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BusinessEconomic Times ·

Kolkata Rajdhani introduces floral comforters for passenger comfort

The Kolkata Rajdhani Express has introduced new floral-patterned comforters in its air-conditioned coaches. This initiative, reported by The Economic Times, aims to enhance passenger comfort and the overall travel experience. The bedding upgrade is part of an effort to modernize amenities on the premium train. The new comforters have already been rolled out for passengers using the service.

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BusinessEconomic Times ·

India Discusses Inviting Canada's Carney for Republic Day

The Indian government is in talks with Canada to invite its Prime Minister, Justin Trudeau, to be the chief guest at India's Republic Day celebrations in January. The invitation, if extended and accepted, would mark a significant diplomatic gesture between the two nations. This development follows a period of strained relations over the killing of a Sikh separatist leader in Canada. Republic Day, celebrated on January 26th, is a major national event where a foreign head of state is traditionally the guest of honor.

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BusinessEconomic Times ·

India seen as natural partner for Russia in current global climate, says EAM

India's External Affairs Minister stated that Russia sees India as a natural partner amid the current global situation. He made these remarks while speaking at an event, reflecting on bilateral relations. The statement underscores the ongoing diplomatic engagement between the two nations. This positioning is framed within the context of shifting international dynamics.

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BusinessEconomic Times ·

Trump Claims US Shares Intelligence with Ukraine Amid Conflict

Former US President Donald Trump stated that the United States is providing intelligence to Ukraine. He made these remarks during a recent interview, though he did not specify the nature or timing of the intelligence sharing. The comments highlight ongoing American support for Ukraine in its war with Russia. This comes amidst broader discussions about the extent of US military and intelligence aid to Kyiv.

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BusinessEconomic Times ·

India and US Trade Deal Reaching Final Stages, Says External Affairs Minister

India's External Affairs Minister has stated that a trade deal with the United States is approaching a 'landing point'. The announcement was made by the minister during a recent press interaction. The statement indicates that negotiations are in their final, critical phase. A finalized agreement would significantly enhance bilateral economic relations between the two countries.

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BusinessEconomic Times ·

Indian space regulator urges domestic firms to use locally-made chipsets

The Indian space regulator IN-SPACe is actively encouraging the nation's space companies to adopt indigenous semiconductor chips. This initiative aims to reduce dependency on foreign technology and bolster national self-reliance in the space sector. The push was reported by the Economic Times, though a specific timeline for implementation was not provided. The move is part of a broader strategy to strengthen India's domestic space industry and supply chain security.

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BusinessEconomic Times ·

RBI reportedly intervenes to support Indian rupee amid global pressures

The Reserve Bank of India (RBI) is said to have taken action in currency markets to bolster the Indian rupee. This move comes as the rupee faces significant downward pressure against the US dollar due to global financial conditions. The RBI's intervention is a standard tool used to manage excessive volatility in the exchange rate. The Economic Times reported on these developments, characterizing the action as a critical last-minute effort.

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BusinessEconomic Times ·

SC to review Rahul Gandhi, opposition leaders' entry case

The Supreme Court will examine a petition regarding Rahul Gandhi and other opposition leaders' entry into the court premises last July. The case originated from a confrontation with police during a protest concerning a different case. The Delhi High Court had previously dismissed the leaders' petition challenging the police action. The matter is now set for a Supreme Court hearing on October 11.

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BusinessEconomic Times ·

IMF Warns of Potential Economic Risks from AI Investment Boom

The International Monetary Fund has issued a warning regarding the current surge in artificial intelligence investments. The IMF cautions that this AI boom could potentially lead to financial instability if it busts. The organization outlined how rapid growth in speculative tech investments can create economic vulnerabilities. The warning serves as a preemptive note to policymakers and investors to manage risks.

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