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The renminbi has continued to slide against the dollar throughout the year as the country’s expected economic recover has been weaker than first forecast.

The G20 Summit, a global forum for international economic cooperation, has emerged as a platform that brings world leaders together and significantly influences the host country’s economic landscape. As New Delhi takes centre stage to host this prestigious event, its impact reverberates far beyond diplomatic discussions.

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Also Read: OpenAI goes for Microsoft’s pie with enterprise offering The improved outlook comes as the company benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products. The company is expected to see a demand boost for its PowerEdge servers and generative AI designs with Nvidia from rising investments in AI by Big Tech companies.

NEW DELHI : The Indian economy expanded 7.8% in the first quarter of the current fiscal year on higher government and private capital expenditure and strong services growth, official estimates released on Thursday showed. A Mint poll of 22 economists had estimated the growth in gross domestic product (GDP) at around 7.8%. In the fourth quarter of 2022-23, GDP growth stood at 6.1% against a 4.4% growth rate witnessed in the preceding three months, according to data from the National Statistics Office (NSO).

By Marta Nogueira

digital economy and exports, including a cross-border logistics partnership with India Post. According to a report by ET Government, the plan extends e-commerce export opportunities to numerous small enterprises, while also collaborating with Indian Railways for faster delivery. Reportedly, Amazon aims to introduce AI-based seller assistance and open logistics capabilities for D2C brands.

Atlas Arteria chief executive Graeme Bevans says the tollroad group is benefiting from inflation as rising toll fares helped lift its interim net profit by 17 per cent to $136.5 million.

The editor of such best-selling novels as Liane Moriarty’s “Big Little Lies” and Kathryn Stockett’s “The Help” is joining Penguin Random House

Grayscale Investments is a big boost for the cryptocurrency industry's decade-long effort to launch an exchange-traded fund that tracks bitcoin, even if it does not immediately open the floodgates for such products. A three-judge panel of the District of Columbia Court of Appeals in Washington on Tuesday ruled that the Securities and Exchange Commission was wrong to reject Grayscale's proposed bitcoin ETF without explaining its reasoning, in a case that has been closely watched by the industry. The ruling requires the SEC to review Grayscale's application, meaning there is no certainty it will reach a different conclusion and greenlight the product. And the regulatory agency, which on Tuesday said it was studying the ruling, could appeal.

German Chancellor Olaf Scholz is pledging that his government will tone down frequent public infighting that has weighed it down badly in polls as it works to pick up the country’s stagnant economy, Europe’s biggest

dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten-down China stocks rose for a third straight day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.86% to a two-week top and is on a three-day winning streak.

By Andreas Rinke and Maria Martinez

India and New Zealand have been exploring the possibility of introducing the Unified Payments Interface (UPI) in the island country with a view to promoting ease of doing business, trade, and tourism between the countries, the commerce ministry said on Tuesday. The two countries are also looking at ways to allow the import of wooden logs from New Zealand, PTI reported. These issues were discussed during a bilateral meeting between Commerce and Industry Minister Piyush Goyal and New Zealand's Minister for Trade and Export Growth, Damien OConnor, on Monday. «Ministers welcomed early discussions between the National Payments Corporation of India (NPCI) and Payments NZ regarding the UPI system and agreed that both sides should continue deliberations on this issue. They agreed that the introduction of UPI in New Zealand would promote ease of doing business between both countries and promote trade and tourism as well,» the ministry said. In 2022, the National Payments Corporation Of India (NPCI), the umbrella organisation offering UPI services, signed a memorandum of understanding (MoU) with France's fast and secure online payment system, called Lyra.

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leadership of Priya Agarwal Hebbar. World's second largest integrated zinc producer aims to accelerate plan s to decarbonize operations under Chairwoman, which is daughter of Vedanta founder and chairman Anil Agarwal. The non-executive director at Hindustan Zinc's parent company Vedanta Resources Ltd., Priya Agarwal Hebbar will be steering the company through a period of expansion.

Gender discrimination and traditional stereotypes of women caring for their children are still widespread throughout the country. Low consumer confidence and growing concerns over the health of China’s economy are also key factors cited by young Chinese for not wanting to get married and have children.

G20 Sherpa Amitabh Kant on Monday stressed on the need to boost crop productivity through adoption of new cutting-edge technologies and said the farm sector should be made smart and adaptive to climate change. Kant was speaking at the G20 India Agri-tech Summit 2023 held here. For higher economic growth of India, he said, «India needs to grow in the agriculture sector.

SoftBank Group Corp. will take a group of its Indian startup founders to Silicon Valley next month for an artificial intelligence tour as the Japanese investor steps up efforts to infuse its portfolio companies with the technology. The investor is helping portfolio companies adopt AI and has been setting up meetings for the founders it backs with the leading players in the field, said Sumer Juneja, managing partner overseeing Europe, Middle East, Africa and India investments at SoftBank’s Vision Fund, in an interview in Mumbai.

investor confidence, including halving the stamp duty on stock trading. China's blue-chip CSI 300 Index jumped roughly 3% in early morning trade, on course for its best day since November, while the Hang Seng benchmark advanced more than 2%. The finance ministry, in a brief statement on Sunday, said it was reducing the 0.1% duty on stock trades «in order to invigorate the capital market and boost investor confidence». Separately, the securities regulator, China Securities Regulatory Commission (CSRC), said that it will slow the pace of initial public offerings (IPOs) and further regulate major shareholders' share reductions. «The policy package sent a clear signal to boost investor confidence as the market hit the bottom,» said analysts at China Asset Management Co. Shares rose across the board, led by securities brokers rallying about 7%. Other sectors, including real estate, insurance, new energy and construction engineering, jumped between 3.5% and 5%. «A reduction in stamp duty would benefit securities brokers directly,» said analysts at BOC International (China) Co, as trading activity could increase after the cut. The move comes as China's stock benchmark dropped to nine-month lows earlier this month, erasing all gains made following the reopening from COVID curbs, as the economic recovery lost steam. Beijing has taken a series of measures, including a smaller-than-expected cut in a key lending benchmark last week.

By Wayne Cole