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Economy

May 24, 2024 2:42 PM

Google to manufacture Pixel Phones in Tamil Nadu, says CM MK Stalin

Tamil Nadu Chief Minister M.K. Stalin announced on Friday that Google will soon commence local production of its flagship Pixel smartphones in the state. The manufacturing facility will be set up near Chennai in collaboration with Foxconn, a leading ...

May 24, 2024 2:21 PM

Good governance necessary for restoring public trust in Bangladesh’s Banks: CPD

Public trust in the banking sector of Bangladesh has been eroded due to the continuous deterioration in its health and inadequate measures by policymakers, said Dr Fahmida Khatun, executive director of Center for Policy Dialogue (CPD). She pinpointed...

May 24, 2024 10:53 AM

Nifty-Sensex continue to rally, election result uncertainty reducing rapidly

Indian indices Nifty and Sensex opened flat on Friday, near the record closing of the previous day. The Nifty Index opened at 22,930 points, very close to the 23,000 mark. The Sensex also sustained Thursday's rally and opened near 75,335, close to th...

May 23, 2024 7:34 PM

South Korea unveils $19 bln package to compete in global chip ‘warfare’

South Korea announced on Thursday (May 23) a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid 'all-out warfare' in the global semiconductor...

May 23, 2024 5:06 PM

Sensex-Nifty touch all-time high as PM Modi predicts historic win for BJP alliance

The consistent bull run in Indian stock indices - Sensex and Nifty -- continued through Thursday, and touched fresh highs yet again, reacting to Prime Minister Narendra Modi's assertion that BJP-led alliance is on track to form the government for a r...

May 23, 2024 2:09 PM

“Reforms created robust financial system, every Indian can participate in stock market,” says PM Modi

Prime Minister Narendra Modi has asserted that the BJP is on track to form the government for a record third term and the victory of the party will also result in record numbers on the country's stock exchange market. "I can say with confidence that...

May 22, 2024 5:25 PM

UAE honours Indian Embassy, Consulate at MoFA Excellence Awards

India's diplomatic missions in the UAE were recognized for their outstanding work at the 5th Minister of Foreign Affairs Excellence Awards ceremony held under the patronage of Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs of th...

May 22, 2024 4:17 PM

US announces details on higher China tariffs, some to start Aug. 1

The U.S. Trade Representative's office on Wednesday said some of the steep tariff increases on an array of Chinese imports including electric vehicle batteries, computer chips and medical products will take effect on August 1. President Joe Biden wi...

May 22, 2024 3:47 PM

Citing lack of stability, RBI cautions retail investors against investing in cryptocurrencies

The Reserve Bank of India (RBI) has urged retail investors to exercise caution while investing in cryptocurrencies, warning that the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity. In its monthly bulletin r...

May 22, 2024 3:07 PM

Global stocks slip on inflation jitters

Share markets fell on Wednesday as stronger-than-expected inflation in Britain offset investor hopes that AI-heavyweight Nvidia could meet sky-high expectations, with the market also waiting for possible clues on when the U.S. Federal Reserve will be...

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