Search For "billion"
"Quick commerce" set to push India's gross order value to USD 10 bn by FY2
Updated : 1 year, 6 months ago IST
The growth trajectory of quick commerce is underscored by key players such as Zomato's Blinkit, Zepto, and Swiggy Instamart, which are set to reach USD 10 billion in gross order value by FY26.
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Pakistan: Karachi Traffic Police collects over PKR 1.2 billion in fines
Updated : 1 year, 6 months ago IST
From July 1, 2023, to July 31, 2024, more than two million citizens were fined, amounting to PKR 1,294,886,450 -- roughly PKR Rs 3.5 million per day. So far, PKR 1.19 billion of the fines have been paid, with over PKR 100 million still outstanding from more than 114,000 violators.
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India's foreign exchange reserve touches fresh high of USD 681.7 billion
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves increased by USD 7.023 billion, reaching a fresh record high of USD 681.688 billion, during the week that ended on August 23, according to data released by the Reserve Bank of India.
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Pakistan: PIA to be privatised by October 1: Privatisation Commission Secy
Updated : 1 year, 6 months ago IST
Bajwa said that the PIA's deficit had reached PKR (Pakistani Rupees) 500 billion
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Minicorns, Unicorns tripled in USD100 bn Indian fintech ecosystem: BCG-Z47
Updated : 1 year, 6 months ago IST
The Fintech ecosystem of the country now cumulatively valued at over USD 100 billion, is at a pivotal stage of evolution, with the potential to create two to three times its current value over the next decade, as per a report by BCG and Z47.
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India Emerges as Fastest-growing Pro AV Market in APAC in Latest 2024 IOTA
Updated : 1 year, 6 months ago IST
Mumbai (Maharashtra) [India], August 29: The global Pro AV market is projected to reach USD 325 billion in 2024, from USD 306.4 billion in 2023, with India leading the Asia Pacific region in growth, according to the Audiovisual and Integrated Experience Association (AVIXA) 2024 Industry Outl
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India e-commerce payments to surge by 23.8 pc in 2024: GlobalData
Updated : 1 year, 6 months ago IST
GlobalData's E-Commerce Analytics highlights that the value of India's e-commerce market is projected to rise from Rs 12.2 trillion (USD 147.3 billion) in 2024 to an impressive Rs 24.1 trillion (USD 292.3 billion) by 2028. This translates to a compound annual growth rate (CAGR) of 18.7 per c
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India's Data Centres a USD 25 billion market opportunity over the next dec
Updated : 1 year, 6 months ago IST
The Indian data centre sector is experiencing unprecedented growth driven by AI-led demand. Currently, India hosts approximately 1,300 AI companies, with AI expected to significantly increase the need for high-density server racks, ranging from 5 to 50 kW.
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India outpaces global level fintech growth in 2023; poised to reach USD 19
Updated : 1 year, 6 months ago IST
Boston Consulting Group (BCG) has prepared a flagship report titled 'Building Bridges for the Next Decade of Finance', where it noted that revenues in the Indian fintech sector are projected to reach USD 190 billion by 2030, contributing to over 20 per cent of all banking revenues.
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Chilean Foreign Minister hopes to advance trade treaty with "very importan
Updated : 1 year, 6 months ago IST
Chile has an estimated USD 2,847 billion worth of trade in 2023. Last year, India ranked 16th as a destination for Chile's non-copper and non-lithium exports, with USD 560 million in exports of goods and services out of which 30 per cent related to foods.
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First 7 months of CY24 see significant surge in VC funding to India's Star
Updated : 1 year, 6 months ago IST
India's startup ecosystem experienced a surge in venture capital (VC) funding during the first seven months of 2024, raising a total of USD 6.3 billion through 672 deals. This marks a 42.1 per cent year-on-year (YoY) increase in funding value, despite a modest 1.2 per cent rise in deal vo
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Pakistan government falls short of loan target in July
Updated : 1 year, 6 months ago IST
The Pakistan government, awaiting approval of a $7 billion IMF bailout, struggled to secure foreign assistance in July, receiving only $436.4 million--a sharp 85% drop compared to the same period last year. With an ambitious $19.4 billion target for foreign aid in FY25, the government faces
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