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NEW DELHI: The government has drawn a hard line under its electronics push, pairing fresh approvals worth thousands of crores with a blunt warning: subsidies will not flow to companies that treat India as a factory floor without building design muscle. Signalling a shift from scale to strategic value, Union IT minister Ashwini Vaishnaw on…
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The Centre’s fiscal deficit stood at Rs 12.52 lakh crore at the end of February, accounting for 80.4 per cent of the full-year target for 2025-26, according to data released by the Controller General of Accounts (CGA) on Monday, PTI reported.This compares with 85.8 per cent of the annual target achieved in the corresponding period…
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Check out the companies making the biggest moves premarket: Sysco — The wholesale food distributor fell 4.5% after it agreed to buy Jetro Restaurant Depot for a total enterprise value of $29.1 billion. The deal is expected to close in Sysco’s 2027 fiscal third quarter, with the company calling the transaction “immediately accretive.” Avis —…
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US President Donald Trump’s remarks about potentially seizing Iran’s Kharg Island oil terminal have sharpened focus on the strategic and commercial stakes tied to one of the country’s most critical energy export hubs.Kharg Island, located in the Persian Gulf, serves as Iran’s primary offshore oil export terminal and handles the bulk of its crude shipments…
