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Zambia calls off Chinese loans, saves itself from falling in Beijing's deb
Updated : 3 years, 11 months ago IST
Lusaka [Zambia], August 6 (ANI): Southern African nation, Zambia, seems to have understood China's debt-diplomacy, which only reaps profits to Beijing while countries are pushed towards an economic crisis, as Lusaka cancelled USD 1.6 billion Chinese loans.
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HDFC seals USD 1.1 billion worth syndicated loan for affordable housing
Updated : 3 years, 11 months ago IST
New Delhi [India], August 5 (ANI): Housing finance company HDFC on Friday announced the completion of the USD 1.1 billion syndicated social loan facility for the financing of affordable housing in India.
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2nd edition of India Gaming Conclave to focus on drivers of gaming revolut
Updated : 3 years, 11 months ago IST
New Delhi [India], August 4 (ANI/NewsVoir): Gaming is emerging as a power-packed sector in India, with the country expected to become one of the world's leading markets in the gaming industry. According to latest reports by KPMG, the total Indian Gaming Market is expected to grow 113 per cen
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M1xchange offers 'Small to Small Factoring' in partnership with YES BANK a
Updated : 3 years, 11 months ago IST
New Delhi [India], August 4 (ANI/PNN): M1xchange, India's first and leading TReDS platform, in partnership with YES BANK and RBL Bank, announced today that it had started testing of 'Small-Small Factoring' product under the Reserve Bank of India's (RBI's) third cohort of the regulatory sandb
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Govt policies help control prices of commodities
Updated : 3 years, 11 months ago IST
New Delhi [India], August 3 (ANI): India has taken steps to ensure smooth domestic supplies and control prices of key commodities, which has led to July exports being steady at last year's level. Merchandise export in July 2022 stands at $35.24 billion as compared to $35.51 billion in July 2
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US Chips Act restricts companies from expanding production in China
Updated : 3 years, 11 months ago IST
Washington [US], August 3 (ANI): The new federal programme passed by the US Congress provides USD 52 billion in support for the semiconductor industry, however, it restricts companies that are accepting the funding for expanding their chip production capacity in China.
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Assurance from friendly countries needed for IMF-Pakistan loan deal
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], August 3 (ANI): Amid dwindling foreign reserves, the International Monetary Fund (IMF) on Tuesday announced the approval of USD 1.2 billion in loans on the condition that Pakistan should timely secure adequate assurances from friendly countries in order to tackle the wi
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India's exports fall marginally to $35.24 billion in July
Updated : 3 years, 11 months ago IST
New Delhi [India], August 2 (ANI): India's merchandise exports declined marginally to $35.24 billion in July 2022 as compared to USD 35.51 billion recorded in the same month last year, as per the government data released on Tuesday.
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Chinese banks might lose over USD 300 billion
Updated : 3 years, 11 months ago IST
Beijing [China], August 2 (ANI): Chinese banks might lose over USD 300 billion as the country continues to grapple with an economic slowdown and a housing crisis increasing the lack of confidence in the financial system among citizens.
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PM Modi lauds record 6 billion UPI transactions in July
Updated : 3 years, 11 months ago IST
New Delhi [India], August 2 (ANI): Prime Minister Narendra Modi has lauded the outstanding accomplishment of 6 billion UPI transactions in July, the highest ever since 2016.
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Zimbabwe President Emmerson Mnangagwa launched US USD 500 million Zim Cybe
Updated : 3 years, 12 months ago IST
New Delhi [India], August 1 (ANI/PRNewswire): President of Zimbabwe, H.E. Emmerson Mnangagwa unveiled the US USD 500 million (Dh1.83 billion) fresh market for global investments - Zim Cyber City.
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Assets worth over PKR 10 billion stolen from Pakistan Steel Mills
Updated : 3 years, 12 months ago IST
Islamabad [Pakistan], August 1 (ANI): Assets over 10 billion Pakistani rupees have been stolen from Pakistan Steel Mills (PSM) in collusion with some officers in the management, according to local media.
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