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Microsoft opens its largest India data center hub as AI race heats up

Microsoft opens its largest India data center hub as AI race heats up

Aug 6 (Reuters) - Microsoft launched its largest India data center in Hyderabad on Thursday and has signed up Adani Group and HDFC Bank among early users as it races rivals for the country's fast-growing AI market.
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Airbnb tops revenue estimates on global travel demand, World Cup boost

Airbnb tops revenue estimates on global travel demand, World Cup boost

By Aishwarya Jain and Doyinsola Oladipo Aug 6 (Reuters) - Vacation rental company Airbnb beat second-quarter revenue estimates on Thursday, helped by strong global demand for travel and a boost from first time users during the FIFA World Cup hosted in the U.S., Canada and Mexico.
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EisnerAmper India Promotes Nirav Vakharia to Managing Director to Drive Growth

EisnerAmper India Promotes Nirav Vakharia to Managing Director to Drive Growth

EisnerAmper India Promotes Nirav Vakharia to Managing Director to Drive Growth
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NRI Property Selloff in India May Enhance Buyer Options Without Weakening Market

NRI Property Selloff in India May Enhance Buyer Options Without Weakening Market

A recent report indicates that a significant number of non-resident Indians (NRIs) are planning to sell their residential properties in India. The Remittor Annual NRI Wealth Report 2026 reveals that 46.4% of surveyed NRI property owners intend to sell immediately, with another 26.2% planning to exit within six months. This trend is attributed to a preference for liquidity and portfolio rebalancing rather than distress selling. The report, based on data from around 150 NRI clients, suggests that this movement is part of a broader shift in how globally settled Indians manage their wealth. Many NRIs, having established careers and financial commitments abroad, are reassessing Indian property as a financial asset rather than a legacy holding. The report highlights that this trend should not be seen as a sign of weakening confidence in India's real estate market.
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Union Cabinet Approves GOBARdhan Biogas Scheme and Assam Highway Project to Boost Connectivity

Union Cabinet Approves GOBARdhan Biogas Scheme and Assam Highway Project to Boost Connectivity

The Union Cabinet has approved two major projects with a combined investment of over Rs 32,000 crore. The GOBARdhan biogas scheme aims to significantly increase domestic biogas production, reducing India's reliance on imported natural gas. This initiative is part of a broader strategy to enhance energy self-sufficiency. Additionally, a new four-lane highway will be constructed between Baihata Chariali and Tezpur in Assam, improving connectivity to various economic, social, and tourist nodes across Assam and Arunachal Pradesh. The highway project is expected to double travel speeds and halve travel times, enhancing road safety and fuel efficiency.
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UK services sector returns to growth, optimism picks up, PMI shows

UK services sector returns to growth, optimism picks up, PMI shows

LONDON, Aug 5 (Reuters) - Britain's dominant services sector returned to growth last month as new orders picked up, according to a survey by S&P Global that showed expectations for activity in the next 12 months were the highest since before the start of the Iran war in February.   
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Indian central bank holds rates as expected, taking comfort in still-modest inflation

Indian central bank holds rates as expected, taking comfort in still-modest inflation

MUMBAI, August 5 (Reuters) - The Reserve Bank of India kept its policy repo rate unchanged at 5.25% on Wednesday, as it awaits data to judge if higher oil prices are stoking inflationary pressures across Asia's third largest economy.
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Japan's services growth slows amid cost pressures, PMI shows

Japan's services growth slows amid cost pressures, PMI shows

TOKYO, Aug 5 (Reuters) - Japan's services sector expanded at a slower pace in July as demand weakened and firms grappled with intense cost pressures, leading to the hottest inflation in selling prices since April 2014, a private survey showed.
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Canadian factory PMI rises to four-year high on firmer domestic demand

Canadian factory PMI rises to four-year high on firmer domestic demand

By Fergal Smith TORONTO, Aug 4 (Reuters) - Canada's manufacturing sector expanded in July at the fastest pace in more than four years as rising domestic activity boosted production and new orders, but weak international demand raised doubt over the sustainability of the increase.
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Spotify's higher spending on marketing, AI features to hit profit

Spotify's higher spending on marketing, AI features to hit profit

By Jaspreet Singh Aug 4 (Reuters) - Spotify said higher marketing and development costs would hurt its profit in the current quarter as the Swedish music-streaming giant bets heavily on features powered by AI to attract users.
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German services downturn eases in July as demand picks up, PMI shows

German services downturn eases in July as demand picks up, PMI shows

BERLIN, Aug 5 (Reuters) - Germany's service sector contracted only marginally in July as demand picked up slightly and new business rose for the first time in five months, a business survey showed on Wednesday.
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India's central bank holds rates, awaits clearer inflation signal before acting

India's central bank holds rates, awaits clearer inflation signal before acting

By Jaspreet Kalra and Abinaya V MUMBAI, Aug 5 (Reuters) - The Reserve Bank of India kept its policy repo rate unchanged at 5.25% on Wednesday, as it awaits data to judge if higher oil prices are stoking inflationary pressures across Asia's third largest economy.