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economic growth performance and has become an alternative investment destination for many western companies as «less and less» foreign investment is going into China, an expert at the UN said as the global body revised upwards the Indian GDP growth for 2024. «India is also benefiting from more investments coming into India from other western sources as less and less foreign investment is going into China, western investment is going into China. India has become an alternative investment source or destination for many western companies. I think that is also benefiting India,» Chief of the Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs (UN DESA), Hamid Rashid, told reporters here Thursday. He was briefing on the mid-year update of the World Economic Situation and Prospects 2024 that has revised upwards India's growth projections for 2024, with the country's economy now forecast to expand by close to seven per cent this year.

Also read: Is the Indian online consumer evolving? A relatively new fee seems to suggest so Reliance Retail said in a statement on Thursday, “Under a long-term licensing agreement, Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India. Leveraging its extensive experience of operating omni-channel retail networks, Reliance Retail will introduce ASOS’s portfolio of owned labels to the Indian market through a multi-channel presence for ASOS across retail formats such as exclusive brand stores, multi-brand stores and online platforms." ASOS only sells its own products in all markets except for a few, in which it also sells third-party brands.

Travel Trends 2024: Breaking Boundaries, said Indian outbound travel to Vietnam skyrocketed by 248% compared to 2019 levels, followed by the US and Japan, with growth rates of 59% and 53%, respectively. These figures, compiled for the January-March 2024 period, also indicate a significant shift in traveler preferences. The emerging trends hold promise for the travel sector, considering that India is expected to see nearly 20 million more people entering the middle class over the next five years, it added.

₹22 lakh, most of which will be financed through a loan. Canada had upped the GIC from CAD $10,000 ( ₹6 lakh) to CAD $20,635 ( ₹12 lakh) effective from 2024. A GIC is similar to a secure investment and acts as a proof that the student has the means to live and pay for expenses in Canada.

Morocco has grown its automotive industry from virtually non-existent to Africa’s largest in less than two decades

The Port of New Orleans’ president and chief executive officer has resigned to pursue an opportunity in the private sector

As the world becomes more eco-conscious every day, sustainability is now integrated into almost every sector. In the Indian retail sector, sustainable practices are gaining momentum, fueled by rising customer awareness and their demand for eco-friendly initiatives. As the cities transform to cater to their inhabitants’ needs, the retail sector is witnessing an evolution driven by various factors like urbanization, digitalization, and sustainable development. Amidst these cities, Noida-Greater Noida epitomize this evolution through their strategic initiatives and sustainable construction practices, showing the power of consumer influence in shaping a sustainable future.

Gurugram, long recognized as a cornerstone of the National Capital Region’s real estate sector, continues to redefine luxury living, evolving rapidly to meet the heightened expectations of affluent homebuyers. As 2024 unfolds, the city’s luxury real estate sector has been characterized by a distinct shift towards bespoke amenities and environmentally-sustainable features, mirroring global trends and local consumer preferences.

Last week, as I chatted with the founder of a fast-growing software startup, he dropped a bombshell. “I want to move our parent domicile from the US to India.” “Why?” I asked. “Your primary customers are in the US. You’re growing fast, with a clear line of sight to $100 million annualized revenue in three years or so. Why would you consider this?” Elevate Your Tech

Devyani International, the largest Indian franchise for Pizza Hut and KFC, today reported a net loss of Rs 49 crore for the quarter ended March 31, 2024, as against a profit of nearly Rs 60 crore for the same period last year. The firm reported an increase in revenue from operations by 38% year-on-year (YoY) to Rs 1061.7 crore. The total expenses of the company also increased by 32% YoY to Rs 550.6 crore which stood at Rs 374 crore in the fourth quarter of FY23.

wedding destination, the Abu Dhabi Convention and Exhibition Bureau (ADCEB) has announced an initiative to extend visa support to Indian nationals hosting weddings across the Emirate. The ADCEB, which is a part of the Department of Culture and Tourism Abu Dhabi, is undertaking this initiative to establish the UAE capital as a premier wedding destination, a statement released here said. The recently announced new visa initiative contributes to Abu Dhabi's tourism strategy 2030, which aims to boost visitor numbers to 39.3 million by 2030. The destination wedding segment is among the newest verticals to join the ADCEB as part of an overarching objective to attract domestic and international visitors and increase the sector's contribution to the GDP to AED 90 billion as per the 2030 strategy, the statement said.

International Monetary Fund warned the Maldives against looming «debt distress» Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.

Balearic Islands, including popular destinations like Mallorca and Ibiza, are taking decisive action to address issues of excessive drinking and rowdiness in holiday hotspots. According to reports from the Sun, the local government has voted to impose a complete ban on alcohol sales from 9.30pm to 8am, aiming to tackle problems associated with tourism. Effective immediately, this prohibition seeks to mitigate the impact of excessive tourism, with specific measures targeting areas like Llucmajor, Palma, Calvia (Magalluf), and Sant Antoni in Ibiza. Alongside the alcohol ban, party boats are prohibited from operating within one nautical mile of these towns or picking up passengers from them. These new regulations supplement previous measures implemented in 2020, which restricted activities such as happy hours, pub crawls, and two-for-one drink promotions. Jaime Martínez, the mayor of Palma, expressed hope that these laws would address inappropriate behavior.

interview with Times Now/Telly Talk India, Hargit Singh said Gurucharan was with him on his birthday (father's) on April 21. "The next day, he was supposed to fly to Mumbai. He told me, 'mai aa jaunga. 1-2 din me aa jaunga [I will come back in 1 or 2 days]'.

NEW DELHI : Radihika Khanijo is busy planning vacations this summer for a few uber wealthy clients to a destination that hadn’t been on her luxury travel firm’s radar ever before: South Korea. The Asian country is suddenly on the map of Indian travellers, says the founder of Welgrow Travel, and part of the reason is its easy visa process. “South Korea is seeing a big rise in travel demand from discerning travellers.

Mother's Day approaches, it's time to celebrate the remarkable women who have shaped our lives. This day isn't just about gifts and flowers; it's also an opportunity for these incredible women to embark on their own adventures and explore the world. Here are five essential travel tips for senior women planning solo trips this Mother's Day:

In the age of shiny Instagram feeds, hopping from one exotic destination to another has become the norm. It’s rarely about savouring experiences but ticking off a checklist of sights and destinations. In fact, social media-inspired travel itineraries offer nothing but temporary validation on platforms like Instagram, Facebook and YouTube.

AlTi Tiedemann Global, a global wealth management firm with assets exceeding $70 billion, is stepping further into the US wealth space with a hefty acquisition.

cabin crew of Air India Express ended the strike on Thursday after the management of the airline agreed to take back the 25 crew who have been terminated. The management has also assured that issues raised by their union will be looked into. The decisions were taken in a conciliation meeting held by the Chief Labour Commissioner of Delhi. The members of the cabin crew union who attended the meeting has promised that the crew will report for work immediately.

Gulf Cooperation Council (GCC) has announced a new unified tourist visa called "GCC Grand Tours," allowing travelers to visit all six Gulf countries and stay for over 30 days. This initiative, unveiled by the United Arab Emirates Minister of Economy, Abdulla bin Touq Al Marri, at the Arabian Travel Mar ket (ATM), aims to boost tourism and make travel across the GCC region more convenient. The Gulf Cooperation Council, also called the Cooperation Council for the Arab States of the Gulf, includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The GCC Grand Tours visa is designed to attract a higher number of tourists by simplifying the process of visiting multiple countries in the region, similar to the European Union's Schengen visa. This new unified visa is expected to significantly contribute to the growth of the tourism sector in the Gulf and increase the number of hotel guests, ultimately establishing the region as a leading destination for regional and international tourists.

wealth tax in the country. Speaking to ANI, he said such a move could drive India's wealthiest individuals to relocate their businesses to tax-friendly destinations such as Dubai. On the potential repercussions of such a tax policy, he said the wealthiest Indians, such as the Ambanis, and Adanis, might choose to emigrate to tax havens, leading to a substantial loss of wealth for the country.