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In a major boost to the export of the exotic fruit, originally not grown in India, a consignment of the fibre and mineral-rich dragon fruit has been exported to Dubai, UAE
Political stability must for economic recovery, says Pakistan PM; calls for ‘Charter of Economy’
The IMF’s refusal to revive the $6 billion bailout package over the government’s initial refusal to implement austerity measures made things worse for the government. In recent weeks, the Sharif government has reduced fuel subsidies drastically and increased electricity tariffs.
World Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot; South Asia growth to get affected
In South Asia as a whole, the report said, “The Russian Federation’s invasion of Ukraine has weighed on growth in the South Asia region (SAR) after a solid recovery in the second half of last year and amplified pre-existing vulnerabilities”
Pakistan plans IT park in Karachi to boost exports and create jobs
Significantly, the country’s IT exports are rising and has already crossed over $2 billion in the first eight months of the current financial year. In 2021, the Overseas Investor Chamber of Commerce and Industry (OICCI) said in its report that the country had the potential of $10 billion in annual IT exports.
Power-surplus Nepal hopes to earn $100 million from electricity exports to India
From Thursday this week, Nepal started selling electricity, around 37 MW to Indian buyers, Nepal Electricity Corporation spokesperson Suresh Bhattarai confirmed to The Kathmandu Post. More bids are invited to sell 200 MW in India’s power exchange market on a long-term basis.
More on Economy-Business
Serum Institute of India begins manufacturing new Covavax vaccine
The Serum institute of India, which started manufacturing the first batch of Novavax's Covid-19 vaccine in India under the name Covavax, said "a new milestone has been reached"
The irony of Nepal’s booming soybean oil exports to India
Nepal produces roughly 31500 tonnes of raw soybean, not enough to fulfill its own domestic demand, yet Nepali traders exported nearly 246300 tonnes of processed soybean to India, making it the most exported commodity of the country
Reliance will complete $15 billion oil deal with Saudi Aramco in 2021; Aramco chairman to join RIL board
Reliance Industries will fulfill the $15 billion oil deal with Saudi Aramco - the Saudi Arabian Oil Company - this year, Mukesh Ambani said at the 44th Annual General Meeting of Reliance Industries on Thursday
Jio, Google Cloud to collaborate on 5G technology to enable Indians' access 'superior connectivity'
Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited, and Google Cloud are embarking on a comprehensive, long-term strategic relationship with a goal of powering 5G in enterprise and consumer segments nationwide
Reliance Industries performance exceeded expectations despite pandemic: Mukesh Ambani
Reliance Industries chief Mukesh Ambani, India's richest man and one of the world's wealthiest, Thursday said that the group exceeded performance expectations despite the pandemic, but what mattered most was the humanitarian service provided by the group during the crisis in the country
Royal Bhutan Helicopter Services suffers huge losses amid pandemic
The Royal Bhutan Helicopter Services Limited (RBHSL), that provides services ranging from chartered flights to medical evacuations and fire fighting, has suffered a loss of around $836,000 in 2020
Teas fetch record prices at first mjunction International Tea Day auction
The first International Tea Day Special Auction organised by mjunction services limited, India’s largest B2B e-commerce company, fetched record prices and met with resounding success at the Jorhat tea e-marketplace Monday, the company said
Jet Airways may resume operations by end of year?
Debt-laden Jet Airways, which has been out of operations since 2019, may soon hit the skies, following India's National Company Law Tribunal's (NCLT) approval of a revival plan submitted by a consortium of London-based Kalrock capital and the UAE-based businessman Murari Lal Jalan, according to reliable reports
Twitter India head's offer to appear virtually in Muslim harassment case rejected
Uttar Pradesh Police have summoned Twitter India Managing Director Manish Maheshwari for quizzing on Thursday in connection with tweets on the assault of an elderly Muslim man in Ghaziabad
Sri Lanka to buy 75 percent equipment for India-funded solar projects from India
Sri Lanka will purchase at least 75 percent of the equipment needed for the solar energy projects being funded by India from India itself
Facebook asked to appear physically before Indian parliamentary panel
The parliamentary panel on information technology, headed by Congress MP Shashi Tharoor, has conveyed a stern message to Facebook that the company representatives will have to physically appear in front of the panel notwithstanding what Facebook company policies say
mjunction to hold first International Tea Day Special Auction on June 21
B2B e-commerce company mjunction Services Limited will hold its first International Tea Day special auction on June 21 at its Jorhat tea e-marketplace, which was launched last year amid the lockdown
Facebook has new partner for health fact checks in India
Facebook has joined hands with The Healthy Indian Project (THIP) -- a health specialized fact-checking site -- as part of its third-party fact-checking program in India to combat Covid-19 and all other health-related misinformation on the social media platform
Tata Motors, Tata Power launch India’s largest grid-synchronized solar carport in Pune
Tata Motors and Tata Power on Friday jointly inaugurated India’s largest grid-synchronized solar carport at Chikhali, Pune, in the western state of Maharashtra
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