SINGAPORE – The U.S. dollar started the week on the front foot, boosted by defensive buying as investors remained on edge following a spike in COVID-19 cases in some cities in China that prompted officials to tighten restrictions. China’s capital Beijing reported two COVID-19 deaths for Nov. 20, with the city’s most populous district urging… Continue reading Dollar edges higher as China COVID worries spur defensive buying
Author: Economic Times of India Online News
Google Maps to soon bring AR-based search with Live View
Washington [US]: Tech conglomerate Google first revealed an augmented reality-based Live View search feature for Maps back in September, and the company is now prepared to roll out the upgrade. According to GSM Arena, the new functionality, however, will be made available in select cities starting with Los Angeles, London, New York, Paris, San Francisco… Continue reading Google Maps to soon bring AR-based search with Live View
Deloitte expects India to post 6.5-7.1 pc growth in current fiscal
New Delhi: India is likely to post a 6.5 per cent to 7.1 per cent economic growth during the current financial year 2022-23 amid rising inflation and impending global slowdown, Deloitte India said in a report. The persistent inflation has challenged policymakers over the past few months. Despite the Reserve Bank of India (RBI) raising… Continue reading Deloitte expects India to post 6.5-7.1 pc growth in current fiscal
No prospect of recession in India, economy to grow 6-7 pc in next fiscal: Rajiv Kumar
New Delhi: India will still grow at 6-7 per cent in the next 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said amid growing fears of the world slipping into a recession. Kumar further said there is a synchronized downturn in the US,… Continue reading No prospect of recession in India, economy to grow 6-7 pc in next fiscal: Rajiv Kumar
PM GatiShakti: Over 250 infra projects examined by NPG since Oct 2021
Over 1,500 layers of data including land, ports, forest, and highways are available on the portal. Over 250 critical infrastructure projects of different ministries including rail, road and ports have been examined and recommended by the Network Planning Group (NPG), constituted under the PM GatiShakti initiative, since last October, a commerce and industry ministry official… Continue reading PM GatiShakti: Over 250 infra projects examined by NPG since Oct 2021
COP27 ends with historic decision on damage fund, little progress on other issues
While the UN climate summit in Egypt concluded with a landmark decision to establish a fund to address loss and damage, the outcome on other crucial issues like phaseout of all fossil fuels reflected little progress when compared to the deal struck a year ago in Scotland. The hope at COP27 was to include a… Continue reading COP27 ends with historic decision on damage fund, little progress on other issues
FPIs invest Rs 30,385 cr in Indian equities in Nov so far
New Delhi: Foreign investors have been aggressively buying Indian equities in November, investing Rs 30,385 crore this month so far, on stabilisation in rupee and resilience of the domestic economy compared to global counterparts. However, going forward, buying by Foreign Portfolio Investors (FPIs) is unlikely to turn very aggressive as high valuations in India are… Continue reading FPIs invest Rs 30,385 cr in Indian equities in Nov so far
World Economic Forum looking at solutions from India to help accelerate decarbonisation
The World Economic Forum (WEF) is looking at solutions from India to help accelerate decarbonisation worldwide as the focus is to try and bring the best practices from wherever they are to everyone else, according to a senior executive. “What India has done with the acceleration of renewables, deployment of new renewables is quite outstanding.… Continue reading World Economic Forum looking at solutions from India to help accelerate decarbonisation
Germany plans to tighten rules for firms highly dependent on China
BERLIN – Germany’s foreign ministry plans to tighten the rules for companies deeply exposed to China, making them disclose more information and possibly conduct stress tests for geopolitical risks, a confidential draft document seen by Reuters said. The proposed measures are part of a new business strategy towards China being drawn up by Chancellor Olaf… Continue reading Germany plans to tighten rules for firms highly dependent on China
Jio-bp dealers seek changes to Co’s policies, form association
Jio-bp fuel retailers in the west and the south have formed associations. Dealers of Jio-bp have formed associations to voice their protest against policies of the fuel marketing joint venture between Reliance Industries and British oil and gas major BP Plc that they claimed are plunging their fuel retailing business into losses. Reliance Industries (RIL)… Continue reading Jio-bp dealers seek changes to Co’s policies, form association