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Stumped by the announcement of the government disallowing free import of laptops, tablets and other electronic devices, representatives of MNC brands such as Apple, Dell, HP and Acer met officials of the Ministry of Electronics and Information Technology on August 8, 2023
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RBI said the uneven monsoon is a cause for concern and can adversely impact inflation
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Banks and financial services are the HR flavour of the season, a report of The Times of India has stated, citing increased migration of talent from other sectors to banking, financial services and insurance (BFSI).
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There is a misconception spreading on social media that after the import ban, laptop prices might increase or there could be a shortage in supply
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Most global agencies such as ADB, IMF, World Bank have forecasted GDP growth rates in the 6.1-6.4% range this year.
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As in FY23, the top three banks in India have a P/B multiple of 2.5 – far higher than the 0.5-1.5 band for banks in some major countries.
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The job losses are 65% higher than the 6,530 employees who faced job cuts in the first half of last year. However, the rate of rise in technology sector job losses globally has been much higher – 470%.
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May was a time of delight for policymakers with retail inflation touching a 25-month low. It was the third successive month of decline with the rates in March and April recorded at 5.66% and 4.7%. But the party could be spoilt in June, economists have warned.
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India has been one of the fastest growing aviation markets and airfares have also risen sharply in India
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The decrease in retail inflation during May can be attributed to a significant drop in the prices of edible oils and vegetables
