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Taiwan may hire 100,000 workers from India, Taiwanese Labor Minister Hsu Ming-chun said that the news is ‘inaccurate’. However, she admitted that the two countries are in talks but have yet to finalize the matter.

₹1 trillion. In attendance were Union minister of state for Ports, Shipping & Waterways and Tourism, Shripad Naik, and Union minister of state for Ports, Shipping & Waterways, Shantanu Thakur, along with senior officials from major Indian ports and various public sector undertakings (PSUs).

Maharashtra will require cumulative investment of USD 1.53 trillion over the next six years to become a USD one trillion economy, a vision statement prepared by the Maharashtra Institution of Transformation (MITRA) said. A presentation of the vision statement was made on Friday to the state cabinet, which accepted 341 recommendations.

India’s central bank is clamping down on risky consumer lending as the economy booms, a move that’s likely to hurt banks but only have a limited impact on growth. The Reserve Bank of India on Thursday told lenders to set aside more capital for unsecured consumer loans, such as credit cards and small, personal loans. That type of borrowing had surged more than 25% in the past year, according to Macquarie Group, far higher than growth in consumer incomes, potentially creating a debt trap for borrowers and giving rise to defaults. The RBI’s measures prompted a selloff in bank stocks on Friday, with analysts saying a rise in borrowing costs will hit profits.

Biden and Xi Jinping had more in common with a counseling session for a couple contemplating divorce. The premise: Let’s try to keep things civil for the kids. All week, fear of a new Cold War has loomed over San Francisco, where Asia-Pacific leaders are gathered. After four hours of talks on Wednesday, the US and Chinese presidents offered a glimpse of just how hard it’s going to be to manage their relationship away from that course. The meeting at the Filoli Estate, 30 miles south of San Francisco, was months in the planning. But when the stakes are high, and the differences fundamental, even the most arduous diplomatic groundwork can sometimes only yield small victories. The US and China have agreed to collaborate on climate and artificial intelligence, and resume military-to-military contacts. More American students will be welcomed in China, Chinese pandas may return to American zoos, and Xi vowed to crack down on fentanyl shipments. Bigger and more divisive issues like trade, tariffs leftover from the Trump years and competition over technology were set aside for now. Also largely unanswered after Wednesday’s talks was the question of what comes next. There are plans for working groups that will see middle-ranking officials meet occasionally, but no future high-level interactions were announced aside from a planned China trip by Treasury Secretary Janet Yellen, although the two leaders pledged to speak directly if tensions flared. And 2024, which starts with a presidential election in Taiwan and ends with another one in the US, is shaping up to be a crucial year for the world’s most important relationship.

Indian Railways is overhauling its catering policy to better optimise food availability in trains on the national transporter. Base kitchens for clusters of trains will be formed under fresh changes to the catering policy.

Oil prices drop over $3 on China's demand concerns, US crude stock; Brent crashes to $78/bbl Both of these crucial benchmarks marked a 9.12% decline this month so far, reaching their lowest levels in four months. The substantial decrease in crude oil prices on Thursday followed a larger-than-anticipated build-up in U.S. oil inventories.

Small Cap Mutual Funds have been a sought-after sub-category of equity mutual funds, shows the AMFI data. One of the reasons for this is that Small Cap Funds have a good return potential, making them a worthwhile choice for long-term wealth creation. Small Cap Funds invest a minimum of 65% of their assets in Small Cap stocks.

While the Indian economy powers ahead to overtake many developed countries in terms of GDP growth, Millennial and GenZ citizens continue to form the bedrock of our nation’s demographic dividend and remain critical to its future success. Being more inclined towards adopting technological advancements, both across consumption and investment-related themes, this young working population ought to consciously invest in building a healthy corpus that can sustain their improved standards of living. To do this, it is critical for them to start investing early and follow a robust investment strategy that compounds savings while offering adequate insurance protection. Let us look at top smart money investment avenues and important insurance products that should be considered when creating such a holistic strategy.

Individuals who have not done any transactions on their UPI IDs and numbers for over a year will not be able to receive funds from January. The National Payments Corporation of India (NPCI) has asked banks, payment service providers and Third Party Application Providers (TPAPs) such as PhonePe, Google Pay and others to deactivate UPI IDs and numbers of customers who have not performed any transactions for one year or more.

The festive season is upon us, and stakeholders in India’s real estate sector have more than just the holiday cheer to be excited about this year. What has kept the growth momentum going for the second-largest employment sector in the country at a time when global economies are reeling under the impact of geo-political tension?

Gaza Strip, triggered by Hamas's cross-border attack on Oct. 7, has brought upheaval and destruction to the Palestinian territory on a scale never before seen in the enclave. Here are latest estimates from international organisations on the socio-economic impact of the conflict. Housing The United Nations Office for the Coordination of Humanitarian Affairs (OCHA), quoting data from the Palestinian public works and housing department, said Israeli attacks had destroyed more than 41,000 housing units and damaged more than 222,000 housing units. In all, it said at least 45% of Gaza's housing units had reportedly been damaged or destroyed. It was impossible to independently verify the numbers, but Reuters reporters in Gaza say the destruction is on a huge scale.

how to ride this multi-decade trend. To make my argument, I will flip this and suggest what not to do instead. First, a big mistake one is prone to make in times like these is to start looking way out into the future and estimating how successful Indian companies will be.

SHANGHAI/BEIJING (Reuters) — China's central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the matter said on Friday, referring to the rising short-term yields on bank debt and strains in funding markets.

Investing.com — The U.S. dollar edged higher in early European trade Friday, but was heading for a sharp weekly loss after cooling inflation spurred growing bets that the Federal Reserve has completed its series of rate hikes.

By Joe Cash

Keki Mistry, Non-Executive Director, HDFC Bank, says “people are still not seeing any concern or any deterioration in terms of asset quality as far as the unsecured loans are concerned. So, to my mind, this is a precautionary measure by the RBI, a welcome precautionary measure, given that this kind of lending has increased so much in the system.” What are your initial thoughts on this latest circular from the RBI on unsecured lending and also can you help us understand in layman terms the impact it would have on the financial sector — banks, NBFCs, all of them? My view is that RBI for nearly two months has been continuously making some remark or comment about the fact that the quantum of unsecured lending in the system has increased a lot and RBI is a little concerned about it. One was expecting some kind of regulatory action around that. What exactly that action would be, one did not know and now we know that the risk weight on these loans has been increased by 25 percentage points.

China’s President Xi Jinping a “dictator". The video of Joe Biden calling Xi Jinping a “dictator" surfaced a day after Joe Biden met his Chinese counterpart Xi on the sidelines of the Asia-Pacific Economic Cooperation (APEC). Anthony Blinken, 61, visibly grimaced and was seen fiddling with his hands when Joe Biden said Xi “is a dictator in the sense that he is the guy who runs the country that is a communist country … based on a form of government different than ours" at a press conference.

patents till November 15 this fiscal year, Commerce and Industry Minister Piyush Goyal has said. In 2013-14 fiscal year, 4,227 patents were granted. «It's a record.

West Australian Premier Roger Cook says his state is the ideal place to store much of the world’s carbon emissions, and must capitalise on its natural advantages to become a global carbon storage hub.

JSW Infrastructure, the ports unit of Sajjan Jindal-led JSW Group, jumped 8.5% to Rs 220 in Friday's trade on BSE after the company emerged as the winning bidder for the development of all-weather, deep-water, greenfield port at Keni in Karnataka on Public Private Partnership basis. «The Karnataka Maritime Board, Government of Karnataka has issued the Letter of Award (LOA) to JSW Infrastructure. As per the RFP document, the estimated cost of the Project is Rs 4,119 crore with an initial capacity of 30 MTPA,» the company said in an exchange filing. Arun Maheshwari, Joint MD and CEO of JSW Infrastructure, said, «Through the development of this greenfield port, we are partnering Karnataka Government’s mission to meet the logistics demand of a rapidly growing State and the region’s economy.