Growth

The International Monetary Fund (IMF) has cut India's economic growth forecast to nine per cent for the current fiscal year ending March 31, joining a host of agencies that have downgraded their projections on concerns over the impact of a spread of a new variant of coronavirus on business activity and mobility.

Logitech International reported a 2 percent drop in third-quarter sales as the computer peripherals-maker lapped tough comparisons from a year earlier, when the pandemic boosted demand for its products.

Smartphone market in India grew 12 percent in 2021, Canalys said in a report on Monday. Xiaomi continued to lead the market, followed by Samsung. However, Canalys said that in the fourth quarter, Realme took the third position.

Exporters have demanded support measures, including enhanced allocations for RoDTEP scheme, high import duty on plastic finished goods, setting up of an Indian shipping line and reinstating exemption for duty free import of critical inputs for leather products, in the forthcoming Budget to promote growth of the country's outbound shipments.

Philips said it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months.

ASML Chief Executive Peter Wennink said "the expected impact of the fire in part of a building at our Berlin site is included" in the 2022 growth forecast.

The finance ministry is expected to come out with a single volume economic survey for 2021-22 projecting a growth of 9 per cent for the next fiscal

Aspirational districts are now eliminating the barriers to the progress of the country and they have become accelerators for growth instead of impediments, Prime Minister Narendra Modi said today as he interacted with District Magistrates (DMs).

Intended to grow the Terra ecosystem and help stabilise it, the Luna Foundation Guard is a non-profit organisation aimed at funding decentralised finance (DeFi) projects that utilise Terra’s stablecoins and building a reserve to maintain Terra’s dollar-pegged stablecoin.

Even as Netflix executives sought to reassure investors in video interview that its long-term prospects for streaming media remain bright, with its popular series Bridgerton returning for a second season and a science-fiction film starring Ryan Reynolds coming soon, shares slipped.

Between January and December 2021, Porsche India sold 474 units in the country, its best-ever sales performance since 2014. Compared to 2020, the German luxury sports car maker witnessed a massive 62 per cent year-on-year growth.

The Russian central bank proposed cracking down on cryptocurrencies, a move which if adopted could disrupt the burgeoning virtual money sector as Russia is one of the largest crypto-mining nations in the world.

Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader.

Netflix on Thursday reported falling short of estimates on new subscribers, and predicted slower growth in 2022 as fierce competition and the pandemic weigh heavy despite hits like "Squid Game" and "Money Heist."

Cooperation between India and Mauritius, including in maritime security, has translated the vision of SAGAR - Security and Growth for All in the Region - into action, Prime Minister Narendra Modi said on Thursday.

The International Monetary Fund (IMF) has cut India's economic growth forecast to nine per cent for the current fiscal year ending March 31, joining a host of agencies that have downgraded their projections on concerns over the impact of a spread of a new variant of coronavirus on business activity and mobility.

Logitech International reported a 2 percent drop in third-quarter sales as the computer peripherals-maker lapped tough comparisons from a year earlier, when the pandemic boosted demand for its products.

Smartphone market in India grew 12 percent in 2021, Canalys said in a report on Monday. Xiaomi continued to lead the market, followed by Samsung. However, Canalys said that in the fourth quarter, Realme took the third position.

Exporters have demanded support measures, including enhanced allocations for RoDTEP scheme, high import duty on plastic finished goods, setting up of an Indian shipping line and reinstating exemption for duty free import of critical inputs for leather products, in the forthcoming Budget to promote growth of the country's outbound shipments.

Philips said it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months.

ASML Chief Executive Peter Wennink said "the expected impact of the fire in part of a building at our Berlin site is included" in the 2022 growth forecast.

The finance ministry is expected to come out with a single volume economic survey for 2021-22 projecting a growth of 9 per cent for the next fiscal

Aspirational districts are now eliminating the barriers to the progress of the country and they have become accelerators for growth instead of impediments, Prime Minister Narendra Modi said today as he interacted with District Magistrates (DMs).

Intended to grow the Terra ecosystem and help stabilise it, the Luna Foundation Guard is a non-profit organisation aimed at funding decentralised finance (DeFi) projects that utilise Terra’s stablecoins and building a reserve to maintain Terra’s dollar-pegged stablecoin.

Even as Netflix executives sought to reassure investors in video interview that its long-term prospects for streaming media remain bright, with its popular series Bridgerton returning for a second season and a science-fiction film starring Ryan Reynolds coming soon, shares slipped.

Between January and December 2021, Porsche India sold 474 units in the country, its best-ever sales performance since 2014. Compared to 2020, the German luxury sports car maker witnessed a massive 62 per cent year-on-year growth.

The Russian central bank proposed cracking down on cryptocurrencies, a move which if adopted could disrupt the burgeoning virtual money sector as Russia is one of the largest crypto-mining nations in the world.

Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader.

Netflix on Thursday reported falling short of estimates on new subscribers, and predicted slower growth in 2022 as fierce competition and the pandemic weigh heavy despite hits like "Squid Game" and "Money Heist."

Cooperation between India and Mauritius, including in maritime security, has translated the vision of SAGAR - Security and Growth for All in the Region - into action, Prime Minister Narendra Modi said on Thursday.