News

Japan leads Asia stock rally, dollar gains after blowout US payrolls  Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of a recession and spurred a sharp paring of rate-cut bets. Short-term U.S. Treasury yields rose after the closely watched non-farm payrolls report on Friday showed the economy unexpectedly added the most jobs in six months in September. Crude oil prices eased from a one-month peak even as Israel bombed targets in Lebanon and the Gaza Strip, with ...
Japan leads Asia stock rally, dollar gains after blowout US payrolls
Japan leads Asia stock rally, dollar gains after blowout US payrolls
Source: Reuters
2024-10-07 08:48:11 am
Over 60 pc of South Korea`s automotive exports shipped to North America Over 60 per cent of South Korea's automotive exports throughout most of 2024 have been shipped to North America, industry data showed on Sunday, raising calls for companies to consider more balanced global export strategies.  According to industry data, exports of the five automotive firms with manufacturing bases in South Korea -- Hyundai Motor, Kia, GM Korea, KG Mobility and Renault Korea Motors -- totalled 1,857,111 units during the January-August period, reports Yonhap news ag...
Over 60 pc of South Korea`s automotive exports shipped to North America
Over 60 pc of South Korea`s automotive exports shipped to North America
Source: IANS
2024-10-06 10:35:04 am
Samsung shares future business, research plans on AI in US Samsung Electronics said on Sunday it hosted a technology forum in Silicon Valley in the United States, bringing together experts in artificial intelligence (AI) technology to share the company's key business and research developments in the field.  At the company's '2024 Tech Forum' hosted by Samsung Research America in the Silicon Valley, senior managers from various Samsung business and divisions offered insights into their respective operations and research related...
Samsung shares future business, research plans on AI in US
Samsung shares future business, research plans on AI in US
Source: IANS
2024-10-06 09:37:24 am
Daily stock trading volume dips to lowest in September in South Korea The daily stock trading volume fell to the lowest of the year last month in South Korea as worsening market conditions spooked investors, data showed on Saturday.  The average daily trading volume of listed shares came to 16.67 trillion won ($12.36 billion) in September, the lowest since the start of the year, according to the data from the Korea Exchange, operator of South Korea's main bourse. The reading also marks an 8 per cent decline from 18.2 trillion won the previous mon...
Daily stock trading volume dips to lowest in September in South Korea
Daily stock trading volume dips to lowest in September in South Korea
Source: IANS
2024-10-05 09:54:03 am
Kenya Airways urges consolidation of African airlines to cut intra-continental travel costs Kenya Airways, the country's flag carrier, said that the consolidation of airlines on the continent will help reduce the cost of intra-African air travel.  Allan Kilavuka, chief executive officer of Kenya Airways, said on Friday in the Kenyan capital of Nairobi that travel within Africa costs more than double for similar distances in other regions of the Americas, Europe, and Asia, reports Xinhua news agency. "Africa has many small national airlines which are competing in ...
Kenya Airways urges consolidation of African airlines to cut intra-continental travel costs
Kenya Airways urges consolidation of African airlines to cut intra-continental travel costs
Source: IANS
2024-10-05 09:39:30 am
Essar Energy Transition welcomes UK government's backing of HPP1 project  Essar Energy Transition (EET) welcomed Friday's announcement by the UK government confirming its support of the HyNet cluster.  EET Hydrogen, a division of EET, is developing the first large-scale, low-carbon hydrogen production hub in the UK at its site in Stanlow. This hub will produce 1,350 MW of hydrogen capacity in total and capture around 2.5 million tonnes of carbon per annum - equivalent to taking 1.1 million cars off the roads. The EET Hydrogen hub will enable re...
Essar Energy Transition welcomes UK government's backing of HPP1 project
Essar Energy Transition welcomes UK government's backing of HPP1 project
Source: IANS
2024-10-05 09:22:07 am
BEYOBO, with Rs.1 Crore PAT in September, Ready to Export to 200+ Countries BEYOBO, the trailblazing cross-border commerce platform, has grown from its humble beginnings in 2019 with Rs.5 lakh revenue to achieving Rs.33 crore GMV and Rs.1 crore PAT in September 2024, validated by consultant CA Gaurav Gupta. Focused on intelligent marketing and enabling global brand commerce across Borders, BEYOBO is now leading the charge to take thousands of Indian D2C brands to over 200 countries, starting with the UAE and USA.   Not only that, BEYOBO has successfully co...
BEYOBO, with Rs.1 Crore PAT in September, Ready to Export to 200+ Countries
BEYOBO, with Rs.1 Crore PAT in September, Ready to Export to 200+ Countries
Source: PR Agency
2024-10-04 05:31:59 pm
Samsung begins mass production of industry-leading SSD for AI computers Samsung Electronics said on Friday that it has begun mass production of its latest industry-leading solid-state drive (SSD) product, optimal for usage in powerful artificial intelligence personal computers.  Samsung said the PM9E1 SSD, which boasts the industry's highest performance and largest capacity, is built on its in-house 5-nanometer-based controller and eighth-generation V-NAND technology. According to the company, the PM9E1 will provide powerful performance and enhance...
Samsung begins mass production of industry-leading SSD for AI computers
Samsung begins mass production of industry-leading SSD for AI computers
Source: IANS
2024-10-04 09:41:32 am
India, Nepal, Bangladesh ink pact to facilitate cross-border electricity trade In the first such cross-border energy trade pact, a long-awaited tripartite power sales agreement (PSA) among India, Nepal and Bangladesh was signed on Thursday here.  As part of the tripartite agreement, Nepal will export 40 MW electricity to Bangladesh via the Indian grid in the first phase -- from June 15 to November 15. India will make arrangements to supply electricity from Nepal to Bangladesh, it was announced during the meeting. The tripartite PSA was signed between the N...
India, Nepal, Bangladesh ink pact to facilitate cross-border electricity trade
India, Nepal, Bangladesh ink pact to facilitate cross-border electricity trade
Source: IANS
2024-10-04 09:03:25 am
India, US ink pact on critical minerals: Commerce Minister Piyush Goyal  Union Minister of Commerce and Industry Piyush Goyal has announced that India and the US have signed a memorandum of understanding (MoU) on critical minerals that will pave the way for cooperation between the Indian Ministry of Mines with its US counterpart to secure the supply chains in these materials that are critical to the production of clean energy technologies and equipment. The MoU will also pave the way for the two countries to launch joint projects in a third country and se...
India, US ink pact on critical minerals: Commerce Minister Piyush Goyal
India, US ink pact on critical minerals: Commerce Minister Piyush Goyal
Source: IANS
2024-10-04 08:47:00 am
EET Fuels agrees on $650 million financing facilities EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. EET Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low-carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Indus...
EET Fuels agrees on $650 million financing facilities
EET Fuels agrees on $650 million financing facilities
Source: IANS
2024-10-03 06:12:25 pm
CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countrie CareEdge Global IFSC Ltd, a subsidiary of CARE Ratings Ltd, one of India’s leading credit rating agencies, has today unveiled its report on Sovereign Ratings of Global Economies, assigning sovereign ratings to 39 countries. The rating agency has assigned long term foreign currency (LTFC) rating of CareEdge BBB+ to India. With this, CareEdge has become the first Indian credit rating agency to enter the Global Scale Ratings space, through its subsidiary, CareEdge Global IFSC Limited. &...
CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countrie
CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countrie
Source: PR Agency
2024-10-03 05:24:53 pm
From AI to DPI, Google unveils new initiatives for India market Tech giant Google on Thursday announced several key initiatives for the India market, including an open-source ‘AI Agent Framework,’ more local data storage options, a digital public infrastructure (DPI) model, clean energy partnerships and a new Google Safety Engineering Center (GSEC) in the country next year.  Roma Datta Chobey, Managing Director, Google India, said that as India embraces tech more deeply, Google’s engagement with the country too has deepened over ...
From AI to DPI, Google unveils new initiatives for India market
From AI to DPI, Google unveils new initiatives for India market
Source: IANS
2024-10-03 03:41:47 pm
Singapore`s private economy expands for 19 consecutive months The seasonally adjusted S&P Global Singapore Purchasing Managers' Index (PMI) was 56.6 in September, marking a continued improvement in private business conditions for 19 straight months, the S&P Global said Thursday.  It added that the growth rate eased to a three-month low but remained marked, Xinhua news agency reported. The accumulation rate was the most pronounced in eight months, partly due to supply constraints. Inventory levels also declined amid a worsening of ...
Singapore`s private economy expands for 19 consecutive months
Singapore`s private economy expands for 19 consecutive months
Source: IANS
2024-10-03 11:44:09 am
Toyota to infuse additional $500 million in Joby Aviation for electric air taxis Toyota Motor on Wednesday said it will invest an additional $500 million in US-based Joby Aviation, a company developing electric air taxis for commercial passenger service.  This brings total investment from Toyota in Joby to $894 million to date. The additional investment will support the certification and commercial production of Joby's electric air taxi, with the aim of realising their shared vision of air mobility. The investment will be made in two equal tranches, with...
Toyota to infuse additional $500 million in Joby Aviation for electric air taxis
Toyota to infuse additional $500 million in Joby Aviation for electric air taxis
Source: IANS
2024-10-03 08:55:22 am
Tesla sales jump in July-September, yet to disclose Cybertruck figures  Elon Musk-run Tesla on Wednesday reported the production of approximately 469,796 vehicles in its third quarter (July-September period), showing a jump of 9.1 per cent (year-on-year).  The EV company said it delivered about 462,890 vehicles to customers during Q3, a 6.3 per cent jump from the same quarter last year, and deployed 6.9 GWh of energy storage products. Tesla's production was up 14.4 per cent as compared to the second quarter of 2024, while delivery increased 5...
Tesla sales jump in July-September, yet to disclose Cybertruck figures
Tesla sales jump in July-September, yet to disclose Cybertruck figures
Source: IANS
2024-10-03 08:49:28 am
CEO Forum: India, US reaffirm commitment to expanding bilateral commerce, trade  Minister of Commerce and Industry Piyush Goyal and his US counterpart Gina Raimondo co-chaired the 6th meeting of the US-India CEO Forum, which is the highest platform for discussing trade and commerce between the two countries.  Government representatives of the two countries and the Forum members, during the meeting hosted on Wednesday by the US, "reaffirmed their commitment to expanding bilateral commerce and trade, driving inclusive economic growth and innovation, and f...
CEO Forum: India, US reaffirm commitment to expanding bilateral commerce, trade
CEO Forum: India, US reaffirm commitment to expanding bilateral commerce, trade
Source: IANS
2024-10-03 08:43:38 am
World Bank expects 5.1 pc growth for Nepal The World Bank on Wednesday projected a growth of 5.1 per cent for Nepal in the current 2024-25 fiscal year starting in mid-July, below the Nepali government's 6 per cent target.  Growing tourist arrivals, more hydropower generation and expected growth in paddy production shall contribute more to Nepal's gross domestic product, the bank said in its Nepal Development Update report. The South Asian country achieved a growth of 3.9 per cent in 2023-24, noted the international ...
World Bank expects 5.1 pc growth for Nepal
World Bank expects 5.1 pc growth for Nepal
Source: IANS
2024-10-02 05:24:58 pm
Tokyo stocks fall over Wall Street declines, Middle East conflict concerns Tokyo stocks dropped on Wednesday, tracking overnight declines in the US and fueled by concerns over the widening regional conflict in the Middle East.  Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, lost 2.18 per cent, or 843.21 points, to close at 37,808.76, Xinhua news agency reported. The drop followed the decline in the US market, driven by escalating tensions in the Middle East, which led to widespread risk-averse selling. The US market react...
Tokyo stocks fall over Wall Street declines, Middle East conflict concerns
Tokyo stocks fall over Wall Street declines, Middle East conflict concerns
Source: IANS
2024-10-02 04:39:07 pm
French PM outlines policies on national priorities French Prime Minister Michel Barnier delivered a comprehensive one-and-a-half-hour speech in the National Assembly, detailing his government's key priorities including public deficit reduction, immigration reform, and retirement policies.  Barnier set an ambitious target for France's public deficit, aiming to reduce it to 5 per cent of its gross domestic product (GDP) in 2025 from this year's 6 per cent and further to 3 per cent in 2029, Xinhua news agency reported. To ...
French PM outlines policies on national priorities
French PM outlines policies on national priorities
Source: IANS
2024-10-02 10:35:42 am
Thailand`s manufacturing sector expanded at slower rate in September  Thailand's manufacturing sector maintained its upturn in September but expanded at a slower rate due to lower increases in output and new orders, a survey showed on Tuesday.  The Southeast Asian country's manufacturing purchasing managers' index (PMI) was recorded at 50.4 last month, easing from 52.0 in August, signalling an overall improvement in manufacturing sector performance and marking the slowest growth in four months, according to S&P Global. A PMI...
Thailand`s manufacturing sector expanded at slower rate in September
Thailand`s manufacturing sector expanded at slower rate in September
Source: IANS
2024-10-02 08:38:11 am
US now has 5,388 data centres globally, India set for next boom As rising cloud and AI adoption trigger demand for more data centres, the United States currently leads with 5,388 data centres globally, 10 times more than China and most European countries, data showed on Tuesday, as India gears up for a data centre boom.  As per data presented by Stocklytics.com, the US constitutes 70 per cent more than the next 10 largest data centre markets combined. Germany at second spot has 520 data centres and the UK is third with 512 such facilities. Chin...
US now has 5,388 data centres globally, India set for next boom
US now has 5,388 data centres globally, India set for next boom
Source: IANS
2024-10-01 02:24:07 pm
Tokyo stocks rise over weaker yen, US gains Tokyo stocks gained ground on Tuesday following a plunge on the previous day as bargain hunters targeted the dip, pushing up the index.  Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, gained 1.93 per cent, or 732.42 points, to close at 38,651.97. The market was also buoyed by a weakening yen, with the yen trading at around 144 per dollar, as well as gains on Wall Street, reports Xinhua news agency. Despite the rebound, concerns over the new governm...
Tokyo stocks rise over weaker yen, US gains
Tokyo stocks rise over weaker yen, US gains
Source: IANS
2024-10-01 02:21:46 pm
Qatar Airways to buy minority stake in Virgin Australia Qatar Airways has reached a deal to buy a minority stake in Australia's second-largest airline, Virgin Australia.  Virgin Australia announced on Tuesday that Qatar Airways will acquire a 25 per cent equity stake in the airline from its owner, Bain Capital, pending approval by the government's Foreign Investment Review Board. Under the proposed deal, Virgin Australia plans to launch flights from Sydney, Melbourne, Brisbane and Perth to Doha, reports Xinhua news agency. Ja...
Qatar Airways to buy minority stake in Virgin Australia
Qatar Airways to buy minority stake in Virgin Australia
Source: IANS
2024-10-01 02:13:45 pm
Nigeria secures fresh $1.57 billion loan from World Bank Nigeria has freshly secured up to $1.57 billion in financing from the World Bank to strengthen human capital through better health for women, children, and adolescents while building resilience to the effects of climate change.   The new loan includes some $500 million to address the governance issues that constrain education and health, $570 million to strengthen primary health care, and another $500 million for the Sustainable Power and Irrigation for Nigeria (SPIN) project, Ndiame ...
Nigeria secures fresh $1.57 billion loan from World Bank
Nigeria secures fresh $1.57 billion loan from World Bank
Source: IANS
2024-10-01 12:23:46 pm
Uzbek President highlights priorities for expanding partnership with World Bank Uzbek President Shavkat Mirziyoyev met with Antonella Bassani, Vice President of the Europe and Central Asia Region at the World Bank, highlighting the priorities for expanding partnership, the President's press service reported.  The report discussed issues regarding the further expansion of strategic cooperation with the World Bank Group and support from the leading international financial institution for the reform program in Uzbekistan, according to Xinhua news agency. It w...
Uzbek President highlights priorities for expanding partnership with World Bank
Uzbek President highlights priorities for expanding partnership with World Bank
Source: IANS
2024-10-01 11:20:44 am
Japan`s key stock index plunges after ruling party election Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, plunged more than 4 per cent on Monday after former Defence Minister Shigeru Ishiba was elected head of the ruling Liberal Democratic Party.  The sharp decline saw the index dive more than 4.6 per cent at one point as Ishiba has shown a positive stance towards increasing taxes on financial income and corporate taxes, raising concerns about his economic policies in the stock market and leading to a wave of se...
Japan`s key stock index plunges after ruling party election
Japan`s key stock index plunges after ruling party election
Source: IANS
2024-09-30 12:00:08 pm
Hyundai Motor reach 100 mn units in cumulative production globally  Hyundai Motor on Monday reached a major milestone of 100 million units in global cumulative production, an achievement accomplished in 57 years since the company's foundation, the automaker said.  In celebration of the achievement, Hyundai Motor held a ceremony at its plant in Ulsan, some 300 kms southeast of Seoul, where the company produced South Korea's first mass-produced independent model, the Pony, in 1975. The company said it delivered its 100 millionth and fir...
Hyundai Motor reach 100 mn units in cumulative production globally
Hyundai Motor reach 100 mn units in cumulative production globally
Source: IANS
2024-09-30 09:48:14 am
Deepfakes: South Korea says `significant progress` in talks with Telegram The South Korean state telecommunications watchdog on Sunday noted "significant progress" in its recent talks with Telegram over the handling of deepfake content on the encrypted messaging app.  The Korea Communications Standards Commission (KCSC) added that its chairman, Ryu Hee-lim, is scheduled to announce the results of those talks with Telegram on Monday, reports Yonhap news agency. "We met with Telegram's top security officer and others in a third country o...
Deepfakes: South Korea says `significant progress` in talks with Telegram
Deepfakes: South Korea says `significant progress` in talks with Telegram
Source: IANS
2024-09-30 08:47:12 am
South Korea, Britain launch new dialogue platform for economic ties South Korea and Britain have launched a new high-level dialogue channel meant to discuss ways of stronger cooperation on a wide range of economic and financial issues, finance ministry said on Sunday.  The inaugural meeting of the bilateral economic and financial dialogue took place in London on Thursday, according to the Ministry of Economy and Finance, adding South Korean Deputy Finance Minister Choi Ji-young and Lindsey Whyte, the director general of Britain's HM Treasury, were...
South Korea, Britain launch new dialogue platform for economic ties
South Korea, Britain launch new dialogue platform for economic ties
Source: IANS
2024-09-29 09:34:01 am
India signs global ocean treaty to protect marine biodiversity on high seas India has signed Biodiversity Beyond National Jurisdiction (BBNJ) -- an international agreement to protect marine biodiversity on the high seas, External Affairs Minister Dr. S. Jaishankar informed.  Jaishankar signed the BBNJ agreement at the UN Headquarters in New York. “Signed the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement today at the UN HQ,” he informed in a social media post on X. “India is proud to join the BBNJ Agreement, an important st...
India signs global ocean treaty to protect marine biodiversity on high seas
India signs global ocean treaty to protect marine biodiversity on high seas
Source: IANS
2024-09-28 01:45:21 pm
UBS in talks on Indian minority-owned wealth joint venture, say sources UBS is in talks to form an Indian wealth management joint venture with Mumbai-based 360 One WAM, two sources with direct knowledge of the matter told Reuters. The joint venture would help the Swiss bank to expand its Indian wealth business to 'high net worth individuals' from its existing focus on 'ultra high net worth individuals', they said. India's wealth management sector is being driven by rapid economic growth and a domestic market rally. It was worth $429.1 bi...
UBS in talks on Indian minority-owned wealth joint venture, say sources
UBS in talks on Indian minority-owned wealth joint venture, say sources
Source: Reuters
2024-09-27 04:45:20 pm
Tokyo stocks extend gains amid Japan`s ruling party election Tokyo stocks continued their upward trend on Friday as the country's ruling party held an election for a new leader to succeed outgoing Fumio Kishida.  Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, jumped 2.32 per cent, or 903.93 points, to close at 39,829.56, marking the first time in almost two months to surpass the 39,000 threshold, Xinhua news agency reported. Lawmakers from Japan's ruling Liberal Democratic Party (LDP) started voting for...
Tokyo stocks extend gains amid Japan`s ruling party election
Tokyo stocks extend gains amid Japan`s ruling party election
Source: IANS
2024-09-27 04:42:25 pm
Asian Development Bank approves $37.5 million grant to Nauru The Asian Development Bank (ADB) on Friday said it has approved a grant of $37.5 million to boost urban services in Nauru.  The Sustainable and Resilient Urban Development Project is funded by the Asian Development Fund, which provides grants to the ADB's poorest and most vulnerable developing members. The government of Nauru also contributes $2.3 million, Xinhua news agency reported. "Increasing exposure to natural hazards and poor access to reliable water supply and s...
Asian Development Bank approves $37.5 million grant to Nauru
Asian Development Bank approves $37.5 million grant to Nauru
Source: IANS
2024-09-27 02:11:18 pm
Cisco inaugurates its 1st manufacturing facility in India, eyes $1.3 bn annual revenue  Global networking giant Cisco on Friday inaugurated its first manufacturing facility in India, that will help the company generate more than $1.3 billion annual revenue in combined exports and domestic production, along with creating 1,200 jobs.  Cisco has collaborated with homegrown contract manufacturer Flex to successfully build the facility and bring advanced telecom technology that can help connect citizens in India and globally. “The inauguration of the Cisco&rsqu...
Cisco inaugurates its 1st manufacturing facility in India, eyes $1.3 bn annual revenue
Cisco inaugurates its 1st manufacturing facility in India, eyes $1.3 bn annual revenue
Source: IANS
2024-09-27 01:45:18 pm
Cambodia expects nearly 6 million international tourists in 2024: PM Hun Manet  Cambodia is expected to attract nearly 6 million international tourists in 2024, up from 5.45 million in 2023. The Southeast Asian nation received 3.75 million foreign visitors in the first seven months of this year, up by 23.2 per cent compared to the same period last year, a Ministry of Tourism report said, adding that Thailand, Vietnam and China were the biggest sources of tourists to the kingdom, Prime Minister Hun Manet said on Thursday. "Based on this figure, we hope to...
Cambodia expects nearly 6 million international tourists in 2024: PM Hun Manet
Cambodia expects nearly 6 million international tourists in 2024: PM Hun Manet
Source: IANS
2024-09-27 11:32:45 am
Automaker Kia completes first EV-only manufacturing plant Automaker Kia said on Friday it has completed building Hyundai Motor Group's first manufacturing facility dedicated solely to electric vehicles, which boasts an annual capacity of producing 150,000 units.  Kia held a ceremony for the Kia Gwangmyeong EVO Plant, located at Kia Autoland in Gwangmyeong, just south of Seoul, which is tasked with mass producing Kia's new EV3 model and the upcoming EV4 model. Kia invested 401.6 billion won ($304.2 million) in the 60,000 square-met...
Automaker Kia completes first EV-only manufacturing plant
Automaker Kia completes first EV-only manufacturing plant
Source: IANS
2024-09-27 10:03:01 am
China stocks set for best week since 2008; Japan leadership contest in focus Chinese stocks are headed for the best week since 2008 as Beijing rolled out a huge stimulus package to revive the economy, lifting Asian shares to 2-1/2-year highs, while a sharp fall in oil prices bodes well for disinflation globally. The yen retreated to three-week lows ahead of a leadership contest of Japan's ruling Liberal Democratic Party on Friday, as investors looked to gauge what it could mean for the country's rate hike path. In the United States, the core personal con...
China stocks set for best week since 2008; Japan leadership contest in focus
China stocks set for best week since 2008; Japan leadership contest in focus
Source: Reuters
2024-09-27 08:22:02 am
UAE, Switzerland, Japan expressed interest in Rising Rajasthan: Rajyavardhan Singh Rathore With the aim to bring in investments from different parts of the world, the Rajasthan government announced the ‘Rising Rajasthan Investment Summit’ in its first year of government formation and has been going across nations to invite investors to the state.  Ensuring that things don’t die down and get implemented on the ground, the Rajasthan government is inviting investors to this landlocked state, which is well-connected by rail, road and air. IANS spoke exclusi...
UAE, Switzerland, Japan expressed interest in Rising Rajasthan: Rajyavardhan Singh Rathore
UAE, Switzerland, Japan expressed interest in Rising Rajasthan: Rajyavardhan Singh Rathore
Source: IANS
2024-09-26 06:08:54 pm
India's Saatvik Solar in talks with international lenders for expansion  India's Saatvik Solar is in talks with international lenders to fund its 22 billion rupees ($263 million) expansion plan over the next two years, its chief financial officer Abani Jha said on Thursday. The company, which owns 3.8 gigawatt (GW) solar modules capacity, plans to set up 2 GW solar cells manufacturing capability in the next two years, costing 20 billion rupees, he said. Saatvik Solar is in talks with international lenders such as French development agency Propar...
India's Saatvik Solar in talks with international lenders for expansion
India's Saatvik Solar in talks with international lenders for expansion
Source: Reuters
2024-09-26 05:43:35 pm
Hyundai Motor, Kia launch joint tech project for EV battery development  Hyundai Motor and Kia, South Korea's leading automotive companies, said on Thursday they have launched a joint project to develop cathode material technology for producing LFP (lithium iron phosphate) batteries for electric vehicles.  The joint project, also involving Hyundai Steel Co. and Ecopro BM, aims to develop a technology for synthesising materials directly without using precursors during the manufacturing of LFP battery cathodes, reports Yonhap news agency. Hyunda...
Hyundai Motor, Kia launch joint tech project for EV battery development
Hyundai Motor, Kia launch joint tech project for EV battery development
Source: IANS
2024-09-26 11:02:36 am
India to set up trade promotion office in Sydney: Piyush Goyal Union Commerce Minister Piyush Goyal on Wednesday announced the setting up of an office for trade promotion in Australia's Sydney as bilateral trade continues to surge between the two nations.  The trade promotion office, with representatives of Invest India, the NICDC, the ECGC, and other officials related to trade and tourism, along with the private sector represented by the CII, will act as a bridge between investors and businesses on both sides. Addressing a joint press con...
India to set up trade promotion office in Sydney: Piyush Goyal
India to set up trade promotion office in Sydney: Piyush Goyal
Source: IANS
2024-09-25 02:30:32 pm
South Korea aims to prevent illegal trading via stock short selling The government will publish detailed guidelines on stock short selling this week to help prevent people unintentionally engaging in illegal trading, the financial regulator said on Wednesday.  The guidelines will be made public on Thursday, while an English-version of the how-to instructions will be available from next month, according to the Financial Supervisory Service (FSS). "There has been a need to remove uncertainties over how the financial authorities interpret and app...
South Korea aims to prevent illegal trading via stock short selling
South Korea aims to prevent illegal trading via stock short selling
Source: IANS
2024-09-25 10:09:09 am
Gautam Adani, Bombardier CEO discuss `transformative partnerships` in aviation sector Gautam Adani, Chairman of the Adani Group, has held a high-level meeting with Eric Martel, CEO of Bombardier, and deliberated on “transformative partnerships” in the aviation sector.   In a post on social media platform X, on Wednesday, Gautam Adani informed that they will aim to harness synergies for a stronger, self-reliant India. “Powering India's aviation growth! Had a great discussion with @Bombardier CEO Eric Martel on transformative partnerships in A...
Gautam Adani, Bombardier CEO discuss `transformative partnerships` in aviation sector
Gautam Adani, Bombardier CEO discuss `transformative partnerships` in aviation sector
Source: IANS
2024-09-25 10:01:04 am
ADB, Bhutan sign loan agreement for solar power project The Asian Development Bank (ADB) said it has signed a US$30 million loan agreement with Bhutan to fund a solar power project.  The Distributed Solar for Public Infrastructure Project aims to generate up to 35 megawatts of solar power systems on rooftops of public infrastructure across the country, according to Xinhua news agency. According to the bank, energy security in Bhutan has become a growing concern because of rising electricity demand and insufficient power supply, particul...
ADB, Bhutan sign loan agreement for solar power project
ADB, Bhutan sign loan agreement for solar power project
Source: IANS
2024-09-25 09:33:56 am
JPMorgan to keep growing its operations in India amid robust growth  Bullish on India amid robust growth and positive investment sentiment, American financial services major JPMorgan Chase & Co intends to keep growing its operations in the country.  According to JPMorgan CEO Jamie Dimon, there is a substantial opportunity for the fastest-growing economy in the world from the shift in supply chains from China, though the transition will take several years. Meanwhile, the country needs to further build its manufacturing ecosystem and ensure ...
JPMorgan to keep growing its operations in India amid robust growth
JPMorgan to keep growing its operations in India amid robust growth
Source: IANS
2024-09-24 03:57:17 pm
India-UAE bilateral trade set to surpass $100 billion target before 2030  The bilateral trade between India and the United Arab Emirates (UAE) is on track to surpass the $100 billion target well before 2030, underscored by a notable 12.7 per cent (year-on-year) increase, according to a report on Tuesday.  The UAE remains India's third-largest trading partner and second-largest export destination (FY2022-23). According to a report by Primus Partners, Bilateral trade reached $85 billion in FY 2022-23 and is expected to cross the 2030 target of $1...
India-UAE bilateral trade set to surpass $100 billion target before 2030
India-UAE bilateral trade set to surpass $100 billion target before 2030
Source: IANS
2024-09-24 02:10:19 pm
Laos to host ASEAN business, investment summit to boost regional economic integration  Laos will host the annual ASEAN Business and Investment Summit (ABIS) 2024 while chairing the Association of Southeast Asian Nations (ASEAN) in order to boost regional business and investment integration and networking with dialogue partners.  Representatives from the member states of the ASEAN and dialogue partners will participate in this summit, scheduled to take place in Lao capital Vientiane from October 8 to 11, Xinhua news agency said quoting a report in the local Pasaxon...
Laos to host ASEAN business, investment summit to boost regional economic integration
Laos to host ASEAN business, investment summit to boost regional economic integration
Source: IANS
2024-09-24 01:59:01 pm