trillion

Over the last 10 years, under the visionary leadership of Prime Minister Narendra Modi, the country has made good progress on all economic parameters and is no less than the fifth largest country with a GDP of about $3.7 trillion (estimated FY24).A decade ago, the country was the 10th largest...

ISLAMABAD [Pakistan], Pakistan's Ministry of Finance (MOF) has issued a warning regarding the growing fiscal pressure due to a massive 54 percent increase in interest payments, due to which the country's fiscal deficit has increased to more than half of the GDP in the first nine months. It has...

New Delhi: The issue of developing e-commerce hubs in the country to further boost India's exports through online medium is expected to be included in the commerce ministry's 100-day agenda roadmap of the new government, an official said.DGFT, an arm of the Commerce Ministry, is already...

Abu Dhabi [UAE], The gross value of interbank funds transfers through the UAE Funds Transfer System (UAEFTS) exceeded AED 3 trillion during January and February 2024, according to the latest data from the Central Bank o UAE (CBUAE). Bank-to-bank transfers and customer-to-customer transfers made...

Samsung Electronics, the world's biggest maker of smartphones and memory chips, said its operating profit reached 6.6 trillion won (US$4.8 billion) in the January-March period, compared with 640.2 billion won a year earlier.Its sales rose 12.8 percent to 71.9 trillion won and net profit rose...

Abu Dhabi [UAE], The gross assets of banks in the country crossed AED4. trillion figure by the end of February 2024, according to the latest data from the Central Bank of the United Arab Emirates (CBUAE), for the first time in its history, the bank recorded an increase in total banking, in its...

In the pandemic year 2020, the tourism sector lost 39 million jobs, which is 8 percent of the country's total workforce. According to NBL Services, a global technology and digital talent solutions provider, the demand for talent in the sector recorded a 44 percent increase in August last year...

Net profit for the January-March period stood at 2.8 trillion won ($2 million) on a consolidated basis, compared with a profit of 2.1 trillion won a year earlier, the company said in a regulatory filing.Its overseas sales increased due to strong demand in key regions such as North America and...

New Delhi: The commerce ministry has launched an exercise to identify essential infrastructure needs, potential sectors and clusters that will help the country achieve its merchandise export target of USD 1 trillion by 2030, a senior government official said. said on Thursday.Additional...

Net profit for the January-March period stood at 3.37 trillion won ($2.5 billion on a consolidated basis), compared with a profit of 3.41 trillion won a year earlier, the company said in a regulatory filing.Operating profit reached 3.55 trillion won, down 2.3 percent from a year earlier. Sales...

The world's second-largest memory chip maker made an operating profit of 2.8 trillion won ($2.09 billion) for the January-March period, compared with a loss of 3.4 trillion won a year earlier, the company said in a regulatory filing.This is the second highest quarterly operating profit since...

About 306 associates of four groups , SK, Hyundai Motor and L to 24.51 trillion won ($17.9 billion) in 2023, down from 71.91 trillion won a year earlier, according to a report by corporate data firm Korea CXO Institute.Samsung Group, the country's largest conglomerate, suffered the biggest...

ISLAMABAD [Pakistan], Due to the economic crisis, the Pakistan government led by Prime Minister Shehbaz Sharif borrowed more than Pakistan currency (PKR) 65 billion from banks to meet its rising expenses within a week, Dawn reported on Saturday. State Bank of Pakistan (SBP) data in the report...

Abu Dhabi [UAE], Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, and Gustavo Petro, President of Colombia, signed a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Colombia. The agreement was signed. Thani bin Ahmed Al Zeyoudi, UAE Minister of...

New Delhi [India]: Worldwide IT spending is expected to total US$5.06 trillion in 2024, an increase of 8 percent from 2023, according to the latest forecast from advisory and consultancy firm Gartner. This is an increase from last quarter's forecast of 6.8. percent growth and is on track to...

New Delhi, Industry body PHDCCI said on Wednesday that India's economy is expected to grow at the rate of 8-8.3 percent in the current financial year.It said the country's GDP will grow at an average rate of 6.7 percent over the next 23 years and become a US$34.7 trillion economy by 2047, with...

NEW DELHI: India's unemployment rate is likely to fall by 97 basis points by 2028 as the country's economy reaches the US$5 trillion mark, leading to increased employment, a new report said on Tuesday.The India Employment Outlook 2030 report by think tank Observer Research Foundation (ORF)...

Currently, the combined market capitalization of the two companies is 94.38 trillion won, with Hyundai Motor valued at 50.23 trillion won and its sister concern Kia valued at 44.14 trillion won.According to the Yonhap news agency, since the beginning of 2024, Hyundai Motor's share price has...

New Delhi [India], The Confederation of Indian Industry (CII) and Knight Frain India report estimates that India's real estate sector will reach a value of US$1. trillion by 2034. The report is titled 'Indian Real Estate: A Decade from Now'. says that the growth trajectory is expected to boost...

New Delhi: Global merchandise trade growth in value terms is likely to decline by 1.2 per cent due to ongoing geopolitical uncertainties, economic think tank Global Trade Research Initiative (GTRI) said on Thursday.It said the US dollar value of world merchandise trade fell 5 percent in 2023...