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BusinessEconomic Times ·

Akhilesh Yadav alleges EOS sale over IDBI row; Nirmala Sitharaman responds

Samajwadi Party chief Akhilesh Yadav has raised objections over the IDBI Bank issue, describing it as an 'EOS sale'. Finance Minister Nirmala Sitharaman has responded to the criticism, pushing back against the opposition leader's remarks. The exchange has added to the broader political debate over the government's handling of IDBI Bank. The article provided only the headline and no further details were available to expand on the specifics of the allegations or the government's full response.

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BusinessEconomic Times ·

Shai Hope scores fourth century against India on West Indies tour

West Indies batsman Shai Hope scored his fourth century of the ongoing tour during the fourth T20I match against India. The match was part of the bilateral series between the two cricketing nations. Hope's consistent performance has been a standout feature of the West Indies' campaign. This achievement highlights his significant contribution to the team throughout the tour.

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BusinessEconomic Times ·

Indian government completes 13 disinvestments over past decade

The Indian government, led by Prime Minister Narendra Modi, has concluded 13 state-owned enterprise disinvestments in the last ten years. These transactions involve selling government stakes in public sector companies. The decade-long initiative is part of a broader strategy to reduce the state's role in business and raise revenue. The report, sourced from The Economic Times, details this divestment record without specifying the total proceeds or individual companies involved.

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BusinessEconomic Times ·

Middle Powers Reassess Strategies Amid Trump's Foreign Policy Moves

A report from The Economic Times indicates that former President Donald Trump's foreign policy approach is causing concern among middle-power nations. These countries are now compelled to re-evaluate their international strategies. The analysis suggests this is due to the unpredictability and transactional nature of Trump's diplomacy. Consequently, nations like Australia and South Korea may seek new alliances or multi-lateral agreements to safeguard their interests.

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BusinessEconomic Times ·

Netflix conducts major layoffs, cutting 150 jobs in cost reduction move

Netflix has laid off approximately 150 employees, marking its largest workforce reduction to date. The job cuts occurred this week and primarily impacted U.S.-based staff. The streaming giant cited slowing revenue growth and the need to reduce costs as reasons for the layoffs. In a memo to staff, Netflix stated the cuts were driven by business needs rather than individual performance.

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BusinessEconomic Times ·

Reliance Industries shareholders may get preferential Jio IPO offer

Reliance Industries is considering a preferential share allotment for its existing shareholders ahead of a potential public listing for Jio Platforms. This move could serve as a benefit for investors holding RIL stock. The development was reported by The Economic Times, suggesting the offer might coincide with the Diwali festive season. The plan, however, remains under consideration and no final decision has been announced.

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BusinessEconomic Times ·

Government Employee Association Urges PM Modi to Scrap NPS Trust

The All India National Public Sector Employees Federation has formally requested Prime Minister Narendra Modi to disband the NPS Trust. The association represents government employees covered by the National Pension System. The request was made in a letter to the Prime Minister's Office. The move highlights ongoing concerns over the governance and management structure of the current pension system.

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