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India's electronic manufacturing may reach USD 500 bn by 2030: CII report
Updated : 1 year, 9 months ago IST
India needs to take critical actions to transform its electronic sector ecosystem from an 'import dependent assembly led manufacturing' to 'component level value-added manufacturing', highlights a report by Confederation of Indian Industry.
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Morgan Stanley forecasts 15.3 pc CAGR in Indian infrastructure investments
Updated : 1 year, 9 months ago IST
Investment banking company Morgan Stanley anticipated a 15.3 per cent compound annual growth rate (CAGR) in infrastructure investments, which is projected to result in a cumulative expenditure of USD 1.45 trillion over the next five years.
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AI set to revolutionize global banking, boosting profits by USD 170 bn by
Updated : 1 year, 9 months ago IST
Termed as the General-Purpose Technology (GPT) of the 2020s-2030s, AI's transformative impact on finance is poised to reshape operations, enhance security measures, and redefine intellectual property landscapes worldwide.
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QpiAI Closes USD 6.5 Mill Pre-Series A Funding to Enable Intelligence Mode
Updated : 1 year, 9 months ago IST
Bangalore (Karnataka) [India], June 22: QpiAI, a leader in quantum computing and generative AI, announced its maiden external funding of USD 6.5 million to build Quantum computing and Generative AI products and platforms.
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UAE contributes to FAO of United Nations humanitarian efforts in Sudan
Updated : 1 year, 9 months ago IST
FAO has received USD5 million in funding from the UAE, which will be directed towards the project titled 'Mitigating Famine in Sudan - Support to Conflict-Affected Vulnerable Smallholder Farming and Pastoralist Households'.
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Swiss Court jails UK's richest Hinduja family for exploiting Indian domest
Updated : 1 year, 9 months ago IST
On Friday, the court sentenced Prakash and Kamal Hinduja to four years and six months in prison, while Ajay and Namrata Hinduja were sentenced to four years. It also directed them to pay about USD 950,000 in compensation and USD 300,000 in procedural fees.
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US announces USD 850 million to reduce methane pollution from oil, gas sec
Updated : 1 year, 9 months ago IST
The U.S. Department of Energy (DOE) and the U.S. Environmental Protection Agency (EPA) today announced that applications are open for $850 million in federal funding for projects that will help monitor, measure, quantify, and reduce methane emissions from the oil and gas sectors as part of P
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Global Environment Facility approves USD 70 million to support FAO project
Updated : 1 year, 9 months ago IST
The Food and Agriculture Organisation of the United Nations (FAO) has helped 28 countries unlock USD 70 million in financing from the Global Environment Facility (GEF) to address urban sustainability, groundwater management, biodiversity loss, climate change and land degradation.
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Jefferies bullish on Adani as group eyes USD 100bn capex over next decade
Updated : 1 year, 9 months ago IST
At an investors' meeting, the Adani Group management outlined a strong FY24 operating performance -- a 27 per cent compound annual growth rate (CAGR) for five years -- and a significantly improved leverage profile across businesses.
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Alyve Health Secures USD 5.5 Million in Series A Funding to Fuel Expansion
Updated : 1 year, 9 months ago IST
Mumbai (Maharashtra) [India], June 21: Alyve Health, India's fastest-growing health tech platform, announced a Series A funding round of USD 5.5 million. The investment round was led by Axilor Ventures and saw participation from 1Crowd Fund, an existing investor, as well as InHealth Ventures
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Influencer 'Goalorious' Hypes BlockDAG: USD 52.2M Presale Soars as Bitcoin
Updated : 1 year, 9 months ago IST
New Delhi [India], June 20: Amidst the backdrop of increased activity by Bitcoin miners and anticipation of an XRP bull run, what distinguishes BlockDAG from other contenders is the cutting-edge innovations and strategic advancements. These technological innovations, as recently highlighted
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ADB sanctions USD 170 mn loan to reinforce India's health infrastructure f
Updated : 1 year, 9 months ago IST
According to ADB, the loan, part of the Strengthened and Measurable Actions for Resilient and Transformative Health Systems (SMART Health) Subprogram 1, is designed to support the Indian government's National Health Policy 2017.
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