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China Surpasses US to Become Indias Largest Trading Partner in FY 202324

With $118.4 billion in bilateral trade, China overtook the US as Indias top trading partner in the fiscal year 2023–2024. Indias imports increased b

With $118.4 billion in bilateral trade, China overtook the US as Indias top trading partner in the fiscal year 2023–2024. Indias imports increased by 3.24% to $101.7 billion, while exports to China increased by 8.7% to $16.67 billion. On the other hand, Indias imports fell by 20% to $40.8 billion, while its exports to the US decreased by 1.32% to $77.5 billion, leaving an increased trade surplus of $36.74 billion. The founder of GTRI, Ajay Srivastava, emphasised the need for strategic trade policies in the face of shifting global economic environments by pointing out notable changes in Indias trade dynamics with its top 15 trading partners. Read More..

B2B Tech News | 1 years ago        

Moody’s Forecasts 6.6% Economic Expansion for India in FY25

According to Moodys Ratings, Indias GDP would grow 6.6% in FY25, spurring robust loan demand to help nonbanking financial companies NBFCs. Strong loan

According to Moodys Ratings, Indias GDP would grow 6.6% in FY25, spurring robust loan demand to help nonbanking financial companies NBFCs. Strong loan growth is anticipated to fuel the sectors success despite obstacles, including growing finance costs. The following year is expected to see a 6.2% growth in Indias GDP. Over the next 12 to 18 months, NBFCs are expected to see a 15% rise in loans, driven by various lending activities like funding for infrastructure and assistance for SMEs. Top NBFCs with varied portfolios are anticipated to handle difficulties steadily since they are supported by corporate or governmental ownership, which guarantees financial stability in tumultuous times. Read More..

B2B Tech News | 1 years ago        

Australian Employment Surges in April, Exceeding Expectations

Australias employment increased by 38,500 in April, more than anticipated, but as job growth outpaced job creation, the unemployment rate rose to 4.1%

Australias employment increased by 38,500 in April, more than anticipated, but as job growth outpaced job creation, the unemployment rate rose to 4.1%, a threemonth high. The markets are now projecting a 54% likelihood of a rate drop by December, which has crushed expectations of a Reserve Bank of Australia RBA rate rise. The rise in unemployment indicates that more individuals were looking for work, which could have contributed to Mays employment recovery. The employmenttopopulation ratio, on the other hand, did not change, suggesting that job growth lagged behind population expansion. Notwithstanding worries about inflation, indications of reducing pressures and declining consumer demand can affect policy choices to prevent further economic downturns. Read More..

B2B Tech News | 1 years ago        

World Entrepreneurs Investment Forum Kicks Off in Manama, Bahrain

To accomplish the UNs 17 Sustainable Development Goals SDGs, the fifth edition of the World Entrepreneurs Investment Forum was launched in Manama, Bah

To accomplish the UNs 17 Sustainable Development Goals SDGs, the fifth edition of the World Entrepreneurs Investment Forum was launched in Manama, Bahrain, emphasising growth and innovation in the Arab and African regions. Delegates seeking to empower entrepreneurial leaders for sustainable development will discuss important topics such as poverty, inequality, climate change, peace, and justice. The Deputy DirectorGeneral of UNIDO, Fatou Haidara, highlighted the critical role of SMEs and the private sector in economic growth and employment creation. Organisations like the League of Arab States, the Union of Arab Chambers, and the Arab Bank for Economic Development in Africa are collaborating on the event, which is scheduled to end on May 16. Read More..

B2B Tech News | 1 years ago        

OPEC Projects Robust Global Oil Demand Growth, Maintains Optimism for Economic Prospects

OPEC emphasised a change in attention towards the predicted demand for OPEC+ crude while maintaining its estimate for healthy global oil demand growth

OPEC emphasised a change in attention towards the predicted demand for OPEC+ crude while maintaining its estimate for healthy global oil demand growth in 2024. OPEC continues to be upbeat about economic prospects, projecting a 2.25 million barrels per day bpd growth in 2024 and 1.85 million bpd in 2025. Before the OPEC+ meeting on June 1, the organisation emphasised the economys strong trajectory while acknowledging its vulnerabilities. Since late 2022, OPEC+ has reduced output the most recent reduction, 2.2 million bpd, is scheduled to expire at the end of June. The rise in oil demand due to the switch to cleaner fuels is predicted to vary. With Aprils statistics showing output below the predicted demand, OPECs decision to concentrate on OPEC+ demand suggests unity among the organisation. Read More..

B2B Tech News | 1 years ago        

Defense Secretary Hails Mazagon Dock Shipbuilders Ltds MDL Contribution to Indias Naval Capabilities

Defence Secretary Giridhar Aramane recognised Mazagon Dock Shipbuilders Ltd MDL for its enormous contributions to Indias naval and commercial capabili

Defence Secretary Giridhar Aramane recognised Mazagon Dock Shipbuilders Ltd MDL for its enormous contributions to Indias naval and commercial capabilities, and he commended MDL as a critical asset. In honour of MDLs 250th anniversary, Aramane unveiled a commemorative coin and dedicated new land purchased from the Mumbai Port Authority. MDL celebrated advances in indigenous technology by launching a solarelectric hybrid boat and showcasing the prototype of the native midget submarine, "Arowana." A proof of concept, the miniature submarine showcases MDLs experience building submarines since 1984. Compared to diesel boats, the solar electric hybrid boat provides economical and lowmaintenance operations, highlighting MDLs dedication to sustainability and innovation. Read More..

B2B Tech News | 1 years ago        

International Crisis Group Warns of Economic Crisis in South Sudan

The prolonged conflict in Sudan has disrupted oil shipments, bringing attention to South Sudans impending economic disaster, according to the Internat

The prolonged conflict in Sudan has disrupted oil shipments, bringing attention to South Sudans impending economic disaster, according to the International Disaster Group ICG. Pipeline failures make The state of affairs worse, as oil income is essential to stability and government operations. Financial collapse, currency depreciation, worsening food shortages, and possible societal upheaval are among the dire outcomes that lie ahead. The migration crisis from Sudan exacerbates the shortage of food. With corruption and natural catastrophes among its many problems, South Sudan faces immediate danger to peace as a result of the broken pipeline. The ICG urges allies on the local, national, and international levels to extend immediate assistance and step up efforts to end the violence in Sudan. Read More..

B2B Tech News | 1 years ago        

MSDE and Mahindra & Mahindra Launch Drone Didi Yojana to Empower Women in Emerging Tech

The Ministry of Skill Development and Entrepreneurship MSDE has collaborated with Mahindra & Mahindra Ltd. to initiate two Pilot Projects under the Dr

The Ministry of Skill Development and Entrepreneurship MSDE has collaborated with Mahindra & Mahindra Ltd. to initiate two Pilot Projects under the Drone Didi Yojana, marking a noteworthy step towards womens empowerment in new technological areas. The initiative aims to teach 15,000 women how to use drones for farming. At NSTI facilities in Noida and Hyderabad, 500 rural women will receive training in drone operation as part of the partnership, which Secretary Shri Atul Kumar Tiwari and CEO of Mahindra Group Dr Anish Shah announced. With Mahindra Group providing infrastructure and training assistance, the strategic relationship highlights the dedication to womens empowerment and innovation and paves the path for future development and statewide programme implementation. Read More..

B2B Tech News | 1 years ago        



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