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Stock Market News

Stock Market News

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Moody's Ratings has revised its growth forecast for India to 7% for the current financial year. The rating agency noted India's resilience to energy supply shocks and broad-based economic momentum. It also highlighted risks such as inflation and potential impacts from a deficient southwest monsoon. Global institutions like the Asian Development Bank and World Bank have similarly raised India's growth outlook.

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Officials have said that 11 trains have been selected under the initiative, with staff required to take photographs of coaches and toilets bearing time stamps at the starting station, destination and specified inspection points along the route. The performance of agencies providing on-board housekeeping services will also be evaluated.

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Indian customs authorities are holding containers of bulk Scotch whisky due to a tariff dispute involving Pernod Ricard and Diageo. Authorities insist these shipments are subject to a 150% import duty despite trade pact assurances. The dispute arises over whether concentrates qualify for the reduced 75% tariff established in the India-UK trade agreement. This situation has led to delays in the supply chain for many companies.

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The United States and China plan to initiate a dialogue on superintelligence risks during an upcoming meeting. US Treasury Secretary Scott Bessent highlighted the importance of cooperation in managing artificial intelligence risks. The discussion aims to address shared technological challenges and ensure human oversight remains paramount. Trade agreements have also been outlined to strengthen economic ties between the two nations.

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