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Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
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"Disaster": Trump Halts Law Barring Firms From Bribing Foreign Officials
President Donald Trump signed an executive order rolling back enforcement of a law that bars US companies from bribing foreign officials, arguing that the restriction puts American firms at a disadvantage.
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"We Haven't Received Any Request From US": Foreign Ministry On Adani Case
India has not received any communication from the US on the Adani Group, the Ministry of External Affairs (MEA) said in its weekly briefing today, firmly denying reports of summons for the Adani Group Chairman Gautam Adani and others.
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Apple Said to Be in Discussions With Several Indian Firms to Replace Chinese Suppliers
Apple is in discussions with several Indian companies to develop its supply chain ecosystem within the country, according to a report. The company has been shifting its production to other areas in recent years, such as India and Vietnam, after relying heavily on Chinese suppliers until 2020. Apple is reportedly exploring opportunities to establish...
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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
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Fighting Brazil Ban, Elon Musk's X Names Legal Representative
Brazilian law requires foreign companies to name a legal representative to operate in the country. The representative would assume the legal responsibilities for the firm locally.
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Nitin Gadkari Favours Majority Stake For Foreign Firms In Tunnel Construction
Gadkari said providing a majority stake to a foreign partner in the joint venture is necessary to ensure that only serious and technically qualified players bid for tunnel projects.
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Bitget Working With FIU-IND to Obtain Licensing to Operate in ‘Key Market’ India
Bitget has called India a ‘key market’ as it said that it is working to get an FIU registration to operate in India. With the FIU registrations, crypto firms agree to implement strict KYC system, maintain transaction records, and report suspicious transactions.
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US Techies Claim IT Firm Gave Their Jobs To Indians On H1-B Visas: Report
A group of American professionals has levelled serious allegations against Indian tech giant Tata Consultancy (TCS) in the latest twist to the ongoing debate over the US visa program for skilled foreign workers.
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In Meet With US Executives, Xi Jinping Pitches 'China's Peak Theory'
China's President Xi Jinping met American business leaders at the Great Hall of the People in Beijing on Wednesday, as the government tries to woo back foreign investors and international firms seeking reassurance about the impact of new regulations.
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"Don't Make Us Investigation Agency": Gujarat High Court In Hostel Attack Case
"Don't make us an investigation agency", the High Court said firmly on Monday while rejecting a request from a lawyer to take up as a suo moto PIL the attack on foreign students at state-run Gujarat University over the weekend.
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Binance CEO Richard Teng Summoned in Nigeria Over Money Laundering Suspicions: Report
Nigeria’s House of Representatives Committee on Financial Crimes has reportedly summoned Teng on suspicions of the exchange’s potential involvement in money laundering and terror financing. The deadline for this meeting was supposed to be March 4, but news about this meeting having taken place hasn't yet come to light.
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CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges
CoinDCX, that claims to have seen a 2,000 percent hike in crypto desposits in the last few days, has decided to offer one percent bonus to all investors who make deposits on the exchange between January 9 and January 17, 2024.
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iPhone Ban Expands in China, State-Backed Firms Ask Staff to Ditch Apple Devices: Report
More Chinese agencies and state-backed companies across the country have asked their staff to not bring Apple iPhones and other foreign devices to work, Bloomberg News reported on Friday, citing people familiar with the matter.
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India’s Crypto Action Awaits Analysis on Nation-Specific Characters and Risks: Finance Ministry
For India, the deployment of final crypto laws could still be at least 18 months away. Pankaj Chaudhary, Minister of State for Finance, this week told the Rajya Sabha that India is currently laying focus on assessing the impacts and risks that crypto could pose on its existing financial systems.
-
Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
-
"Disaster": Trump Halts Law Barring Firms From Bribing Foreign Officials
President Donald Trump signed an executive order rolling back enforcement of a law that bars US companies from bribing foreign officials, arguing that the restriction puts American firms at a disadvantage.
-
"We Haven't Received Any Request From US": Foreign Ministry On Adani Case
India has not received any communication from the US on the Adani Group, the Ministry of External Affairs (MEA) said in its weekly briefing today, firmly denying reports of summons for the Adani Group Chairman Gautam Adani and others.
-
Apple Said to Be in Discussions With Several Indian Firms to Replace Chinese Suppliers
Apple is in discussions with several Indian companies to develop its supply chain ecosystem within the country, according to a report. The company has been shifting its production to other areas in recent years, such as India and Vietnam, after relying heavily on Chinese suppliers until 2020. Apple is reportedly exploring opportunities to establish...
-
Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
-
Fighting Brazil Ban, Elon Musk's X Names Legal Representative
Brazilian law requires foreign companies to name a legal representative to operate in the country. The representative would assume the legal responsibilities for the firm locally.
-
Nitin Gadkari Favours Majority Stake For Foreign Firms In Tunnel Construction
Gadkari said providing a majority stake to a foreign partner in the joint venture is necessary to ensure that only serious and technically qualified players bid for tunnel projects.
-
Bitget Working With FIU-IND to Obtain Licensing to Operate in ‘Key Market’ India
Bitget has called India a ‘key market’ as it said that it is working to get an FIU registration to operate in India. With the FIU registrations, crypto firms agree to implement strict KYC system, maintain transaction records, and report suspicious transactions.
-
US Techies Claim IT Firm Gave Their Jobs To Indians On H1-B Visas: Report
A group of American professionals has levelled serious allegations against Indian tech giant Tata Consultancy (TCS) in the latest twist to the ongoing debate over the US visa program for skilled foreign workers.
-
In Meet With US Executives, Xi Jinping Pitches 'China's Peak Theory'
China's President Xi Jinping met American business leaders at the Great Hall of the People in Beijing on Wednesday, as the government tries to woo back foreign investors and international firms seeking reassurance about the impact of new regulations.
-
"Don't Make Us Investigation Agency": Gujarat High Court In Hostel Attack Case
"Don't make us an investigation agency", the High Court said firmly on Monday while rejecting a request from a lawyer to take up as a suo moto PIL the attack on foreign students at state-run Gujarat University over the weekend.
-
Binance CEO Richard Teng Summoned in Nigeria Over Money Laundering Suspicions: Report
Nigeria’s House of Representatives Committee on Financial Crimes has reportedly summoned Teng on suspicions of the exchange’s potential involvement in money laundering and terror financing. The deadline for this meeting was supposed to be March 4, but news about this meeting having taken place hasn't yet come to light.
-
CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges
CoinDCX, that claims to have seen a 2,000 percent hike in crypto desposits in the last few days, has decided to offer one percent bonus to all investors who make deposits on the exchange between January 9 and January 17, 2024.
-
iPhone Ban Expands in China, State-Backed Firms Ask Staff to Ditch Apple Devices: Report
More Chinese agencies and state-backed companies across the country have asked their staff to not bring Apple iPhones and other foreign devices to work, Bloomberg News reported on Friday, citing people familiar with the matter.
-
India’s Crypto Action Awaits Analysis on Nation-Specific Characters and Risks: Finance Ministry
For India, the deployment of final crypto laws could still be at least 18 months away. Pankaj Chaudhary, Minister of State for Finance, this week told the Rajya Sabha that India is currently laying focus on assessing the impacts and risks that crypto could pose on its existing financial systems.
