India’s richest men drop out of world’s elite $100 billion club

The wedding celebration of Indian billionaire Mukesh Ambani’s son Anant earlier this year was the stuff of tabloid fantasy: a seven-month extravaganza that saw Rihanna and Justin Bieber flown in to entertain guests across exotic locales from Mumbai to the Italian Riviera. The event — which cost $600 million by some estimates — offered a […]

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Modi says India plans to supply LNG to Sri Lanka, connect power grids

India plans to supply liquefied natural gas to Sri Lanka’s power plants and will work on connecting the power grids of the two countries as well as lay a petroleum pipeline between the neighbours, Indian Prime Minister Narendra Modi said on Monday. Modi was speaking at a joint press briefing with Sri Lankan President Anura […]

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Bangladesh Energy Prosperity summit ends eying green, just future

The government plans to attain the ambitious renewable energy transition target to achieve 30% Renewable Energy (RE) in the energy mix by 2030, 40% by 2041, and 100% by 2050 Hailing the measures taken so far by the interim government for the country’s power and every sector, the Bangladesh Energy Prosperity-2050 conference has ended with […]

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Savings in the National Currency of Mongolia Increased by MNT 5.4 Trillion

The savings in Tugrug, the national currency of Mongolia, reached MNT 20.7 trillion as of the end of October 2024, an increase of MNT 94 billion (0.5 percent.) Compared to the same period of 2023, the total amount of Tugrug savings increased by 5.4 trillion, or 34.9 percent.  Of the total Tugrug savings, MNT 17.9 […]

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Uzbekistan aims to process up to 300,000 tons of copper domestically

Uzbekistan plans to annually process up to 300,000 tons of copper in its domestic market. To reach this target, the country is creating clusters, technoparks, and joint ventures focused on the production of copper-based products. This was announced by Ural Yusupov, Deputy Minister of Mining and Geology of Uzbekistan, during the International Congress on “Mining […]

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Masdar to build new 1000 MW wind power plant in Uzbekistan

The agreement between Masdar and Uzbekistan’s Ministry of Energy was finalized during the COP29 climate conference, marking a major step forward in the country’s push for sustainable energy solutions. This new plant is projected to generate 3.5 billion kWh of electricity annually, equivalent to saving approximately 1 billion cubic meters of natural gas each year. The construction […]

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Maldives enacts legislative changes to tackle rise in cybercrime

Maldives has enacted legislative amendments to criminalize cybercrime in order to tackle a rise in crimes perpetrated through social media or digital devices. The amendments to the Penal Code, the Criminal Procedure Code, and the Act on Mutual Legal Assistance in Criminal Matters were ratified by President Dr. Mohamed Muizzu on Tuesday. The amendments to […]

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Sri Lanka’s internet subscriptions hit 26mn connections

The number of internet subscriptionsin Sri Lanka, including mobile internet connections, has risen to 26 million units by the end of the second quarter of 2024, according to local analytics platform Charts.lk. The platform noted that the surge in the figures marks a 19 percent increase in growth compared to the same period last year, […]

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India-Nepal Startup Summit 2024 Commences In Kathmandu

The India-Nepal Startup Summit 2024 has commenced in Kathmandu today, bringing together entrepreneurs, investors, and policymakers to foster collaboration and innovation between the two nations. This summit aims to create a platform for startups to network, pitch their ideas, and explore opportunities for growth and investment. The event organised by Startup Network (Nepal) in collaboration […]

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