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Business
On World Fisheries Day, new schemes to be launched to push growth
20 Nov 2024 9:01 AM GMT
New Delhi, Nov 20: The Centre's Department of Fisheries will celebrate World Fisheries Day (WFD) on Thursday, recognising the role and contribution of fisherfolk, and fish farmers in the overall growth of the sector, and demonstrating solidarity with all stakeholders throughout the world, according...
Business
Share market shut for trading on account of Maharashtra election
20 Nov 2024 8:36 AM GMT
Mumbai, Nov 20: The Indian stock market was shut on Wednesday due to Maharashtra assembly elections. It lost spectacular gains after witnessing a tremendous surge on Tuesday amid fresh Russia-Ukraine tensions. All segments, including equity, derivative and securities lending and borrowing (SLB) will...
Business
Tata Motors launches its first AMT truck in Saudi Arabia
19 Nov 2024 7:12 AM GMT
Dammam, Nov 19: Tata Motors on Tuesday announced the launch of its first automated manual transmission (AMT) truck, the Tata Prima 4440.S AMT, in the Kingdom of Saudi Arabia. Tata Motors also showcased five of its high-performance products at the Heavy Equipment and Trucks (HEAT) Show in Dammam,...
Business
Italy's Enel unveils 43-billion-euro plan to increase renewable energy...
19 Nov 2024 7:13 AM GMT
Rome, Nov 19: Italian energy group Enel announced a plan to spend around 43 billion euros ($45.6 billion) over the next three years, mostly to improve energy grid efficiency and boost renewable energy production. In a statement, Enel said it would spend a total of 26 billion euros to improve and...
Business
Swiggy has let its leadership slip away, says MOFSL with ‘Neutral’ rating
19 Nov 2024 6:52 AM GMT
Mumbai, Nov 19: Despite being an innovator and a category inventor across both food delivery and quick commerce, Swiggy has let its leadership slip away, Motilal Oswal Financial Services Ltd (MOFSL) said on Tuesday, as it initiated coverage with a 'Neutral' rating on the stock. In a note, the...
Business
Israel's economy sees recovery with 3.8 per cent growth
18 Nov 2024 9:36 AM GMT
Jerusalem, Nov 18: Israel's economy grew at a faster pace in the third quarter of 2024, with its gross domestic product (GDP) rising by an annualised 3.8 per cent, the Central Bureau of Statistics said in an initial estimate. For the second quarter of 2024, the bureau revised the GDP growth to 0.7...
Business
Electronics, engineering, agricultural goods propel India's export growth:...
18 Nov 2024 9:34 AM GMT
New Delhi, Nov 18: India's core group exports surged 27.7 per cent in October with growth being particularly strong in categories such as engineering goods, electronic goods, chemicals, textiles, marine products and rice, according to a CRISIL report released on Monday. Growth improved for key core...
Business
India insulated among emerging markets to Trump’s proposed tariffs: CLSA’s...
18 Nov 2024 9:32 AM GMT
Mumbai, Nov 18: Among the emerging markets (EMs), India has the "least sensitivity" to US President elect Donald Trump’s proposed tariffs and higher interest rates, global brokerage CLSA's chief equity strategist Alexander Redman said on Monday. Redman, who spoke at the ‘27th CITIC CLSA India Forum...
Business
South Korean trade minister discusses supply chain at APEC CEO summit
15 Nov 2024 6:52 AM GMT
Seoul, Nov 15: Trade Minister Cheong In-kyo attended an economic event for business executives at the Asia-Pacific Economic Cooperation (APEC) summit in Peru, where he exchanged views on the global supply chain with other participants, his office said on Friday. Cheong also highlighted that his...
Business
India’s insurance sector growth surpasses China, Thailand: McKinsey
15 Nov 2024 6:47 AM GMT
New Delhi, Nov 15: India’s insurance sector clocked a robust 11 per cent compound annual growth rate to cross the $130 billion mark during FY2020-23, surpassing Asian peers China and Thailand, which grew at less than 5 per cent, according to a McKinsey report. The report titled 'Steering Indian...
Business
Indian economy to touch $7 trillion mark by 2031: Report
15 Nov 2024 6:42 AM GMT
New Delhi, Nov 15: The Indian economy is expected to clock a medium-term growth of 6.7 per cent on average between fiscal 2025 and 2031, and touch the $7 trillion mark, according to a report by rating agency CRISIL. This would be similar to the 6.6 per cent growth seen in the pre-pandemic decade,...
Business
Oil, gas firms fail to set strict targets to stop methane leaking: Report
14 Nov 2024 8:18 AM GMT
Baku, Nov 14: As the UN climate conference (COP29) is underway in Baku in Azerbaijan, oil and gas companies are exacerbating the climate crisis by failing to set strict targets to stop methane leaking into the atmosphere, while overall action to cut emissions globally remains weak at best and...
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