US President Joe Biden said Arab countries including Saudi Arabia were prepared to "fully recognise Israel" in a future deal as he and his Democratic predecessors Bill Clinton and Barack Obama pushed back on critics of his Middle East policies at a campaign event.
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Rupee hits new low ahead of Fed meeting
The rupee settled at a new closing low of 83.57 against the US dollar on Tuesday, tracking the rise in the dollar index and increased demand for the greenback among oil importers, according to dealers.
Govt restricts import of gold jewellery amid unusual surge
The government on Tuesday imposed restrictions on the import of gold jewellery and parts from all countries, except from its free-trade agreement (FTA) partner United Arab Emirates amid an 'unusual surge' in the inbound shipments.
HDFC Bank raises FD rates by 20 bps
HDFC Bank, the largest private sector lender, has raised retail fixed deposit rates by up to 20 basis points (bps) across various buckets with effect from June 10.
I-T dept set to complete 170K reassessments by next March
The income tax (I-T) department could complete by March 2025 reassessments of 170,000 notices issued between March 2021 and March 2024 for undisclosed income in past assessment years.
SBI to scale up global ops through GIFT City
June State Bank of India (SBI), the country's largest bank, with about $80 billion balance sheet size of global operations, will step up focus on doing business through International Financial Services Centre (IFSC), GIFT City, in Gujarat's Gandhinagar, SBI executives said.
India to remain fastest-growing among largest economies, says World Bank
Retains FY25 growth forecast at 6.6%
Swiss trial: Nanny was like 2nd mum, says Ajay Hinduja
The scion of the Hinduja family rejected allegations he overworked an Indian nanny at his Swiss villa, saying it would've been idiotic to do so when she was like a \"second mum\" to his kids.
Wadhwani Foundation ties up with IITS, AICTE
The increasing integration of artificial intelligence (AI) across sectors will cause a short-term churn, but lead to a substantial increase in productivity in the long term and fuel job creation, said Ajay Kela, president and chief executive officer, Wadhwani Foundation.
Persistent partners Google Cloud to drive GenAl growth
Information technology (IT) services firm Persistent Systems has entered into a long-term partnership with Google Cloud to drive the adoption of generative artificial intelligence (GenAI) in the United States, the United Kingdom, India, and Australia.
DPIIT officials, Flipkart, toy makers to meet today
Senior officials from the Commerce and Industry Ministry, Walmart group firm Flipkart, and domestic toy makers will discuss on Thursday ways to increase sourcing and immediately taking manufacturers onboard the e-commerce platform, an industry official said.
