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Indian auto component industry turnover grows 9.8% in 2023-24; outlook pos
Updated : 1 year, 7 months ago IST
The turnover stood at Rs 6.14 lakh crore (USD 74.1 billion) during the year, said the ACMA, the body representing India's auto component manufacturing industry, in its review for the fiscal year 2023-24, as per a release.
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Asia Pacific's Mobile Economy Forecast to Grow to USD 1 trillion by 2030,
Updated : 1 year, 7 months ago IST
Singapore, July 25: The mobile industry's contribution to Asia Pacific's economy will grow beyond USD 1 trillion by 2030, with faster adoption of 5G technologies in the region meaning it will exceed average global growth rates, according to the GSMA's Mobile Economy Asia Pacific 2024 report
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Share of health budget has gone down, says IMA President Dr RV Asokan
Updated : 1 year, 7 months ago IST
"This budget is status quo for health concerns, with only two silver linings: customs duty exemptions on diagnostics and cancer drugs. The economy has moved from USD 3.4 trillion to USD 4 trillion," said Dr Asokan.
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Industry commends budget for boosting India's global presence in space ind
Updated : 1 year, 8 months ago IST
Siddharth Mody, Partner at JSA Advocates and Solicitors, lauded the initiative, noting its potential impact on the industry, said, "The announcement of a Rs 1,000 crore venture capital fund dedicated to the space economy marks a significant commitment by the government to advance India's bur
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Join the 2024 'Go Green with Taiwan' Global Sustainability Call for Propos
Updated : 1 year, 8 months ago IST
New Delhi [India], July 24: As the world shifts towards green energy and sustainable economies, Taiwan has built a strong portfolio of green products and technologies. The 2024 "Go Green with Taiwan" global call for proposal event invites proposers worldwide to showcase their creativity usin
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Kenya's forex reserves decline due to foreign debt repayments, particularl
Updated : 1 year, 8 months ago IST
Kenya's foreign exchange reserves have experienced a significant drop of USD 487 million (approximately KES 63.9 billion) over the past week, following substantial repayments of external debt.
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Israel: Millions allocated for promotion of construction industry
Updated : 1 year, 8 months ago IST
The Investment Authority in Israel's Ministry of Economy and Industry and the Ministry of Construction and Housing are launching a new support track in the amount of approximately 12 million Shekels (USD 3.3 million) for the promotion and development of the construction industry in Israel wi
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Exports from Gujarat to Bhutan increase by 52 per cent in five years
Updated : 1 year, 8 months ago IST
From USD 14.39 million in 2019-20, exports from Gujarat to Bhutan have climbed to USD 21.98 million in 2023-24, reflecting a remarkable 52 per cent growth over the past five years.
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India's per capita income projected at Rs 14.9 lakh when country attains 1
Updated : 1 year, 8 months ago IST
As per a presentation made by the Chief Economic Adviser V Anantha Nageswaran at a press conference after the tabling of the Economic Survey for 2023-24, the per capita income is currently at Rs 2.12 lakh in 2023-24. In dollar terms, it is at USD 2,500.
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Indian companies lag behind global giants in patent production: FAST India
Updated : 1 year, 8 months ago IST
The report highlights the disparity, with global firms producing 14.1 times the number of patents per billion USD revenue compared to Indian firms.
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Hard to implement IMF deal as political pressure surges in Pakistan: Exper
Updated : 1 year, 8 months ago IST
The current fiscal year's tax-laden budget and the Supreme Court's ruling on reserved seats have shifted the focus of politics to the economy, further posing doubts over Pakistan's ability to meet the new International Monetary Fund (IMF) conditions for a USD 7 billion loan, reported Dawn.
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Gold hits high of USD 2,483; Fed Rate Cut expectations, geopolitical tensi
Updated : 1 year, 8 months ago IST
The price of gold, which opened in the low USD 2,300s in early July, quickly surpassed the USD 2,400 mark and achieved a high of USD 2,483 this Wednesday, according to Metals Focus report.
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