MUMBAI: In a move that will buy more time for exporters, the Reserve Bank of India extended a pandemic-style leniency on trade finance, allowing pre- and post-shipment export credit to run for up to 450 days for all disbursements made until June 30, 2026. The measure, effective immediately, is meant to cushion firms grappling with…
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Check out the companies making headlines in after-hours trading. Cisco — Shares of Cisco gained more than 7% in extended trading after the networking company posted better-than-expected profit and revenue for its fiscal first quarter. Cisco earned $1 per share, excluding items, on $14.88 billion in revenue, while analysts polled by LSEG expected 98 cents…
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Artificial intelligence giant OpenAI has closed $122 billion in committed capital at an $852 billion post-money valuation, a round that dwarfs anything raised in private markets and cements the company as the most valuable startup in history by a wide margin. The funding was anchored by Amazon, Nvidia, and SoftBank, with continued participation from Microsoft….
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New Delhi: The country’s core sector growth accelerated to a four-month high in Dec. Data released by the commerce and industry ministry on Tuesday showed the eight core sectors, spanning coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, rose an annual 3.7% in Dec, faster than the 2.1% in Nov but…
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The Supreme Court refused to hear pleas seeking a FIR and SIT probe against Assam CM Himanta Biswa Sarma over his alleged “target-shooting” video, directing petitioners to the Gauhati High Court. At least eight workers died and two were feared trapped after explosions triggered a massive fire at an illegal firecracker unit in Bhiwadi, Rajasthan….
