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Israel's surplus in current accounts USD 6.7 billion to start 2024
Updated : 1 year, 11 months ago IST
Israel's Central Bureau of Statistics reported that the surplus in the current account in the first quarter (Q1) of 2024, minus the effect of seasonality, amounted to USD 6.7 billion, compared to $9.3 billion in the previous quarter.
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Groceries being delivered in Gurugram through drones, along with healthcar
Updated : 1 year, 11 months ago IST
Regarding Skye Air, Kumar said, "We started with two drones and now our company has 30 drones. If you compare it with traditional methods, drones have countless advantages, especially in busy urban areas like Gurugram."
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India's oilmeal exports decline amid global trade challenges
Updated : 1 year, 11 months ago IST
India's oilmeal exports have seen a significant decline, indicating broader issues in the agricultural trade sector. Recent data from the Solvent Extractors' Association of India (SEA) shows a notable reduction in exports for April and May 2024, down by 17 per cent compared to the same perio
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Supermicro Adding 3 New Manufacturing Facilities in Silicon Valley and Glo
Updated : 1 year, 11 months ago IST
San Jose (California) [US], June 18: Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, continues to expand in Silicon Valley with new campuses as the demand for liquid-cooled data center increases. The new facilities will be part of the new li
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Rupee depreciation against dollar miniscule as compared to other currencie
Updated : 1 year, 11 months ago IST
The Indian rupee experienced significant volatility in June, largely driven by the impact of elections, Foreign Portfolio Investor (FPI) outflows, and a rise in oil prices, which collectively strengthened the US dollar against the rupee, according to a report by Bank of Baroda.
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 11 months ago IST
In its report on key financial stability indicators for Q1-24, released today, the Central Bank of the UAE (CBUAE) stated that the value of these liquid assets increased on a quarterly (q-o-q) basis by 5.7 per cent, or AED42.7 billion, compared to approximately AED743.95 billion at the end o
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Indian textile exports surge by 9.59 pc in May despite global economic cha
Updated : 1 year, 11 months ago IST
Despite unfavourable economic conditions in major markets such as the European Union (EU), the US, and West Asian nations, Indian textile exports grew by 9.59 per cent compared to the previous year in May 2024, the Confederation of Indian Textile Industry (CITI) said in a report.
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Junckers unveils its new flooring "Oak Nature" inspired by the infinite be
Updated : 1 year, 11 months ago IST
New Delhi [India], June 15: Junckers, Europe's leading manufacturer of premium solid wood flooring for sports, residential, and commercial uses, recently has introduced Oak Nature plank flooring as a tribute to the infinite beauty of nature. Inspired by the diversity of the wild, this floori
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 11 months ago IST
The liquid assets in the UAE banking sector stood at AED786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2 per cent, or AED172.8 billion, compared to approximately AED613.8 billion at the end of Q12023.
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Amid decline in VC-PE funding, share of seed deals are rising in India
Updated : 1 year, 12 months ago IST
Highlighting the enhanced growth prospects of consumer tech, fintech, and SaaS-based companies, the report added that these sectors attracted close to 60 per cent of funding in 2023 and remained dominant sectors. However, compared to 2022, their salience reduced (by about 10 percentage point
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Swift TV and the Rise of FAST Streaming: Transforming the OTT Landscape in
Updated : 2 years ago IST
New Delhi [India], June 7: The emergence of Free Ad-Supported Streaming TV (FAST) services has revolutionized the way we consume content, with significant differences between the Western and Indian markets. As the landscape of FAST-based OTT platforms gains traction in the APAC market, the u
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Heat Wave Takes Toll on Truck Rentals and Fleet Occupancy Levels in May: S
Updated : 2 years ago IST
Mumbai (Maharashtra) [India], June 7: The June 2024 edition of Shriram Mobility Bulletin, released today includes interesting data about the latest state of the automobile and logistics sector. The bulletin compiles sales and rental figures for May 2024 and compares them to relevant figures
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