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Amazon is set to inject $233 million into its Indian operations this year, aiming to bolster infrastructure and enhance delivery speeds. This investment will also fuel the development of new technologies for its fulfillment network.
Indian auto component and vehicle companies are struggling to secure approvals from the Chinese government for rare earth magnet procurement, causing significant uncertainty in manufacturing schedules. Despite efforts from industry bodies, ministries, and major auto firms, no approvals have been granted yet.
India has achieved a milestone in agricultural exports with its first shipment of fresh Jamun from Karnataka to London, facilitated by APEDA. This initiative, sourcing directly from a local FPO, aims to boost farmer incomes, with export prices significantly higher than domestic rates. This move highlights India's growing potential in the global fresh fruit market.
Liquid gold: Govt restricts import of precious metal
https://timesofindia.indiatimes.com/business/india-business/liquid-gold-govt-restricts-import-of-precious-metal/articleshow/121964543.cms

To curb illegal gold inflows disguised as chemical compounds, the Indian government has imposed import restrictions on certain colloidal precious metals. This move targets importers allegedly exploiting routes from countries like Thailand. The policy change, effective immediately, restricts the import of items under CTH 2843, including colloidal precious metals and their compounds.
The rupee depreciated for the third consecutive session, closing at 86.72 against the dollar, a 24 paise drop, hitting its weakest level since mid-March. This decline was fueled by importer dollar demand, weak domestic equities, and escalating geopolitical tensions in West Asia, particularly concerns about potential US involvement in the Israel-Iran conflict. The dollar index edged higher amid safe-haven flows.
Stock market recommendations: Bajaj Broking Research suggests investor sentiment is fragile due to geopolitical tensions and crude price rallies. Nifty is range-bound between 24,400-25,200, while Bank Nifty consolidates around 56,000. Top stock picks are Paras Defence and Space Technologies, and Thirumalai Chemicals, both with a target return of 10% over three months.
2025/07/05 14:57:31
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