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India’s aviation sector is likely to face deeper financial turbulence, with net losses expected to rise to Rs 95-105 billion in FY2026, compared with Rs 55 billion in FY2025, according to credit rating agency ICRA. The agency attributed the projected widening of losses to slower passenger growth, higher operational costs, and the impact of elevated…
MUMBAI: Indian sellers using Amazon’s platform to reach in global markets have sold goods worth over $20 billion since 2015. Amazon terms it as cumulative e-commerce exports. With more small and medium sellers tapping the reach of online to go global, the Seattle-based company is targeting $80-billion worth of cumulative e-commerce exports from India by…
The US has entered into a $1 billion partnership with chipmaker Advanced Micro Devices (AMD) to construct two powerful supercomputers designed to tackle major scientific challenges ranging from nuclear fusion and cancer treatments to national security threats. Energy Secretary Chris Wright and AMD CEO Lisa Su announced the collaboration, news agency Reuters reported, describing the…
HSBC Bank books $1.1 billion provision HSBC Bank on Monday disclosed a financial charge of $1.1 billion related to a claim by a European fund tied to the late Bernard Madoff’s investment fraud.The provision will be reflected in the lender’s third-quarter results due Tuesday, the London-headquartered bank said. Following the announcement, HSBC’s shares slipped about…
Pakistan’s total public debt reached $286.832 billion (PKR 80.6 trillion) as of June 2025, almost 13 per cent higher than the previous year, according to official data released by the ministry of finance in its Annual Debt Review for FY25. Of this, domestic debt stood at PKR 54.5 trillion while external debt was PKR 26.0…
India’s foreign exchange reserves rose by $4.496 billion, reaching $702.28 billion for the week ending October 17, majorly driven by an increase in the value of gold reserves, the Reserve Bank of India said Friday.Last week, the overall reserves had increased by $2.176 billion to $697.784 billion, reported PTI.Foreign currency assets (FCA), the largest part…
NEW DELHI: India’s consumer and retail sector witnessed a decisive rebound in the Sept quarter, with deal volumes rising to 132 and values crossing $3.4 billion, nearly four times higher than previous quarter.The recovery was led by renewed investor focus on textiles, apparel and accessories, and sustained activity in food processing and e-commerce, Grant Thornton…
EJAE, the brilliant composer and vocalist from ‘K-POP Demon Hunters’, recently stunned audiences on tvN’s ‘You Quiz on the Block’ by revealing that her song ‘Golden’ has earned copyright royalties potentially rivaling the 45.6 billion KRW prize money of ‘Squid Game’. Yonhap News reported that ‘Golden’ dominated the US Billboard Hot 100 for eight weeks…
India’s gold reserves held by the Reserve Bank of India (RBI) surpassed 880 metric tonnes in the first half of 2025-26, with the central bank adding 0.2 metric tonnes in the last week of September. The total value of the gold stood at $95 billion as of September 26, 2025, according to the latest RBI…
India’s auto sector posted a blockbuster quarter in Q3 2025, with 30 deals worth $4.6 billion, its highest in over a year, according to a report. The surge was largely powered by Tata Motors’ $3.8 billion acquisition of Italian commercial vehicle maker Iveco SPA, one of the biggest outbound deals by any Indian auto company.Upon…
