An International Monetary Fund (IMF) team conducted a staff visit to Bangladesh's capital city Dhaka from April 25 to May 7, 2023, to discuss recent macroeconomic developments and implementation of its program.
New Delhi [India], May 2 (ANI/NewsVoir): In 2022-23, Indian industries are showing growth despite significant headwinds, including macroeconomic uncertainty. Indian companies have recorded a significant increase in revenue and are now higher than pre-pandemic levels, driven by sustained volu
A resilient bank needs to be financially, operationally and organisationally resilient and should have adequate capital buffers to be able to generate earnings even in times of severe macroeconomic shocks, said Reserve Bank of India governor Shaktikanta Das, adding that it has started loo
Union Finance Minister Nirmala Sitharaman on Friday spoke at length on DPI (Digital Public Infrastructure), underlining how India, during the last couple of years, has seen its contribution to targeted quick, efficient and inclusive service delivery through innovative methods.
Tech giant Apple's personal computer shipments during January-March 2023 quarter declined over 40 per cent on a yearly basis owing to weak demand and weak macroeconomic fundamentals, data compiled by International Data Corporation (IDC) showed.
The global provider of market intelligence said weak demand, excess inventory, and a worsening macroeconomic climate were all contributing factors for the precipitous drop in shipments of traditional PCs during the first quarter of 2023 (Q1).
"The company is cutting memory production volumes to a meaningful level," the South Korean company said in a statement shortly after releasing earnings guidance. "Demand for memory has declined due to the macroeconomic situation and low consumer sentiment."
Bangalore (Karnataka) [India], April 5 (ANI/BusinessWire India): Today's businesses must prioritize software agility to enable resilience amidst turbulent macroeconomic times. But adoption at scale is challenging given the different clouds, tools, methodologies, and skills needed to successf
The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) in fiscal 2024 amid global macroeconomic and financial sector headwinds, according to a Crisil report.
The two ministers also discussed issues of mutual interest, including macroeconomic conditions, opportunities for boosting investment from Australia to India and harnessing renewable energy, digitisation and technology revolutions underway in India.
The report found that companies that make decisions based on high-quality, transparent data and build a culture of responsible risk-taking are more likely to deliver profitable growth in today's tough macroeconomic conditions.
Union minister Piyush Goyal said the Indian industry must be proud of their achievements, the country's strong macroeconomic fundamentals, and about the reforms made in the past several years.