Copycat menace rises for heritage brands

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World currency reserves shrink by $1 trillion in record drawdown

India’s stockpile, for example, has tumbled $96 billion this year to $538 billion. The country’s central bank said asset valuation changes account for 67% of the decline in reserves during the fiscal year from April, implying the rest came from intervention to prop up the currency.

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Rice, wheat prices show diverging trend amid steady festive demand

Tarun Satsangi, commodity analyst at Origo Commodities, said though steady demand ahead of the festive season has kept the prices stable near highs, going ahead, prices may correct gradually due to a slump in demand post-Diwali coupled with traders liquidating their old stocks as the new wheat crop sowing season kicks off by October-end.

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CBIC issues draft rules for Customs valuation

The specified goods will be the list of items, selected by the Board where it has reason to believe that the value of such goods may not be declared truthfully or accurately. According to the draft the list of such goods will be prepared and recommended by a screening committee and evaluation committee. The list may include or remove an item vide a notification and the screening committee will keep on reviewing the list every six months.

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JPMorgan holds off on adding India to bond index, keeps on watch

The JPMorgan's announcement is expected to weigh on market sentiment, disappointing investors who expected the bonds to be finally included in the bank’s key gauges -- a move that would have made it easier for overseas investors to put their money into Asia’s third-biggest economy with its $1 trillion government debt market.

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Nasdaq jumps 3.3%, extending US stocks rally as Twitter surges

After a bruising September ended another losing quarter for Wall Street, equities have soared the last two days as analysts point to hopes of moderating monetary policy. The Dow Jones Industrial Average rose 2.8 percent to 30,316.32, while the broad-based S&P 500 jumped 3.1 percent to 3,790.93.

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RuPay credit card use on UPI free up to ₹2,000

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Twitter confirms Elon Musk buyout offer

"Twitter issued this statement about today's news: We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share," the official account of Twitter Investor Relations wrote.

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M&M eyes $200m gross merchandise value from Farm Services

Krish-e was formed by bringing together different parts of the Mahindra group or farm equipment business and integrated to offer a coherent value proposition to the farmers. Samriddhi, the advisory service from Mahindra Agri Solutions, My AgriGuru App, Tractor rental arm Trringo and the precision farming decision, all came together under Krish-E to offer a comprehensive ones-top shop solution three years ago.

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