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World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

Textile manufacturers face setbacks due to ongoing geopolitical conflicts

Textile manufacturers face setbacks due to ongoing geopolitical conflicts

Mon, Nov 06, 2023

Textile manufacturers of Tirupur and Coimbatore have halted production for 20 days from today due to the severe impact on textile sale due to the ongoing geopolitical conflicts. With 2 lakh power-looms and 30 thousand auto-looms in the region, the production of 1 crore meters of fabric has been paused. About 1500 crore rupees trade has been affected so far and about 5 lakh laborers engaged in the power loom sector alone are likely to lose jobs.

Aapki Khabar Aapka Fayda: How do lungs get damaged?

Aapki Khabar Aapka Fayda: How do lungs get damaged?

Mon, Sep 25, 2023

Aapki Khabar Aapka Fayda: Today on World Lungs Day, we will know from experts how people's lungs get damaged, and how people can make their lungs stronger.

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India has the world's fastest growing population of millionaires

India has the world's fastest growing population of millionaires

Sun, Mar 10, 2019

According to Knight Frank report, India has the world's fastest growing population of millionaires

Toshiba sees $3.7 billion balance sheet improvement from Westinghouse deal

Toshiba sees $3.7 billion balance sheet improvement from Westinghouse deal

Thu, Jan 18, 2018

Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

Bitcoin slips below $14,000, down 30% from record peak

Bitcoin slips below $14,000, down 30% from record peak

Fri, Dec 22, 2017

The cryptocurrency, which was at about $1,000 at the year`s start, had surged to a record high of $19,666 on Sunday in the lead up to exchange giant CME Group`s launch of its bitcoin futures. It has since lost about a third of its value.

Oil market capped as US output fast approaches 10 million bpd

Oil market capped as US output fast approaches 10 million bpd

Thu, Dec 21, 2017

Oil prices were stable on Thursday, supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day, a level only surpassed by Saudi Arabia and Russia.

Gold prices hit 2-week high on year-end outlook, strong support

Gold prices hit 2-week high on year-end outlook, strong support

Thu, Dec 21, 2017

Gold has also been steady technically, he said, with support for the yellow metal at $1,260 an ounce and resistance at its 200-day moving average around $1,269.

Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk

Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk

Wed, Dec 20, 2017

Most big Russian oil firms pulled out of Crimea after Washington imposed sanctions over Moscow`s annexation of the region from Ukraine in 2014 and threatened to put any company operating on the peninsula on its list of sanctioned entities.

US Senate passes Trump's landmark tax reform bill

US Senate passes Trump's landmark tax reform bill

Wed, Dec 20, 2017

Senate Republicans today passed a sweeping overhaul of the US tax code in more than 30 years, bringing President Donald Trump closer to scoring his first major legislative victory amid criticism that the package disproportionately benefit the wealthy and corporations.

BoE to allow EU banks to operate in UK as normal after Brexit: BBC

BoE to allow EU banks to operate in UK as normal after Brexit: BBC

Wed, Dec 20, 2017

The Bank of England will allow European banks to continue selling their services in the United Kingdom without having to create expensive subsidiaries after Brexit, even if no divorce deal is struck between London and Brussels, the BBC reported.

Data requests from India surged in 1st half of 2017 : Facebook

Tue, Dec 19, 2017

Facebook restricted access to 1,228 pieces of content "in response to legal requests from law enforcement agencies and the India Computer Emergency Response Team within the Ministry of Electronics and Information Technology," the company said.

Euro zone needs 19 healthy economies, not special budget, says Dutch PM

Euro zone needs 19 healthy economies, not special budget, says Dutch PM

Fri, Dec 15, 2017

The euro zone does not need a special budget to help deal with crises, but rather 19 healthy national budgets that can withstand economic shocks, Dutch Prime Ministers Mark Rutte will tell his fellow European Union leaders on Friday.

Airbus confirms management shake-up; COO to step down in Feb '18

Airbus confirms management shake-up; COO to step down in Feb '18

Fri, Dec 15, 2017

During 2018, the board will assess internal and external candidates for the CEO role with a view to announcing Enders’ successor in good time for confirmation at the 2019 annual shareholder meeting, the statement said.

Risks of ‘barks’ becoming ‘bites’ cannot be ignored: Standard Chartered

Risks of ‘barks’ becoming ‘bites’ cannot be ignored: Standard Chartered

Thu, Dec 14, 2017

"Monetary policy in general is likely to shift from ultra-accommodative to more neutral as inflation rises but remains well below longer-term averages," the Standard Chartered report said, adding "The biggest risk to global growth in 2018 is complacency; warning signs, if ignored, could turn ‘barks’ into ‘bites’," said the report

Apple invests $390mn in US-made iPhone lasers

Apple invests $390mn in US-made iPhone lasers

Thu, Dec 14, 2017

The 700,000-square-foot manufacturing plant in Sherman, Texas, that was closed in 2012, is expected to begin shipping its products in the second half of 2018 and its output will make Sherman the VCSEL capital of the US.

Disney deal set to value Fox at more than $75 billion: source

Disney deal set to value Fox at more than $75 billion: source

Thu, Dec 14, 2017

Under the terms of the all-stock deal, Fox assets that will be sold to Disney, including the Twentieth Century Fox movie and TV studio, cable networks and international operations will be valued at around $29 per share, the source said on Wednesday.

Google opens AI centre in China as competition heats up

Wed, Dec 13, 2017

Artificial intelligence, especially machine learning, has been an area of intense focus for American tech stalwarts Google, Microsoft and Facebook, and their Chinese competitors Alibaba, Tencent and Baidu as they bid to master what many consider is the future of computing.

South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'

South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'

Wed, Dec 13, 2017

The world`s biggest and best known cryptocurrency, bitcoin, surged past $17,000 to new all-time highs this week, marking an almost dizzying 20-fold rise this year and feeding fears of a bubble.

WTO losing trade focus, too easy on some developing nations: US

WTO losing trade focus, too easy on some developing nations: US

Tue, Dec 12, 2017

US Trade Representative Robert Lighthizer, who has said he does not want major agreements out of the meeting, voiced concern that the WTO was becoming a litigation-centered organization.

Toshiba, Western Digital agree in principle to settle chip dispute: sources

Toshiba, Western Digital agree in principle to settle chip dispute: sources

Fri, Dec 08, 2017

Toshiba was forced to put the unit - the world`s no. 2 producer of NAND chips - on the block to cover billions of dollars in liabilities arising from its now bankrupt U.S. nuclear power unit Westinghouse.

IMF warns on brewing risks in China's financial system

IMF warns on brewing risks in China's financial system

Thu, Dec 07, 2017

The IMF report comes a day after regulators in Beijing drafted new rules to strengthen bank funding, and follows a number of alerts about a ballooning debt problem in the world's number-two economy.

Gold hovers near two-month lows as dollar firms

Gold hovers near two-month lows as dollar firms

Thu, Dec 07, 2017

Gold dipped slightly and held near a two-month low on Wednesday, under pressure from a firmer U.S. dollar ahead of a vote on the U.S. tax reform plan, but a potential government shutdown lent support to prices.

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