestic producers warn that falling international prices are eroding profits and demand extended government support.
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Real-money game over, battle will now shift to the old field
Following the real-money game ban in India, traditional gaming studios anticipate growth as RMG players migrate to casual gaming. This shift is expected to attract investment and talent, with developers focusing on in-app purchases and subscriptions. An industry association has…
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Reliance Jio IPO at $154 billion valuation? India’s biggest listing and what investors need to know
Global brokerage Goldman Sachs has projected Reliance Jio’s enterprise value at $154 billion in a bull-case scenario, setting the upper benchmark for what analysts are calling a potential game-changer for Indian capital markets. Other major brokerages are similarly bullish—Jefferies values…
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Chip mission 2.0 to prioritise silicon carbide wafer making
The push for SiC wafers comes as they operate at higher voltages, temperatures and frequencies, officials said. In semiconductor manufacturing, a wafer is a thin, circular slice of a crystalline semiconductor material, most commonly silicon, upon which integrated circuits are…
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Rupee likely to stay under pressure after breach of critical 88/USD mark
The Indian rupee is expected to remain weak after breaching the 88-per-dollar mark, emboldening speculators. Despite better-than-expected June-quarter GDP, the rupee faces downside risks due to heavy equity outflows and dollar demand. Asian currencies are generally weak, and the market’s…
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Modi and Xi Jinping discuss strategic autonomy and strengthening India-China relations
Prime Minister Modi and President Xi Jinping met ahead of the SCO summit, emphasizing strategic autonomy and resolving differences without third-party influence. They aim to boost trade, address the trade deficit, and ensure border peace for better relations.
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