Excise policy protest: Maharashtra bars, permit rooms to shut on July 14; Industry body calls tax hikes ‘draconian’

More than 20,000 bars and permit rooms across Maharashtra will observe a one-day bandh on July 14 to protest what the hospitality sector has called “draconian” tax hikes by the state government, the Indian Hotel and Restaurant Association (AHAR) said on Saturday.The association said the shutdown is aimed at opposing multiple tax increases imposed over…

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‘Sooner or later…’: Paytm founder sees impact of AI on jobs as ‘inevitable’; says artificial intelligence will also create new roles

The impact of artificial intelligence (AI) on jobs is “inevitable”, according to Paytm founder Vijay Shekhar Sharma, who said AI will become part of routine business processes sooner rather than later. “Sooner or later we will have to start using AI as an employee or even as a CFO,” Sharma said at an AI-focused event…

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US tariffs: Mexico calls Trump’s 30% duties ‘unfair’; EU warns of supply chain disruption

European Commission President Ursula von der Leyen and Mexican officials have both hit back at US President Donald Trump’s latest threat to impose 30% tariffs on their exports starting August 1. While the European Union has reiterated its commitment to negotiations, Mexico has rejected the move outright, calling it “unfair” and unacceptable. Trump made the…

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US-India ties: Kumar Mangalam Birla joins USISPF board, vows deeper US push as top Indian greenfield investor

Aditya Birla Group Chairman Kumar Mangalam Birla (ANI) Aditya Birla Group Chairman Kumar Mangalam Birla has joined the Board of Directors of the US-India Strategic Partnership Forum (USISPF) as a member of its Executive Committee, the forum said in a statement on Saturday.The appointment comes weeks after Birla was conferred the Global Leadership Award at…

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Vaaree raises $4.6 million to scale home décor platform

Vaaree founders (L-R) Pranav Arora, Varun Vohra and Garima Luthra BENGALURU: Bengaluru-based home décor startup Vaaree has raised $4.6 million in a pre-Series A round led by PeerCapital, with participation from other existing investors Surge (Peak XV’s accelerator programme) and All In Capital. New investors Sattva Ventures and the Asian Paints family office also participated…

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