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Government relaxes norms for Chinese FDI, clearance in 60 days for select sectors

NEW DELHI: The Union cabinet on Tuesday eased norms governing investments from China and other countries sharing a land border with India, to provide for faster approvals in “strategic sectors”, while fast-tracking inflows when the entity from across the border holds under 10% and is a non-controlling shareholder.The govt has amended Press Note 3, issued…

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Wall Street tech is coming to crypto as DoubleZero rolls out high-speed data for blockchain

DoubleZero Foundation, a project building high-speed data infrastructure for blockchains like Solana, has rolled out a new platform to speed up how trading firms access crypto market data — a sign of growing demand for Wall Street-style systems in digital asset markets. The project, called DoubleZero Edge, went live on Thursday. Its first offering is…

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Govt says El Nino risk to farm output manageable, cites irrigation, reservoirs, seed buffers

The government on Saturday said the threat posed by a possible El Nino this year is unlikely to cause major damage to agriculture, pointing to stronger irrigation systems, higher reservoir storage and better preparedness than in past drought-linked years.The assurance came after Agriculture Minister Shivraj Singh Chouhan chaired a review meeting ahead of the Kharif…

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Attacker mints $1 billion Polkadot tokens on Ethereum, steals just $250,000

Crypto hacks are nothing new, but cases where attackers take big risks and walk away with peanuts aren’t common. That rare scenario played out on Sunday. An attacker exploited a vulnerability in Hyperbridge’s cross-chain gateway that connects different blockchains, minting 1 billion Polkadot tokens ($1.19 billion) on Ethereum and dumping them for approximately $237,000 worth…

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