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Jio BlackRock to enter mutual fund industry
The JV marks the re-entry of BlackRock in the mutual fund industry as it exited India in 2018 after selling its 40% stake in a joint venture with DSP Group.
Samsung launches two foldable smartphones with bending screens.
As part of its bet on handsets with bendable screens, Samsung has introduced not one but two new foldable smartphones. The main displays on the phones measure between 6.7 and 7.6 inches, making them more capacious than the displays on…
IMF raises 2023 global economic outlook but predicts declining growth.
IMF nudges up 2023 global economic outlook but warns of slowing growth ahead. According to the International Monetary Fund's (IMF) most recent prediction, which was issued in April, the global growth forecast for this year was increased by…
US on ‘very narrow path’ to avoid recession: IMF chief economist
The IMF report also noted there are growing risks to China's economy following its post-pandemic reopening, especially in its troubled real estate sector.
Markets continue to correct after lifetime peaks
The market decline from historic highs continues. Additionally weighing on equities markets were inflows of foreign capital and crude oil prices that continued to trade at or above USD 80 per barrel.
Bain Capital acquires 90% of Adani Capital.
Bain Capital, a private investment firm, has purchased 90% of Adani Capital. Non-Convertible Debentures up to $50 million are also being made available to the corporation as soon as possible.
Transformation of Dharavi a colossal challenge: Gautam Adani
While I have no preconceived notions about redeveloping Dharavi, what I do have are good intent and an iron will for a human-centric transformation with the people of Dharavi at its centre.
PFC joins Asia Transition Finance Study Group, as 1st Indian company
Goa: Power Finance Corporation has announced joining “Asia Transition Finance Study Group” (ATFSG) during the Bilateral Ministerial Meeting between Minister of Power, New and Renewable Energy Mr. R. K. Singh and Mr. Yasutoshi Nishimura,…
Fall in Foreign Direct Investment Is a Major Concern for the Government
The government is very concerned about the recent drop in FDI inflows. Other economic indices, such as inflation, fiscal deficit, and current account deficit, are reportedly doing admirably in comparison to those of other countries, as…
IIT Madras’s VR advancement centre proposes a national VR corridor.
The virtual reality advancement centre at IIT Madras is proposing the establishment of an extended reality corridor in the country. The institute intends to build sophisticated training centres that are based on virtual reality and…
PFC spreads its wings into Clean Energy space with MoUs worth ₹ 2.37 Lac Crores
New Delhi: With a view to position itself as the focal funding agency for energy transition into Cleaner Power, the Power Finance Corporation Ltd (PFC), executed various Memoranda of Understanding (MoU) worth more than ₹ 2.37 lac crores…
India-Japan semiconductor manufacturing ecosystem agreement
India and Japan have signed a memorandum of understanding to collaborate on the chip manufacturing environment. The announcement of the cooperation follows the major US-based semiconductor company Micron Technology's announcement that it…
Logistics, railway, and space have great possibilities for IIFCL.
IIFCL managing director P R Jaishankar told this newspaper that airports are gaining popularity along with roads and energy.
Rich-poor division might exacerbate developing world poverty: World Bank chief
Ajay Banga, World Bank president, said developing nations had the biggest ratio of young people, but that was only an opportunity if they could access education and work.
“Not delayed funding, it’s a regular course of funding”: Aman Gupta
Aman Gupta, boAt co-founder, responded to accusations of delayed investments and not meeting show obligations.
Smt. Parminder Chopra of PFC bestowed with ‘Icon of the Year’ Award
ICAI's prestigious honour was awarded by Union Minister of Law & Justice AR Meghwal to Ms Chopra officiating CMD of premier power sector PSU
NITI Aayog’s Export Preparedness Index 2022 ranks Tamil Nadu first, Gujarat fourth.
NITI Aayog's Export Preparedness, Policy, business ecosystem, export ecosystem, and export performance determine the ranking.
India-US WTO trade disputes resolved: Official
In 2019, India increased customs duties on 28 US products, including chickpeas, lentils, and apples, in response to US steel and aluminium tariffs.
In 5 years, there will be 10 times as many new businesses: Rajeev Chandrasekhar
Rajeev Chandrasekhar says that the number of new businesses will rise tenfold in the next five years. He also talked about how the country has made progress in building unicorns and start-ups and how they have done well in new technology…
India remains regional chipmaking hub after Foxconn loss.
India still dominates regional chipmaking after Foxconn loss. The fuss was pointless. Foxconn terminated the partnership. The project was delayed, but the breakup was unexpected.
