The latest annual Sunday Times Rich List revealed their wealth grew substantially despite the wider UK billionaire boom coming "to an end" in the face of tough economic conditions.
The year 2023 saw a declining trend in Indian private equity and venture capital funding. Deals reduced by 35 percent from $ 62 billion in 2022 to $39 billion in 2023. The overall slowdown was primarily driven by global factors, including weakened investors sentiments, high interest rates, s
New Delhi [India], May 3: In India's burgeoning startup ecosystem, the third largest globally, entrepreneurs face a fiercely competitive arena marked by a high saturation of businesses across tech, e-commerce, and fintech sectors. Despite a promising start in 2022, funding sharply declined b
Despite a local holiday declared in the city's economic hub, several export-oriented industries resumed operations on Tuesday, albeit facing challenges.
India's consistent efforts to bolster its gold reserves reflect a strategy aimed at diversifying its foreign exchange reserves and mitigating risks associated with currency fluctuations and economic uncertainties.
Credit growth in India is expected to moderate down to 12-14 per cent on a yearly basis over the financial year 2024-25-2026-27 from the current 16.5 per cent, according to Emkay Institutional Equities.
"We presented this Budget in a situation when the Union government's attitude affected our finances. There is also a trend of nationawide slowdown for many reasons. In such a situation, we had to improve our economic activity," Balagopal said speaking to ANI.
Younis Haji Al Khoori, Undersecretary of the Ministry of Finance (MoF), said the UAE economy is projected to grow by 5.7% in 2024 despite prevailing global economic challenges, including a global economic slowdown and difficult financial conditions.
According to Fitch Ratings, this projection is driven by factors such as uncertain Chinese demand, a broader slowdown in global growth, and a prevalent oversupply of petrochemical products in the region.
Mumbai (Maharashtra) [India], January 4: Dr. K. V. Srinivasan, the newly elected President of the 119-year-old International Textile Manufacturers Federation (ITMF), Zurich, Switzerland, which represents the entire textile value chain across the world, has stated that the global textile indu
Strong domestic demand, supported by government spending on infrastructure, building and construction segments, is expected to keep India's steel imports elevated around the 6 million tonne (MT) mark this financial year even as the global steel industry battles a slowdown, according to ratin
According to Fitch, the demand for chemical products is anticipated to remain restricted, influenced by economic slowdowns in major economies impacted by inflation and high interest rates.