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Piyush Goyal's Bold Call for Innovative Startups

Piyush Goyal's Bold Call for Innovative Startups

Union Commerce Minister Piyush Goyal recently urged India's startup community to shift their focus towards advanced technologies like semiconductors, machine learning, and artificial intelligence rather than traditional sectors like grocery delivery. Speaking at Startup Mahakumbh 2025 in New Delhi, he emphasized that many so-called startups are just luxury brands created by billionaire children, which do not represent true innovation. Goyal challenged entrepreneurs to think bigger and prepare for the future by developing cutting-edge solutions. He assured support from the government for those facing challenges, while also stressing the importance of domestic investment to build a stronger economic foundation.

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India Set to Finalize Major Trade Deal with US
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The US Treasury Secretary, Scott Bessent, has announced that India is on the verge of becoming the first country to finalize a trade agreement with the United States. This deal could help India avoid high tariffs of 26% that are currently on hold until July. Bessent emphasized that trade discussions with India are progressing well because of its low tariffs and minimal trade barriers. The chief negotiators from both nations recently met in Washington to finalize the terms and expedite the agreement. As both countries work closely, this trade deal could significantly boost India's economy.
South Korea Cracks Down on Chinese AI Data Misuse
South Korea Cracks Down on Chinese AI Data Misuse
South Korea has taken action against the Chinese AI startup DeepSeek for improperly transferring user data when its app was available for download. The country's data protection authority revealed that DeepSeek did not get consent from users to send their personal information to several companies in China and the U.S. This violation led to a suspension of new downloads for the app. In response, DeepSeek claimed that sharing data was meant to enhance user experience. The agency has now recommended that DeepSeek halt this data transfer and establish legal protocols for sharing personal information abroad.
Apple Shifts iPhone Production to India by 2026
Apple Shifts iPhone Production to India by 2026
Apple is taking a big step by planning to manufacture most of its iPhones sold in the U.S. in India by the end of 2026. This move comes as the company seeks to avoid high tariffs in China, which is currently its main manufacturing hub. In the U.S., Apple sells over 60 million iPhones each year, with about 80% made in China. Although manufacturing costs in India are slightly higher, they are still more manageable compared to the heavy tariffs imposed on China. With suppliers like Foxconn and Tata already operating factories in India, Apple is set to strengthen its presence in the Indian market.
Gensol Engineering's Co-Promoter Detained in Major Probe
Gensol Engineering's Co-Promoter Detained in Major Probe
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Indian Remittances Drop: Travel Plans Hit Hard
Indian Remittances Drop: Travel Plans Hit Hard
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Banks Closed on April 26, 2025: What You Need to Know
Banks Closed on April 26, 2025: What You Need to Know
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Big Earnings Reports Coming: What Investors Should Know
Big Earnings Reports Coming: What Investors Should Know
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Pope Francis' Coffin Sealed After Public Farewell
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From Postman to Civil Servant: Dhone's Inspiring Journey
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Reddit Unveils New AI Search Tool
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Discover India's Top Companies for Work-Life Balance
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Gold Prices Hit New High in India - What’s Driving It?
Gold Prices Hit New High in India - What’s Driving It?
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Ambani Condemns Pahalgam Terror Attack, Offers Support
Ambani Condemns Pahalgam Terror Attack, Offers Support
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Pakistan Stock Market Plummets After India Strikes Back
Pakistan Stock Market Plummets After India Strikes Back
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Pakistan Airspace Closure Hits Indian Airlines Hard
Pakistan Airspace Closure Hits Indian Airlines Hard
Pakistan has closed its airspace to Indian airlines, causing potential disruptions for flights heading west from northern India. This closure means airlines will face longer flight times and increased fuel costs, leading to possible fare hikes for passengers. Air India, which operates many westward international flights, is particularly affected. IndiGo has already adjusted its flight schedules, extending some routes significantly. The full impact, both financially and operationally, will become clearer in the coming days, as Indian airlines navigate this unexpected challenge. The situation echoes previous airspace closures that resulted in large losses for these carriers.
RCB Edges Out RR in Thrilling IPL Showdown
RCB Edges Out RR in Thrilling IPL Showdown
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Indian Rice Prices Edge Up After Long Low
Indian Rice Prices Edge Up After Long Low
Indian rice prices have shown a slight recovery from a 22-month low, with the 5% broken parboiled variety priced between $389 and $396 per metric ton. This rise is partly due to a stronger Indian rupee against the U.S. dollar. However, overall demand remains low, especially from African buyers who are cautious after making high-cost imports earlier. Meanwhile, Thailand's rice prices have also increased slightly due to currency changes, but demand is described as very quiet. Bangladesh is actively purchasing rice locally to strengthen its reserves, reflecting the challenges in global rice markets.