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If FPIs outflows remain constant, India's BoP will be neutral for FY25: Re
Updated : 1 year, 4 months ago IST
India's current account deficit (CAD) widened slightly to USD 11.2bn (1.2% of GDP) in Q2 from USD 10.2bn (1.1% of GDP) in the previous quarter. However, there was a Balance of Payments (BoP) surplus of USD 23.8 billion was there in the first half (H1).
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Public finance of GCC countries witnessed significant financial surplus in
Updated : 1 year, 4 months ago IST
The GCC countries reported significant financial surpluses in 2022 and 2023, totaling USD 134 billion and USD 2 billion, respectively, according to GCC-Stat. Public debt stabilised at 28 per cent of GDP and is projected to remain steady through 2025. Credit rating agencies highlighted improv
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Kazakhstan tops regional investment with USD 15.7 billion in 2024
Updated : 1 year, 4 months ago IST
Kazakhstan has emerged as the leading investment destination in North and Central Asia, attracting USD 15.7 billion in foreign direct investment (FDI) in 2024, according to a recent ESCAP report. This marks an 88 per cent increase year-on-year, with significant contributions from Qatar's USD
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India's electronics sector eyes major growth, with 12 million jobs project
Updated : 1 year, 4 months ago IST
Achieving this goal will require the sector to expand fivefold in the next five years, addressing a USD 400 billion production gap. Presently, the industry's domestic production stands at USD 101 billion, with mobile phones accounting for 43 per cent of this output.
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JSW Energy acquires 4,696 mw renewable energy platform from O2 power for R
Updated : 1 year, 4 months ago IST
Valued at approximately Rs12,468 crores (around USD 1.47 billion), will significantly boost JSW Energy's renewable energy capacity. The acquisition, subject to approval by the Competition Commission of India (CCI) and other customary approvals, includes O2 Power Midco Holdings Pte. Ltd. and
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Venture capital activity in India hits USD 16.77 billion in 2024, marking
Updated : 1 year, 4 months ago IST
Consumer discretionary investments followed at USD 2.30 billion, up 32.2 per cent, while the financial sector experienced a marginal dip to USD 2.20 billion. Major deals included KiranaKart Technologies (Zepto) at USD 1.3 billion and Poolside AI SAS at USD 500 million.
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"Invest in our American workforce first": Nikki Haley joins debate on H1B
Updated : 1 year, 4 months ago IST
Former South Carolina Governor, Nikki Haley has entered the debate of H1B visa allocations in the US, amid discussions by billionaire Elon Musk, Republican leader Vivek Ramaswamy, along with Sriram Krishnan--President-elect Donald Trump's nominee for White House policy adviser on artifici
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Slump in India's forex reserves continue; declined USD 8.5 billion
Updated : 1 year, 4 months ago IST
India's forex reserves have slumped eleven out of the past 12 weeks, hitting a new multi-month low.
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Ajman Ruler approves emirate's 2025 budget worth AED3.7 billion
Updated : 1 year, 4 months ago IST
The move aims to support the emirate's development plans, enhance community well-being, meet public needs, and strengthen Ajman's stature as a preferred destination for living, working, and tourism.
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India's defence exports touched record Rs 21,083 crore in 2023-24, marks 3
Updated : 1 year, 4 months ago IST
India's defence exports continue to rise touching a record Rs 21,083 crore (about USD 2.63 billion) in the FY2023-24, a growth of 32.5 per cent over the previous fiscal when the figure was Rs 15,920 crore.
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CurveAi Launches DealSpy: India's First AI Shopping Agent Suite for Online
Updated : 1 year, 4 months ago IST
Gurugram (Haryana) [India], December 26: CurveAi, a pioneering generative AI startup based in Gurugram, has announced the launch of DealSpy, India's first AI shopping agent suite designed to enhance the online shopping experience. This innovative AI agent framework is set to transform how co
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Israel: Balance of public's financial assets portfolio up USD 61 billion
Updated : 1 year, 4 months ago IST
The Bank of Israel reported that in the third quarter of 2024, the balance of the public's financial assets portfolio increased by approximately 221.7 billion Shekels (USD 61 billion) - 3.9 per cent - to about 6 trillion Shekels (USD 1.63 trillion).
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