In a bid to help India strengthen and modernise its logistics sector, the Asian Development Bank (ADB) has approved a $350 million policy-based loan to support wide-ranging reforms in the sector. The logistics sector reforms are also expected to create substantial employment opportunities, both in urban and rural areas. The increased demand for skilled logistics … Read more
The conditions are projected to turn favourable for rate cuts by the Reserve Bank of India (RBI) in India with the first one in February, and easing domestic inflation will be the main driver of rate cuts, according to a new report. Inflation is expected to ease towards the end of this fiscal, given healthy … Read more
Union Minister of Commerce and Industry, Piyush Goyal, is slated to hold a meeting with a Norwegian industry delegation, led by Norwegian Ambassador May-Elin Stener, here on Sunday, eyeing a $100 billion investment opportunity for both nations. According to a statement by the Ministry of Commerce and Industry, the key focus of the business roundtable … Read more
India will soon emerge as the world leader in the maritime sector as it multiplies its cargo handling capacity in ports and builds a robust shipping building and repairs ecosystem, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said on Saturday. Speaking at the silver jubilee celebrations of the Kamarajar Port trust here, the … Read more
The market outlook of next week is likely to be shaped by a mix of global cues, domestic economic indicators, and the flow of investments from foreign and domestic institutional investors, according to the experts on Sunday. Pravesh Gour, Senior Technical Analyst at Swastika Investmart said, "Significant macroeconomic releases—including retail inflation and industrial production … Read more
India’s Unified Payments Interface (UPI) has succeeded in increasing financial inclusion and promoting equitable economic growth by enabling underserved groups, including subprime and new-to-credit borrowers to access formal credit for the first time, according to a new study by IIM and ISB professors. The authors said that the success of UPI can be replicated in … Read more
The government aims to cut the logistics costs in the country to single-digit levels in the next two-three years, according to Union Minister of Road Transport and Highways, Nitin Gadkari. The logistics cost in India is currently 14-16 per cent and “we will reduce the logistics costs as far as speed is concerned. I am … Read more
India has kicked off its 6G research journey and a collaboration with the US can further advance use cases around the new technology, according to experts. Towards this goal, IIT Delhi is organising a two-day international workshop, titled “Indo-US Workshop on 6G Technologies,” on December 9-10 in the national capital. The key objective is to … Read more
The government is planning to invest another Rs 1.08 lakh crore in 78 upcoming tunnel projects in the country covering a distance of 285 km as part of its plans to develop world-class infrastructure, Union Minister of Road, Transport and Highways Nitin Gadkari said. Addressing the 'World Tunnel Day 2024 Conference on Safe & … Read more
Gold prices were little changed on Thursday as investors awaited U.S. payrolls data that is expected to provide more insights into the Federal Reserve's monetary policy path. Spot gold was nearly unchanged at $2,647.17 per ounce, as of 0326 GMT. U.S. gold futures eased 0.2% to $2,671.10. "Gold prices probably will stay around these levels … Read more