White House clears final reg: flexibility for international students in terms of stay and studies likely to be curbed

To begin with, this means that international students and other visa holders covered by the new policy will have to seek periodical visa extensions and undergo biometrics The Office of Management and Budget (OMB) has cleared a ‘final’ regulation sent to it earlier by the Department of Homeland Security (DHS). This regulation will replace the…

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Coal gasification can cut import dependence, strengthen energy security: G Kishan Reddy

India can significantly reduce its dependence on imports and strengthen long-term energy security by accelerating coal gasification projects, Union coal and mines minister G Kishan Reddy said on Thursday, as the government stepped up efforts to attract investment into the sector.Speaking at a roadshow on the Centre’s scheme for promoting surface coal and lignite gasification…

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Net direct tax collections rise nearly 15% to Rs 5.21 lakh crore; advance tax growth signals strong corporate earnings

Net direct tax collections rose 14.64% to over Rs 5.21 lakh crore as of June 17 in the current financial year, driven by robust advance tax payments from companies and higher securities transaction tax (STT) collections, according to government data released on Thursday, as reported PTI.The growth keeps the Centre on track to meet its…

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NSE IPO: India’s biggest market debut in the making — all you need to know about the Rs 30,000 crore mega offering

The National Stock Exchange of India has officially set the stage for one of the biggest market events in the country’s history, filing its draft red herring prospectus (DRHP) for an initial public offering (IPO) of up to 148,905,525 equity shares. The issue, valued at an estimated Rs 30,000 crore, is poised to become the…

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NSE warns of regulatory, tech and AI risks as IPO papers reveal reliance on derivatives business

The National Stock Exchange (NSE) has flagged a wide range of risks to its business from regulatory changes and technology failures to cyberattacks and artificial intelligence-related challenges in its draft IPO papers, while highlighting its heavy dependence on derivatives trading for revenue, PTI reported.The disclosures, made in the draft red herring prospectus (DRHP) filed with…

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India-UK social security pact to slash costs for firms; up to 95% of Indian professionals to gain

Thousands of Indian professionals working in Britain through Indian employers will stop paying dual social security contributions from July 15, with officials estimating that 90-95% of such workers will benefit from the India-UK social security pact coming into force alongside the free trade agreement.The Agreement on Social Security, or Double Contribution Convention (DCC), is expected…

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