Mumbai: – Maharashtra government has signed Memorandums of Understanding with 12 multinational companies worth ₹160 billion, under the ‘Magnetic Maharashtra 2.0’. These investments will create employment opportunities. Moreover, confidence has been expressed that this will also provide an impetus to the industry sector. ‘Magnetic Maharashtra 2.0’ was inaugurated in the presence of Chief Minister Uddhav […]
New Delhi: The Union government has taken a major decision of increasing the cap on foreign investment, in the defence equipment manufacturing sector, from 49% to 74%. Prime Minister Narendra Modi had announced an economic package of ₹20 trillion to provide an impetus to the country’s economy. While revealing the details of the package, Finance […]
London: The gold bonds are observed to be in great demand, against the background of the warnings issued regarding the impending global recession. As per a report published by the international group, World Gold Council, the investments in ETFs (Exchange Traded Funds), backed by gold, have registered an increase in investment by a whopping 426%. […]
Abu Dhabi: The United Arab Emirates, the main country in the Middle East, has decided to invest a whopping $23 billion in the southeastern region of Indonesia. The projects include Indonesian President Joko’s Sovereign Wealth Fund, fuel, energy, telecommunications and infrastructure. Counted in one of the rising economies from south-east Asia, Indonesia has made an […]
Washington: A senior US official warned that the Chinese investment in its ambitious One Belt One Road (OBOR) project could collapse like a house of cards and a few emerging economies also will be devastated in that. Europe, Japan, Australia and India, along with the United States, have challenged the Chinese OBOR project and expeditious […]
Brasilia: Saying that India is a conducive economy for free trade and investors, Prime Minister Narendra Modi invited the members of BRICS to invest in India. The Prime Minister said that the investors should take advantage of the unlimited possibilities and opportunities in India and also expressed confidence that India will become a $5 trillion […]
Bangkok: The United States has announced a new scheme to counter the ambitious Chinese Belt and Road Initiative (BRI). The information was given by Wilber Ross, the US Secretary for Commerce during the meeting of the Indo-Pacific Business Forum held in Bangkok. The scheme envisages providing huge funding for important projects in the Indo-Pacific sector, over the next few years. […]
London/Moscow: Many groups, including the ‘World Gold Council’ had reported an increase in the Gold purchase, by the central banks of the leading economies of the world, over the last few years. Analysts and economists have claimed that the trend in the Gold purchase will continue because of the increasing tensions at the international level, […]
Washington/Beijing: “While there are no signs of an end to US and China trade war soon, China could weaponise US Treasury holdings,” warned the leading US investor Ray Dalio, founder of Bridgewater Associates. Dalio drew attention to the fact that China has been selling US dollars over the last few months. At the same time, […]
Moscow: During Chinese President Xi Jinping’s Russia visit, an important announcement was made on the establishment of an independent fund between Russia and China, based on the Chinese currency Yuan. Although many projects have been taken up between the two countries under bilateral trade and investment, this is the first time a fund based only […]
