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Sanctions are destroying the global market, says CEO of Russia’s Rosneft

Dec 8, 2024

Doha, Dec 8 (IANS) Sanctions by the US and its allies are hurting various pillars of the global market, particularly in energy, Rosneft CEO Igor Sechin said at the Doha Forum.The chief of Russia's third-largest oil company said that the competitive environment has been destroyed by the creation of preferences and benefits, and it is now being…

With ‘Rising Rajasthan’, state eyes investment to emerge as $350 billion economy

Dec 8, 2024

Jaipur, Dec 8 (IANS) To realise the vision of making the state a $350 billion economy in the next five years, the three-day 'Rising Rajasthan Global Investment Summit' will be organised from December 9.Prime Minister Narendra Modi will be…

Business

India-US workshop at IIT Delhi to assess current 6G status in India

Dec 8, 2024

New Delhi, Dec 8 (IANS) 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…

Business

India’s hardware exports poised for robust growth: FIEO chief

Dec 8, 2024

New Delhi, Dec 8 (IANS) India is poised for significant growth in hardware exports after recording a remarkable 15 per cent year-on-year growth in 2023 reflecting the country's strengthening foothold in the global market, Ashwani Kumar,…

Business

Market Outlook: Inflation, IIP and global economic data key trigger for next week

Dec 8, 2024

New Delhi, Dec 8 (IANS) 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…

Business

UPI provided credit access to poor, fuelled equitable growth: Study

Dec 8, 2024

New Delhi, Dec 8 (IANS) 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…

Business

Govt plans to cut logistics costs to single digit in 2-3 years: Nitin Gadkari

Dec 8, 2024

New Delhi, Dec 8 (IANS) 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…

Business

Google’s new AI model outperforms world’s best weather forecast system

Dec 8, 2024

New Delhi, Dec 8 (IANS) Google’s DeepMind team has unveiled an AI model for weather prediction called GenCast which has outperformed the top weather forecast system in the world.In a paper published in the journal Nature, researchers at…

Business

Fossil fuels’ role in global energy security becoming strategic: Igor Sechin at Doha Forum

Dec 8, 2024

Doha, Dec 8 (IANS) Igor Sechin, Chief Executive Officer of Rosneft, presented a speech titled "The economic underpinnings of conflicts" at the XXII Doha Forum, which is taking place on December 7-8 in the capital city of Qatar.Igor Sechin's…

Business

Korean won worst performer among major peers

Dec 8, 2024

Seoul, Dec 8 (IANS) The South Korean currency was the worst performer around the globe last week as the political turmoil following President Yoon Suk Yeol's short-lived declaration of martial law has affected sentiment, data showed on…

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