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Pakistan's 7 billion USD bailout deal with IMF in doldrums
Updated : 1 year, 8 months ago IST
The key assumptions used to finalise Pakistan's USD 7 billion deal with the International Monetary Fund (IMF) has gone haywire within a month of its approval, leaving the authorities concerned with an option either to renegotiate the package or keep suffocating the economy through more taxes
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PureHealth posts AED 1.4 billion net profit in 9 months
Updated : 1 year, 8 months ago IST
PureHealth Holding announced strong financial results for the first nine months of 2024, posting AED 1.4 billion in net profit--a 13 per cent increase year-on-year. Revenue surged by 56 per cent to AED 19 billion, driven by increased patient demand and strategic acquisitions, including Sheik
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MBZUAI releases Nanda giving over half a billion Hindi speakers access to
Updated : 1 year, 8 months ago IST
Abu Dhabi [UAE], October 31: Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) - the world's first graduate-level artificial intelligence (AI) university dedicated to research - has released Nanda, the world's most advanced open-source Hindi large language model (LLM).
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PopVax Announces 1.15 Million USD in Funding from the Bill and Melinda Gat
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra)/ Hyderabad (Telangana) [India], October 30: PopVax, an Indian full-stack biotechnology company developing novel mRNA vaccines and therapeutics using computational protein design, is pleased to announce that its ongoing research effort to develop lipid-polymer delivery fo
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Global gold demand reaches record high value of over USD 100 billion
Updated : 1 year, 8 months ago IST
Investment demand for gold skyrocketed, more than doubling from the previous year to 364 tonnes. This surge was primarily fueled by a shift in demand for gold exchange-traded funds (ETFs) among Western investors, with global gold ETFs adding 95 tonnes--a notable rebound as this marked the fi
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EV makers set to invest USD 20 bn in South and Southeast Asia: S&P Glo
Updated : 1 year, 8 months ago IST
Claire Yuan, S&P Global Ratings credit analyst, said, "By our estimate, rated carmakers will be spending more than US$20 billion building electric vehicle [EV] production in South and Southeast Asia for the next few years. The expansion will likely enhance the business strength of some r
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"BJP politicising issue": Karnataka DyCM on Waqf land claim controversy
Updated : 1 year, 8 months ago IST
Amid the alleged Waqf land claim controversy, Karnataka Chief Minister Siddaramaiah reiterated on Wednesday that no notice of eviction has been issued to farmers and that no one who has possessed its property will be evicted.
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BJP's Tejasvi Surya asks JPC chairman to call farmers allegedly affected b
Updated : 1 year, 8 months ago IST
Taking to his social media on X, he posted a copy of the letter and said, "Have written to the Chairperson of the JPC on Waqf Amendment Bill Jagdambika Pal, drawing attention to the plight of farmers from Vijayapura District & other areas in the vicinity in Karnataka, who have been wr
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TripFactory and NexusDMC Parent ORN Ventures Secures $50 Million in Series
Updated : 1 year, 8 months ago IST
Singapore, October 30: TripFactory, a leading global travel platform with a strong presence in India, has raised USD 50 million in Series A funding from a prominent International Corporate Group headquartered in India. This investment values the company at half a billion dollars.
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US-Taiwan Business Council announces support for USD 2 billion defence pac
Updated : 1 year, 8 months ago IST
The arms package, valued at USD 2 billion, is expected to include USD 1.16 billion for missile systems and USD 828 million for radar systems.
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OPEC Fund enhances global partnerships with substantial financing commitme
Updated : 1 year, 8 months ago IST
At the 2024 World Bank-IMF Annual Meetings, the OPEC Fund for International Development announced nearly half a billion dollars in financing commitments to partner countries, aligning with global development goals in energy, climate resilience, and socio-economic advancement.
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TMC's Kalyan Banerjee claims he was heckled by BJP MP during JPC meeting c
Updated : 1 year, 8 months ago IST
Trinamool Congress MP Kalyan Banerjee - who has lost his cool at a joint parliamentary committee meeting last week on the Waqf Board amendment law now has broken his silence, and came up with a clarification claiming he was provoked by Bharatiya Janata Party MP Abhijit Gangopadhyay and verba
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