Rupee gains 11 paise to finish at 73.04 against U.S. dollar
The Hindu
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U.S. President Donald Trump’s administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, the Wall Street Journal reported
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The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.
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The company, which launched its IPO in 2020, is now listed on the National Stock Exchange as well as the Bombay Stock Exchange.
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The iron ore production has increased by nearly two-thirds since 2015