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India and China to drive new wealth creation globally, Asia to contribute
Updated : 1 year, 8 months ago IST
India is well positioned to be a driver of greater wealth, says a global wealth report by Boston Consulting Group (BCG). In 2023, India has generated roughly USD 590 billion in new financial wealth, marking its largest increase in the history. India will add about USD 730 billion annually to
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E&ICT Academy, IIT Guwahati Launches Data Analytics and Generative AI
Updated : 1 year, 8 months ago IST
Bangalore (Karnataka) [India], July 17: IIT Guwahati, one of the renowned Indian universities, announced the launch of a specialized Professional Certificate Program in Data Analytics & Generative AI in collaboration with the world's leading online bootcamp provider for digital skills, S
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Indian Oil PSU's have global presence with net investments of USD 40.6 bn,
Updated : 1 year, 8 months ago IST
Union Minister Hardeep Singh Puri reviewed the overseas assets of India's energy sector which includes the foreign branches of the India PSUs. It includes majorly ONGC Videsh Ltd (OVL), Indian Oil Corporation Ltd (IOCL), Oil India Ltd (OIL), Bharat PetroResources Ltd (BPRL), GAIL India, and
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Kenya spends USD 1 billion in a year to repay Chinese loans, burdening tax
Updated : 1 year, 8 months ago IST
Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (approximately 1 billion USD) to repay debt to China in the just-ended financial year, highlighting the burden on taxpayers in servicing loans taken to build a modern railway and other inf
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Palestine thanks India for first tranche of USD 2.5 million to UNRWA
Updated : 1 year, 8 months ago IST
"We extend our sincere thanks and appreciation to the Indian Government to release of the first tranche USD 2.5 million to the united Nations Relief and Works Agency for Palestine Refugees in the Near East UNRWA as a part of its annual contribution at USD 5 Million for the year 2024-2025,
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Elon Musk plans to give USD 45 million a month to pro-Trump super PAC: Rep
Updated : 1 year, 8 months ago IST
Tesla CEO Elon Musk has said he plans to give USD 45 million a month to a new super political-action committee supporting former US President Donald Trump's presidential run, The Wall Street Journal reported.
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India needs Digital Twin Policy to drive 33 pc increase in infra investmen
Updated : 1 year, 8 months ago IST
India's infrastructure sector is on the brink of a major transformation. As the nation sets its sights on becoming a USD 40 trillion economy by 2047, the role of advanced technologies in managing and expanding infrastructure projects assumes vital importance
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India releases USD 2.5 million in aid for Palestine refugees
Updated : 1 year, 8 months ago IST
India on Monday announced that they have released the first tranche of USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), as part of its annual contribution of USD 5 million for the year 2024-25.
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India's Apr-Jun quarter exports cross USD 200 bln, government optimistic o
Updated : 1 year, 8 months ago IST
India's exports in the first quarter of 2024-25 (April-June) crossed the USD 200 billion mark and the government is optimistic about reaching the full-year target of USD 800 billion.
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Trade deficit widens to USD 8 bn in June 2024 despite increase in exports
Updated : 1 year, 8 months ago IST
In June 2024, the trade deficit stood at USD 8.00 billion, up from USD 7.00 billion in June 2023. This USD 1 billion increase highlights a growing gap between the country's imports and exports, raising concerns among economists and policymakers about the underlying economic dynamics.
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Apple's sales in India, a key market, surge to record USD 8 billion: Bloom
Updated : 1 year, 8 months ago IST
Apple Inc's annual sales in India hit a record of almost USD 8 billion in the recently concluded financial year 2023-24, reported Bloomberg, quoting a person familiar with the data.
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Minister Piyush Goyal in Switzerland to advance EFTA's USD 100 Billion inv
Updated : 1 year, 8 months ago IST
The minister is on an official visit to Switzerland to take forward commitments as part of India's recently signed free trade agreement with the four-nation European bloc or EFTA. During the visit, the minister held significant discussions with industry leaders and stakeholder to advance
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