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Drug labelling norms under review: Expiry date readability flagged; govt panel to examine packaging reforms

India's drug regulator is addressing consumer concerns about illegible expiry dates and glossy packaging on medicines by forming a sub-committee. This panel will revamp labeling norms, explore regulations for packaging suppliers, and assess the feasibility of voice-assisted QR codes and braille cards. The aim is to enhance accessibility, improve transparency, and ensure patient safety in drug packaging.

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IPO this week: 10 offers to hit market including Crizac and Travel Food Services; SME segment dominates listings

The Indian IPO market is set for a busy week, with ten companies launching their initial public offerings between June 30 and July 4. This includes mainboard IPOs from Crizac Limited, aiming to raise ₹860 crore, and Travel Food Services, targeting ₹2,000 crore.

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Aadhaar card update guide: Changed your mobile number? Here’s how to update it

UIDAI mandates in-person visits to Aadhaar Seva Kendras for mobile number updates due to required biometric verification. Linking the correct mobile number is crucial for accessing various services like government subsidies and banking, which rely on OTP-based verification. Appointments can be booked online, and updates take 2-4 weeks, costing Rs 50 unless done with biometric updates.

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Domestic gas price up 5% in July on Israel-Iran conflict impact

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Market movers: Small-cap stocks jump up to 20%; Kimia Biosciences, Shemaroo, Innovana among top gainers

Despite benchmark indices facing a downturn due to selling pressure in large-cap stocks, several small-cap stocks experienced significant gains, with some surging as much as 20%. Kimia Biosciences, Rapicut Carbide, and AI Champdany were among the top performers. While the Sensex and Nifty closed lower, the BSE smallcap and midcap indices showed positive movement, indicating a mixed market scenario.

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Cyber risks in financial sector: RBI calls for AI-aware defence and zero-trust approach, warns of systemic threat from vendor lock-ins

The Reserve Bank of India (RBI) urges financial institutions to bolster cybersecurity defenses amidst rising digital threats. The call to action includes risk-based supervision, zero-trust frameworks, and AI-aware strategies. This is to combat cyberattacks and financial frauds amplified by digital services, cloud infrastructure, and AI-powered scams.

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Inspired by Warren Buffett’s investment mantras? These 3 stocks make up 66% of Bill Gates' Foundation's $45 billion portfolio — check list

Bill Gates, seemingly guided by Warren Buffett's value investing, strategically directs the Gates Foundation's investments. The foundation's portfolio is heavily concentrated in Berkshire Hathaway, Microsoft, and Waste Management. These holdings reflect a long-term, value-oriented approach, contributing significantly to the foundation's philanthropic endeavors and demonstrating a commitment to sustainable growth and impact.

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‘If India removes tariffs, then cheap…’: GTRI warns of huge risks to lowering duties on US farm goods amidst trade deal talks; here’s what could go wrong

The GTRI cautions against lowering import duties on US farm products in the proposed India-US trade agreement, citing risks to India's food security and the livelihoods of 700 million farmers. Subsidized US agricultural exports, including rice, dairy, and GM soy, could overwhelm Indian markets and distort prices.

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India-Oman DTAA amended: What does the new tax treaty mean for salaried professionals, freelancers, and business owners? What experts say

India and Oman have updated their Double Taxation Avoidance Agreement to better reflect current global tax standards, effective May 28, 2025. The revised agreement aims to eliminate double taxation for individuals and businesses operating in both countries. It also lowers tax rates on royalties and technical service fees, promotes cross-border investments, and enhances information exchange to combat tax evasion.

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Fiscal deficit narrows to 0.8% of full-year target at May-end, boosted by RBI dividend payout: CGA

India's fiscal deficit dramatically decreased to 0.8% of the annual target by May 2025, primarily due to a record dividend of Rs 2.69 lakh crore from the RBI. Total government receipts reached Rs 7.32 lakh crore, while expenditures totaled Rs 7.46 lakh crore, including significant allocations for interest payments and subsidies.

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ITR filing FY 2024-25: How can taxpayers switch between old and new income tax regimes? Explained

ITR filing FY 2024-25: Like every year, for AY 2025-26, taxpayers must choose between the new and old income tax regimes when filing ITR. The new regime is the default. Salaried individuals can switch annually by filing on time, while those with business income face stricter rules and must submit Form 10-IEA to opt out of the new regime.

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US market today: Wall Street hits all-time high as S&P 500 extends rally on trade hopes, merger activity lifts sentiments

American stock market saw gains on Monday. Wall Street is close to a second consecutive month of gains. Trade tensions eased and corporate activity increased. Investors are waiting for economic data later this week. Canada resumed trade talks with the United States. GMS shares increased after Home Depot subsidiary acquired it. Hewlett Packard Enterprise and Juniper Networks merger may proceed.

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Indian Railways notifies minor fare hike: New ticket prices effective July 1, 2025 - check how much extra you will pay for AC, non-AC trains

Indian Railways has announced a slight increase in passenger train fares, set to take effect on July 1, 2025. The Ministry of Railways states that this adjustment aims to enhance service sustainability and streamline fare calculations. While suburban journey fares remain unchanged, there are marginal hikes across various classes, including both non-AC and AC categories in Mail/Express trains.

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Financial stability report: Indian economy continues to grow at a healthy pace, says RBI; financial system resilient amid global headwinds

Reserve Bank of India reports that the Indian economy grows steadily. It remains a key global growth driver. This is due to strong economic principles and careful planning. The financial system is stable. Banks and financial firms are healthy. The central bank highlights global uncertainties. These include geopolitical issues and trade problems. These pose risks to India's financial stability.

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Filing ITR? Decoding TDS and TCS – who pays, who collects and key differences taxpayers must know

TDS and TCS are vital mechanisms under the Indian tax system for early tax collection. TDS involves payers deducting tax on payments like rent and salary, while TCS requires sellers to collect tax on specific goods, including minerals and overseas travel packages.

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India's defence budget outlook: EY report calls for 3% GDP benchmark; permanent fund, R&D push recommended

A recent report suggests India should consider allocating 3% of its GDP to military expenditure and establishing a permanent defence modernisation fund. This move aims to bolster domestic manufacturing and create a resilient defence framework. The proposal aligns with a previous recommendation to create a Modernisation Fund for Defence and Internal Security.

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Factory growth slows: Industrial output expands just 1.2% in May, lowest in 9 months

India's industrial output growth plummeted to a nine-month low of 1.2% in May 2025, significantly lower than the 6.3% growth in May 2024. This downturn was primarily due to the weak performance of the manufacturing, mining, and electricity sectors. While infrastructure and capital goods showed positive growth, consumer goods experienced a decline.

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Digital Nomad visa guide: Eligibility & essentials- who qualifies, what’s required, and key benefits

The rise of remote work has spurred the creation of digital nomad visas, enabling professionals to live and work abroad legally. Over 50 countries now offer these permits, catering to remote employees, freelancers, and business owners seeking a change of scenery. While offering flexibility and cultural exposure, these visas require careful planning due to potential tax implications and relocation costs.

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More Feeds

Business and economy news

BJP new chief likely by mid-July with state units nearly in place

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'Kept out' of state chief race, Raja quits BJP

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Rail fare hike for AC & non-AC classes kicks in from today

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Announce co-op policy by Jan: Shah to states

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K'taka call lies with party brass, says Kharge; if you're chief, who's 'high command': BJP

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