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Indian equity markets opened higher on easing crude oil prices
BUSINESS

Indian equity markets opened higher on easing crude oil prices

Mumbai, July 27 — Domestic equity benchmark indices opened higher on Monday, supported by a sharp decline in crude oil prices.Sensex started the session 549.21 points or 0.72 per cent higher at 76,608.98, while Nifty gained 160.95 points or 0.68 per cent to 23,928.40.All sectoral indices traded in…

‘Corporate Mitras’ to empower MSMEs in smaller cities
BUSINESS

‘Corporate Mitras’ to empower MSMEs in smaller cities

New Delhi, July 27 — The government has said that ‘Corporate Mitras’ are envisaged to provide accessible, affordable, and quality compliance and business support services to Micro, Small and Medium Enterprises (MSMEs), while creating a pool of trained para-professionals by equipping young graduates…

CBDT issues guidance note on crypto tax to be paid in India
NATIONAL

CBDT issues guidance note on crypto tax to be paid in India

New Delhi, July 26 — The Central Board of Direct Taxes (CBDT) has issued a detailed guidance note for Indian crypto platforms and foreign exchanges operating in the country to explain in a simple manner the issues related to reporting taxes and transactions under the provisions of the Income Tax…

India must reduce dependence on oil: Jayant Sinha
BUSINESS

India must reduce dependence on oil: Jayant Sinha

New Delhi, July 26 — India must reduce its dependence on oil, while focusing to invest massively on renewable energy as any spike in global crude prices adversely impacts economic stability of oil-importing countries due to the increase in production expenses and inflation across sectors, Jayant…

China’s economy slows as domestic demand shrinks
WORLD

China’s economy slows as domestic demand shrinks

New Delhi, July 26 — China’s GDP growth slowed to a mere 4.3 per cent in the second quarter this year due to declining domestic demand, reflecting the worsening structural imbalance in the export-dependent economy.“The main factor dragging down GDP growth was nosediving fixed-asset investment…