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The government is considering changes to the Insolvency and Bankruptcy Code (IBC) to speed up the resolution process, said a senior government official.
Taiwanese contract manufacturer Foxconn is building large hostels that can together accommodate up to 60,000 workers near its manufacturing facility off Chennai as it looks to rapidly expand its production capacity for Apple devices in India, people aware of the development told ET.
India’s equity indices slumped on Thursday, snapping their two-day winning streak amid a global sell-off in risk assets as investors negatively reacted to hawkish commentary by US Federal Reserve chair Jerome Powell.
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