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Russian-Ukraine conflict: EU plans to use Moscow’s frozen assets to fund Kyiv; here’s how

The European Union is working on a new financial plan to support Ukraine’s defence and rebuilding efforts by tapping into Russian central bank assets frozen in the West since Moscow’s invasion.Directly seizing these sovereign assets is banned under international law, so the European Commission has proposed a workaround that would allow EU governments to use…

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Global recognition: India wins ISSA Award 2025 for social security; coverage jumps from 19% to 64% in a decade

India has been recognised globally for its strides in social protection, becoming the fifth country to win the prestigious International Social Security Association (ISSA) Award for Outstanding Achievement in Social Security.The honour was conferred at the World Social Security Forum (WSSF) in Kuala Lumpur, Malaysia, where Union Labour and Employment Minister Mansukh Mandaviya received the…

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Unsaturated Indian market offers huge investment; GST reforms key to tackle external factors, says Finance Commission chair

India’s economy is showing strong signs of growth, with opportunities for investment and development expanding across the country, 15th Finance Commission chairman NK Singh said on Friday.He noted that India’s saturated domestic market presents vast opportunities for private investment, public-private partnerships, foreign private capital, and mobilising internal resources.Speaking at the 4th ‘Kautilya Economic Conclave 2025’…

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PLI scheme extension: Govt pushes last date for textile sector applications to December 31; cites industry demand

Centre has decided to give the textile industry more time to join its flagship production-linked incentive (PLI) scheme, extending the deadline for fresh applications to December 31.The move follows what officials described as an “encouraging” response from the sector after the latest round of applications opened in August 2025, PTI reported. Strong proposals have come…

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UPI transaction in September slip below 2 billlion but daily average up

MUMBAI: UPI (Unified Payments Interface) transactions in September 2025 continued to show strong momentum, with growth evident in both daily transaction counts and values. While the total number of transactions for the month dipped slightly compared to August, the average daily data—adjusted for the shorter 30-day September—indicates a clear upward trend in activity on the…

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WeWork India IPO: Office space operator aims to rise Rs 3,000 crore; should you subscribe?

WeWork India, the flexible office operator, is in process to raise Rs 3,000 crore through an offer for sale, which will reduce the promoter stake from 73.6% to 48.1%.The Bengaluru-headquartered company, which runs 68 centres across eight cities including Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai, has only recently started turning a profit, due…

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AI talent wars: OpenAI requests court to dismiss xAI’s allegations; calls them ‘false and unsubstantiated’

OpenAI has asked a federal judge to dismiss a lawsuit from Elon Musk’s AI startup xAI, which claims that the company lured away its employees to steal trade secrets. OpenAI called the case part of Musk’s “ongoing harassment” and denied all allegations as “false and unsubstantiated.”In its court filing, OpenAI said, “Under Musk’s leadership, talented…

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‘Pawn in trade negotiation’: China refuses to buy US soybeans; Donald Trump admin plans support for farmers

American farmers are looking at losing billions of dollars as Chinese importers have refused to buy US soybeans due to tensions between the two nations. To ease the blow, US treasury secretary Scott Bessent announced that the government will be rolling out new support measures for the farming sector.Bessent told CNBC that the federal government…

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Alternatives to Russia oil: India’s Reliance, Nayara ramp up supplies to Brazil, Turkey, UAE; plug in shortages as Russian refineries hit

The majority of Indian exports to Brazil and Turkey originated from Reliance, with Nayara providing a smaller portion. (AI image) With Russia’s oil refineries being damaged by Ukraine attacks, India’s oil companies are plugging in the resulting shortages in the global oil markets. India has moved to fill fuel supply gaps in Russia’s primary markets…

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