Drop in global prices a relief for oil import-dependent Indian economy
New Delhi, Dec 31 - The decline in global oil prices, despite the geopolitical uncertainty in West Asia, has come as a major shot in the arm for the Indian economy as the country imports over 85 per cent of its crude oil
India’s external position resilient despite pessimistic global trade outlook
New Delhi, Dec 31 - Global trade is projected to end the year 5 per cent down compared to 2022’s record levels, shrinking by about $1.5 trillion to below $31 trillion, according to UNCTAD’s latest Global Trade Update.
Mobile phone exports at Rs 75,000 cr till Nov, on way to cross Rs 1,24,000 cr in FY24
New Delhi, Dec 31 - Riding on the local manufacturing growth, mobile phone exports from the country have surpassed $9 billion (more than Rs 75,000 crore) from April to November in the current fiscal year, industry data showed on Sunday.
Electronic goods production in India to hit $115 bn in FY24, mobile phones at $50 bn
New Delhi, Dec 31 - The total production of electronic goods in India in FY23-24 is likely to reach $115 billion, buoyed by mobile phones’ local production which is estimated to exceed $50 billion in the current fiscal year, said the India Cellular
Malaysian PM pledges further economic development in 2024
Kuala Lumpur, Jan 1 - Malaysian Prime Minister Anwar Ibrahim pledged to prioritise economic development that will directly benefit the people in a New Year message.
Jordan’s economy grows by 2.7% by end of Q3
Amman, Jan 1 - Jordan's economy grew by 2.7 per cent by the end of the third quarter compared to the same period last year, the state-run Petra news agency reported.
Wall Street hit record high after record high in 2023
New York, Dec 30 - Wall Street hit record high after record high in 2023, a year investors had feared would be a washout as elevated interest rates threatened to grind the economy to a halt, media reports said.
Vietnam’s foreign trade hits 683 bln USD in 2023
Hanoi, Dec 30 - Vietnam posted a foreign trade record of 683 billion U.S. dollars in 2023, down 6.6 percent year on year with a trade surplus of 28 billion dollars, according to the latest statistics of the country's General Statistics Office.
Tony Nader inaugurates 134 nation assembly of 10,000 for world peace
Hyderabad, Dec 29 - With 10,125 representatives from 134 nations in attendance, and with the blessings of His Holiness Shri ShankaraVijayandra Saraswati ShankracharyaSwamigalof Sri KanchiKamakotiPeetham (Sri KanchiMatham,Tamil Nadu), Dr. Tony Nader, MD, PhD, formally inaugurated the Assembly of 10,000 for World Peace, which
How Tesla can be able to produce a Rs 20 lakh EV for Indian masses
New Delhi, Dec 30 - Elon Musk looks all set to enter the burgeoning Indian electric vehicle (EV) market in the New Year after several years of dilly-dallying, giving the masses a hope that owning a cheaper Tesla Model 3 may soon be
AI to touch every aspect of Indian tech industry in 2024: Top leaders
New Delhi, Dec 30 - Leading Indian tech industry leaders said on Saturday that the coming year presents an exciting opportunity for purpose-driven organisations to better serve their communities as we advance in ways of using AI which will require more funding and
Musk’s X can’t avoid content moderation law: US judge
San Francisco, Dec 30 - A judge in the US has ruled that Elon Musk-run X cannot avoid a California law that asks social media platforms to disclose their plans for moderating harmful content and misinformation.
Pilot phase of ‘UPI for secondary market’ to begin from Jan 1: NPCI
Mumbai, Dec 29 - The National Payments Corporation of India (NPCI) on Friday announced the launch of "UPI for Secondary Market" from January 1 in its Beta phase for the equity cash segment.
RBI issues directions on Internal Ombudsman rules for banks, NBFCs
Mumbai, Dec 29 - The Reserve Bank of India (RBI) on Friday released a master direction on the Internal Ombudsman norms for banks and big NBFCs to harmonise the instructions applicable to various regulated entities on the Internal Ombudsman (IO) mechanism.
LinkedIn ad revenue rises as advertisers leave Elon Musk’s X
San Francisco, Dec 29 - Professional networking platform LinkedIn is raking in ad revenue as Elon Musk-run X continues to lose advertising revenue.
Finance Ministry sees GDP growth comfortably surpassing 6.5% in 2023-24
New Delhi, Dec 29 - The government expects the Indian economy's GDP growth rate in 2023-24 to "comfortably" exceed its forecast of 6.5 percent despite the risks to growth and stability outlook that mainly emanate from outside the country, according to the Finance
Musk returns as world’s richest man; net worth of richest persons up $1.5 trillion
New Delhi, Dec 29 -Tesla and SpaceX CEO Elon Musk has returned as the world's richest man, recapturing the title from French luxury tycoon Bernard Arnault.
Musk returns as world’s richest man; net worth of richest persons up $1.5 trillion
New Delhi, Dec 29 - Tesla and SpaceX CEO Elon Musk has returned as the world's richest man, recapturing the title from French luxury tycoon Bernard Arnault.
Hydropower major SJVN secures Rs 10,000 crore loan for renewable projects
Shimla, Dec 29 - Hydropower public sector SJVN has secured Rs 10,000 crore ($1.2 billion) construction finance facility to fund upcoming renewable power projects from domestic and international lenders, its Chairman and Managing Director Nand Lal Sharma said on Friday.
Core sector industries post 7.8% growth in Nov
New Delhi, Dec 29 - The eight core sector industries, which include coal, steel and electricity, posted a growth of 7.8 per cent in November compared to the same month last year, official data released on Friday showed.