Globally, humans produce over 450 million tonnes of plastic today as compared to just two million tonnes in 1950. Unfortunately, over 90 per cent of the plastic pollutes the planet. A report from the U.S. federal Lawrence Berkeley National Laboratory says that the plastic industry, which currently accounts for 5 per cent of global carbon […]
While Fed’s rate cut exercise may have been pushed back, Sweden takes the lead in cutting policy rate by 25 bps. Meanwhile, the RBI’s rate setting committee will meet after the general election results and it will be an interesting event to watch out for Hopes of the June interest rate cut by the US […]
At around 10,300, India is home to the world’s third-largest number of FinTechs. The Jan Dhan Yojna, Aadhaar and mobile number (JAM trinity), along with the Unified Payment Interface (UPI) have acted as the key enablers for FinTechs’ rapid growth. The Fintech ecosystem in India has tremendously improved, with the adoption rate of FinTech in India […]
Gold’s rise in 2024 so far has been nothing short of a spectacle with the yellow metal breaking new records almost on a daily basis. It appears that it has formed a habit of doing this. But its rise has been more on sentiments and less on fundamental reasons and to say that the current […]
Recent projections indicate that the GenAI market is expected to double every other year for the next 10 years and ultimately exceed USD 200 billion by 2032 Nasscom estimates India’s artificial intelligence market to touch USD 17 billion by 2027, growing at an annualised rate of 25 -35 per cent between 2024 and 2027 Generative […]
Are you looking at switching to an environmentally friendly car and moving away from the vagaries of constantly changing global fuel prices? Electric Vehicles (EVs) are the obvious solutions and carmakers are constantly launching models to woo customers to make that transition. A surge in lithium-ion mining and reduced prices of precious minerals are just […]
In the financial year ending March 31, the net services receipts jumped 16 per cent year-on-year (YoY) to USD 45 billion which was higher that USD 38.7 billion reported a year ago The booming services sector helped in narrowing country’s current account deficit (CAD) in the October-December quarter. This shows the importance of the […]
In a strategic shift, India is turning a new leaf by promoting the domestic defence industry to meet not only its own requirements but also to its aspiration of export. The defence production and its export numbers point to the new found zeal India’s defence sector is witnessing a metamorphosis like never before with a strong […]
Export diversification has been key to India’s remarkable performance post-1991 economic reforms, having grown faster than the rate of growth of world exports despite strong headwinds. Electronic goods, drugs and pharmaceuticals, and iron ore have emerged as standout sectors with the country’s export basket witnessing a shift from labour intensive to such capital-and skill-intensive products, […]
From China, the biggest shock has come in the form of the property market’s collapse, led by its largest real estate player Evergrande. The real estate sector is a big taker of metals, and with its collapse the shine in metals is bound to go As the saying goes, when an elephant falls, the earth […]
