Explained: What are EU’s fresh sanctions on Russia? Here’s what they mean

The European Union unveiled its 18th package of sanctions against Russia, aiming to further squeeze Moscow’s oil revenues and financial networks over its ongoing war in Ukraine. Approved on Friday, the new measures include a series of toughened restrictions focused largely on the energy sector, shipping, and financial dealings.Here’s a what the latest sanctions include:…

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HDFC Bank first-ever 1:1 bonus issue: Bank announces Rs 5 special dividend; here’s what it means for investors

HDFC Bank on Saturday declared its first-ever bonus issue, approving a 1:1 allotment ratio under which shareholders will receive one fully paid-up equity share of face value Rs 1 for every one equity share held. This marks a historic first for India’s largest private sector lender since its inception.The bank’s board has fixed Wednesday, August…

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India’s stock market slips to fourth in APAC investor rankings; fund managers pivot to semiconductor wave: Report

India’s stock market has slipped to the fourth position among Asia Pacific’s preferred investment destinations, according to the latest Bank of America (BofA) survey cited by The Economic Times. This marks a notable shift from its earlier leadership status, as the benchmark Nifty index remains stuck in a two-month consolidation phase with no clear breakout…

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Cash payments or UPI, GST to be collected: Tax department cautions Bengaluru vendors; here’s what it said

Karnataka commercial taxes department on Thursday clarified that small vendors in Bengaluru must continue paying Goods and Services Tax (GST) at applicable rates, whether payments are made through digital methods or in cash.It said that irrespective of whether payments are received through Unified Payments Interface (UPI), cash, Point-of-Sale (PoS) machines, or bank transfers, GST would…

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India-US trade deal: Fifth round of talks for BTA completed; both countries aim to finalise interim deal ahead of Trump’s tariff deadline

India and the United States have concluded the fifth round of negotiations for the proposed Bilateral Trade Agreement (BTA) in Washington. The talks, which took place over four days from July 14 to 17, were led by India’s chief negotiator and special secretary in the department of commerce, Rajesh Agrawal.“The Indian team is coming back,”…

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Russia oil sanctions: EU moves on crude, oil price cap may hit Reliance, Nayara; enforcing may be difficult, India may still benefit

Russia oil sanctions: Both Nayara and RIL now confront possible exclusion from EU markets, according to industry experts and analysts. (AI image) Russia oil sanctions impact: Both Nayara Energy and Reliance Industries Limited (RIL) are likely to face challenges from the fresh sanctions imposed by the European Union on Russia oil.The EU introduced its 18th…

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