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Siemens halts train deliveries to Germany due to defects, Bild reports

BERLIN (Reuters) – German conglomerate Siemens has stopped delivering new fast-speed ICE trains to rail operator Deutsche Bahn due to quality problems in some components, Bild daily reported on Thursday..

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News Stock Market

European shares advance on tech, real estate boost; Swiss stocks shine

By Shashwat Chauhan and Jesus Calero (Reuters) -European shares gained on Thursday, boosted by an advance in technology and real estate stocks, while Swiss equities gained after the central bank.

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Economy News

‘Q1 growth maintains pace of Q4FY24’

The RBI’s monetary policy statement for June has pegged the first quarter growth at 7.3%, and the entire FY25 growth at 7.2%. Current high-frequency indicators of economic activity suggest that.

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Economy News

GST Council Meet on June 22: What’s on the agenda? Read here to know more

Industry is looking at discussions during the GST Council meeting on the revival of a plan to restructure the complex multiple-rate tax structure, with GST revenue having already risen significantly..

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Economy News

Sharper MSP hikes for pulses, oil seeds; paddy support price up just 5.4%

The MSP for paddy was fixed at Rs 2,183/quintal for the last kharif season, which was up 7% on year. The Cabinet on Wednesday approved increases in the range of.

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Commodities News

Oil producers led by Saudis extended supply cuts amid slack prices

The OPEC+ statement didn’t say what would happen to an additional set of voluntary cuts that include a reduction of 2.2 million barrels a day by a smaller group of.

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Commodities News

Analysts see crude around $60 in medium term, to curb India’s import bill

“We believe risks to a strong oil price outlook in the medium term are rising as OPEC+ strategy shifts from ‘managing’ oil prices to ‘protecting market share’,” said Motilal Oswal.

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Commodities News

Crude import bill up 21.4% in April-May

Discounts on Russian oil narrows. India’s crude oil imports in the first two months of the current fiscal increased by almost 6% to 43.1 million tonnes from 40.6 million tonnes.

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Cryptocurrency News

Reducing 1 Percent TDS on Crypto Transactions Can Fetch Over Rs. 5,000 Crore for India by 2027: Report

Since 2022, India has been levying 30 percent taxe on all crypto gains. In addition, it deducts one percent TDS on every crypto transaction. Through TDS, India wishes to maintain.

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Economy News

Rising market offer good opportunity for PSU divestments: Experts

In the interim budget, the government set a goal of raising Rs 50,000 crore through divestment, monetisation of public assets, and capital receipts for the financial year 2024-25. As the.

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