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GeM facilitates Rs 2,200 crore asset disposal for govt entities in 4 years

NEW DELHI: Public procurement portal GeM has enabled government departments and entities to raise Rs 2,200 crore over the last about four years through the disposal of assets such as scrap, e-waste, old vehicles, machinery, and leasehold properties, an official statement said on Sunday. The government e-marketplace (GeM) operates as a digital platform through which…

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‘DeFi is dead’ as trillion dollar market awaits onchain finance, says Maple Finance CEO Powell

“DeFi is dead.” That’s how Maple Finance CEO and co-founder Sid Powell summarizes what he sees coming for crypto over the next few years. However, this doesn’t mean the end of decentralized finance; rather, it is the end of treating DeFi as something separate from traditional markets. “In a couple of years, institutions won’t distinguish…

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‘Second killing of Gandhi’: Chidambaram hits out at Centre over VB-G RAM G bill, calls it a ‘fraud’ | India News

NEW DELHI: Congress MP P Chidambaram on Sunday launched a sharp attack on Centre’s move to replace the MGNREGA, calling the removal of Mahatma Gandhi’s name from the scheme the “second killing of Mahatma Gandhi.”Addressing a press conference in Chennai, Chidambaram said the Congress would continue to oppose the new law until the earlier employment…

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India-US trade: Exports rebound in November; supply-chain shifts and holiday restocking drive recovery, says GTRI

India’s exports to the US bounced back in November. The rebound was largely supported by supply-chain adjustments and pre-holiday season inventory restocking, according to the Global Trade Research Initiative (GTRI).The stocks grew by by 22.61% to reach $6.98 billion, according to commerce ministry data. This recovery came despite the US imposing 50 per cent tariffs…

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Stock market outlook for the week: NSE, BSE activity possibly muted amid holiday season- analysts weigh in on investor sentiment

NEW DELHI: As another week of December begins, stock markets will also invoke hopes for investors but also caution. Foreign investors, currency movement and global macroeconomic data announcements will drive investor sentiments for the week. Notably, this week will not have the usual five days of trading as Thursday, December 25 will mark a stock…

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Evening news wrap: India suspends visa ops in Bangladesh’s Chittangong; Shivraj alleges conspiracy to ‘mislead’ nation over MGNREGA and more | India News

Indian visa application centre in Chittagong; Shivraj Shingh Chouhan Visa operations at the Indian Visa Application Centre (IVAC) in Bangladesh’s Chittagong have been suspended indefinitely amid heightened tensions in the neighbouring country and a protest near the Indian High Commission in capital Dhaka earlier this week. Agriculture Minister Shivraj Singh Chouhan defended the VB-G RAM…

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Congress mounts protest over ‘desecration of groundbreaking law’, minister alleges ‘conspiracy’ to mislead country in name of MGNREGA | India News

Shivraj Singh Chouhan (PTI file photo) NEW DELHI: Amid mounting attack from opposition parties, rural development minister Shivraj Singh Chouhan on Sunday in a video message alleged that “once again, a conspiracy is underway to mislead the country in the name of MGNREGA” and said that that “Viksit Bharat – G Ram G scheme is…

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Market recap: 6 of top-10 most valued firms add over Rs 75,250 crore to mcap; TCS, Infosys lead gains

The combined market capitalisation of six of India’s ten most-valued companies rose by Rs 75,256.97 crore over the past week, even as the broader equity market closed lower. Tata Consultancy Services (TCS) and Infosys led the gains among the top firms. During the week, the BSE benchmark index slipped 338.3 points, or 0.39 per cent….

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