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Economy
World Bank V-P Sangbu Kim vows to lessen global digital divide
Seoul: Sangbu Kim, the newly appointed Vice-President for digital transformation at the World Bank, pledged Tuesday to address the digital divide between developed and developing nations, highlighting the role of digital technology in!-->…
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Retail sales of cars, SUVs surge 10 pc in July
New Delhi: Retail sales of passenger vehicles in India, including cars and SUVs, posted a 10 per cent jump to 3,20,129 vehicles in July this year compared to 2,90,564 in the same month last year, driven by new model launches and higher!-->…
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Australia’s Central Bank keeps interest rate at 4.35 per cent due to high inflation
Sydney: The Reserve Bank of Australia (RBA) left the cash rate target on hold at 4.35 percent on Tuesday as inflation is still some way above the midpoint of the 2-3 per cent target range.
The RBA board said in a statement that it!-->…
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Both veg and non-veg thalis get costlier as ingredient prices go up: Report
New Delhi: Bucking the trend, the cost of both veg and non-veg thalis increased by 11 per cent and 6 per cent, respectively, in the month of July as ingredient prices went up, a report showed on Tuesday.
However, year-on-year, the cost!-->…
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Indian stock market more resilient, has monumental pipeline of investments: Jefferies
New Delhi: The Indian benchmark indices remain more resilient amid the US economic slowdown, according to Jefferies, as the Dow Jones Industrial Average has posted its worst day in nearly two years.
The risk of a US economic downturn!-->…
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India set to achieve 50 pc electric power from non fossil fuel-based energy by 2030
New Delhi: India stands committed to achieving about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030, the government has said.
At present, India has already achieved 45.5 per!-->…
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NPAs linked to Mudra loans extended by banks register a decline
New Delhi: The Non-Performing Assets (NPAs) of Public Sector Banks linked to Mudra loans for small and micro enterprises have come down to 3.4 per cent of total loans during the financial year ended March 31, 2024 from 4.89 per cent in!-->…
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India expected to clock 7.2 pc GDP growth in 2024-25: Report
New Delhi: India's economy is expected to clock a 7 to 7.2 per cent growth rate in 2024-25 supported by a rebounding rural economy, strong manufacturing growth, robust bank balance sheets, and increased exports, according to financial!-->…
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Asian stock markets roar back, Indian indices lead rally
Mumbai: The Indian benchmark indices roared back on Tuesday after a dismal Monday, as Sensex surged more than 900 points and Nifty traded nearly 300 points up in the early morning trade.
The Indian markets opened on a higher note despite!-->…
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RBI rolls out new norms for banks, NBFCs on model risks in credit
Mumbai: The Reserve Bank of India (RBI) on Monday issued a circular to all banks and NBFCs, introducing new regulatory principles for management of model risks in credit, with a view to ensuring prudence and robustness in the process.!-->…
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