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Trump says call with Xi ‘productive’: Trade, fentanyl & TikTok deal discussed; two leaders to meet at APEC summit

US China trade talks (AI image) US President Donald Trump on Friday called his conversation with Chinese President Xi Jinping a ‘productive one’. According to Trump, the call touched upon various aspects such as trade, fentanyl, and the TikTok deal. Trump also said he would meet Xi at the APEC Summit in South Korea.“I just…

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IATA presents key proposals on aviation safety sustainability and efficiency at ICAO assembly

MUMBAI: The International Civil Aviation Organization (ICAO) will take up 14 working papers submitted by the International Air Transport Association (IATA) at its 42nd Assembly in Montreal this month. These papers cover aviation safety, sustainability, and efficiency, with a strong focus on boosting Sustainable Aviation Fuel (SAF) production, reaffirming CORSIA as the sole global climate…

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Sebi eases securities transfer, introduces TLH code; simplifies nominee-to-legal heir process

Markets regulator Sebi on Friday announced a simplified framework for transferring securities from a nominee to the legal heir, aimed at reducing unnecessary tax and compliance hassles.Under the current system, such transfers were sometimes treated as “sales” and assessed for capital gains tax, even though Section 47(iii) of the Income Tax Act, 1961, exempts them….

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Forex kitty expands to $702.9 bn, $4.7 bn added in a week; gold reserves rise $2.1 bn

India’s foreign exchange reserves rose by $4.698 billion to $702.966 billion for the week ended September 12, according to data released by the Reserve Bank of India on Friday.This marks the second consecutive week of robust accretion, after reserves had climbed $4.038 billion to $698.268 billion in the previous reporting week, PTI reported.Foreign currency assets,…

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Third upgrade in 2025! Japan’s R&I raises India’s sovereign rating to BBB+; cites strong growth outlook and fiscal discipline

Japan’s Rating and Investment Information, Inc. (R&I) has upgraded India’s long-term sovereign credit rating from ‘BBB’ to ‘BBB+’ with a Stable Outlook, marking the country’s third sovereign rating upgrade in 2025. The move emphasizes confidence in India’s domestic demand-driven growth and prudent fiscal management, the Government of India announced on Thursday.“Despite the uncertainties surrounding the…

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Stock markets steady on SIP flows: Jefferies says mutual fund inflows preventing crash; stocks seen trading sideways

India’s stock markets are being propped up largely by consistent mutual fund investments, which are preventing a sharper fall despite heavy outflows, Jefferies has said in a new report.The brokerage noted that without these steady inflows, the high level of equity supply in the market could have triggered a collapse, news agency ANI reported. “Indian…

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Placements 2026: IITs see strong early momentum; job offers set to rise

India’s premier engineering colleges are witnessing encouraging signs ahead of the 2026 placement season, with recruiters showing stronger intent to hire despite global economic uncertainties and trade tensions.The placement process for the graduating class of 2026 at the seven older Indian Institutes of Technology (IITs)Bombay, Delhi, Madras, Kharagpur, Kanpur, BHU, and Roorkee, will officially begin…

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