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Category: Business Updates

Business Updates

GSTN launches geocoding in all states and UTs

May 30, 2023By businessreputationdata

ZTE-linked firm project related to data records is legacy issue: Officials

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Business Updates

TVS Motor announces partnership with Zomato, to deploy over 10,000 electric scooters over 2 years

May 30, 2023By businessreputationdata

“As part of this strategic partnership, TVS Motor will deploy over 10,000 TVS electric scooters over a course of two years, powered by its advanced electric powertrain and superior battery technology,” the automobile major said.

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Business Updates

Rupee rebounds 17 paise to 83.17 against US dollar

May 29, 2023By businessreputationdata

The rupee had lost 18 paise in the previous two sessions.

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Business Updates

India’s merchandise exports drop to 9-month low of $32.25 bn in July

May 28, 2023By businessreputationdata

This led to a narrowing of the trade deficit to $20.67 billion against $25.43 billion in July 2022.

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Business Updates

Reliance Retail in talks for new investments worth $1.5 billion with Gulf, Singapore funds: Report

May 28, 2023By businessreputationdata

Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion, Reuters reported.

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Business Updates

NLC India wins contract for power supply to Rajasthan at Rs 2.64 per unit

May 28, 2023By businessreputationdata

State-owned firm NLC India Ltd (NLCIL) on Monday said it has emerged as the successful bidder for supply of power to Rajasthan at a tariff of Rs 2.64 per unit.

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Business Updates

China affirms 1 billion ton cap on crude oil refining capacity for 2025

May 27, 2023By businessreputationdata

China will cap its crude oil refining capacity at 1 billion metric tons by 2025 to streamline its vast oil processing sector and cap carbon emissions, the country’s state planning agency affirmed in an online posting on Wednesday.

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Business Updates

Red Sea woes: Exporters seek increased credit as freight rates jump 300%

May 26, 2023By businessreputationdata

Rising attacks forced shippers to consider the longer route

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Business Updates

52nd GST Council meeting: States flag issue of ‘retrospective taxation’ on online gaming firms

May 26, 2023By businessreputationdata

Delhi Finance Minister Atishi said tax notices are being sent for a much higher amount than even the estimated valuation of the gaming industry.

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Business Updates

India to outpace Japan as second-largest economy in Asia by 2030: S&P Global Market Intelligence

May 25, 2023By businessreputationdata

By 2030, India’s GDP is also forecast to surpass Germany. At the end of 2022, the size of Indian GDP had already become larger than the GDP of the UK and also France, it said.

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