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PhonePe DRHP Highlights Regulatory Impact, Revenue Concentration Ahead of IPO

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As PhonePe prepares for its initial public offering, the updated draft red herring prospectus (DRHP) highlights the impact of regulatory constraints and heavy dependence on payments-linked revenue, even as Unified Payments Interface (UPI) transactions continue under a zero merchant discount rate (MDR) regime. The proposed IPO comprises an offer for sale of 50.6 million equity […]

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New Labour Codes Push Up Costs for Private Banks, Insurers in Q3FY26

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The implementation of the New Labour Codes has increased employee-related costs for private sector banks and insurance companies, leading to higher operating expenses in the October–December quarter of FY26. HDFC Bank reported operating expenses of ₹18,770 crore in Q3FY26, up from ₹17,110 crore in the previous quarter, after accounting for an estimated ₹800 crore incremental

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Democratic Iran Would Seek Closer Ties With India: Exiled Prince Reza Pahlavi

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Iran’s exiled crown prince Reza Pahlavi has said that a future democratic Iran would look to build close and constructive relations with India, underlining the importance of long-standing civilisational ties between the two countries. Speaking about his vision for a post-clerical Iran, Pahlavi said that a democratic government in Tehran would prioritise partnerships with countries

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BJP Dominates Maharashtra Civic Polls, Reshaping Urban Political Landscape

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The results of the Maharashtra municipal elections have highlighted the BJP’s growing dominance in urban centres, with the party and its ally, the Shiv Sena led by Eknath Shinde, securing strong mandates across key civic bodies, including Mumbai and Pune. In the Brihanmumbai Municipal Corporation, the BJP–Shinde Sena alliance has crossed the majority mark, bringing

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Gems and Jewellery Sector Seeks Duty, GST Reforms in Union Budget 2026–27

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Amid a challenging global trade environment, India’s gems and jewellery sector has called for targeted duty rationalisation, procedural reforms and a reduction in GST in the Union Budget for 2026–27 to strengthen its global competitiveness. The Gem and Jewellery Export Promotion Council (GJEPC), in its pre-Budget recommendations submitted to Finance Minister Nirmala Sitharaman, proposed a

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Two More Healthcare Workers with Nipah-like Symptoms Hospitalised in West Bengal

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Two more healthcare workers have been admitted to a government hospital in West Bengal after developing symptoms suspected to be linked to the Nipah virus. The two were posted at the same medical facility and had been involved in treating a colleague who was earlier confirmed to be infected. Health officials said the workers developed

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Anti-Indian Backlash Hits US Companies After H-1B Visa Overhaul

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Several American companies are facing a wave of online hostility and criticism following changes to the H-1B work visa system announced by former US President Donald Trump. The revised rules, which significantly raise visa fees and prioritise higher-paid applicants, have triggered strong reactions on social media and online forums. The backlash has largely targeted Indian

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