Operating profit for the three months ended June is forecast to decline to 195.3 billion won ($142 million) from 460.6 billion won in the same period last year, LGES said in a statement."Falling lithium and other metal prices weighed on EV battery prices and led to lower demand for automakers...
According to industry chambers, by prioritizing structural reforms, strategic infrastructure development, sector-specific initiatives and a rationalized tax system, India can meet the current challenges and emerge as a stronger and more competitive economy in the long run.Assocham has...
Lucknow (Uttar Pradesh) [India], The Uttar Pradesh government is adopting the Public Private Partnership (PPP) model in various sectors to achieve the $1 trillion economic target for Uttar Pradesh by 2027-28.To achieve the target of a trillion-dollar economy by 2027-28, Uttar Pradesh needs a...
Karachi [Pakistan], Pakistan's total debt has reached a new high, reaching PKR 67.816 trillion by May 2024, according to an ARY News report citing the State Bank of Pakistan (SBP).Central bank data reveals a significant 15 percent increase in the federal government's total debt over the past...
According to ICRA, except for HFCs, securitization volumes remained largely stable on a year-on-year (YoY) basis.It is estimated that the securitization volume will increase in the next quarters and cross Rs 2 trillion by FY2025.Securitization is a process whereby a lender makes a loan or a...
HBM's new development team, part of an organizational overhaul of the company's semiconductor division, aims to consolidate R&D functions and strengthen research efforts, according to sources.Vice President Sohn Young-soo, an expert in high-performance DRAM design, will lead the team, Yonhap...
Cambridge [UK], During the Cambridge India Conference held at the historic Cambridge Union, Sanjeev Sanyal, member of the Prime Minister's Economic Advisory Council of India, predicted reaching a GDP milestone of $4 trillion this year, surpassing the global growth rates.He shared insights on...
six weeks before the meeting of nations in Montreal, Canada, on 12–16 August for final negotiations within the DSI Intergovernmental Negotiating Group before the matter comes up for decision at the United Nations Conference on Biological Diversity (COP 16) in Colombia, USA, in October. Documents...
Currently, the Indian equity market is the fifth largest stock market in the world with a market capitalization of $5 trillion.Between April and June, the market valuation of the US markets, the world's largest stock market, increased by 2.75 percent to $ 56 trillion.The valuation of China's...
SK Group said in a statement that about 20 chief executives of the group's major affiliates gathered at its research center in Ich'on, 58 kilometers southeast of Seoul, from Friday to Saturday to come up with investment plans for future growth."The group needs to make comprehensive changes in...
Instead, he told IANS, the budget proposals were announced after taking into account all legal and financial aspects and, above all, after the expected increase in tax revenue. He said through the budget the state government has reiterated its commitment and determination to increase growth and...
New Delhi [India], the Department of Economic and Social Affairs, an arm of the United Nations (UN), said developing countries face the worst medium-term economic prospects in a generation. The Sustainable Development Goals (SDG) investment gap in these countries now amounts to $4 trillion a...
According to the data, in the first six months of the year, the country exported pharmaceuticals and biotechnology worth 4.5 trillion won (about $3.26 billion), up 55 percent from 2.9 trillion won (about $2.09 billion) in the same period last year. is more. Korea Pharmaceutical and Bio-Pharma...
Atlanta, Former US President Donald Trump said his administration opted out of the historic Paris Climate Agreement in 2017 as it was a "scam" that would have cost Washington $1 trillion as it claimed that India, China and Russia were not I'm paying for it.Trump, the presumptive Republican...
New Delhi [India] In a recent report, American multinational investment bank and financial company Morgan Stanley praise Prime Minister Gati Shakti's plan.The report says that India has significantly expanded its infrastructure over the past decade, investment is not only increasing but is...
It is part of execution plans for a comprehensive support package worth 26 trillion won announced by President Yoon Suk Yeol last month and is designed to support the key industry amid intense global competition.Under the plan, according to the Ministry of Economy and Finance, the government...
Karachi [Pakistan], In a fiscal year marred by record borrowing and rising debt servicing costs, the Pakistani government faces substantial financial challenges as it navigates through economic uncertainties and inflationary pressures, Dawn reported."Government borrowing in the first 11 months...
New Delhi: Exporters are likely to seek fiscal support measures at their pre-budget meeting with Finance Minister Nirmala Sitharaman here on Tuesday to boost the country's exports to $2 trillion by 2030, a senior official said. industry.The country's exports of goods and services have...
The country's top 1,000 companies planned to invest a combined 72.5 trillion won ($52.12 billion) in 2023, up 8.7 percent from a year earlier, according to data from the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology.According to the Yonhap news...
New Delhi [India], India's cumulative infrastructure spending will exceed $2.5 trillion by 2031, industrialist Gautam Adani highlighted on Wednesday, saying the stage is already set to create a multi-trillion-dollar market space in the country. Are present.At an event organized by CRISIL on...