Here's the Top 5 for News Bits from various sources.
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Investment Boost: The state government approved 62 industrial projects worth ₹3,607 crore, creating potential for over 10,000 new jobs . This indicates a positive outlook for industrial growth, potentially benefiting businesses across sectors that support these industries. [Business Standard]
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Extended Operating Hours: Businesses in Bangalore and 10 other corporations can now operate until 1 am on a pilot basis. This move by the government is expected to boost the economy and trade activity, particularly in the hospitality and retail sectors [The Indian Express].
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Tech Collaboration: HCLTech joins a Meta and IT ministry program to support virtual and augmented reality startups in India. This collaboration could provide opportunities for tech businesses in Karnataka to tap into this growing market segment.
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Power Supply: The state assures no load shedding during the upcoming summer, ensuring uninterrupted power supply for businesses [Deccan Herald].
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Tax Digitization: Property tax records in Bangalore will be digitized from 2024-25, streamlining the process for businesses.
- Opposition from the IT industry regarding ending certain labor law exemptions [Business Standard].
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Other news...
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Paytm is also in talks with Canara Bank and Kotak Mahindra Bank for merchant acquisition business, says the report
The latest investment brings Amazon’s total stake in the San Francisco company to $4 billion.
