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Kazakhstan tops regional investment with USD 15.7 billion in 2024
Updated : 1 year, 2 months ago IST
Kazakhstan has emerged as the leading investment destination in North and Central Asia, attracting USD 15.7 billion in foreign direct investment (FDI) in 2024, according to a recent ESCAP report. This marks an 88 per cent increase year-on-year, with significant contributions from Qatar's USD
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India's electronics sector eyes major growth, with 12 million jobs project
Updated : 1 year, 2 months ago IST
Achieving this goal will require the sector to expand fivefold in the next five years, addressing a USD 400 billion production gap. Presently, the industry's domestic production stands at USD 101 billion, with mobile phones accounting for 43 per cent of this output.
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Two-time PGA Tour winner Joaquin Niemann confirms participation in Interna
Updated : 1 year, 2 months ago IST
Joaquin Niemann, The International Series Rankings champion for the 2024 season, is the latest big name to be confirmed for International Series India, the USD 2 million tournament taking place at DLF Golf and Country Club next month
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Magnus Carlsen disqualified from chess championship for wearing jeans, fin
Updated : 1 year, 2 months ago IST
Carlsen was also disqualified from taking part in the World Rapid and Blitz Chess Championships after the Norwegian chess grandmaster refused to comply with FIDE's dress code.
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JSW Energy acquires 4,696 mw renewable energy platform from O2 power for R
Updated : 1 year, 2 months ago IST
Valued at approximately Rs12,468 crores (around USD 1.47 billion), will significantly boost JSW Energy's renewable energy capacity. The acquisition, subject to approval by the Competition Commission of India (CCI) and other customary approvals, includes O2 Power Midco Holdings Pte. Ltd. and
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Venture capital activity in India hits USD 16.77 billion in 2024, marking
Updated : 1 year, 2 months ago IST
Consumer discretionary investments followed at USD 2.30 billion, up 32.2 per cent, while the financial sector experienced a marginal dip to USD 2.20 billion. Major deals included KiranaKart Technologies (Zepto) at USD 1.3 billion and Poolside AI SAS at USD 500 million.
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Slump in India's forex reserves continue; declined USD 8.5 billion
Updated : 1 year, 2 months ago IST
India's forex reserves have slumped eleven out of the past 12 weeks, hitting a new multi-month low.
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India's defence exports touched record Rs 21,083 crore in 2023-24, marks 3
Updated : 1 year, 2 months ago IST
India's defence exports continue to rise touching a record Rs 21,083 crore (about USD 2.63 billion) in the FY2023-24, a growth of 32.5 per cent over the previous fiscal when the figure was Rs 15,920 crore.
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Chinese national sentenced to 10 years for laundering $62 million in drug
Updated : 1 year, 2 months ago IST
A federal judge in Chicago on December 20 sentenced Haiping Pan, a 44-year-old Chinese national, to 10 years in prison for his role in laundering USD 62 million in drug proceeds on behalf of Mexican drug traffickers. The sentencing follows an extensive investigation by Department Homeland Se
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CurveAi Launches DealSpy: India's First AI Shopping Agent Suite for Online
Updated : 1 year, 2 months ago IST
Gurugram (Haryana) [India], December 26: CurveAi, a pioneering generative AI startup based in Gurugram, has announced the launch of DealSpy, India's first AI shopping agent suite designed to enhance the online shopping experience. This innovative AI agent framework is set to transform how co
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Israel: Balance of public's financial assets portfolio up USD 61 billion
Updated : 1 year, 2 months ago IST
The Bank of Israel reported that in the third quarter of 2024, the balance of the public's financial assets portfolio increased by approximately 221.7 billion Shekels (USD 61 billion) - 3.9 per cent - to about 6 trillion Shekels (USD 1.63 trillion).
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IMF to provide USD 1.2 billion in funding to strengthen public finances in
Updated : 1 year, 2 months ago IST
The International Monetary Fund (IMF) has announced an agreement with Egypt to unlock approximately USD 1.2 billion in funding to support the country's struggling finances, Al Jazeera reported on Wednesday.
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