Noel Tata has been appointed as the chairman of India’s largest industrial group Tata Trust. He is the half-brother of late industrialist Ratan Tata. Noel was appointed chairman of the trust at a board meeting in Mumbai on Friday. Noel is the vice chairman of Tata steel and watch company Titan. His mother is French-born […]
Read MoreWith the opening of a new oil well in the Qashqari region of Sar-e Pol province, oil extraction has increased to over 5,000 barrels per day. Officials from the extraction company have announced the transfer of 79 trucks of advanced equipment to boost oil extraction in Qashqari and Zamarud Sai in Jawzjan province, and they […]
Read MoreGovTech is currently engaged in a third satellite project aimed at developing the satellite with minimal cost and in a short time possible by employing lean satellite development principles. This new satellite will use commercially available components that are ready for assembly, in contrast to the previous INS-2B satellite, which was indigenously designed and developed by […]
Read MoreMaldives is now supporting payments through cards running on RuPay, India’s card payment network. The decision was announced this week after talks between Indian Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu. RuPay is the Indian alternative to Visa and MasterCard. Data by market research firm 1Lattice last year showed that RuPay dominated the debit card […]
Read MoreThe World Bank said on Thursday that the Maldives has made limited progress in implementing the fiscal reform plan proposed by the Maldivian administration back in February, adding that urgent actions are needed to reduce spending. The global financial institute, in its biannual update released on Thursday, expressed concern over the delay in the rollout of the […]
Read MoreThe incessant rainfall that took place in mostly in central and eastern parts of the country on 27 and 28 September has inflicted damages worth Rs 730 million to the public transport sector. According to the information shared by the National Federation Transport Entrepreneurs Nepal, the damage has been estimated to be around Rs. 729.80 […]
Read MoreIndia is building two more nuclear powered submarines. In the meantime, the country’s government has approved this project worth 49 thousand 928 crores in Bangladeshi currency. Apart from these two, India has two more nuclear powered submarines. News from Economic Times The Cabinet Committee on Security headed by Prime Minister Narendra Modi has approved the […]
Read MorePakistan and Saudi Arabia signed 27 memorandums of understanding (MoUs) worth $2.2 billion in various sectors on Thursday. Last night, a high-powered Saudi delegation led by its Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh arrived in Islamabad on a three-day official visit. Prime Minister Shehbaz Sharif, Al Faleh and Chief of Army […]
Read MoreAmbassador of Sri Lanka to Sweden Kapila Fonseka successfully concluded a two-day official visit to Gothenburg, the second largest city of Sweden, last week. The purpose of the visit was to engage with key stakeholders including Swedish government officials and business leaders to strengthen economic and trade relations between Sri Lanka and Gothenburg, and to […]
Read MoreThe Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World Bank (WB) said today. The World Bank’s bi-annual Sri Lankan development update titled ‘Opening Up to the Future’, however cautioned that the recovery remains fragile and hinges on maintaining macroeconomic stability, successfully restructuring debt and […]
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