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India’s insurance sector growth surpasses China, Thailand: McKinsey
Business

India’s insurance sector growth surpasses China, Thailand: McKinsey

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...
Indian economy to touch $7 trillion mark by 2031: Report
Business

Indian economy to touch $7 trillion mark by 2031: Report

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,...
Oil, gas firms fail to set strict targets to stop methane leaking: Report
Business

Oil, gas firms fail to set strict targets to stop methane leaking: Report

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...
Electronic toll collection in India soars to record Rs 6,115 crore in Oct
Business

Electronic toll collection in India soars to record Rs 6,115 crore in Oct

New Delhi, Nov 14: Electronic toll collection in the country soared to a record Rs 6,114.92 crore in October this year as economic activity surged during the festive month, according to the latest figures compiled by the government. The collection is the highest ever in a month since the compiling...
Global alliance of banks supports fossil fuel treaty at COP29
Business

Global alliance of banks supports fossil fuel treaty at COP29

Baku, Nov 14: As the UN climate conference (COP29) is underway in Baku in Azerbaijan, the Global Alliance for Banking on Values (GABV) on Thursday announced that 25 of its member banks have endorsed the Fossil Fuel Non-Proliferation Treaty initiative, marking the first collective endorsement of the...
Government efficiency
Business

Government efficiency 'czar' Musk to cut a lot of waste in US govt: Mark Mobius

New Delhi, Nov 13: With Elon Musk leading the new Department of Government Efficiency (DoGE) under Donald Trump’s presidency in the US, the tech billionaire will be able to cut down on a lot of waste in the US government, ace global investor Mark Mobius has said. Mobius said that as a “government...
South Korea to address Trump related uncertainties, upgrade FTAs
Business

South Korea to address Trump related uncertainties, upgrade FTAs

Seoul, Nov 13: South Korea will proactively address changes in the global trade environment ahead of the launch of the new US administration, while upgrading existing trade pacts with key partners to maintain upward momentum in exports, the industry ministry said on Wednesday. The Ministry of Trade,...
India’s infrastructure push to be among largest in 21st century: KPMG
Business

India’s infrastructure push to be among largest in 21st century: KPMG

New Delhi, Nov 13: India is likely to see implementation of one of the biggest infrastructure programmes in 21st century, amongst the largest economies and creating fiscal sources of capital would be key to this initiative, according to a KPMG report. “Steps to unlock foreign and domestic capital...
India’s solar product exports record over 20-fold jump to $2 bn in last 2 years
Business

India’s solar product exports record over 20-fold jump to $2 bn in last 2 years

New Delhi, Nov 12: India’s exports of solar photovoltaic (PV) products surged 23 times to $2 billion in the fiscal year (FY) 2024 from FY22, according to a new report. This marks a significant progress in India transitioning from a net importer to a net exporter of solar products, according to a...
India’s net direct tax collections surge 15.4 pc to Rs 12.1 lakh crore in April-Nov
Business

India’s net direct tax collections surge 15.4 pc to Rs 12.1 lakh crore in...

New Delhi, Nov 12: India’s net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the Central Board of Direct...
Bitcoin may touch $100,000 by January end after Donald Trump takes office
Business

Bitcoin may touch $100,000 by January end after Donald Trump takes office

New Delhi, Nov 12: World’s biggest cryptocurrency Bitcoin is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations. On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent...
Trump’s return likely to bolster India’s textile trade with US: Industry
Business

Trump’s return likely to bolster India’s textile trade with US: Industry

New Delhi, Nov 11: The Confederation of Indian Textile Industry (CITI) on Monday said the return of Donald Trump as the next US President will bolster India's textile and apparel trade with its largest international market. In 2023, the US accounted for approximately 27 per cent of India’s total...
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