Economy / IBTimes
India's financial markets have developed into a dynamic and resilient force to fuel economic growth with an almost doubling of the foreign exchange market from $32 billion in 2020 to $60 billion in 2024 and the average daily volumes in the overnight money markets surging from about Rs 3 lakh crore to over Rs 5.4 lakh in this four-year period, according to RBI Governor Sanjay Malhotra.
Payments through mobile phones in India recorded a 41 per cent jump in transaction volume to 88.54 billion and a 30 per cent rise in value to Rs 197.69 lakh crore in the second half of 2024.
In a landmark event for India's maritime industry, Vizhinjam International Seaport, developed and operated by Adani Ports and SEZ Ltd, on Wednesday received MSC Turkiye, one of the world's largest and most sustainable container vessels.
South Korea is set to hold a snap presidential election on June 3, 2025, following the impeachment and removal of President Yoon Suk Yeol. This election, prompted by Yoon's brief declaration of martial law in December 2024, marks a pivotal moment in South Korea's political landscape.
India is emerging as a leader in artificial intelligence (AI) adoption in South Asia, with a talent pool of 1.25 million professionals in the emerging technology, a report said on Thursday.
The reciprocal tariffs imposed by the US will undoubtedly hit all countries but Indian exporters may emerge stronger as rivals, mainly, China faces steeper duties as high as 65 per cent and even beyond.
Leading tea planters' body, the North Eastern Tea Association (NETA) on Thursday urged both Central and state governments to extend the National Mission on Edible Oils Oil Palm (NMEO-OP) scheme in the tea estates of Assam for the cultivation of oil palm trees.
The recent amendments in priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) should further help the economy grow faster and fine tune the building blocks of the factors of productions, mainly the MSMEs, agri and allied sectors, housing and exports, etc, a report by SBI Research said on Wednesday.
Driven by the country's skilled talent pool and operational cost advantages, global capability centres (GCCs) are leading real estate absorption in India which have surpassed pre-Covid levels amid a resilient economy.
In the customary rebuttal to the President's address to Congress, the Democrats have warned that US friendships with allies are fraying, while the trade war is threatening the economy.
BJP MP Eatala Rajender slapped a real estate agent in the Medchal-Malkajgiri district on Tuesday for exploiting the poor people by encroaching on their lands.
The Karnataka Pradesh Congress Committee (KPCC) on Friday paid tributes to former Prime Minister Manmohan Singh at a condolence meeting organised at the CPED grounds in his honour.