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Chandrababu Naidu's Davos visit successful in creating 'AP Brand' image

23 Jan, 2025 11:21 PM

Amaravati, Jan 23 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu’s four-day visit to Davos aimed at creating 'AP Brand' image and setting up a network to invite massive investments to the state ended successfully, the state government said on Thursday.

National International Business Politics

LG Electronics Q4 loss deepens on FX translation losses

23 Jan, 2025 9:56 PM

Seoul, Jan 23 (IANS) LG Electronics, South Korea's leading home appliance maker, said on Thursday its fourth-quarter net loss deepened from a year earlier as a weak won pushed up foreign exchange translation losses.

Business Science/Tech

Centre annuls auction of Nayakkarpatti Tungsten block in TN to protect heritage area

23 Jan, 2025 8:10 PM

New Delhi, Jan 23 (IANS) The Union Ministry of Mines on Thursday announced that the government has decided to annul the auction of Nayakkarpatti Tungsten mineral block in Tamil Nadu to protect the heritage area.

National Business Politics

Attracting FDI: Chhattisgarh CM meets US, Russian diplomats

23 Jan, 2025 6:59 PM

Mumbai, Jan 23 (IANS) Looking to attract FDI, Chhattisgarh Chief Minister Vishnu Deo Sai met US Consul General Mike Hankey and Consul General of Russia Ivan Y. Fetisov on investment possibilities in sectors related to health, education, IT and tourism, an official said on Thursday.

National Business Politics


Geo-economic fragmentation could cost global economy $5.7 trillion: WEF report

23 Jan, 2025 6:38 PM

Davos, Jan 23 (IANS) A new World Economic Forum report released on Thursday highlights significant economic risks from increasing geo-economic fragmentation as countries are increasingly using the global financial and trading systems to advance geopolitical objectives through sanctions, industrial policies, and other economic measures.

National Business

Kotak Mahindra Bank acquires Standard Chartered India's personal loan biz for Rs 3,330 cr

23 Jan, 2025 6:32 PM

Mumbai, Jan 23 (IANS) Kotak Mahindra Bank on Thursday said it has completed the acquisition of the personal loan portfolio of Standard Chartered India for Rs 3,330 crore.

Business Science/Tech

Foreign soil, Indian deals: Why are MoUs being signed at Davos Summit?

23 Jan, 2025 6:27 PM

New Delhi, Jan 23 (IANS) As the Chief Ministers of Maharashtra, Telangana, Andhra Pradesh and Tamil Nadu enthusiastically signed several MoUs with Indian companies in Davos during the World Economic Forum (WEF) Summit, a glaring question emerges: Why are these deals being inked on foreign soil?

National Business Politics Diplomacy

PLI booster: Smartphones now rank 2nd in exports, says Ashwini Vaishnaw

23 Jan, 2025 6:02 PM

New Delhi, Jan 23 (IANS) Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, said on Thursday that smartphones now rank second in India's exports from 14th position just four years ago.

Business Science/Tech


Centre sends notice to Ola, Uber over different pricing for iPhone, Android commuters

23 Jan, 2025 5:47 PM

New Delhi, Jan 23 (IANS) Leading taxi aggregators Ola and Uber have been served notices by the Department of Consumer Affairs over differential pricing for the Android and iPhone commuters, seeking responses from the online cab-hailing platforms, Union Minister of Consumer Affairs, Pralhad Joshi, said on Thursday.

National Business Science/Tech

Inflation burden eases further for farm and rural workers

23 Jan, 2025 5:46 PM

New Delhi, Jan 23 (IANS) The year-on-year inflation rates based on the all-India Consumer Price Index for Agricultural Labourers and Rural Labourers in December 2024 declined to 5.01 per cent and 5.05 per cent, respectively, compared to the corresponding figures of 7.71 per cent and 7.46 per cent in the same month of the previous year, according to data released by the Ministry of Labour and Employment on Thursday.

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