China’s industrial output and retail sales faltered in August as the economy lost momentum, adding to expectations. Beijing will step up stimulus efforts in the final months of the year. Industrial output rose 4.5% year on year, down from 5.1% in July and missing the average forecast of analysts polled by Bloomberg of 4.7%. Retail sales rose […]
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The Finance Ministry on Thursday modified the compounding rules for offences under the Foreign Exchange Management Act (FEMA) by raising the monetary limits for adjudications by RBI officials and allowing online payments. As per the Foreign Exchange (Compounding Proceedings) Rules, 2024, the fees for filing compounding application have been doubled to Rs 10,000 plus GST, […]
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Top companies tell stories of enhanced productivity & creativity Even as the debate whether artificial intelligence is indeed eating up jobs rages on, with fresh data to either support or negate the claim being thrown up regularly, there is no argument about the fact that AI is a tool to enhance productivity and efficiency. Microsoft and LinkedIn’s recent release of […]
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