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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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China's Sinopec looking to sell Nigeria business: Sources

China's Sinopec looking to sell Nigeria business: Sources

Wed, Dec 06, 2017

Sinopec and other oil groups including China National Petroleum Corporation and CNOOC made large acquisitions between 2009 and 2013 with the help of low-cost loans from Chinese state-owned banks.

German car lobby sees ''historic'' 2017 sales, small 2018 drop

German car lobby sees ''historic'' 2017 sales, small 2018 drop

Wed, Dec 06, 2017

New car registrations in Germany, Europe`s largest auto market, will grow to one of their highest-ever levels this year, fuelled by a strong economy and sales incentives for cleaner diesel models, the country`s main auto lobby said.

Global Markets: Tech tremors spread to financials to spoil global rally

Global Markets: Tech tremors spread to financials to spoil global rally

Wed, Dec 06, 2017

Investors concerned about high valuations took the top off the tech sector, where stocks such as Facebook, Alphabet, Tencent and Alibaba have reached prices some describe as "eye-watering".

Europe sucked into sell-off, sterling suffers Brexit blues

Europe sucked into sell-off, sterling suffers Brexit blues

Tue, Dec 05, 2017

US futures were pointing to another Nasdaq drop later too amid worries that Donald Trump`s long-promised tax cuts -- which took a big step forward on Monday -- could strip tech firms of some of their R&D tax breaks.

UK's Cineworld targets US expansion with $3.6 billion deal to buy Regal Entertainment

UK's Cineworld targets US expansion with $3.6 billion deal to buy Regal Entertainment

Tue, Dec 05, 2017

Britain`s Cineworld Group Plc sealed an agreement to buy larger U.S. peer Regal Entertainment Group on Tuesday for $3.6 billion in cash, a deal that would create the world`s second largest movie theatre operator.

YouTube to hire 10,000 people to root out bad content

YouTube to hire 10,000 people to root out bad content

Tue, Dec 05, 2017

YouTube along with Facebook, Google and Twitter have come under scrutiny over the availability of terrorist material and propaganda on their platforms.

Gold dips as dollar shines after US Senate clears tax bill

Gold dips as dollar shines after US Senate clears tax bill

Mon, Dec 04, 2017

Higher rates tend to boost the dollar, making the greenback-denominated gold more expensive for buyers using other currencies. An increase in rates also reduces the incentive for investors to hold onto the non-interest-bearing metal.

CVS Health to acquire Aetna for $69 billion in year's largest acquisition

CVS Health to acquire Aetna for $69 billion in year's largest acquisition

Mon, Dec 04, 2017

The deal comes after Aetna`s $37 billion plan to acquire smaller U.S. health insurance peer Humana Inc was blocked in January by a U.S. federal judge over antitrust concerns. A proposed combination of peers Anthem Inc and Cigna Corp was also shot down.

Oil prices fall after US drillers add rigs

Oil prices fall after US drillers add rigs

Mon, Dec 04, 2017

The latest agreement allows for producers to exit the deal early if the market overheats. Russian officials had expressed concern that extending the output cuts might encourage rival U.S. shale oil firms to pump more crude.

Sale of the century? $300-billion Saudi state sell-off moves slowly

Sale of the century? $300-billion Saudi state sell-off moves slowly

Fri, Dec 01, 2017

Saudi Arabia`s $300-billion privatisation programme was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his plan to great fanfare. Nineteen months later, it is moving at a snail`s pace, bankers, investors and analysts familiar with the process say.

Asian manufacturing buoyed by tech as focus shifts to regional rate hikes

Asian manufacturing buoyed by tech as focus shifts to regional rate hikes

Fri, Dec 01, 2017

The firm expansion in factory activity, seen in South Korea, Japan and Taiwan, has not been uniform, however, with Beijing`s war on pollution tempering growth in Chinese manufacturing in October.

Bitcoin loses over a fifth of its value in less than 24 hours

Bitcoin loses over a fifth of its value in less than 24 hours

Thu, Nov 30, 2017

The fall tempers an astronomical rise for the cryptocurrency in recent months - bitcoin was up almost 1100 percent year-to-date on Wednesday. As of 1400 GMT on Thursday, it was still up around 850 percent.

Gold holds near one-week low as stronger US economy data weighs

Gold holds near one-week low as stronger US economy data weighs

Thu, Nov 30, 2017

Despite the volatility overnight, it was another subdued session across the precious complex today in Asia, with gold struggling above $1,285 an ounce consistently, MKS analyst Alex Thorndike said in a note.

Oil falls on doubts over extending output cuts, surprise rise in US crude stocks

Oil falls on doubts over extending output cuts, surprise rise in US crude stocks

Wed, Nov 29, 2017

Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the market has already priced in, and after a report of an unexpected rise in U.S. crude oil inventories.

Bitcoin tops $10,000, taking 2017 gains to 940% on BitStamp

Bitcoin tops $10,000, taking 2017 gains to 940% on BitStamp

Wed, Nov 29, 2017

Created in 2009, bitcoin uses encryption and a blockchain database that enables the fast and anonymous transfer of funds outside of a traditional centralized payment system.

AT&T and Time Warner say proposed merger is "pro-consumer"

AT&T and Time Warner say proposed merger is "pro-consumer"

Wed, Nov 29, 2017

AT&T Inc and Time Warner Inc argued on Tuesday that their proposed $85.4 billion merger was "pro-competitive" and "pro-consumer", as they sought to refute U.S. Justice Department allegations that the deal breaks antitrust law.

Uber signs first Southeast Asian e-wallet deal with Vietnam's MoMo

Uber signs first Southeast Asian e-wallet deal with Vietnam's MoMo

Wed, Nov 29, 2017

The deal is Uber`s first e-wallet partnership in Southeast Asia, home to 600 million people, and could help the firm catch up with main regional rival Grab which has its own e-wallet service.

Fed nominee Powell, once hawkish, now champions Yellen's focus on jobs

Fed nominee Powell, once hawkish, now champions Yellen's focus on jobs

Tue, Nov 28, 2017

As a nominee to lead the Fed, veteran governor Jerome Powell sides with the outgoing chair Janet Yellen in arguing that the Fed`s easy money policy has paid off by bringing millions back to work without any clear sign it has thrown markets off kilter.

NASA says no pending announcement on alien life

NASA says no pending announcement on alien life

Tue, Jun 27, 2017

US space agency NASA said that it has no pending announcement regarding extraterrestrial life, following a wave of media reports that it was about to announce the evidence of alien life.

PM Modi and US President Donald Trump to talk today; here's what to expect

PM Modi and US President Donald Trump to talk today; here's what to expect

Tue, Jan 24, 2017

US President Donald Trump and Prime Minister Narendra Modi will talk at 1 pm ET. The call will be at 11.30 pm India time.

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