Business

Brent crude futures were unchanged at $68.76 a barrel by 0036 GMT while US West Texas Intermediate crude was at $66.27 a barrel, down 2 cents, or 0.03%. Source

India Business News: To combat rising input costs for textile mills, the government has temporarily eliminated customs duties on raw cotton imports for a 40-day period, ef Source

The grey market premium (GMP) of National Securities Depository Ltd (NSDL) has slightly fallen to 15.5% today, August 5, compared with 15.75% yesterday. Source

India News: ALMHULT: After putting in over Rs 10,500 crore since 2018 in India, Swedish furniture retailer IKEA is planning a “second wave” of growth in India, fo. Source

Bhupendra Singh Rathore shares business insights at World Baniya Forum’s Foundation Day, highlighting five promising industries and key rules for aspiring entrepreneurs. Source

India Business News: New Delhi: As part of its efforts to double the investor base, the Association of Mutual Funds of India (Amfi) is working with India Post to train nea. Source

A feud between Sun TV Network chairman Kalanithi Maran and his brother Dayanidhi Maran may be resolved, with Tamil Nadu CM MK Stalin mediating. Allegations include fraud and money laundering. Source

Gold prices in India rose by Rs 800 to trade above Rs 1,02,000 per 10 gram for 24-carat due to global uncertainties and festive demand. Source

International Business News: Washington D.C. has faced the nation’s highest unemployment rate for three months, reaching 6% in July, due to federal workforce reductions under Pres Source

The announcement comes a few days after the preliminary report into the AI 171 crash came out. The accident claimed 260 lives—241 of the 242 people on board and 19 on ground. Source