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Business

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Forex reserves fall $6.7 billion to $717.06 billion; gold holdings drag

invescoops.com1 month ago01 mins

India’s foreign exchange reserves declined by $6.711 billion to $717.064 billion for the week ended February 6, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the reserves had surged by $14.361 billion to hit an all-time high of $723.774 billion.During the week ended February 6, foreign…

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Aircraft imports from US may boost tourism, cut airfares: Piyush Goyal

invescoops.com1 month ago02 mins

India may import aircraft, engines and spare parts worth about $100 billion from the US under the interim trade pact, a move that could help boost tourism and bring down airfares, Commerce and Industry Minister Piyush Goyal said on Friday. According to a joint statement issued by both sides on Saturday on the framework for…

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Govt clears Rs 10,000 crore Startup India Fund of Funds 2.0 to boost early-stage, deep-tech startups

invescoops.com1 month ago02 mins

The government on Friday approved the second tranche of the Startup India Fund of Funds Scheme with a corpus of Rs 10,000 crore, aimed at encouraging early-stage startups and deep-tech research, Prime Minister Narendra Modi said in a social media post.On his first day at Seva Teerth, his new office, PM Modi signed files linked…

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